Statistical analysis and metrics - futures io
futures io



Statistical analysis and metrics


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Arthur Bishop with 4 posts (1 thanks)
    2. looks_two xplorer with 2 posts (1 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 TraderEX with 1 posts (0 thanks)
      Best Posters
    1. looks_one trendisyourfriend with 4 thanks per post
    2. looks_two tpredictor with 2 thanks per post
    3. looks_3 xplorer with 0.5 thanks per post
    4. looks_4 Arthur Bishop with 0.3 thanks per post
    1. trending_up 1,502 views
    2. thumb_up 8 thanks given
    3. group 7 followers
    1. forum 10 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

Statistical analysis and metrics

(login for full post details)
  #1 (permalink)
Arthur Bishop
zagreb/croatia
 
 
Posts: 4 since Oct 2018
Thanks: 3 given, 1 received

Hey guys,
im interested in learning more about statistical analysis based on price and volume. I really like the work of @metricsmaestro on his blog and futurestrader71. Can someone recommend me some resources (books, blogs or forums) where that kind of analysis can be learnt. I have intermediate knowledge of Excel and i make basic analytics myself but would like to go more in depth and learn some ideas that i might not think of. All my attempts to find some book or website about that kind of metrics ended in dead end.

Thank you

Reply With Quote

Can you help answer these questions
from other members on futures io?
heatmap order flow +
NinjaTrader
NT8 connectivity by FXI API to unsupported brokers?
NinjaTrader
Is there a way to rename an existing trade?
MultiCharts
AutoTrendHforRad indicator in a strategy "direction …
NinjaTrader
Multichart NET: where can i find esplanation on CustomIn …
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
69 thanks
I finally blew up an account
58 thanks
FIO Journal Challenge - April 2021 w/Jigsaw Trading
38 thanks
The Crude Dude Oil Trading System
38 thanks
The tiyfTradePlanFactory indicator
25 thanks
 
(login for full post details)
  #3 (permalink)
 xplorer 
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,386 since Sep 2015
Thanks: 13,580 given, 13,092 received



Arthur Bishop View Post
Hey guys,
im interested in learning more about statistical analysis based on price and volume. I really like the work of @metricsmaestro on his blog and futurestrader71. Can someone recommend me some resources (books, blogs or forums) where that kind of analysis can be learnt. I have intermediate knowledge of Excel and i make basic analytics myself but would like to go more in depth and learn some ideas that i might not think of. All my attempts to find some book or website about that kind of metrics ended in dead end.

Thank you

Hi and welcome Arthur,


Please can you post one or two examples of the statistical analysis you are referring to?


Chances are this will increase the likelihood of people being able to point you in the right direction.

Reply With Quote
The following user says Thank You to xplorer for this post:
 
(login for full post details)
  #4 (permalink)
Arthur Bishop
zagreb/croatia
 
 
Posts: 4 since Oct 2018
Thanks: 3 given, 1 received


xplorer View Post
Hi and welcome Arthur,


Please can you post one or two examples of the statistical analysis you are referring to?


Chances are this will increase the likelihood of people being able to point you in the right direction.

Of course, sorry for not doing that in my original post.
Most of the examples im interested in can be found on metricsmaestro blog: metricsmaestro.wordpress.com
I could go and figure every formula by myself but i would also like some explanations.
If you dont want to click on the blog, some of the simple metrics from the top of my head are:
*Number of Days with a Change of 1% or More by Month and Year
*How often if double top/triple/quadruple top/bottom broken
*How often previous day low/high is broken on the next day
*Where does NQ typically close relative to its daily trading range Range?

Reply With Quote
The following user says Thank You to Arthur Bishop for this post:
 
(login for full post details)
  #5 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 4,037 since Oct 2009
Thanks: 3,697 given, 5,221 received

I have posted it before many times on FIO but here it is again:
https://www.linnsoft.com/homework

Reply With Quote
The following 4 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #6 (permalink)
Arthur Bishop
zagreb/croatia
 
 
Posts: 4 since Oct 2018
Thanks: 3 given, 1 received


trendisyourfriend View Post
I have posted it before many times on FIO but here it is again:

Thanks,
im aware of that site, im not linsoft software user. Im more of excel guy, i know that concepts from their video can be applied to any other platform. Do you have any other recommendations?

Reply With Quote
 
(login for full post details)
  #7 (permalink)
 xplorer 
Site Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 5,386 since Sep 2015
Thanks: 13,580 given, 13,092 received


Arthur Bishop View Post
Of course, sorry for not doing that in my original post.
Most of the examples im interested in can be found on metricsmaestro blog: metricsmaestro.wordpress.com
I could go and figure every formula by myself but i would also like some explanations.
If you dont want to click on the blog, some of the simple metrics from the top of my head are:
*Number of Days with a Change of 1% or More by Month and Year
*How often if double top/triple/quadruple top/bottom broken
*How often previous day low/high is broken on the next day
*Where does NQ typically close relative to its daily trading range Range?

Thanks Arthur,

I've checked that blog and also the link that @trendisyourfriend provided.


To me this stuff falls under quantitative analysis (I'm sure others can share their view). Have you tried a Google search such as "quantitative analysis finance books"?

Bear in mind that Quantitative Analysis can be a broad subject that includes AI fields such as neural networks and genetic algos

Reply With Quote
 
(login for full post details)
  #8 (permalink)
TraderEX
 
 
Posts: 96 since Sep 2018
Thanks: 68 given, 177 received


Arthur Bishop View Post
Hey guys,
im interested in learning more about statistical analysis based on price and volume. I really like the work of @metricsmaestro on his blog and futurestrader71. Can someone recommend me some resources (books, blogs or forums) where that kind of analysis can be learnt. I have intermediate knowledge of Excel and i make basic analytics myself but would like to go more in depth and learn some ideas that i might not think of. All my attempts to find some book or website about that kind of metrics ended in dead end.

Thank you

this is what I created to collect the data i manually fed the data into a spreadsheet and created my own cells for analysis. i am expert in statistical analysis and it is my hobby and passion A natural talent. a braggard kives in delusion, I have a track record for success in statistical analysis.

Thanks for the question-

EX

Attached Thumbnails
Statistical analysis and metrics-trading-time-travel-sheet1.pdf  
Reply With Quote
 
(login for full post details)
  #9 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011

Start with counting. Rob Hanna shares basic price and volume analysis at his quantifiableedges.com website and blog.

I would recommend also studying and reviewing descriptive statistics vs predictive modelling. I'd advise to find a trading package that allows you to build these studies such as Tradestation or NinjaTrader. You can also research systematic trading.

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Arthur Bishop
zagreb/croatia
 
 
Posts: 4 since Oct 2018
Thanks: 3 given, 1 received



tpredictor View Post
Start with counting. Rob Hanna shares basic price and volume analysis at his quantifiableedges.com/blog/"]quantifiableedges website and blog.

I would recommend also studying and reviewing descriptive statistics vs predictive modelling. I'd advise to find a trading package that allows you to build these studies such as Tradestation or NinjaTrader. You can also research systematic trading.

Thank you very much!
This is really helpful.

Reply With Quote
 
(login for full post details)
  #11 (permalink)
 meinl 
dayton, oh
 
Experience: None
Platform: self rolled
Trading: CL
 
Posts: 2 since Nov 2015
Thanks: 3 given, 0 received

Here are two that I am going to be looking into more soon:

Scott Andrews' ES gap fill statistics. Idea is to finds days where you can blindly buy or sell right at the open with the target being the prior close.

Raghee Horner's daily range and opening session statistics. Idea is to find the maximum likely range for the opening balance and fade attempts to break that range.

Reply With Quote


futures io Trading Community Traders Hideout > Statistical analysis and metrics


Last Updated on October 9, 2018


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

HIRO Indicator by Spotgamma in Bookmap w/Brent Kochuba @ SpotGamma

Elite only

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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