slightly off topic (though useful) I'M looking for an indicator called: Up tick volume : Down tickvolume (or similarly) it's said to be extremely helpful for short term/scalp trading. Is anybody familiar with it -- does anybody know how/where to get hold of the formula - TradStation version? Charly
Since you said you want it and you've asked twice, I went looking for it and here it is: UpTick/DownTick Indicator But at best that's just another piece of bait on a flyfishing pole. ProfLogic is showing us how to string the line, how to read the water, and how to catch as many fish as we might possibly want to eat. Will we reel in all of'em? Nope, you don't always pull-in what you're going after, now do you. But we'll pull in more than enough to keep our bellies full. Good trading, JJ
UpTick/DownTick Indicator But at best that's just another piece of bait on a flyfishing pole. ProfLogic is showing us how to string the line, how to read the water, and how to catch as many fish as we might possibly want to eat. Will we reel in all of'em? Nope, you don't always pull-in what you're going after, now do you. But we'll pull in more than enough to keep our bellies full. Good trading, JJ [/B][/QUOTE] ~~~~~~~~~~~~~~~~~~~~~~~ JJ thank you very much - very helpful since I could not find the formula on pages like Traders Laboratory and others and I don't have access for the TradeStation forum. I'm very curious and hopefully I'll get it translated. C
Charly, I think this is the link you are looking for. JB http://www.traderslaboratory.com/forums/f46/up-down-volume-indicator-1152.html
~~~~~~~~~~~~~~~~~~~~~~ Great JJ my thanks to you as well. If this indicator - once translated - proves to be of real value for scalpers I'll post it here. C
To comment a bit on this thread Just become you cant find use on a tool does not make it useless. It might be just useless to you or perhaps you are useless to the tool. Food for thought. Anek
So true. Hopefully this thread will at least offer some insightful information to stimulate some trading libidos.
Hi Posted some charts below from today for Anek and Prologic to take a look at Used the 2401vb to find the trend. I saw the HH and HL and figured time to drop down to the 343vb chart to find an entry. This is a combo of things I have taken from Anek and ProLogic......I would really appreciate both of your comments. Pro, I have really tried to understand your indicator (ergonic thingy ) to help me define the dominate trend on the higher time frame etc but I still can't get my head around your complete method even after looking at your charts over and over again I am still confused with how you interpret the bottom half of your charts and all the squigly lines and historgrams etc (I just read through all of your stuff yet again over the last few days.....if you have any way to perhaps explain it in another way I would be greatful). Cheers http://i1.tinypic.com/4m2g0fb.png http://i16.tinypic.com/4kz5ztd.png
can the tool be objectively tested, without curvefitting? if so, what are the results of the objective testing?? thank you, surf
I'll post my 2401 and 343 charts with co-ordinated entries and exits of your same period. Here is the 2401. Understand that I trade one chart at a time because I have the benefit of having the computer label the oscillations for me.