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Koyaanisqatsi Hototo--wldman out of balance
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Koyaanisqatsi Hototo--wldman out of balance

  #571 (permalink)
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There are many things in life...

that I do not understand. KVO's usefullness is not one of them. Coded and shared for futures.io (formerly BMT) members, optimized and customized for futures.io (formerly BMT) members, shared discussed and demonstrated for futures.io (formerly BMT) members. I guess it needs a price tag or amazing entries, stops and targets to be worth anything.

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  #572 (permalink)
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wldman View Post
that I do not understand. KVO's usefullness is not one of them. Coded and shared for futures.io (formerly BMT) members, optimized and customized for futures.io (formerly BMT) members, shared discussed and demonstrated for futures.io (formerly BMT) members. I guess it needs a price tag or amazing entries, stops and targets to be worth anything.

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Are you using Fat Tails KVO? https://futures.io/local_links_search.php?action=show&literal=1&search=KVO&desc=1&keys=1

If not where is the link for yours? (If I missed it in thread I apologize) I would like to see it in real time.

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  #573 (permalink)
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In the thread...



tturner86 View Post
Are you using Fat Tails KVO? https://futures.io/local_links_search.php?action=show&literal=1&search=KVO&desc=1&keys=1

If not where is the link for yours? (If I missed it in thread I apologize) I would like to see it in real time.

is a post by @TheWizard in which he took my minor modificatons to anaKVO as @Fat Tails shared and made a few changes. I eliminated the multiplier *100 from Harry's code. Harry added a "smooted" or smoothable version(I do not smooth) and then Wiz added the color change language.

I thought of making a paint bar function to color price bars consisdent with the KVO signal line, but I'm not sure that is needed or beneficial at this point.

Unless responding to a specific question or looking at a specific change I am probably done talking about this KVO...read into that what you will.

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  #574 (permalink)
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is a post by @TheWizard in which he took my minor modificatons to anaKVO as @Fat Tails shared and made a few changes. I eliminated the multiplier *100 from Harry's code. Harry added a "smooted" or smoothable version(I do not smooth) and then Wiz added the color change language.

I thought of making a paint bar function to color price bars consisdent with the KVO signal line, but I'm not sure that is needed or beneficial at this point.

Unless responding to a specific question or looking at a specific change I am probably done talking about this KVO...read into that what you will.

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Found it, thank you. Seems interesting, but that may be about it. Indicators have their place, but just like any indicator in a vehicle you can usually operate it without it.

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  #575 (permalink)
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Suit yourself man...

operate on whatever level using whatever tools suit you. I do not make any claims or any warranties...but I do see tremendous irony in that statement.


Last edited by wldman; May 14th, 2014 at 03:19 PM.
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operate on whatever level using whatever tools suit you. I do not make any claims or any warranties...but I do see tremendous irony in that statement.

I'm sure there is.

Think about the gas gauge, water temp, and battery indicators in your car. You can fully operate you car on the highway without using any of these. They do not help you drive the car, or get on the highway. But if you are on the highway and one of these are giving a bad reading, then you know it's time to pull over.

Same in trading, an indicator my not help you get into a trade, but it can help you determine if you should be looking for an exit. I believe some people put too much into indicators while others write them all off. I believe that every tool has its place and usefulness.


Last edited by tturner86; May 15th, 2014 at 10:59 AM.
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  #577 (permalink)
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tturner86 View Post
I'm sure there is.

Think about the gas gauge, water temp, and battery indicators in your car. You can fully operate you car on the highway without using any of these. They do not help you drive the car, or get on the highway. But if you are on the highway and one of these are giving a bad reading, then you know it's time to pull over.

Same in trading, an indicator my not help you get into a trade, but it can help you determine if you should be looking for an exit. I believe some people put too much into indicators while others write them all off. I believe that every tool has its place and usefulness.

I agree. For a long time I was completely opposed to indicators because I couldn't get them to work well by themselves. Over time, I have come to an understanding that even candlesticks, or any type of chart for that matter, are indicators because they can give additional information over simple price data. I don't use most indicators because usually what I'm looking for is how price is behaving inside it's own bar like how fast and far price is pulling back as it's advancing but most all indicators usually work over a multitude of bars. For example, there are very few indicators that aid order flow on the DOM other than just showing volume accumulation etc.

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  #578 (permalink)
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Quick on indicators...

In any given bar there are 4 data points. Open, high, low and close. There is volume and there is time. That is it, everything else is relational or derivative from those data points. So, everything is price action.

King Price, period.

The complaining or the frustration with mathamatical applications is just simple frustration with understang the picture it draws. Most of that IMO comes from applying an indicator that you do not understand over a set of data points (price) that you do not understand.

Then and it is a big THEN. Folks search for a reliability that is simply not there, they take a side and believe their hallucination (personal view of indicators) rather than believing price. This cognative dissonance is mostly confirmation bias AND most of the time the confirmation is misapplied on data that is not understood anyway.

THIS and being a "switcher" lead undercapitalization as to why traders fail.

Dan

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  #579 (permalink)
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Someone asked about...

fsAuctionBarsMTF

This is a subscription indicator leased from the incomprable @Fat Tails.

My application does not do the thing justice as my capacity hallucination (like that one) is like that of a child compared to Harry's creative interpretation and display. I LOVE AB as my little colaborative group calls it.

I can talk about my charts and my application but I do not think it is fair to Harry to post "user mannual" type info received from him. BTW Harry, I crave info of that type from you like a lion craves the gazelle. Let me thank you again for your massive contribution to me and futures.io (formerly BMT).

Harry I have saved as default my view of auction bars. Since that does not really do it justice I invite you to please post the fully utilized and intended design here in this journal thread so that my tiny application does not detract from your grander view.

There are a number of bar types identified and used in the application. The only one of those visable on my chart is the actual "reversal" bars. They are colored yellow with a "R" for reversal above or blue with a "R" below.

Then the golden colored range levels are drawn from the actual auction bars from the selected timeframe...on my charts hourly. So that range between the gold horizontal lines represents the true range of the last hourly auction bar. Harry can talk about the formula for how that is done if he wants.

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Some pictures...


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