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 11,201 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)
  #41 (permalink)
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 57 since Mar 2010
Thanks: 15 given, 21 received

Perfect.... many thanks

Reply With Quote

Can you help answer these questions
from other members on futures io?
Volume Chart Trend Lines
TradeStation
TOS script help - crossover with alerts - help please?
ThinkOrSwim
StopLoss order canceled on every bar open
MultiCharts
Chart text fixed and move with time
NinjaTrader
Setting up an alert on a Gartley study
Traders Hideout
 
 
(login for full post details)
  #42 (permalink)
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 57 since Mar 2010
Thanks: 15 given, 21 received


Bankrobber View Post
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

Hi Chad

These statistics give an amazing insight to probabilities of price movement. If i could ask for one more study (ive been trying for last 4hours to program this :-/). Referencing Homework 28.

If price opens above and below the previous days range, and enters yesterdays range what would be the percentage chance for a continuation to the VAH or VAL of yeserday

Reply With Quote
 
(login for full post details)
  #43 (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

These statistics give an amazing insight to probabilities of price movement. If i could ask for one more study (ive been trying for last 4hours to program this :-/). Referencing Homework 28.

If price opens above and below the previous days range, and enters yesterdays range what would be the percentage chance for a continuation to the VAH or VAL of yeserday

Well, price can't open above and below prev range . But I assume you mean, if price opens above prev range, and moves inside range, what are odds it moves to VAL? And if it opens below range, and moves inside, what are odds it moves to VAH?

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #44 (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


LS Chad View Post
Well, price can't open above and below prev range . But I assume you mean, if price opens above prev range, and moves inside range, what are odds it moves to VAL? And if it opens below range, and moves inside, what are odds it moves to VAH?

Let's start with this one then I'll hit the other side if this is what you're after: https://www.linnsoft.com/charts/hw-openabovemoveva-es

In the bottom pane, it tells us we were studying 2904 days. Of those days, 622 opened above prev range (21.4%). Of those 622 days, 409 price moved back inside range (65.8%). Of those 409 days, 127 times it moved back to VAL (31.1%). So almost 1/3 of the time you can expect a continuation to VAL when we enter range after opening above.


Follow me on Twitter Reply With Quote
 
(login for full post details)
  #45 (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


LS Chad View Post
Let's start with this one then I'll hit the other side if this is what you're after: https://www.linnsoft.com/charts/hw-openabovemoveva-es

In the bottom pane, it tells us we were studying 2904 days. Of those days, 622 opened above prev range (21.4%). Of those 622 days, 409 price moved back inside range (65.8%). Of those 409 days, 127 times it moved back to VAL (31.1%). So almost 1/3 of the time you can expect a continuation to VAL when we enter range after opening above.

I went ahead and added the other side: https://www.linnsoft.com/charts/hw-openabovemoveva-es


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


LS Chad View Post
Let's start with this one then I'll hit the other side if this is what you're after: https://www.linnsoft.com/charts/hw-openabovemoveva-es

In the bottom pane, it tells us we were studying 2904 days. Of those days, 622 opened above prev range (21.4%). Of those 622 days, 409 price moved back inside range (65.8%). Of those 409 days, 127 times it moved back to VAL (31.1%). So almost 1/3 of the time you can expect a continuation to VAL when we enter range after opening above.


Hi Chad

Thankyou again for your help with this. I was actually looking for was

1) if price opens above the previous range and then enters the range what the percentage
chance of the VAH being hit.

2) If price opens below the previous range and then enters the range what the percentage
chance of the VAL being hit.

Hopefully this isnt to much of a modification, but thanks again

Reply With Quote
 
(login for full post details)
  #47 (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

Thankyou again for your help with this. I was actually looking for was

1) if price opens above the previous range and then enters the range what the percentage
chance of the VAH being hit.

2) If price opens below the previous range and then enters the range what the percentage
chance of the VAL being hit.

Hopefully this isnt to much of a modification, but thanks again

Sure. I think this should answer all the above: https://www.linnsoft.com/charts/hw-openoutsidemoveva-es

Basically looking at about a 75% chance of price continuing to the nearest of VAH/VAL when price opens outside range and moves inside.


Follow me on Twitter Reply With Quote
The following 3 users say Thank You to LS Chad for this post:
 
(login for full post details)
  #48 (permalink)
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 57 since Mar 2010
Thanks: 15 given, 21 received


LS Chad View Post
Sure. I think this should answer all the above: https://www.linnsoft.com/charts/hw-openoutsidemoveva-es

Basically looking at about a 75% chance of price continuing to the nearest of VAH/VAL when price opens outside range and moves inside.


Thankyou so much

Reply With Quote
 
(login for full post details)
  #49 (permalink)
London UK
 
Experience: Intermediate
Platform: SierraChart/TT/Numbersbar
Broker: LCT/Iq Feed
Trading: SandP futures
 
Posts: 379 since Jul 2013
Thanks: 47 given, 191 received

Hi Chad,
Not specifically indicator related, but I was wondering if there ware any plans to try to increase the amount which a user can zoom out to see more prices. I also use prorealtime, and I can zoom out a long way to show a lot of prices very scrunched up which is lacking in IRT. It really helps me get an idea of price action to see prices scrunched together so much, and I really miss this functionality when looking at futures charts. Is there any way that this can be done, and if so, is there any way that the zoom out/zoom in feature can be done in a smooth more user controlled manner, because at the moment the zoom in/out function works in big preset blocks.

thanks for any updates

Reply With Quote
 
(login for full post details)
  #50 (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



Keab View Post
Hi Chad,
Not specifically indicator related, but I was wondering if there ware any plans to try to increase the amount which a user can zoom out to see more prices. I also use prorealtime, and I can zoom out a long way to show a lot of prices very scrunched up which is lacking in IRT. It really helps me get an idea of price action to see prices scrunched together so much, and I really miss this functionality when looking at futures charts. Is there any way that this can be done, and if so, is there any way that the zoom out/zoom in feature can be done in a smooth more user controlled manner, because at the moment the zoom in/out function works in big preset blocks.

thanks for any updates

How are you zooming in/out. Should just be using the scrollwheel on mouse to do so (and probably are). But this simply changes the pixel width of each bar. And once it gets down to 1 pixels per bar, it can go no further. To get more data into the visible chart at that point, you'd need to change periodicity (change 1min to 5min, etc). So I suspect what the other program is doing.....once it gets down to 1 pixel per bar, it starts drawing 2 bars on top of each other on a single pixel, then 3, then 4, etc. Is that what it looks like? Would probably be a pretty significant piece of work for us to enable such a possibility but I'll do some thinking on this.

Follow me on Twitter Reply With Quote


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


April 21, 2017


Upcoming Webinars and Events
 

Introducing Edge Pools: Prop Pricing Model w/Edge Clear

Jul 9
 

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