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


Poor Highs and Poor Lows Study
Updated: Views / Replies:656 / 2
Created: by QBtrades Attachments:1

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

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: 38 since Jul 2015
Thanks: 160 given, 61 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)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

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 02:06 AM
Poor timing torroray Jokes 1 September 16th, 2013 09:39 AM
Poor man's Alla Average vegasfoster NinjaTrader Programming 4 July 23rd, 2012 05:10 PM
.....Economists: Obama's policies 'fair' or 'poor' kbit News and Current Events 0 December 28th, 2011 06:26 PM
Et Tu, Standard & Poor's? Quick Summary News and Current Events 0 November 13th, 2011 06:50 AM


All times are GMT -4. The time now is 12:52 PM.

Copyright © 2017 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
Page generated 2017-07-27 in 0.08 seconds with 21 queries on phoenix via your IP 54.145.101.33