Foible, I need the jar file for your screening program, or I need the latest screening program written by this outstanding group. I got a new notebook for christmas and I am trying to get things moved. Best Regards Oddi
JDAndy, I have the eld working well now, thank you. Can you point me to directions on how to take advantage of this info?
I thought I saw mention of a way to link an excel spread sheet to data sources so that fields like score, rank DU vol, etc. are updated automatically. Is there such a thing? Thanks
Back over the past few days there are several different discussions on pro-rata volume (or PRV). These different sheets break the volume down in intervals of 30sec, 1min, 2min, 2.5min, 3min, 4min and 5min. I have the color transitions set-up at these points so I can quickly determine where the volume is in relation to the PRV sheets. I also have horizontal lines set-up at selected levels. This is just parts of the whole.
I've been trying to wrap my head around the claim that the YM leads the ES and I can't do it. I just don't see why this should be the case. They're highly correlated, that's for sure, but I don't see why one should lead the other. Let me propose an alternate explanation and see if someone can shoot me down. Neither the YM volume nor price leads the ES. Instead, since the YM is displayed on a faster fractal, it makes it easier to see pro-rata volume. You can see faster and clearer when volume is coming into the YM and since the YM and ES are correlated (not leading/following), this often shows pro-rata volume for the ES. Instead of looking at the YM on the 2min fractal, wouldn't it be better to look at the ES on a 2min fractal? There would be a perfect correlation (of course) and it would give the same benefit, that of seeing pro-rata volume clearer. Thoughts? Is this a possibility?
foible I have come to the same conclusion. It is simply watching a faster fractal but it does help to watch ym when trading es, imo, not for any lead but rather confirmation. It certainly helps if they agree and its a warning if they dont.
You won't like this answer, but here it goes. If you can't see it, it isn't time for you to use that tool. Stick with price, volume and channels on the ES for now. Jumping ahead will mess you up. I have several posts on the YM scheduled for the end of January. By then, you should see the rationale behind the extra tools. For now, price, volume and channels is where you need to focus. If you still feel you want to jump ahead, search Jack's posts. I'll post plenty of links to background material in a few days. - Spydertrader
Happy New Year, everybody. Enjoy the 4 day weekend. Looking forward to seeing you all next year in either (or both) Journal. - Spydertrader