Software Used to Trade Jack Hershey Methods

Discussion in 'Trading Software' started by Tums, Jun 26, 2007.

  1. I've only used IB, but you can use any of the NT compatible data providers. If you use one that also provides futures data there wouldn't be a synch issue.

    - palinuro
     
    #1041     Aug 13, 2009
  2. ehorn

    ehorn

    Thanks for the insights!
     
    #1042     Aug 13, 2009
  3. I have improved the BarPaint2 indicator for NinjaTrader

    -1 tick ibgs has lighter color
    -lateral formation will be killed by an IBGS that pierces its boundary
    -lateral formation must end by 2 consicutive closes outside, and as such will will continue when price closes outside followed by close inside

    I believe it does laterals much more accurate now.

    HTH

    --
    innersky
     
    #1043     Aug 13, 2009
  4. Thank you very much innersky for the 'lateral tuneup'. Indeed it is more accurate however as you will see in the attachment, it appears that there is no volume constraint on the 'ability' of a 'piercing' IBGS to terminate a lateral. Do you think you could address this?

    TIA

    [​IMG]
     
    #1044     Aug 18, 2009
  5. charts

    charts

    ... Sorry guys ... I'm pretty sure you're on the wrong track with this kind emphasis on laterals ... :)
     
    #1045     Aug 18, 2009
  6. It will do until something better comes along.
     
    #1046     Aug 18, 2009
  7. charts

    charts

    ... I suggest learning to better draw tapes :)
     
    #1047     Aug 18, 2009
  8. Hmmm. Let's see if I remember the lateral protocol. Yes I do. As I said, come up with something better. As an aside, a lateral very frequently reflects the overnight price action, especially on a 60 min timeframe.

    Memo to innersky. Booleans deal with perceived absolutes, for want of a better term and as yet I have to find a violation of your proclamation voiced elsewhere. Interestingly, lateral movements do violate the condition and perhaps that's one of the reasons why they have been left behind.
     
    #1048     Aug 18, 2009
  9. While I don't think volume is of any importance here, here is the code you asked. (this code will only end the lateral when an IBGS pierces the lateral on increasing volume)
    Just add the bold part in the code.


    // if ibgs that pierces a lateral then it must end this lateral
    if (FirstTickOfBar
    && lat
    && Volume[1] > Volume[2]
    && ((High[1] > High[CurrentBar - latBar])
    && ( High[1]>High[2] )
    && ( Close[1]<Open[1] ))
    || ((Low[1] < Low[CurrentBar - latBar])
    && ( Low[1]<Low[2] )
    && ( Close[1]>Open[1] )))
    {
    lat = false;
    }
     
    #1049     Aug 19, 2009
  10. Thank you innersky.
     
    #1050     Aug 19, 2009