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Cory's VolumeStop for Sierra Chart?


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Cory's VolumeStop for Sierra Chart?

  #11 (permalink)
 
greenroomhoo's Avatar
 greenroomhoo 
annapolis USA
 
Experience: Intermediate
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Cory - my ninja is weak.

what does the "||" operator represent?
is "Math.Abs()" just regular old Absolute Value?

think i understand the rest of it. Ill probably do it in easylanguage while i am at it...unless someone else already has?

incidentally cory - are you really in Fairfax? I grew up there.

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  #12 (permalink)
 
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 Big Mike 
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greenroomhoo View Post
Cory - my ninja is weak.

what does the "||" operator represent?
is "Math.Abs()" just regular old Absolute Value?

think i understand the rest of it. Ill probably do it in easylanguage while i am at it...unless someone else already has?

incidentally cory - are you really in Fairfax? I grew up there.

|| = or
Math.Abs is an absolute value

Mike

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  #13 (permalink)
 ejtrader 
Portland, OR
 
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if time permits - Would provide an ACSIL based solution for this.

Thanks

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  #14 (permalink)
 
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 cory 
virginia
 
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greenroomhoo View Post
Cory - my ninja is weak.

what does the "||" operator represent?
is "Math.Abs()" just regular old Absolute Value?

think i understand the rest of it. Ill probably do it in easylanguage while i am at it...unless someone else already has?

incidentally cory - are you really in Fairfax? I grew up there.

yes, I am in FF. && = and [0]= current bar, [1] = 1 bar back, [2] = 2 bar back.

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  #15 (permalink)
 ejtrader 
Portland, OR
 
Experience: Intermediate
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Trading: ES
Posts: 269 since Jan 2011
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Attached is the initial ACSIL Version for the Cory's Volume indicator..

Conditions are pulled from #10 -

Comments Welcome

PS: Please note that this is just a base release and Once the functionality aspect is confirmed - Can provide the configurable inputs ( color/offset values etc) or any other changes needed.

Attached Thumbnails
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Name:	CoryVolume.png
Views:	398
Size:	3.5 KB
ID:	102704  
Attached Files
Elite Membership required to download: CoryVolume.cpp
Elite Membership required to download: CoryVolume.dll
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  #16 (permalink)
 jproux 
Pretoria, South Africa
 
Experience: Beginner
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Broker: CTS
Trading: BackTesting This
Posts: 47 since Sep 2016
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Hi, I would like to know if anyone is having success with this indicator? The methodology makes sense but when I backtest it, the results are quite poor. I entered the criteria in SC spreadsheet study and used the criteria as stipulated by Cory:

// draw triangle up
// 3 bars -volume slope up but price slope down with the last white candle
if (Volume[0] >= Volume[1] && Volume[1] >= Volume[2] &&
( High[0] - Low[0] < High[1] - Low[1] || Math.Abs(Open[0] - Close[0])< Math.Abs(Open[1] - Close[1]))
&&
Low[0] <= Low[1] &&
Low[1] <= Low[2] &&
Close[0] >= Open[0] )

// draw triangle down
// 3 bars -volume slope up and price slope up with the last black candle
if (Volume[0] >= Volume[1] && Volume[1] >= Volume[2] &&
( High[0] - Low[0]< High[1] - Low[1] ||
Math.Abs(Open[0] - Close[0])< Math.Abs(Open[1] - Close[1]))
&&
High[0] >= High[1] &&
High[1] >= High[2] &&
Close[0] < Open[0] )

I tested on a 3 min chart and overlaid the 9 & 5MA of the 10000 tick chart to get medium term direction. I tested this on the NQ. So when the 10k Tick 5 MA is above 9 MA, I'll only take longs when a signal is fired and when 5 MA is below 9 MA I'll only take shorts when signals are fired. I only enter during RTH.

I did not bother with the s/r lines.

I attach my chart, spreadsheet and screenshot of the backtest. I can't say that this is a strategy that shows results? Unless I'm way off and missing something big. Any comments, recommendations or advice would be welcomed.

PS - This is no criticism against Cory or his work. He is obviously highly valued and respected in this community. I'm merely sharing data and wish to know whether this is a strategy I wish to add to my methodologies.

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Name:	Corys Vol Div.PNG
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Size:	34.3 KB
ID:	249392  
Attached Files
Elite Membership required to download: Corys Vol Div.txt
Elite Membership required to download: NQ_Cory_Vol_Div_Test.cht
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