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Questions about IRT studies
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Created: by Alphachase Attachments:14

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Questions about IRT studies

  #31 (permalink)
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LS Chad View Post
OK, the Vervoort is available now as an RTX Extension and can be downloaded from https://www.linnsoft.com/techind/vervoort
Alpha, thanks for working with me on this and let me know if anyone has a problem with the indicator.

Chad

Hi Chad, thank you very much for great job! The indicator works precisely as it should.

Brief question - how to make SETTLE calling a real settlement price and not a previous close price?

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  #32 (permalink)
 Vendor: www.linnsoft.com 
Milton, GA
 
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Alphachase View Post
Hi Chad, thank you very much for great job! The indicator works precisely as it should.

Brief question - how to make SETTLE calling a real settlement price and not a previous close price?

What data feed are you using to feed IRT?

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  #33 (permalink)
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Right now Rithmic thru MDT + DTNMA

Upd.
Well, with direct Rithmic connection SETTLE calls a settlement price correctly.


Last edited by Alphachase; March 13th, 2015 at 01:14 PM.
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  #34 (permalink)
 Vendor: www.linnsoft.com 
Milton, GA
 
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OK, so directly connection from IRT to Rithmic gives proper settlement but IRT to MDT (Rithmic) does not. I communicated this to MD and they're looking into it now. Thanks.

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  #35 (permalink)
Elite Member
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Extracting Market info

Hi Chad

You have did a Homework section on the IRT website which is excellent, so thank you for that.

Referencing Homework 28 you did a study, that if price opened outside of the previous range what the likely hood of the VAH, POC and VAL being touched which provides very useful information, so again thank you for that.

Is it possible to use the same study dynamics, but for when price opens within the previous days range? Say if price open within yesterdays range but above the VAH what the likely hood of the VAH, POC and VAL being touched?

And vice versa if price opens within the previous days range but below the VAL what the likely hood of the VAL, POC and VAH being hit?

Any help would be appreciated

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  #36 (permalink)
 Vendor: www.linnsoft.com 
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Try this chart: https://www.linnsoft.com/charts/openinrangeoutsidevaluestats-es

To summarize, out of 2951 days, 418 days (14%) we opened between previous high and VAH. Of those 418 days , 333 times (80%) we returned to VAH, 210 times (63%) we returned to POC, anb140 times (42%) we returned to VAL.
369 days we opened between previous low and VAL (12.5%). Of those 369 days, 305 times (83%) we returned to VAL, 199 times (65%) we returned to POC, 131 times (43%) we returned to VAH.

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  #37 (permalink)
 Vendor: www.linnsoft.com 
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I think you can get this HAOpen with a 3 period exponential MA of OHLC, and then just use MA.1

and from there, you can get HAClose with...

(OHLC + MA.1 + SMAX(HI, MA.1) + SMIN(LO, MA.1))/4

So in this chart: https://www.linnsoft.com/charts/ha-openclose-modified-es

The blue dots has HAClose and red dots are HAOpen. Let me know if that gives you what you want.

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Last edited by LS Chad; February 19th, 2017 at 10:01 AM.
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  #38 (permalink)
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LS Chad View Post
Try this chart: https://www.linnsoft.com/charts/openinrangeoutsidevaluestats-es

To summarize, out of 2951 days, 418 days (14%) we opened between previous high and VAH. Of those 418 days , 333 times (80%) we returned to VAH, 210 times (63%) we returned to POC, anb140 times (42%) we returned to VAL.
369 days we opened between previous low and VAL (12.5%). Of those 369 days, 305 times (83%) we returned to VAL, 199 times (65%) we returned to POC, 131 times (43%) we returned to VAH.

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Absolutely awesome.... thats helped me hugely

Thanks again

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  #39 (permalink)
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Hi Chad

Too pick your brains and complete the data set .... how is this modified to include opening within yesterdays range and within yesterdays value area, but above and below the POC?

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  #40 (permalink)
 Vendor: www.linnsoft.com 
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Bankrobber View Post
Hi Chad

Too pick your brains and complete the data set .... how is this modified to include opening within yesterdays range and within yesterdays value area, but above and below the POC?

Bankrobber, take a look at this and let me know if it answers your question: https://www.linnsoft.com/comment/221#comment-221

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