Spydertrader's Jack Hershey Equities Trading Journal III

Discussion in 'Journals' started by Spydertrader, Dec 30, 2006.

Thread Status:
Not open for further replies.
  1. I bet my laptop's cpu would love THAT...

    LOL...

    Is that the PRV tool like is found in Quotetracker? Excal programs eat up all my cpu. tried one of those before - I believe it was the one that Makosgu made, and it pegged it at 100% all the time.

    Still in BTJ, tomorrow may be a sell day. 20% gain for this last surge will be 49ish dollars.
     
    #2021     Oct 15, 2007
  2. The code for the PRV calcs is not very intensive. What does eat up the CPU is the continuous sorting (especially with my R2K list!)
     
    #2022     Oct 15, 2007
  3. mark1

    mark1 Guest



    Mischief posted a few months ago a working script for Amibroker, which works with various data feeds and IB as the broker software

    The most difficult thing is not to code the system, but to "link" properly the system and your broker program.

    Well, Mischief did a pretty good job on both tasks
    Here is his last posted script for autotrading

    You might want to take a look. So now you have to learn Amibroker language and WL language.... :D

    My advice is, don't use it with a real account before you understand every bit of code and what it used for.
     
    #2023     Oct 15, 2007
  4. mark1

    mark1 Guest

    Man that file is a monster, but it is so cool !

    The theory behind the PRV calculation is the same as in QT, in this screen we just use it to populate a table with numbers instead of rendering a dynamic chart
     
    #2024     Oct 15, 2007
  5. cnms2

    cnms2

    The intraday PRV displayed by QuoteTracker has a different purpose and implementation. See Spydertrader's recent post, as well as the message exchange on this subject. It has nothing to do with FRV and Jack's equity trading method.
     
    #2025     Oct 15, 2007
  6. mark1

    mark1 Guest

    And what are Lower band DU, Average DU and High band DU? Aren't they pro-rata volume levels of the FRV?

    Aren't they used to try to catch a price movement?

    Immagine the QuoteTracker pro-rata volume indicator working on a daily bar of the volume histogram instead of a 5 minute bar

    Yes different implementation , but same theory
     
    #2026     Oct 15, 2007
  7. Pro rata volume is pro rata volume no matter which fractal you're working with.
     
    #2027     Oct 15, 2007
  8. bi9foot

    bi9foot

    :confused: . Not sure what you mean cnms2. All Quote tracker is doing for PRV is using current interval volume and estimating what the volume will be at the end of the interval. No different than what spyder does. The only that QT calculates the estimated volume every second or so, spyder does it 3 or 4 times during the course of a 5 min bar.
     
    #2028     Oct 15, 2007
  9. cnms2

    cnms2

    The difference is that the intraday per-bar prv (as calculated by QT and other providers) is linear, while the prv calculated for the FRV is based on Jack's estimate of the non-linear intraday activity.

    Guys, don't jump to conclusions ...:)
     
    #2029     Oct 15, 2007
  10. Dude, I was just asking what it was about.

    I never made any assumptions about anything.
     
    #2030     Oct 15, 2007
Thread Status:
Not open for further replies.