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Standard Deviation Moves
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Created: by WilleeMac Attachments:2

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Standard Deviation Moves

  #11 (permalink)
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Something else to look and see if any info can be gleaned above and beyond volume change

Look at Ask/ Bid delta SG23

You have to understand how that number is derived. Go to SG8 and 9 when referencing 23. SG8 is exactly what it says; the maximum ask & bid difference. After the bar is closed and MaxABdiff is 115, it is just that. Looking further into this, volume change was 101 and ABdiff was 122. In this particular case a new high was not made. /CL M1 0418amET today. Now I'm watching to see if that doji spike holds.

Always looking for ways to improve things - you can always teach a dog new tricks.

-William

EDIT

One of the reasons I'm posting things like this is the SC thread here at futures.io (formerly BMT) lacks luster esp for a charting system as powerful as it is internally and not externally

EDIT2

Take a gander at SG34

EDIT 3

A bunch of info can be pulled from the Numbers Bars and placed on a regular candlestick chart with out chewing away real estate as does the numbers bars study (numbers bars and numbers bars calculated values.)


Last edited by WilleeMac; July 7th, 2015 at 05:36 AM.
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  #12 (permalink)
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As I dig through the SC Numbers Bars Calculated Values study for enhancements to standard deviation moves, I've located a very important piece of information which I can't find discussed much here lately (very little on SC forum.)

ID 37 and 38. COT Delta.

When using the Numbers Bars Study it is towards the bottom of settings box "Show Historical Pullback/COT AskVolume BidVolume Difference."

Back to CalcVals, use the ID as an alert indicator for "Color Bar Based on..."

In Chart Setting you must have Historical Pullback Data set to COT or Pullback

In a nutshell negative number at the top is sellers and positive number at the bottom is buyers. The calculation is of these numbers is somewhat complicated but it works, trust it.

Very powerful price action information

-William

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  #13 (permalink)
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William,

That's definitely interesting.

I've tried to distill my calc values to:

Delta
Change in Delta
Bar Finish

Your two of the COT high and low Pullbacks could be more insightful than Bar Finish since Bar Finish does not reflect the level of interest right at the low or high of the numbers bar

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  #14 (permalink)
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@hoolio,

If you want to put Numbers Bars Calculated Values on a standard bar chart, you can use "Study Subgraphs Reference" study. Then in the tabs of that study use appropriate settings and inputs, subgraphs value on high, value on low

In this case I'm using

ID5 is NumBarCalcVal

ID5.SG37, Value on high, green
ID5.SG38, Value on Low, red

I like the Numbers Bars Study but they take up too much real estate

Since the above study subgraphs won't let you use on offset of ticks on high or low, for other reference to CalcVals you could use color bar based on alert condition

-William


Last edited by WilleeMac; July 21st, 2015 at 05:22 AM. Reason: sp, clarify
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  #15 (permalink)
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Hi William,

Not sure I follow on that one.

Do you have to put the Numbers Bar study on the same chart and hide it first ?

Also, what will value on high, low show ?

I use SG37 and SG38 on a range chart and find it is meaningful there.

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Yes you will need a copy of NBCV and check hide unless you want to see subgraphs.

Load "Study Subgraphs Reference"

NBCV is ID5 in this exmple

Settings and Inputs Tab

InputStudy 1 ID5.SG37
InputStudy 2 ID5.SG38

Subgraphs Tab

Choose Color(s)
Subgraph 1 Draw Style, Value on High
Subgraph 2 Draw Style, Value on Low

Whatever the value is in SG 37, 38 will now be on high or low of bar

-William

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  #17 (permalink)
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Standard Deviation with COT Delta on M1 bars

-William

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  #18 (permalink)
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I'm trying to get info based on

Standard deviations
NBCV

As I've pointed out the Numbers Bars and Numbers Bars Calculated Values Study(s) have a plethora of information but we don't have enough time to digest what's being said and in my opinion they take up too much real estate.

I'm finding the COT (vs pullback) to provide useful info

NBCV study is ID1

SG37 is High Pullback Ask Volume and Bid Volume Difference, COT number on Numbers Bar
SG38 is Low Pullback, COT number on Numbers Bars

Using the above study along with "Color Bar" I'm putting actionable info on an M1 bar which does not chew up real estate etc

=and((ABS(ID1.SG37))>3*(ABS(ID1.SG38)))

=and((ABS(ID1.SG38))>3*(ABS(ID1.SG37)))

Anyway see if this is of use

-William

EDIT

Working on syntax - any help is appreciated

EDIT2

See below


Last edited by WilleeMac; August 18th, 2015 at 08:27 AM.
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  #19 (permalink)
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Hi William.

My main issue with that when I try it on a 3 min bar is that the HighPB and LowPB values are zero at all times. I have no idea why.

With your syntax, I don't think you need an AND as there is no double statement.
I figured you meant using two color bar based on alert condition studies and having one color for a PB low and one for a PB high.

I like the idea, but I just can't get it to work

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  #20 (permalink)
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I'm using this logic for now

= abs (ID5.SG37) > abs (ID5.SG38 )*20

= abs (ID5.SG38) > abs (ID5.SG37 )*20

Funny thing you say that about an M3 bar, I can't get anything to load other than an M1 for that chart. I'm guessing I've got a study in there that's wigging out this particular chart

-William

EDIT

Do you have Chart, Chart Settings, Advance Settings, Historical Pullback Data, COT? (I prefer COT over Pullback)

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