Multicharts, Setup, Toby Crabel

September 28th, 2010, 10:54 AM

Has anybody seen setups according to Toby Crabel for Multicharts or wants to join creating some of them?

September 28th, 2010, 11:06 AM

Locust

Has anybody seen setups according to Toby Crabel for Multicharts or wants to join creating some of them?

What setups are you looking for exactly?

Toby Crabel has used statistical analysis for determining the breakout points. How do you want to intergrate this? The values of Toby Crable are obsolete and cannot be used today.

September 28th, 2010, 11:16 AM

Fat Tails

What setups are you looking for exactly?

Toby Crabel has used statistical analysis for determining the breakout points. How do you want to intergrate this? The values of Toby Crable are obsolete and cannot be used today.

According to his book, he had specific bar patterns.
If I recollect right. D1, D2 etc..... which are fairly straight forward.

A few of them still work.
With others, he just gave an idea what to look out for.

I looking to create a test framework for this kind of pattern, not just to duplicate his patterns but to find new ones.

Locust

September 28th, 2010, 11:29 AM

Locust

According to his book, he had specific bar patterns.
If I recollect right. D1, D2 etc..... which are fairly straight forward.

A few of them still work.
With others, he just gave an idea what to look out for.

I looking to create a test framework for this kind of pattern, not just to duplicate his patterns but to find new ones.

Locust

Makes sense. Using NinjaTrader and currently evaluating MultiCharts, might purchase once they come up with a DOM and chart trader.

(1) I have an indicator that plots NR7 and IR4 bars.
(2) I have also worked on indicators to replicate the ACD pattern of Mark Fisher. This also needs statistical analysis, if you want to apply it.
(3) Have coded an indicator that plots opening ranges and pivot ranges.

Will have a look at Toby's book again. Also refresh my knowledge of Mark Fisher's book.

https://www.mbfcc.com

I am also interested in porting the indicators above to MulitCharts.

September 28th, 2010, 01:51 PM

Interested as well, though I'm not up to speed on EL. Not enough hours in the day it seems.

I still use crabel's basics everyday. Mypivots compiles crabel price patterns across a number of instruments.
eg. E-mini S&P500 December 2010

Still very effective on alerting when pressure has been built and trend days are highly probable.

September 29th, 2010, 08:53 AM

Locust

Has anybody seen setups according to Toby Crabel for Multicharts or wants to join creating some of them?

Have you already started to code some of the setups? Do you want to apply them on daily bars or intraday?

September 29th, 2010, 12:35 PM

This seems as good a place to post this:

On the topic of Crabel - CL was NR7 today and I believe yesterday as well. Today's reaction was quite typical.

September 29th, 2010, 01:59 PM

Snoop

This seems as good a place to post this:

On the topic of Crabel - CL was NR7 today and I believe yesterday as well. Today's reaction was quite typical.

Narrow range days for CL in 2010 taken from my chart:

Tuesday, September 28
Monday, September 27
Monday, September 13
Thursday, August 26
Thursday, August 5
Friday, July 23
Friday, July 9
Thursday, July 8
Thursday, June 24
Tuesday, June 22
Thursday, June 17,
Tuesday, June 8
Monday, May 24
Wednesday, May 19
Monday, May3
Friday, April 30
Tuesday, April 6
Tuesday, March 30
Thursday, March 11
Thursday, March 4
Monday, February 22
Wednesday, Feburary 17
Monday, January 25
Thursday, January 14

Makes 6 Mondays, 5 Tuesdays, 2 Wednesdays, 8 Thursdays and 3 Fridays.

This is not astonishing. Wednesday is the news day, so this raises expectations and volatility. Friday has a higher volatility in general for many markets. Mondays are often dull days. Tuesday and Thursday are the days before and after the oil report day. We have an interesting pattern here, which, if confirmed by narrow range bars, can certainly be exploited.

October 1st, 2010, 02:15 PM

Fat Tails

Have you already started to code some of the setups? Do you want to apply them on daily bars or intraday?

I thought to start eod, just as a filter.
Yes I did the Nr�s already, will post on the weekend, when multicharts is not actively trading.

I am still thinking though of taking his patterns to a next level, by trying to find more setups based on his approach.

Locust

Multicharts, Setup, Toby Crabel

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Multicharts, Setup, Toby Crabel