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Rotation / Swing Indicator Similar to FT71?


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Rotation / Swing Indicator Similar to FT71?

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  #41 (permalink)
 amoeba 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
 
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DebayanSen View Post
Okay thank you ! I will wait for your response .Also please let me know if I am using both the indicators properly . Another thing , I find you are using it on range bar . Shall I use it on renko ?

Lastly , I am new to this forum . Please guide me to discussions about rotation studies and strategies if you can . Also let me know how I can make it up to you for this fantastic indicator and serve the purpose of this community in my limited capacity . Thanks a tonne !

Ok, I had actually forgotten how the RotationsNT8v1 was working as I do not actively use it any more, I do use the FractalSwing indicator each week to get the rotation statistics which I use in SierraChart.

So after you run the FractalSwing indicator on a set number of days, use the Mode number to input into the minimum rotation amount which will get the bands to calculate close to the percentile outputs of the FractalSwing calculator.

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  #42 (permalink)
DebayanSen
Kolkata India
 
 
Posts: 29 since Apr 2019
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amoeba View Post
Ok, I had actually forgotten how the RotationsNT8v1 was working as I do not actively use it any more, I do use the FractalSwing indicator each week to get the rotation statistics which I use in SierraChart.

So after you run the FractalSwing indicator on a set number of days, use the Mode number to input into the minimum rotation amount which will get the bands to calculate close to the percentile outputs of the FractalSwing calculator.

Yes ! I am feeding the mode value to the rotation size and percentile values to the 1sd and 2sd . Thank you !

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  #43 (permalink)
DebayanSen
Kolkata India
 
 
Posts: 29 since Apr 2019
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amoeba View Post
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


Just one query . You mention that if mid of a 2sd rotation is hit , there is 48.5%chance of break top and 48.5% chance to hit rotation mid . Which rotation mid are we talking about here? The rotation move's mid is already hit . Are we talking about the mid of the countertrend as shown by the red line ? If so then isn't it a pullback and not necessarily a rotation ?

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  #44 (permalink)
 amoeba 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
 
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Posts: 205 since Jan 2014
Thanks: 98 given, 273 received


DebayanSen View Post
Just one query . You mention that if mid of a 2sd rotation is hit , there is 48.5%chance of break top and 48.5% chance to hit rotation mid . Which rotation mid are we talking about here? The rotation move's mid is already hit . Are we talking about the mid of the countertrend as shown by the red line ? If so then isn't it a pullback and not necessarily a rotation ?

Might have been a typo in the diagram, I think it was supposed to be 48% to hit the 2sd rotation finish, or 48% to hit the 2sd rotation start (after Mid has been tagged). So essentially once mid is tagged there is equal chance* of the top or bottom of the rotation being hit.


* based on historical analysis, past performance not indicative of the future results, etc, etc..

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  #45 (permalink)
DebayanSen
Kolkata India
 
 
Posts: 29 since Apr 2019
Thanks: 0 given, 9 received


amoeba View Post
Might have been a typo in the diagram, I think it was supposed to be 48% to hit the 2sd rotation finish, or 48% to hit the 2sd rotation start (after Mid has been tagged). So essentially once mid is tagged there is equal chance* of the top or bottom of the rotation being hit.


* based on historical analysis, past performance not indicative of the future results, etc, etc..

Thank you !

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  #46 (permalink)
DebayanSen
Kolkata India
 
 
Posts: 29 since Apr 2019
Thanks: 0 given, 9 received


amoeba View Post
Might have been a typo in the diagram, I think it was supposed to be 48% to hit the 2sd rotation finish, or 48% to hit the 2sd rotation start (after Mid has been tagged). So essentially once mid is tagged there is equal chance* of the top or bottom of the rotation being hit.


* based on historical analysis, past performance not indicative of the future results, etc, etc..





Please see the attatchments . I got the 3 minute fractal mode and 1sd and 2sd data . I then made a unirenko chart with the brick size same as the fractal mode and put up the rotation indicator and fed the mode and 1sd and 2sd data. The issue I am facing is that I am getting almost all the signals outside 2sd . Not even 30 minutes in (and it stayed that way throughout the day). It has been the same ever since I have been using this and moreover today was a rangebound day with very narrow range . Is there something wrong that I am doing ?

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  #47 (permalink)
 amoeba 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
 
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Posts: 205 since Jan 2014
Thanks: 98 given, 273 received


DebayanSen View Post


Please see the attatchments . I got the 3 minute fractal mode and 1sd and 2sd data . I then made a unirenko chart with the brick size same as the fractal mode and put up the rotation indicator and fed the mode and 1sd and 2sd data. The issue I am facing is that I am getting almost all the signals outside 2sd . Not even 30 minutes in (and it stayed that way throughout the day). It has been the same ever since I have been using this and moreover today was a rangebound day with very narrow range . Is there something wrong that I am doing ?

Hi @DebayanSen,

Was the tick size 0.05 for the Nifty? the FractalSwing output is in the measurement as the instrument (not ticks), so Mode of 14 would be 280 ticks.

The RotationsNYv1 indicator is in ticks (maybe where the confusion is), so for the MinimumRotationAmount should be closer to 280.

Also, the 1Sd & 2SD need to be percentiles, so 0.7 & 0.9, which would be similar to the FractalSwing output. This might be what is causing you confusion as this indicator attempts to auto calculate the percentile bands for you, rather than you entering them manually like you have.

When I get a change I will make a v2 indicator that allows you to just put that value you want for each band. (so you can input the values from the FractalSwing indicator)

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  #48 (permalink)
 amoeba 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
 
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Posts: 205 since Jan 2014
Thanks: 98 given, 273 received

@DebayanSen

RotationsNT8v2 attached.

This version is different to v1 in that it does not attempt to auto calculate the percentile bands and allows you to just enter values. Also I have made the unit values consistent with the FractalSwing indicator so you do not have to convert to ticks.


Attached Files
Register to download File Type: zip RotationsNT8v2.zip (2.7 KB, 210 views)
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  #49 (permalink)
DebayanSen
Kolkata India
 
 
Posts: 29 since Apr 2019
Thanks: 0 given, 9 received


amoeba View Post
@DebayanSen

RotationsNT8v2 attached.

This version is different to v1 in that it does not attempt to auto calculate the percentile bands and allows you to just enter values. Also I have made the unit values consistent with the FractalSwing indicator so you do not have to convert to ticks.


Thank you for being so patient with me ! So I am using the 1 minute information only . Feeding the fractals info to rotation study as it is . Say the mode is 8 points and tick size is 0.05 . SO ,Using a renko chart of the brick size 160 to get an even brick of 8 points . The chart looks normal now . Thank you !

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  #50 (permalink)
 amoeba 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
 
amoeba's Avatar
 
Posts: 205 since Jan 2014
Thanks: 98 given, 273 received



DebayanSen View Post
Thank you for being so patient with me ! So I am using the 1 minute information only . Feeding the fractals info to rotation study as it is . Say the mode is 8 points and tick size is 0.05 . SO ,Using a renko chart of the brick size 160 to get an even brick of 8 points . The chart looks normal now . Thank you !

You can also use a smaller brick size & just leave the MinRotationSize=8, this should give the same result but with better resolution, depends on your preference

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