Poor Highs and Poor Lows Study - Sierra Chart | futures.io
futures.io futures trading


Poor Highs and Poor Lows Study
Started: by QBtrades Views / Replies:536 / 2
Last Reply: Attachments:1

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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, and we will never resell your private information.

-- Big Mike

Reply
 
Thread Tools Search this Thread
 

Poor Highs and Poor Lows Study

  #1 (permalink)
Trading Apprentice
Dallas, Texas
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: Stocks
 
Posts: 4 since Jun 2015
Thanks: 1 given, 1 received

Poor Highs and Poor Lows Study

I am looking for an alert(vertical line or number above signal) or a study that will show me when there are poor highs or lows on a 30min chart.

TPO Poor Highs or Lows are when the high of one 30 min bar matches the high of another 30 min bar the same day at the current high of that day. Lows are the opposite.

So for instance the high of the 9am 30 min bar is 2100 and then we get another 30 min bar later at 11am with a high of 2100...and the current high of the day is also 2100.

I know this is easily visible with a TPO chart but I would like to run some studies and need it on a 30min chart so I can do a spreadsheet study.

Anyone have any ideas?

Reply With Quote
 
  #2 (permalink)
Elite Member
Los Angeles CA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 3 since Jan 2015
Thanks: 0 given, 1 received

I can give you a couple ideas from how I am working out a few different alerts an studies. You can take initial balance, hi/lows for time period, and/or OHLC studies and run them multiple instances for the different time periods. I do this for globex, the first hour of trading and post IB.

Then you can code alerts that are based on the relation of those levels like And(IB hi< globex hi, post ib hi < globex hi) or with ABS (absolute value functions) < a few ticks or VAP (volume at price < volume threshold). You'll have to come up with what your criteria is. But this is the basic idea I'm working with to ID targets above and below the market.

Reply With Quote
 
  #3 (permalink)
Elite Member
Greenville, SC
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: NQ
 
Posts: 35 since Jul 2015
Thanks: 153 given, 56 received



QBtrades View Post
I am looking for an alert(vertical line or number above signal) or a study that will show me when there are poor highs or lows on a 30min chart.

TPO Poor Highs or Lows are when the high of one 30 min bar matches the high of another 30 min bar the same day at the current high of that day. Lows are the opposite.

So for instance the high of the 9am 30 min bar is 2100 and then we get another 30 min bar later at 11am with a high of 2100...and the current high of the day is also 2100.

I know this is easily visible with a TPO chart but I would like to run some studies and need it on a 30min chart so I can do a spreadsheet study.

Anyone have any ideas?

I played around with this and made it so that a color bar alert signals when the high/low of the bar equals the high/low of the day. These signals are then summed for the day and when the total is 2 or more and higher than the previous sum the value of the high is printed on the chart.

There seems to be a problem with using cumulative sum with color bar alerts in that the sum will disappear and you have to go to Charts and hit Recalculate to get the sum and values back.

Probably not the best solution, but maybe it will give you some ideas. I will post the study collection.

Good Luck

Attached Files
Register to download File Type: stdycollct poor lowhi.StdyCollct (65.2 KB, 6 views)
Reply With Quote

Reply



futures.io > > > > Poor Highs and Poor Lows Study

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

An Afternoon with FIO member Massive l

Elite only
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Get poor quickly - avoid expensive stocks Big Mike Stocks and ETFs Trading 3 October 25th, 2014 03:06 AM
Poor timing torroray Jokes 1 September 16th, 2013 10:39 AM
Poor man's Alla Average vegasfoster NinjaTrader Programming 4 July 23rd, 2012 06:10 PM
.....Economists: Obama's policies 'fair' or 'poor' kbit News and Current Events 0 December 28th, 2011 07:26 PM
Et Tu, Standard & Poor's? Quick Summary News and Current Events 0 November 13th, 2011 07:50 AM


All times are GMT -4. The time now is 12:02 PM.

no new posts
Page generated 2017-01-20 in 0.09 seconds with 21 queries on phoenix via your IP 184.73.12.144