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Wyckoff Trading Method
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Wyckoff Trading Method

  #661 (permalink)
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StockJock View Post
Does Wyckoff have way to guestimate just how far the Emini NASDAQ100 Futures will drop?

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Point and Figure charts are the way Wyckoff guesstimated moves.

Gary

There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
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  #662 (permalink)
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puma View Post
StockJock,
be careful with NinjaTrader P&F intraday charts. They are wrongly constructed by Ninja. They know it but don't care. The session end starts a new P&F Box , which is wrong. P&F charts based on daily are OK as far as I know.

Yes puma, it appears that your statement is correct. I suspect that means that each PnF calculation starts at the opening of each day and is not carried over to the next day. Is this what you are trying to tell me?

If someone if competent in programming C# language, this can be changed. For that matter, the PnF charts can also be reprogrammed to perform the Wyckoff PnF charting calculations which is different from other PnF calculations. For anyone willing to make these changes, I've attached the chart type code file for NJ7 that is located in My Documents / NinjaTrader 7 / bin / custom / type / @BarTypes.cs


Quoting 
NinjaTrader_Brett
NinjaTrader Customer Service

Yes this is in fact the case as we do start a new bar at the start of a new session. This is the same with all tick based charts (Tick/Range/PnF/ etc.).

Basically with building bars you have to choose one way or another with an approach to building these bars.

How the chart looks depends on where you start the chart and how much data is loaded.

For example lets us consider a Range chart, a range start loading 2 days back of data compared to a range chart loading 3 days back of data will give completely different results for the current day that is the same in both charts. The reason is the start price being different completely changes all the reference points for the range chart moving forward.

What we did so that everyone charts look the same is reset the charts every day, this normalizes everyone's charts and gives everyone the same start point at the beginning of the day so that each day the charts look the same.

This was a design decision we made and we had to essentially take the lesser of two evils if you will and that's what we decided to implement.

NinjaTrader is of course flexible enough that you can code in your own bars if you do not like this via custom programming.

We are looking into adding an option for this in our next major release however that is still sometime down the road and I cannot confirm at this time if this feature would be added.

-Brett


Attached Files
Register to download File Type: zip @BarsTypes.zip (12.7 KB, 33 views)

Last edited by StockJock; April 4th, 2012 at 05:48 PM.
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  #663 (permalink)
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StockJock View Post
each PnF calculation starts at the opening of each day and is not carried over to the next day. Is this what you are trying to tell me?

yes

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  #664 (permalink)
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StockJock View Post
Yes puma, it appears that your statement is correct. I suspect that means that each PnF calculation starts at the opening of each day and is not carried over to the next day. Is this what you are trying to tell me?

If someone if competent in programming C# language, this can be changed. For that matter, the PnF charts can also be reprogrammed to perform the Wyckoff PnF charting calculations which is different from other PnF calculations. For anyone willing to make these changes, I've attached the chart type code file for NJ7 that is located in My Documents / NinjaTrader 7 / bin / custom / type / @BarTypes.cs


SJ,

If you post this request of the bar type in the "program your indicator for free" thread someone may be able to do it. Just need to let them know what it is you want. I am of no help on this.

D

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  #665 (permalink)
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David_R View Post
If you post this request of the bar type in the "program your indicator for free" thread someone may be able to do it. Just need to let them know what it is you want. I am of no help on this.

I can't find the thread. Do you have a link to it ("program your indicator for free")?

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  #666 (permalink)
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StockJock View Post
I can't find the thread. Do you have a link to it ("program your indicator for free")?

Here you go. I had the name wrong. This would be for ninja. There is one for tradestation as well.

https://futures.io/elite-circle/1261-want-your-ninjatrader-indicator-created-free-469.html

D

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  #667 (permalink)
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David_R View Post
Here you go. I had the name wrong. This would be for ninja. There is one for tradestation as well. https://futures.io/elite-circle/1261-want-your-ninjatrader-indicator-created-free-469.html

No wonder I couldn't find it. I have to pay $50 to request for a free indicator programmer.

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  #668 (permalink)
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StockJock View Post
No wonder I couldn't find it. I have to pay $50 to request for a free indicator programmer.

That is one thread of thousands, only available to members who support the site. It is up to you if you want to support the site, but don't bad mouth what you don't know.

That thread alone is nearly 500 pages and has about 2,000 indicators in it, written and given away completely free from user generated requests and other members completing those requests.

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  #669 (permalink)
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Gary Fullett View Post
The markets have been focused with the Fed doing QE3. This has added liquidity to both bonds and stocks, which has caused them to rally over the past many months. Without the liquidity pumped into the market, the market is forced to stand on it's own. So then the markets will be focused on the economy versus the Fed printing money. This most likely will allow bonds to go lower in favor of buying stocks.

Is the QE3 the third quarter financial reporting by all publicly own companies required by the SEC?


Gary Fullett View Post
Point and Figure charts are the way Wyckoff guesstimated moves.

The Wyckoff PnF counts are made at the location of the signs of strenth or weakness shown on the Vertical chart. Where on the chart would you recommend to choose that location? Is there a specific date that you recommend?

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  #670 (permalink)
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Big Mike View Post
That is one thread of thousands, only available to members who support the site. It is up to you if you want to support the site, but don't bad mouth what you don't know.

That thread alone is nearly 500 pages and has about 2,000 indicators in it, written and given away completely free from user generated requests and other members completing those requests.

I only need one indicator and that is the Wyckoff PnF chart with no session interruptions for NJ7. Once someone has programmed the code and posted comparative charts to show that it indeed works, then I would probably pay for the membership to download it. Anything else that I need can be found on the WWW for free.

Wyckoff Method, VSA, Volume Analysis, Market Mechanics -- Learn It All For Free!


Last edited by StockJock; April 5th, 2012 at 01:21 PM.
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