Something some of you may find useful... In thinkorswim you can add a custom quote and create a condition based on any indicator you can write/find in TOS. It returns a binary output so I was able to use it to create this view based on some levels I use, so now I can create a list of stocks I am interested in based on NLs and then quickly sort them for price action. Kind of a bridge to allow certain outputs while the programming skills are still being developed.
is there a tutorial on this? it seems I can only add certain studies that are default or already preloaded...no option to add ACD studies or Number Line studies that I have created.
I added the ones called "custom 1" "custom 2" etc, and then closed. Then you can right click on that column and edit the code which allows you to reference your custom indicators.
Depends what you want to do IMO. R is good for data analysis, but python has broader application and is just as good for data analysis.
Do you guys believe in probabilities or certainties? The way I see it, every non-pro believes in probabilities. You can run Monte Carlo simulations till your hearts content. But, that cannot predict the markets. Certainly, the Wharton & Harvard grads love to leave money on the table. The more exotic & illiquid the instrument, the greater the odds are you find an edge. Take for example..... a NYSE listed equity. Where is there an edge there? Surely, if you go prop you may find better financing terms and lending rates, but where is the edge? There isn't one on centrally cleared equities when you're retail. But, somewhere....some far far place away there is an edge. And, surely if you look hard enough you'll find it. Just a heads up for anyone new to trading, no one will help you who is profitable unless you're helping them. Barring only a few.
I thought there are no certainties when trying to predict the future. It is the only factor that keeps things somewhat leveled for all players...the unknown unknowns. So all you have left is just probabilities and distribution models.
Not exactly. In trading, there are certainties. Virtually no retail knows about the edges real props/banks have. Trading isn't what it appears to be. If you've never been inside, you wouldn't know. It's not exactly published, and reading research reports only gets you so far. Banks to be specific, or the "one bank," if you happen to read zero hedge, trade with each other to manipulate prices without risking losses. They're protected by regulators whom they "own." I'm positive a quick google search will clear things up. Dive into the research the Pujo Committee conducted, and open up your way of thinking. It's there if you look long enough. Edges? Hell, I even have a few. And, who am I? Nobody. My edges are not 80% success rates. My edges are a 100% certainty, and those aren't the only edges available. My only limitations are capital and relationships. I have proof of concept, but there isn't a way in hell I'd give it away without an NDA & an arm. If you know anyone that isn't fluff, I'm open for negotiations.