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Proprietary Indicators: TLA


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Proprietary Indicators: TLA

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  #1 (permalink)
 
 
Posts: 1,176 since Nov 2009

I am an avid supporter and user of tradevec, I personally believe that it is one of the most affordable platforms out there that allow you to focus on trading vs. writing custom indi's, etc..

I wanted to share some of the proprietary indicators and bars that I use within the platform... please note that by sharing, I dont mean I can give you source as they dont belong to me, but I can certainly share on their existence and my own experience.

I use them to aid on my own personal trading across the board, both options short-term trading and my day trading with futures. They are not a method, and I dont care to discuss my method of trading; I am merely sharing some of the tools I use and you can either gather some use from it and find your own way to apply it or ignore them and move on... The tools have have helped me on my trading anyhow.. that does not mean they will help you as well... so take that disclaimer to heart... in any event, here it goes..

the first one is TLA, for Transaction Level Analysis... it is a Moving Average Type of indicator that will work on price and volume and will be overlaid in top of price, or its own separate region... it can be used many different ways, even to the extent of following it blindly with proper money and risk management in place. I use it as a reminder of bias or directionality when approaching levels and to help me stay longer in a trade if I am doing options..

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Posts: 1,176 since Nov 2009

the best way to know if something works, is to compare it to what others out there use generally.. in this case to other Moving Average Types.. I picked the most common ones... EMA, TMA and WMA.. all with a 9 Period on NQ.. I like NQ sometimes, less risk and one can stay on trades longer without concern given the low point value and reasonable D-ATR.. of course, that is based on my risk management, for others it might be different.

I wanted to show the responsiveness and accurancy with regards to the change in direction as to the TLA vs. E/T/WMA's.. TLA changes color, while normally for E/T/WMA one would use a faster and a small or go by the slope...

I should mention that personally, I go by the slope as well... that is how I try to keep out of chop...

the colors for the MA are as follows:

TLA = Magenta/Red (changes color Up=Magenta, Down=Red)
TMA = Green
WMA = Purple
EMA = Yellow

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Posts: 1,176 since Nov 2009


here is the chart for NQ 9 period TLA/EMA/TMA/WMA on 1500 ticks bars.. as I said, one could trade the TLA by itself setting the stop to be the prior HH or LL, depending on the direction of the trade... I would not recommend it with a fast moving instrument like FDAX or CL... you will get killed very quickly and find yourself hitting reverse a lot.

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Posts: 1,176 since Nov 2009

I prefer 6m bar for intraday trading if I am trading time based bars...but I know most people look at 5m, so I went with 5m for the example.

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Posts: 1,176 since Nov 2009

some people use 3750, others 3550, others who knows what... but many like Volume Based bars...

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Posts: 1,176 since Nov 2009

some traders like momentum bars... I used them a while back on the tradestation platform... this is on a 1.25 range mom bar..

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Posts: 1,176 since Nov 2009

some like Renko bars, there are lots of variations of Renko on this forum... this one is on a 1.25 range renko bar..

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Posts: 1,176 since Nov 2009

This bars are only available within TradeVec... Midrange and Reverse... these are the bars I use for my own personal trading combined with TLA and my own Pivots, etc. dictating the S/R areas that I care to trade.. I will do a separate thread talking about those bar types and comparing them to others... this is for both bar types on a 1.25 range...

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I like the looks of TradeVec. I invited them to do a webinar so we could get some questions answered, but they postponed for now... they are wanting the product to be further along before raising awareness too much (I guess?)...

Mike

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Posts: 1,176 since Nov 2009



Big Mike View Post
I like the looks of TradeVec. I invited them to do a webinar so we could get some questions answered, but they postponed for now... they are wanting the product to be further along before raising awareness too much (I guess?)...

Mike

IMO... I think they also have a different approach to their marketing... they are more after partnering with FCM's than trying to persuade the retail sector by the 1000's... product longevity is all about strategic marketing and partnerships... you dont see CQG/TT targetting the retail too much, they survive because they partnered with FCM's, Exchanges, Universities, etc...

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