I'm still a bit confused re. how to use S/S. Do you consider the extreme values or just the closing value? When is an appropriate time to use it. In a recent post you mentioned it works at "spikes" and I'm not sure I know what you mean by a "spike". In my charting I see +/-2 values on almost every bar so maybe it may be my data source is causing my confusion. TIA, Doug
I consider all values. You use STR / SQU in the NOW. Whatever the value is when you go to obtain the data is the important value. Check the STR / SQU value near trend lines. See the attached .gif file for examples of 'spike' bars. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1448529> Anything in between +2 and -2 we consider as 'noise' and observe as 'no signal' given. values greater than +2 and less than - 2 create a signal. The greater the extreme, the larger the anticipated move. In other words, we expect a larger move on a value of +10 than we expect on a value of +3. I hope that helps. - Spydertrader
1. It doesn't appear that your automated bands (BB or Keltner) have provided you any assistance in locating an FTT. 2. I recommend learning to draw in channels. 3. Your Volume bars need changed so you can differentiate between red and black volume bars. Same with your price bars. 4. You might find improved results by focusing on Channels and Gaussians and learn to manually trade the method before attempting to automate entry and exit. 5. Search for ETLurker. He has some ideas which might be applicable to your efforts. - Spydertrader