A tool to measure angles and distance on your chart - Traders Hideout | futures io social day trading
futures io futures trading


A tool to measure angles and distance on your chart
Updated: Views / Replies:6,129 / 29
Created: by trendisyourfriend Attachments:3

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
 3  
 
Thread Tools Search this Thread
 

A tool to measure angles and distance on your chart

  #11 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


srgtroy View Post
@GFIs1

I took a look at your thread and searched it using the term 'spiral'. Very interesting. Could you tell me what software you are using that has a spiral tool, and also, how does it deal with the issue discussed on this thread in terms of scaling?

Thanks @srgtroy

It is really difficult to find some good info HOW to use the spiral properly. I was testing back and forth and found
the combination of Ichimoku KUMO (as the first end point) with a spiral on top very handy.
I think you will not get a lot of spiral "how to" on the net - so feel free to ask here more.

Using RT/Investor of Linnsoft (Investor/RT: The Trader's Ultimate Toolbox) gives me these results and charts shown in all my threads here.

GFIs1

Reply With Quote
 
  #12 (permalink)
Elite Member
Los Angeles, California Republic
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES, Mongolian Horse Futures
 
srgtroy's Avatar
 
Posts: 1,456 since Jan 2011
Thanks: 1,009 given, 2,238 received

@GFIs1

Thanks for the info and help offers! I currently have the Spiral on TOS and am eager to play with it, but as described in this thread, setting the proper scaling is perplexing me. I will have to take a look at how it works over at Investor RT. Nevertheless, I appreciate your advice and look forward to sharing anything new I find with the Spiral once I can get it to work for me. There is very little information on the net, which I think has to do with the fact that it is hard to apply the Spiral with computer monitors and so people may have stopped using it. The alternative conspiracy theory is that proper use of the spiral is powerful and those who know do not want to share the knowledge

if you post too much about it, you may get an anonymous Spiral in the mail, and that will be the sign to stop talking

Know The Rules Well So You Can Break Them Effectively
Reply With Quote
The following user says Thank You to srgtroy for this post:
 
  #13 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary

Spiral tool


To start with (but not complete)

http://www.linnsoft.com/tour/techind/sprials.htm

GFIs1

Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #14 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary

Spiral start and end point

Hi @srgtroy again

A quicker method to set the spiral: (without any need of Ichimoku)

Point into the last HI - tear to where the price went the first time back down on VWAP line
and set spiral to counter clockwise

vice versa for the last LO:

Point into the last LO - tear to where the price went the first time back up on VWAP line
and set spiral to clockwise

GFIs1

Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #15 (permalink)
Elite Member
Los Angeles, California Republic
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES, Mongolian Horse Futures
 
srgtroy's Avatar
 
Posts: 1,456 since Jan 2011
Thanks: 1,009 given, 2,238 received

Hi @GFIs1

Let me give you an example of the problem I am having. It is not how to draw the Spiral. It is how to set the
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Know The Rules Well So You Can Break Them Effectively
Reply With Quote
 
  #16 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


srgtroy View Post
Hi @GFIs1

Let me give you an example of the problem I am having. It is not how to draw the Spiral. It is how to set the scale of the chart. I have attached a picture of the same chart with the same spiral high/low used on each. However, the charts are different size and scale and that creates a different result. Thus, I need to know how to set the proper size/scale of the chart.

Yes - I see your problem.
As the spiral is also drawn BACKwards on the timeline - just have a look where a major turning point touched the
spiral in the PAST.
Adjusting then the scale to that special event (on the same INNER round turn line) - you are perfect to have the view into
the future.
Save the chart with this scale setting and you are done

GFIs1

Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #17 (permalink)
Elite Member
Los Angeles, California Republic
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES, Mongolian Horse Futures
 
srgtroy's Avatar
 
Posts: 1,456 since Jan 2011
Thanks: 1,009 given, 2,238 received


GFIs1 View Post
Yes - I see your problem.
As the spiral is also drawn BACKwards on the timeline - just have a look where a major turning point touched the
spiral in the PAST.
Adjusting then the scale to that special event (on the same INNER round turn line) - you are perfect to have the view into
the future.
Save the chart with this scale setting and you are done

GFIs1

That is an excellent idea, thanks! Still, I worry that that may literally be curve-fitting Do you not have this same problem with InvestorRT?

Know The Rules Well So You Can Break Them Effectively
Reply With Quote
 
  #18 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


srgtroy View Post
That is an excellent idea, thanks! Still, I worry that that may literally be curve-fitting Do you not have this same problem with InvestorRT?

The scaling problem is within every software - so I have the same.
This is not curve fitting in the words sense - if you want to draw a trend line
you need a minimum of 2 points. With the spiral you need in fact minimum 2
if the scaling is fixed - if not you nead at least 3.

The spiral is a powerful tool to get a good bigger picture. Just try.

GFIs1

Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #19 (permalink)
Elite Member
Los Angeles, California Republic
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES, Mongolian Horse Futures
 
srgtroy's Avatar
 
Posts: 1,456 since Jan 2011
Thanks: 1,009 given, 2,238 received


GFIs1 View Post
The scaling problem is within every software - so I have the same.
This is not curve fitting in the words sense - if you want to draw a trend line
you need a minimum of 2 points. With the spiral you need in fact minimum 2
if the scaling is fixed - if not you nead at least 3.

The spiral is a powerful tool to get a good bigger picture. Just try.

GFIs1

You're logic makes sense, although I do wonder what the proper "fixed" scaling is. How did they determine it back in the day of charts printed on paper. Anyway, from a practical point of view, you're 3-point rule is a good one.

Even the Fibonacci Vortex has to be properly fitted

Know The Rules Well So You Can Break Them Effectively
Reply With Quote
The following user says Thank You to srgtroy for this post:
 
  #20 (permalink)
Elite Member
Barcelona Spain
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Ibovespa futures
 
Posts: 2 since Oct 2013
Thanks: 1 given, 0 received

Thank you so much !



trendisyourfriend View Post
If you plan to find the degree slope of a line in Ninja then there is tool that can do this but it is not free. It's known as the Ultimate Draw Bar and is sold at this web site:
High Tech Trading Analysis, LLC | Draw Bar ? Ultimate

Demo on Youtube:

Wow ! Thank you so much, trendisyourfriend ! You just gave me my customized Ninja Trader 8 It has everything I wanted and more.

Looking for this solution, I found this very nice indicator for people looking at angles and wanting to keep the y-axis fixed and their angle reference intact. Some nice options there.

https://futures.io/download/ninjatrader-7/indicators/1174-download.html

Just a question : how do you determine your y-axis scale setting for looking at angles ?

I just set a value based on the angles looking "right". I want my explosive moves to be steep, say 60 to 70 degrees, and I go from there and set a fixed scale of for example 2000 points in my 5-min chart, which gives me these angles for the trade I'm looking at. This way I have a angle reference for that chart.

Maybe there's a more interesting way of doing this.

I see @srgtroy is maybe thinking about the same problem.

Regards,

Pedro

Reply With Quote

Reply



futures io > > > A tool to measure angles and distance on your chart

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Spread measure indicator marotom Beginners and Introductions 4 November 20th, 2016 05:21 AM
Indicator that measured distance in ticks between movable lines PeterOhlson NinjaTrader 1 June 12th, 2011 03:00 PM
Inflation Actually Near 10% Using Older Measure Quick Summary News and Current Events 0 April 12th, 2011 08:10 PM
Drawing horizontal line wiithout changing grid distance. komalsid NinjaTrader 4 December 27th, 2010 03:50 PM
Angles of Crossover Bespoke The Elite Circle 6 December 8th, 2009 09:58 AM


All times are GMT -4. The time now is 12:56 AM.

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 2017-12-11 in 0.13 seconds with 20 queries on phoenix via your IP 107.20.115.174