Software Used to Trade Jack Hershey Methods

Thanks tobbe. Ditto on the tick charts. Thanks Tums for permitting the ramble.

lj



Moderator's comment:
We welcome all discussions on Software Used to Trade Jack Hershey Methods, including the tools that support those software.
Thank you for contributing.

 

Mr Black's Charting Drill generated some interest in tape analysis...

<img src="http://elitetrader.com/vb/attachment.php?s=&postid=2099848" width=640>



Greaterreturn's Automation attempt begins with a study in automated tape drawing.

http://elitetrader.com/vb/showthread.php?s=&threadid=136434
http://elitetrader.com/vb/showthread.php?threadid=139858

In the next few posts, I will demonstrate how to draw tapes using EasyLanguage...

 

I will be drawing a basic 2 bar tape... with the ends extending to the 3rd bar's space.

These are the coordinates we will be working with.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2109583">

 

EasyLanguage is an English-like programming language, even a non-programmer can easily follow the instruction flow and decipher the logics.

Code:

[color=blue]
// Tape v1.0
// Author: TUMS
// Date: October 2008
// License: public domain
// Description: This program draws the 2 bar tapes
// [url]http://elitetrader.com/vb/showthread.php?s=&postid=2109583#post2109583[/url]
//
// You are encouraged to post your enhancements on
// [url]http://www.elitetrader.com/vb/showthread.php?threadid=97684[/url]


inputs:
begin_time(935),
end_time(1610),
tape_color(lightgray);

variables:
slope(0),
id_tl_RTL(-1),
id_tl_LTL(-1),
outside_bar(false),
inside_bar(false),
RTL_tape_end(0),
LTL_tape_begin(0),
LTL_tape_end(0),
tape_width(0);

outside_bar = high > high[1] and low < low[1];
inside_bar = high <= high[1] and low >= low[1];
tape_width = maxlist(range, range[1]);


if time > begin_time and time < end_time then
begin

if outside_bar = false and inside_bar = false then
begin

if high > high[1] then
begin
	slope = low - low[1];
	RTL_tape_end = low + slope;
	LTL_tape_begin = low[1] + tape_width;
	LTL_tape_end = low + tape_width + slope;
   
	id_tl_RTL = tl_new(date, time[1], low[1], date, time + barinterval, RTL_tape_end);
	id_tl_LTL = tl_new(date, time[1], LTL_tape_begin, date, time + barinterval, LTL_tape_end );
   
	tl_setcolor(id_tl_RTL, tape_color);
	tl_setcolor(id_tl_LTL, tape_color);
end
else

if low < low[1] then
begin
	slope = high[1] - high;
	RTL_tape_end = high - slope;
	LTL_tape_begin = high[1] - tape_width;
	LTL_tape_end = high - tape_width - slope;
   
	id_tl_RTL = tl_new(date, time[1], high[1], date, time + barinterval, RTL_tape_end);
	id_tl_LTL = tl_new(date, time[1], LTL_tape_begin, date, time + barinterval, LTL_tape_end );
   
	tl_setcolor(id_tl_RTL, tape_color);
	tl_setcolor(id_tl_LTL, tape_color);
end;

end;
end;

[/color]

 

Here's how the finished product looks like...

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2109627">


edit:
The code I posted above is NOT the comprehensive Auto Tape Drawing program...
but rather, it is a first step in understanding how to use EasyLanaguage to build tapes.

My posts focused on the basic 2 bar tape.
Although its capabilities are limited as is, the tapes can still be used in understanding how price develop within the tapes... then breaks the RTL, and turns into opposite tapes... which in turn forms traverses, and then channels.

There are lots you can add to this basic framework. I encourage you to post your enhancement here as your way of paying-forward.

 

Thanks, Tums! This is really helpful, got it running on TS, looking nice.

I hope to contribute code as well at one point. Still in learning mode for now

 

As I mentioned elsewhere, have dumped DTN and IB feeds (the latter now used only for crude backup) and now use the NT + Zenfire setup. As I ramp up NT I've hit a few glitches (for me) and would appreciate any help that anyone might wish to give.

The first thing is if Pepe's xml files noted above are essential to using his indicators then how do you get rid of the text extension? I have tried to do this and will not bore anyone with the details of the failure except to say that the downloaded files are .txt files but on my desktop that attribute is hidden.

A second quickie. How does one get rid of those bleeding red and green triangles?

Instead of putting a great wad of questions in a single post, I'll submit periodic clips of confusion.

TIA

lj

 

Never mind the above but there'll probably be more questions of comparable caliber.

lj

 

Guys

I’m trying to setup Pepe’s JH indicators script on NT.
Problem is I initially imported the original zip, then the latest zip.

I then could not see some of the indicators so I did a remove Ninja script assembly.

Now I have some ‘skeleton indicators’(I can see the name, no dll) Indicators showing the jurik ones.

I cannot delete these as they don’t show up on –Edit ninjascript- indicators, on the list on delete

The main problem is if I try to utilities-import Ninja script or remove utilities-Ninja script assembly. I get the following message.

“You have custom Ninjascript files on your PC that have programming errors. These errors must be resolved before you can import the NinjaScript Archive file.”

Any idea what I can do? I need to purge these erroneous ones.

 

edit, scroll thru indicator list, look for the one with yellow color, right click, delete, also delete 'user custom indicator' if it is there.