Questions about IRT studies - futures io
futures io futures trading



Questions about IRT studies


Discussion in Platforms and Indicators

Updated by Keab
      Top Posters
    1. looks_one LS Chad with 24 posts (13 thanks)
    2. looks_two Alphachase with 18 posts (0 thanks)
    3. looks_3 Bankrobber with 7 posts (3 thanks)
    4. looks_4 Keab with 3 posts (0 thanks)
    1. trending_up 11,239 views
    2. thumb_up 16 thanks given
    3. group 8 followers
    1. forum 51 replies
    2. attach_file 14 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Questions about IRT studies

(login for full post details)
  #31 (permalink)
Nicosia, Cyprus
 
 
Posts: 191 since Dec 2013
Thanks: 28 given, 106 received


LS Chad View Post
OK, the Vervoort is available now as an RTX Extension and can be downloaded from https://www.linnsoft.com/techind/vervoort
Alpha, thanks for working with me on this and let me know if anyone has a problem with the indicator.

Chad

Hi Chad, thank you very much for great job! The indicator works precisely as it should.

Brief question - how to make SETTLE calling a real settlement price and not a previous close price?

Reply With Quote

Can you help answer these questions
from other members on futures io?
Calendar Spread on Weekly Options
The Elite Circle
FYI plot bug & workaround: changing color or width is delayed 1 bar
EasyLanguage Programming
TOS Custom Implied Volatility Rank Watchlist/Scanner Column
ThinkOrSwim
Too many brokers?
Traders Hideout
Scan by comparing SMAs within 5 mins
ThinkOrSwim
 
 
(login for full post details)
  #32 (permalink)
Milton, GA
 
Experience: Intermediate
Platform: Investor/RT, MarketDelta
Broker: DTN IQFeed
Trading: ES
 
LS Chad's Avatar
 
Posts: 165 since Apr 2010
Thanks: 2 given, 142 received


Alphachase View Post
Hi Chad, thank you very much for great job! The indicator works precisely as it should.

Brief question - how to make SETTLE calling a real settlement price and not a previous close price?

What data feed are you using to feed IRT?

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #33 (permalink)
Nicosia, Cyprus
 
 
Posts: 191 since Dec 2013
Thanks: 28 given, 106 received


Right now Rithmic thru MDT + DTNMA

Upd.
Well, with direct Rithmic connection SETTLE calls a settlement price correctly.

Reply With Quote
 
(login for full post details)
  #34 (permalink)
Milton, GA
 
Experience: Intermediate
Platform: Investor/RT, MarketDelta
Broker: DTN IQFeed
Trading: ES
 
LS Chad's Avatar
 
Posts: 165 since Apr 2010
Thanks: 2 given, 142 received

OK, so directly connection from IRT to Rithmic gives proper settlement but IRT to MDT (Rithmic) does not. I communicated this to MD and they're looking into it now. Thanks.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #35 (permalink)
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 57 since Mar 2010
Thanks: 15 given, 21 received

Hi Chad

You have did a Homework section on the IRT website which is excellent, so thank you for that.

Referencing Homework 28 you did a study, that if price opened outside of the previous range what the likely hood of the VAH, POC and VAL being touched which provides very useful information, so again thank you for that.

Is it possible to use the same study dynamics, but for when price opens within the previous days range? Say if price open within yesterdays range but above the VAH what the likely hood of the VAH, POC and VAL being touched?

And vice versa if price opens within the previous days range but below the VAL what the likely hood of the VAL, POC and VAH being hit?

Any help would be appreciated

Reply With Quote
The following user says Thank You to Bankrobber for this post:
 
(login for full post details)
  #36 (permalink)
Milton, GA
 
Experience: Intermediate
Platform: Investor/RT, MarketDelta
Broker: DTN IQFeed
Trading: ES
 
LS Chad's Avatar
 
Posts: 165 since Apr 2010
Thanks: 2 given, 142 received

Try this chart: https://www.linnsoft.com/charts/openinrangeoutsidevaluestats-es

To summarize, out of 2951 days, 418 days (14%) we opened between previous high and VAH. Of those 418 days , 333 times (80%) we returned to VAH, 210 times (63%) we returned to POC, anb140 times (42%) we returned to VAL.
369 days we opened between previous low and VAL (12.5%). Of those 369 days, 305 times (83%) we returned to VAL, 199 times (65%) we returned to POC, 131 times (43%) we returned to VAH.


Follow me on Twitter Reply With Quote
The following 5 users say Thank You to LS Chad for this post:
 
(login for full post details)
  #37 (permalink)
Milton, GA
 
Experience: Intermediate
Platform: Investor/RT, MarketDelta
Broker: DTN IQFeed
Trading: ES
 
LS Chad's Avatar
 
Posts: 165 since Apr 2010
Thanks: 2 given, 142 received

I think you can get this HAOpen with a 3 period exponential MA of OHLC, and then just use MA.1

and from there, you can get HAClose with...

(OHLC + MA.1 + SMAX(HI, MA.1) + SMIN(LO, MA.1))/4

So in this chart: https://www.linnsoft.com/charts/ha-openclose-modified-es

The blue dots has HAClose and red dots are HAOpen. Let me know if that gives you what you want.


Follow me on Twitter Reply With Quote
The following user says Thank You to LS Chad for this post:
 
(login for full post details)
  #38 (permalink)
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 57 since Mar 2010
Thanks: 15 given, 21 received


LS Chad View Post
Try this chart: https://www.linnsoft.com/charts/openinrangeoutsidevaluestats-es

To summarize, out of 2951 days, 418 days (14%) we opened between previous high and VAH. Of those 418 days , 333 times (80%) we returned to VAH, 210 times (63%) we returned to POC, anb140 times (42%) we returned to VAL.
369 days we opened between previous low and VAL (12.5%). Of those 369 days, 305 times (83%) we returned to VAL, 199 times (65%) we returned to POC, 131 times (43%) we returned to VAH.


Absolutely awesome.... thats helped me hugely

Thanks again

Reply With Quote
The following user says Thank You to Bankrobber for this post:
 
(login for full post details)
  #39 (permalink)
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 57 since Mar 2010
Thanks: 15 given, 21 received

Hi Chad

Too pick your brains and complete the data set .... how is this modified to include opening within yesterdays range and within yesterdays value area, but above and below the POC?

Reply With Quote
The following user says Thank You to Bankrobber for this post:
 
(login for full post details)
  #40 (permalink)
Milton, GA
 
Experience: Intermediate
Platform: Investor/RT, MarketDelta
Broker: DTN IQFeed
Trading: ES
 
LS Chad's Avatar
 
Posts: 165 since Apr 2010
Thanks: 2 given, 142 received



Bankrobber View Post
Hi Chad

Too pick your brains and complete the data set .... how is this modified to include opening within yesterdays range and within yesterdays value area, but above and below the POC?

Bankrobber, take a look at this and let me know if it answers your question: https://www.linnsoft.com/comment/221#comment-221


Follow me on Twitter Reply With Quote
The following 3 users say Thank You to LS Chad for this post:


futures io Trading Community Platforms and Indicators > Questions about IRT studies


April 21, 2017


Upcoming Webinars and Events
 

Relative Rotation Graphs w/Julius de Kempenaer

Elite only
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 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