hhmmm., i usually have the Calculate on bar close on false, for everything i use.i was told that it taxes the cpu much more, but thats never been a problem.Do you have an opinion , either or, on that setting?
Trading Coders didn't invent squat. The TSF indicator is a standard Ninja system indicator, which is what this indicator calls. They do the same thing but for the purpose of adding line colors and color bars. If you copy this TSFslope.cs file from the NT7 indicators folder and plop it into NT6.5 indicators folder and compile it, it should work fine. There is no NT7 specific code in it.
If you scroll back in the chart and hit F5 you will see the angle change to that of the rightmost bar. Also I use CalculateOnBarClose = false on almost everything.
wow, thanks for the info.i have emailed them twice, without a response.i have been experimenting with the parameters (bars back, forecast, and period) for the tsf slope.what i want, is to have it behave like a long range ema, similar to a 30 ema.the current settings are not doing that, in fact , the slope barely moves at all.i am using a 4 range chart, and a 2 better renko, to trade the 6b.
the reason i am interested to do this, is because the tct tsf gives an overall direction, that reacts to price smoothly.the ema follows price much more closely, which is fine,I use both.every now and then, the market will have a breakout, or breakdown day, where , there was perhaps, a good signal on the daily chart, which is providing follow thru for a good part of the day.these , for me, are hard days to trade, because as the market is grinding, the entry signals just arent that clean, as the traders are buying into the pullbacks, no matter how divergent they are.the key here is, that tct tsf will be rising nicely, as price action weaves in and out of it, but continuing up.the trade would be, say, if the tct is 60 degress or above (for example), look for longs on the pullbacks, no matter how sloppy, because the bias is long, albeit a grind.looking at a daily candle that has a huge range, and having no trades ,is the reason i am searching for this play to put in my playbook,to take advantage of an obvious bias.... i wonder if there is a similar indicator, with a slope
Last edited by bobarian; January 26th, 2011 at 05:04 AM.
But I have a half dozen indicators written over the years that ; apply the slope to a line, print the slope in a box, or several boxes. Ken Wood (Woodie) of Woodies CCI Club had that on his charts a decade ago. The slope calculation is pretty basic high school math.
The attached pic shows the price panel I have used for years . Note the EMA slope information at the bottom of the panel.
I'm not sure what the bid deal is, but then again ... at this stage in my life...I think it's a big deal if I don't have to pin my address to my shirt when I leave my room.
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
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FUNNY!i have the slopes for the emas, which work great, in order to simplify, and add a new play to my playbook, having the slope on the tct trending tsf , just makes it easier, with less thinking about the trade..if the slope is above 60 degrees (for example), a pullback, and resumption of trend, constitutes an entry. thanks for input
OK, my mistake on using the wrong formula for the price panel and not taking into account the ticksize. This is why the angle was small, the slope was calculated on pixels. Here is a revised version giving bigger results.
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