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ACD trading By Mark Fisher
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ACD trading By Mark Fisher

  #501 (permalink)
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Great Input


ness1g View Post
Here you go

Thank you for that amazing PDF.

I had no idea that the Opening Range time period had been worked out so well for so many instruments.

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  #502 (permalink)
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Fat Tails or Silver,

I'm trying to get the indicator to plot levels for a 20 minute opening range that starts from 9:30 AM no matter what I play with I cant seem to get it to work. I've attached my settings is something of that's causing it not to work?

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  #503 (permalink)
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dt23 View Post
Fat Tails or Silver,

I'm trying to get the indicator to plot levels for a 20 minute opening range that starts from 9:30 AM no matter what I play with I cant seem to get it to work. I've attached my settings is something of that's causing it not to work?

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The contractual trading session for ES 06-15 is 5:00 PM Central Time to 4:15 PM Central Time. Please make sure that you use a proper session template that reflects the contractual trading times.

-> the trading day starts at 5:00 PM
-> please set select RTH session to "First", if you use a session template which is not subdivided into night session, regular session and evening session
-> set the offset to 15:30 (this shifts the opening range start time from 5:00 PM Central to 8:30 Central)
-> set the opening period to 0:20 min
-> the Asian session cannot start at 5:00 PM Eastern, as this would be prior to the start of the trading day
-> the European session cannot start at 9:30 AM Eastern, as this would be the US session

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  #504 (permalink)
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Thanks for the reply, but it still won't plot A values.

I made the following changes.

Changed RTH session to #1 as I'm using the CME US Index RTH template session
Changed the offset to 15:30
Changed the opening period to 00:20
Changed Asian session to 8:00 to 13:30
European session to 13:30 to 8:00

I've attached the parameters again. Sorry I'm probably missing something very obvious but I haven't used NT in a long time and the only reason I'm playing around with it now is because I found your indicator. Thanks for the help.

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  #505 (permalink)
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dt23 View Post
Thanks for the reply, but it still won't plot A values.

I made the following changes.

Changed RTH session to #1 as I'm using the CME US Index RTH template session
Changed the offset to 15:30
Changed the opening period to 00:20
Changed Asian session to 8:00 to 13:30
European session to 13:30 to 8:00

I've attached the parameters again. Sorry I'm probably missing something very obvious but I haven't used NT in a long time and the only reason I'm playing around with it now is because I found your indicator. Thanks for the help.

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The indicator settings look correct. Please use the proper session template, for example <instrument settings>.

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  #506 (permalink)
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Got it thanks for the help

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  #507 (permalink)
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Opening range trading


dt23 View Post
Fat Tails or Silver,

I'm trying to get the indicator to plot levels for a 20 minute opening range that starts from 9:30 AM no matter what I play with I cant seem to get it to work. I've attached my settings is something of that's causing it not to work?

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There might value to OR trading,

However, OR trading is related to opening, in the pit.

Have you considered trusting another opening range. Perhaps, an hour before the open. That's when the action starts to happen.

Gold, I think, could be trade able with an opening range.

I don't know what you are trying to trade, if you want to ask this question, please tell what you are trading.

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  #508 (permalink)
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S&P just made A_Up following inside day.

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  #509 (permalink)
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Time


mfbreakout View Post
ACD has little to do with A and C values and more to do with context. Fish just gave A and C values as a refrence point. At the same time he said one should adjust A and C values based upon volatility of an instruement.

Just as there is no fixed OR for every trader under the sun. There is no fixed A and C value for different instruements. Some traders use 5 minutes OR, some use 15 minutes, some use 45 minutes and so on. A trader should try to understand why should he use 5 minutes OR vs 45 minutes. Similarly he should spend some time in understanding which A and C values will will be suitable for different OR. Volatility of an instruement for 5 minutes OR is different and thus different A and C values Vs 45 minutes OR.

General guideline is to use 25% of weekly Volatility range to determine A and C values. I know of traders who use 40% of daily ATR, some use 20% of weekly ATr and so on.

A and C values are a small component of ACD method. Try to use ACD for getting context. I personally use A and C values provided by Fish service. I later realize they are not as important as i thought. They are just one component of a system.
Time is more important than price. Traders waste time trying to figure out if A up is confirmed by trying to see if price stayed above a certian level by 2 ticks, 5 ticks etc. They are worried about ticks. They have little clue as to what 30 days, 5 days number line reading is showing and try to go long on confirmed daily A up when number line is -8 etc and get surprised all day long. If a trader finds it too overwhelming to track number lines, he/she should be able to look at daily chart and see trend.

Subscription service is avialable for fish service but traders waste 1 year, 2 years looking for simple answers because they do not want to pay for subscription service either.

Hi

Thanks for a great series of posts. Could I ask how, in practice, you handle the time factor that mark Fisher puts empasis on - price staying at A for 1/2 the duration of the OR; price not staying too long inside the pivot range for pivot range trades; price staying too long at a level when you are in a trade.

I can think of a number of approaches - each requiring different levels of intensity and systematic or intuitive approach and some comments on how you approach this aspect woudl be interesting

- tape watch when price reaches a level
- watch short time frame bars (eg 1 min) and whether their closes and/or hi/lo stay at or above A level and / or don't retrace back into OR
- watch longer time frame bars (e.g. 1/2 opening range duration) for the same things

Just interested in how you approach this

thanks

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  #510 (permalink)
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Copy of ACD coding



Fat Tails View Post
Is that what he calls the Sushi Roll?

I have been inspired by Mark Fisher to code the pivot range and opening range indicators. I do not use the ACD method though.

The problem with ACD is that markets change. So Fisher is absolutely correct not to include a standard formula to calculate the A. C and D points. To use this, you would have to code an indicator that gives you the conditional probability that a breakout will continue after it has exceded a defined threshold. If you know the probabilities for different thresholds and/or the scope of the expected move, this can be exploited.

Note that a breakout is only valid, if price stays during a defined time period above or below the ACD lines.

However, I do watch the opening range and use it as support and resistance. Example below for CL, as Mark Fisher traded on NYMEX.

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Would it be possible to get a copy of your ACD coding? I am new to this and would be interested in utilizing some of Fishers concepts. I am currently using thinkorswim. Not really sure if the coding is directly transferrable across all platforms.

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