The ACD Method

MAV-
Looking at your A lines for this year I notice that they are closer together than the ATR of any of the last 10 years. Why is this? Do you forsee that this year will be an unusually narrow range?

 

We had a very tight OR this year. That should portend a very big move this year.

 

Any one watching the Yen today?

The lights came on correlation went to 1 and all the bugs and cockroaches scurried off in the same direction

 

The USD/JPY has been a 100 times better market short then the ES. Nobody is talking about it. Seems like I mentioned something about quiet trades before on here....hmm.

 

We must have the same make of binoculars....

 

anyone have a simple chart script that will automatically mark the ACD levels ?

 

Which platform are you using?

 

TT and ibkr for execution I have used investor rt and tradestation for charting.

 

If you Pm me your email address I can send the tradestation indicator code to you.

 

I posted a link to an ACD indicator my father and I coded above on Trading View. It's free (requires registration) and has data on a lot of different markets.

I also have ACD indicators for ThinkOrSwim:

Daily:

Spoiler

input OR_Start_Time = 0400;
input OR_End_Time = 0530;
input ATR_Multiplier=0.1;

def OR_Start_Seconds = SecondsFromTime(OR_Start_Time);

def secondsFromOpen = SecondsFromTime(OR_Start_Time);
def secondsFromClose = SecondsTillTime(OR_End_Time);
def agg = AggregationPeriod.FIFTEEN_MIN;


def H = high(period = agg);
def L = low(period = agg);
def H2;
if secondsFromOpen >= 0 and secondsFromClose > 0 {
H2 = H;
}
else
{
H2 = H2[1];
}
plot H1 = H2;

H1.SetLineWeight(3);
H1.SetStyle(Curve.SHORT_DASH);
H1.SetDefaultColor(Color.BLUE);
def L2;
if secondsFromOpen >= 0 and secondsFromClose > 0 {
L2 = L;
} else {
L2 = L2[1];
}
plot L1 = L2;
L1.SetLineWeight(3);
L1.SetStyle(Curve.SHORT_DASH);
L1.SetDefaultColor(Color.RED);

def atr10 = Average(TrueRange(high(period = "day"), close(period = "day"), low(period = "day")), 10);
def ATR;
if secondsFromOpen >= 0 and secondsFromClose > 0 {
ATR = atr10;
} else {
ATR = ATR[1];
}
plot DailyAUp = H1 + (ATR * ATR_Multiplier);
DailyAup.SetDefaultColor(Color.Green);
plot DailyADn = L1 - (ATR *ATR_Multiplier);
DailyADn.SetDefaultColor(Color.Yellow);

Weekly:

Spoiler

input ATR_Length = 10;
input ATR_Multiplier=0.1;

def date=GetYYYYMMDD();
def H = High(period="day");
def L= Low(period="day");
def H2;
if GetDayOfWeek(date)==0 or GetDayOfWeek(date)==1 {
H2=H;
} else {
H2=H2[1];
}
plot H1 = H2;
H1.SetLineWeight(3);
H1.SetStyle(Curve.SHORT_DASH);
H1.SetDefaultColor(Color.BLUE);
def L2;
if GetDayOfWeek(date)==0 or GetDayOfWeek(date)==1 {
L2=L;
} else {
L2=L2[1];
}
plot L1 = L2;
L1.SetLineWeight(3);
L1.SetStyle(Curve.SHORT_DASH);
L1.SetDefaultColor(Color.Red);
def atr10 = Average(TrueRange(high(period = "week"), close(period = "week"), low(period = "week")), ATR_Length);
plot Weekly_AUp = H2 + (atr10 * ATR_Multiplier);
Weekly_Aup.SetDefaultColor(Color.Green);
plot Weekly_ADown= L2 - (atr10 * ATR_Multiplier);
Weekly_ADown.SetDefaultColor(Color.Yellow);

Monthly:

Spoiler

input ATR_Length = 10;
input ATR_Multiplier = 0.1;

#plot H = high(period = "day");
#plot L = low(period = "day");
def H = high(period = "day");
def L = low(period = "day");

def date = GetYYYYMMDD();
def H2;
if GetMonth() != GetMonth()[1] {
H2=H;
}
else
{
H2 = H2[1];
}
plot H1 = H2;
H1.SetLineWeight(3);
H1.SetStyle(Curve.SHORT_DASH);
H1.SetDefaultColor(Color.BLUE);
def L2;
if GetMonth() != GetMonth()[1]
{
L2 = L;
} else {
L2 = L2[1];
}
plot L1 = L2;
L1.SetLineWeight(3);
L1.SetStyle(Curve.SHORT_DASH);
L1.SetDefaultColor(Color.RED);
def atr10 = Average(TrueRange(high(period = "week"), close(period = "week"), low(period = "week")), ATR_Length);
def ATR;
if GetDayOfMonth(date) == 1 {
ATR = atr10;
} else if GetDayOfMonth(date) == 2 {
ATR = atr10;
} else if GetDayOfMonth(date) == 3 {
ATR = atr10;
}

else
{
ATR = ATR[1];
}
plot Weekly_AUp = H2 + (ATR * ATR_Multiplier);
Weekly_AUp.SetDefaultColor(Color.GREEN);
plot Weekly_ADown = L2 - (ATR * ATR_Multiplier);
Weekly_ADown.SetDefaultColor(Color.YELLOW);