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Rotation / Swing Indicator Similar to FT71?


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Rotation / Swing Indicator Similar to FT71?

  #11 (permalink)
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
 
amoeba's Avatar
 
Posts: 194 since Jan 2014
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wilson619 View Post
How do you use this information in your trading if I may ask?

Wilson

Sure, happy to share.

Rotations that exceed the 2SD are worth attention, usually representing a shift in the market balance or perspective. Especially if one lines up with a key area of interest you might have marked.

There are some stats which I put together which I also use to assist in entry position, depending on what the larger context of the trade is (if I am looking to go with or fade a 2SD rotation)

Here are some stats (based of last 3yrs of ES RTH, minimum 4t rotation calculation);



Using something like Jigsaw or Bookmap might assist in seeing areas where pull-backs may start to form.

Once a rotation pulls back gets to its mid, it has really become 50/50 so you have to decide what your risk is, or have already build a position via scale in/outs.

For Rotations over 1SD (but under 2SD) there is a high probability (70%) that they will hit their mid, but only 5% of trades reach 2SD so there is an edge in being skilled in catching the turning point of a 1SD rotation back to its mid.

I don't just blindly trade the rotations though, I wait for an area of interest then use these rotational probabilities to build a position (small scale in/out) to buy time and see if it plays out in my favour, goal being to move the risk point further away.

Hope that might give some ideas

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  #12 (permalink)
San Diego, CA
 
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@amoeba

Thanks you for sharing, this is quite interesting. But, isn't this expressing the same information as plotting volatility/ATR bands on the price panel? Please forgive my ignorance here. Also wouldn't the rotations be different for each periodicity and therefore meaningful only to the periodicity which you are trading?
Wilson

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  #13 (permalink)
Sydney, NSW, Australia
 
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wilson619 View Post
Thanks you for sharing, this is quite interesting. But, isn't this expressing the same information as plotting volatility/ATR bands on the price panel? Please forgive my ignorance here. Also wouldn't the rotations be different for each periodicity and therefore meaningful only to the periodicity which you are trading?
Wilson

I haven't done any analysis around ATR so I'm not too sure what its outcomes would be. You could possibly do a statistical study on individual ATR shifts and calculate a distribution to see what constitutes large single ATR moves.

I suppose the difference is this would be a derivative function of price where the rotations are a direct function of price movement.

The indicator attached to this thread is optimally used with tick based charts like renko, as time based bars can contain multiple rotations inside them which would get lost.

For time based bars, the same concept but applied through fractal rotations would be better, I have not made an indicator for this but from other studies the statistical outcomes would be the same.

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  #14 (permalink)
San Francisco Ca/USA
 
 
Posts: 4 since Jan 2018
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study for ninjatrader 8

Thanks Amoeba, your rotation study is great!
Do you happen to have it for Ninja 8?
Would you also happen to have any indicators that would help a Ninja Trader chart look more like FT71. i.e. printing the rotation size and price below the candle on the chart.

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  #15 (permalink)
Sydney, NSW, Australia
 
Experience: Intermediate
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Semifaded View Post
Thanks Amoeba, your rotation study is great!
Do you happen to have it for Ninja 8?
Would you also happen to have any indicators that would help a Ninja Trader chart look more like FT71. i.e. printing the rotation size and price below the candle on the chart.

Glad you have liked it

NT8 version is something on my list, just time poor at the moment & my primary platform has been SierraChart for a couple years now. I do still use NT for analysis though.

As for the printing rotation size, there is a great indicator already around called PriceActionSwing - have a search for that, I believe they have an NT8 version available too.

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  #16 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
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Posts: 522 since Apr 2012

@amoeba

Great Contribution.... hope you come to realize the rotation indicator for NT8...which will serve tremendously!!

Thank you!

JD


amoeba View Post
Glad you have liked it

NT8 version is something on my list, just time poor at the moment & my primary platform has been SierraChart for a couple years now. I do still use NT for analysis though.

As for the printing rotation size, there is a great indicator already around called PriceActionSwing - have a search for that, I believe they have an NT8 version available too.


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  #17 (permalink)
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JDNeeman View Post
@amoeba

Great Contribution.... hope you come to realize the rotation indicator for NT8...which will serve tremendously!!

Thank you!

JD

I have started using NT8 more so I will make an updated version

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  #18 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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Broker: GlobalFutures/AMPClearing
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

@amoeba

That is just great news!!!!!....I will be patient but eager to try it out!!! thank you again!!!

Regards
JD





amoeba View Post
I have started using NT8 more so I will make an updated version


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  #19 (permalink)
Sydney, NSW, Australia
 
Experience: Intermediate
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Trading: MJNK, ASX, SPI
 
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Posts: 194 since Jan 2014
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JDNeeman View Post
@amoeba

That is just great news!!!!!....I will be patient but eager to try it out!!! thank you again!!!

Regards
JD

Hi @JDNeeman,

Here is a first release for NT8, I have only given it a quick test in historical charts + a little bit of market replay, so if you have time please give it a good check.

Cheers!

Attached Files
Register to download File Type: zip RotationsNT8v1.zip (3.4 KB, 144 views)
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  #20 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012


@amoeba great!!!!!!! I will take a look today in the trading session. Thank you. Iíll let you know how it goes!!!
Awesome!!

Thank you
Cheers
JD



amoeba View Post
Hi @JDNeeman,

Here is a first release for NT8, I have only given it a quick test in historical charts + a little bit of market replay, so if you have time please give it a good check.

Cheers!


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