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I was studying a 6e chart and noted what a good example it was of resistance becoming support. You can play the breakout or the pullback. Either way works.
Just wondering if anyone with programming skills could add the paintbar feature to the ColorSampleUniversalMovingAverage indicator?
It seems to me that this might be a useful addition to this indicator.
The idea I was having is to simply color the bars according to the trend. I tried the other paintbar studies but they grey out too much and renders them useless especially on ZN and ES.
This may be an idea that doesn't get very far but.....I think it's worth a try.
Its really simple to do if you want to give it a crack . what I do is put together my idea for an indicator first as a strategy then open the strategy code , copy it , create a new indicator , erase the indicator code , paste the strategy code , change "ninjascript strategy " to " ninjascript indicator " and calculate on bar close to false . Then just change the code to do what you want , for a paint bar just tell it to " bar color whatever color " instead of draw or enter market etc.. Check the link I sent for the fineprint .
Haha, no, I am a student of Gann but sadly not an expert (yet).
I do keep some hand-drawn charts, I use swing charts, price pressure points and resistance cards, basic price forecasting, calendar/trading bar day counts, seasonal dates, Gann Fans etc. I'm not up to speed on all the ephemeris stuff (degrees etc) and time forecasting, but plan to learn in 2010. These are tools I use (with reasonable success) for swing trading. I try and read "The Truth of Stock Tape" (his most readable work IMHO), "How to Make Profits in Commodities" (which is virtually unreadable IMHO!) and "45 years in Wall St" (somewhere in between) each approx once per year.
Did a few experiments today. One template for the slower charts (CL,6e,YM) and another for the faster charts (ES,ZN) I threw the moving averages back on the chart just to see what they would look like. Panel 2 and 3 are the same as the moving averages in panel 1. Also, the paintbar study is tied to the longer term moving average.
