Richard's VirtualBars - NinjaTrader | futures io social day trading
futures io futures trading


Richard's VirtualBars
Updated: Views / Replies:6,446 / 23
Created: by Big Mike Attachments:8

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 8  
 
Thread Tools Search this Thread
 

Richard's VirtualBars

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received

Richard's VirtualBars

Richard from MoveTheMarkets has created a nice indicator that may benefit a lot of people trying to incorporate MTF into a minimalist screen/chart view.


Richard
Every so often, people ask me about an indicator that will make virtual large bars on top of their faster trading bars. The idea is to be able to visualize the larger-scale context without resorting to a second chart. In the spirit of the upcoming US Thanksgiving holiday, I made one today for ninja. And, I kinda like it!

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


More info and the indicator itself:
Virtual Bars Indicator|Move the Markets

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 18 users say Thank You to Big Mike for this post:
 
  #2 (permalink)
Elite Member
Perdido Beach, AL
 
Futures Experience: Intermediate
Platform: graph paper
Favorite Futures: Guitar
 
websouth's Avatar
 
Posts: 1,150 since Jul 2009
Thanks: 1,094 given, 1,299 received

you beat me to this post because obviously you don't sleep... He has one of the few blogs I read.

This is was gonna be my request in the "request an indicator thread". Richard did an excellent job on this one.

Kinda hard to get on the wrong side of this...
a 5 minute nested inside 60min

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #3 (permalink)
Trading for Fun
Dallas TX/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 33 given, 281 received


Thanks, I'm glad you like it. Overriding the plot() method makes me feel like sometimes, but I think it turned out well.

Reply With Quote
The following user says Thank You to Richard for this post:
 
  #4 (permalink)
Member
USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES
 
Jugador's Avatar
 
Posts: 163 since Jul 2009
Thanks: 67 given, 51 received

Very kind of you Sir...much appreciated.

I'm having a little problem, tho. For some reason the 30 min blocks don't start until 9:30, but as you can see from the screenie, I have it set at 8:30.

Attached Thumbnails
Richard's VirtualBars-virtual.jpg  
Reply With Quote
 
  #5 (permalink)
Trading for Fun
Dallas TX/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 33 given, 281 received


Jugador View Post
Very kind of you Sir...much appreciated.

I'm having a little problem, tho. For some reason the 30 min blocks don't start until 9:30, but as you can see from the screenie, I have it set at 8:30.

Hard to tell from your screenshot, but it doesn't look like you have much data on your chart, right? All indicators need a few bars to start up and get oriented. See attached with one of my charts scrolled all the way to the left, for example. To start at 8:30, it would have to "see" bars before 8:30, and then notice that 8:30 had passed.

Also note that 8:30 isn't a starting point as much as it is a synchronization point... in other words, say for some reason you want bars every 37 minutes. That's fine, but you also want a fresh bar at the NYC open every day, so you cut off the bars and start fresh every time 8:30 central rolls around. It also helps when gappy data gets the algorithm confused... at least at the next session the bars will right themselves again.

Attached Thumbnails
Richard's VirtualBars-es-12-09-11_18_2009-sbsrenko-3-ticks-.jpg  
Reply With Quote
The following user says Thank You to Richard for this post:
 
  #6 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,220 since Jun 2009
Thanks: 628 given, 6,318 received
Forum Reputation: Legendary

Richard, can you make the open of the first virtual bar synchronized with the close of the last bar of the previous session. A no gap chart is what I am after.

Reply With Quote
 
  #7 (permalink)
Trading for Fun
Dallas TX/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 33 given, 281 received


cory View Post
Richard, can you make the open of the first virtual bar synchronized with the close of the last bar of the previous session. A no gap chart is what I am after.

Thanks for the suggestion. Ok here's a version with a gapless setting you can set to true if you like. If true, it will set the open of a new session's first bar equal to the previous closing bar (screenshot attached).

This version also has a few bug-fixes on the timing as well for people that only watch day sessions (and hopefully I didn't introduce any bugs in the process!), so in general if you like this indicator it's probably best to upgrade.

http://www.movethemarkets.com/blog/wp-content/uploads/2009/11/vbars4.zip

Attached Thumbnails
Richard's VirtualBars-gaplesstrue.jpg  
Reply With Quote
The following 6 users say Thank You to Richard for this post:
 
  #8 (permalink)
Member
USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES
 
Jugador's Avatar
 
Posts: 163 since Jul 2009
Thanks: 67 given, 51 received


Richard View Post

This version also has a few bug-fixes on the timing as well for people that only watch day sessions

Thanks...now it starts with the opening. Now, I just need to figure out what it all means!

Attached Thumbnails
Richard's VirtualBars-virtua02.png  
Reply With Quote
 
  #9 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,220 since Jun 2009
Thanks: 628 given, 6,318 received
Forum Reputation: Legendary

this is what I have in mind;
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #10 (permalink)
Trading for Fun
Dallas TX/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 33 given, 281 received



cory View Post
this is what I have in mind

ooohhh... I see what you mean now. Well, you could track an offset that you'd apply to all the subsequent bars, and modify the offset each session... and then adjust the plot mechanism so that it scales the visible range to plot on-screen at all times... but at that point the virtual bars and the real ones could be at very different prices (especially if your chart has several days of data on it, with several gaps to adjust away). I'd be willing to help anyone that wanted to undertake that change if they get stuck, but it's beyond the scope of what I'm trying to accomplish.

Reply With Quote

Reply



futures io > > > > Richard's VirtualBars

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Richard Koo Demolishes Bernanke's QE2 "Gamble" kbit News and Current Events 1 May 18th, 2011 04:54 PM


All times are GMT -4. The time now is 10:39 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.13 seconds with 20 queries on phoenix via your IP 54.227.51.103