All you need

November 10th, 2009, 02:43 PM

Here's a 30 range bar chart of CL.This is todays action.

We've got the tema dots..... the sharkfin and the shark attack dots ( which coincide with the sharkfin)

I like the tema dots because they often pick up a reversal.....not always but often.

Jeff

November 10th, 2009, 03:20 PM

I'd like to take a moment to thank several people who were instrumental in my latest set up.

RJay.....for the no gap range bars

Big Mike ....for the triple exponential moving average

Sharky.....for the triple exponential moving average dots

Zeller/Sharky....for the Sharkfin paintbar study

Is Big Mikes Trading Forum great or what?

Jeff

November 10th, 2009, 04:15 PM

So.......does this work on a choppy day? Let's take a look. Sharkfin paintbars stay grey indicating neutral. Notice the breakout from the chop is very nicely indicated by the tema dot. I guess the answer is yes. Go ahead....test it yourself....find the worst day possible, as far as choppiness is concerned, put these indicators on your chart and see how it does. Now, if it's choppy what do you do? How about wait till it stops being choppy? Also, it helps to know what times of day are more likely to be choppy.

November 10th, 2009, 04:20 PM

I just found out the Triple EMA will repaint if the plot type is not set to dot. I use mine as a hash and it was repainting.

Here is the fix (this is for the triple ema dots version but I imagine this part is the same):

Code

            if (ma[0] > ma[1] && ma[1] < ma[2] && (Plots[0].PlotStyle != PlotStyle.Dot && Plots[0].PlotStyle != PlotStyle.Hash))
              Up.Set(1, ma[1]);
            
            if (ma[0] < ma[1] && ma[1] > ma[2] && (Plots[0].PlotStyle != PlotStyle.Dot && Plots[0].PlotStyle != PlotStyle.Hash))
              Down.Set(1, ma[1]);

I hate repaints! I know it's necessary for lines, that's why I only use one line (20 EMA) and I duplicate it with hash marks in another panel so that when I'm testing out ideas I'm sure I'm using something that is not repainting.

November 10th, 2009, 04:31 PM

Jeff Castille

So.......does this work on a choppy day? Let's take a look. Sharkfin paintbars stay grey indicating neutral. Notice the breakout from the chop is very nicely indicated by the tema dot. I guess the answer is yes. Go ahead....test it yourself....find the worst day possible, as far as choppiness is concerned, put these indicators on your chart and see how it does. Now, if it's choppy what do you do? How about wait till it stops being choppy? Also, it helps to know what times of day are more likely to be choppy.

Jeff is the red/blue line the TEMA as well or is that still the LR? Also are the TEMA dots set to 3 or 4?

Thanks

November 10th, 2009, 04:46 PM

Jeff Castille

So.......does this work on a choppy day? Let's take a look. Sharkfin paintbars stay grey indicating neutral. Notice the breakout from the chop is very nicely indicated by the tema dot. I guess the answer is yes. Go ahead....test it yourself....find the worst day possible, as far as choppiness is concerned, put these indicators on your chart and see how it does. Now, if it's choppy what do you do? How about wait till it stops being choppy? Also, it helps to know what times of day are more likely to be choppy.

when is a chop a chop?

for me the problem are not the gray bars. just going sideways, no winning no losing. the problem is that blue bar with the blue dot and that red bar with the red dot. (I circled yellow). when you buy the blue and sell the red, you'll land in choppy land.

no critique, just observation

November 10th, 2009, 04:46 PM

jdella

Jeff is the red/blue line the TEMA as well or is that still the LR? Also are the TEMA dots set to 3 or 4?

Thanks

Hey jdella,

The TEMA is the line you see on the chart. It is set on 3 in this instance......however there may be charts where a setting of 4 may be preferable.

I have been experimenting for some time now......looking for the best directional filter I could find. EMA, Linear Regression and TEMA could all be used successfully.

November 10th, 2009, 04:51 PM

Silvester17

when is a chop a chop?

for me the problem are not the gray bars. just going sideways, no winning no losing. the problem is that blue bar with the blue dot and that red bar with the red dot. (I circled yellow). when you buy the blue and sell the red, you'll land in choppy land.

no critique, just observation

Good observation........however since I am a scalper.....I am already in and out of my trade and waiting for the next set up........when it leaves choppy land.

Jeff

November 10th, 2009, 05:00 PM

Silvester17

when is a chop a chop?

for me the problem are not the gray bars. just going sideways, no winning no losing. the problem is that blue bar with the blue dot and that red bar with the red dot. (I circled yellow). when you buy the blue and sell the red, you'll land in choppy land.

no critique, just observation

Hey Silvester,

I took a close look at the two instances that you pointed out......in each case there were 18 YM points from the dot trigger to the maximum possible points. Both trades represent great scalps of 8-10 points (which is what I go for) So.....for me this is good especially for a choppy day.

Jeff

November 10th, 2009, 05:09 PM

Jeff Castille

Hey Silvester,

I took a close look at the two instances that you pointed out......in each case there were 18 YM points from the dot trigger to the maximum possible points. Both trades represent great scalps of 8-10 points (which is what I go for) So.....for me this is good especially for a choppy day.

Jeff

Am I correct in that you don't enter on the 15 chart? It's your anchor, so you'd probably be able to enter a little bit before? Or would you wait for the dot on the 15 to have support from the anchor?

All you need

Discussion in Traders Hideout

All you need