cunparis journal, thoughts, and more

March 15th, 2010, 02:30 PM

... and here is a version for multicharts:

Code

inputs: period(30), threshold(600), normcolor(blue), highcolor(red);

vars:
  int pace(0),
  int indx(0);
  


pace = 0;
indx = 0; 
while(indx < CurrentBar) begin
  value1 = time_s - time_s[indx];
  if(value1 < 0) then value1 = time_s + 240000 - time_s[indx];
  if(value1 < period) then pace = pace + barinterval
  else break;
  indx = indx + 1; 
end;

plot1(pace,"pace",iff(pace > threshold,highcolor,normcolor));

(make sure you give it a linear scale)

March 15th, 2010, 04:09 PM

Richard

FWIW if you are only using it COBC=true on tick charts, then I think this code does the same thing without a need to define a class and keep a list of them:

I guess maybe you were planning to have it count ticks on any kind of bar, at some point, real-time only?

Thanks for the code, that is a great simplification. I'll test it out and if it gives the same results I'll release a new version with your algorithm.

I started it wanting it to work for any bar and it got a bit complicated. I started with a 30 second chart and for some reason I saw a shortcut to just use a tick bar and add them up. Which is better than 30 sec chart because with a tick chart you get the readings more often without affecting the result.

It worked pretty well for CL today but the hard part to using it is knowing how to handle the cases when it doesn't work. It was very early on the big move down and then the final bottom didn't have much of a signal. Will take some practice to figure all this out.

March 15th, 2010, 04:12 PM

Richard

... and here is a version for multicharts:

Does multicharts have time precision more than 1 second? I'd like to try this out on tradestation, I'm trying to avoid ninjatrader for charting. Today Ninja got really slow on me, unusable even. I didn't have anything open today that I didn't yesterday except this POT indicator and since that had COBC = true it shouldn't have been slow. I had to close some unused charts & doms and then it was ok.

March 15th, 2010, 04:32 PM

Tomorrow (Tuesday) I'm taking the day off to assist with my daughter's field trip at school. Be back on Wednesday.

If anyone trades the dax from the 9-noon CET (european time) let me know. I'm thinking about creating a small trade room for the dax.

March 15th, 2010, 04:50 PM

cunparis

Does multicharts have time precision more than 1 second? I'd like to try this out on tradestation.

Won't work on tradestation, which only has 1-minute granularity last I checked. On multicharts you get 1-second granularity... not as precise as ninja but since we are counting 20 or 30 seconds at a time, that shouldn't be a big issue in this case.

March 15th, 2010, 05:13 PM

Thanks CUNPARIS for another nice thread.

March 17th, 2010, 05:25 AM

I released a new version of the POT indicator. It has audio alerts and I also used Richard's algorithm which is much more efficient. It turns out that my algorithm was the source of my ninja slowdowns. I noticed this when using it with market replay. When I dragged the time slider it took about 20 minutes to update the chart.

Download: Pace of Tape

This indicator will show the # of ticks in the last x seconds. At key turning points, professionals will start scaling in and/or reversing. This will cause an increase in the activity in terms of the number of ticks. When you get a peak, the reversal …

cunparis

for the audio alert, here's a wave file:

March 17th, 2010, 06:09 AM

cunparis

Tomorrow (Tuesday) I'm taking the day off to assist with my daughter's field trip at school. Be back on Wednesday.

If anyone trades the dax from the 9-noon CET (european time) let me know. I'm thinking about creating a small trade room for the dax.

I usually trade dax morning session and would like to join the trading room. Please let me know if you create it.

March 17th, 2010, 07:02 AM

Dax trading abysmal today. I had two trades that I ended up exiting at BE and +1 and they would have went on to hit at least +10. So I need more confidence there. That was as the dax was in a trading range.

Dax broke out and I didn't learn my lesson from crude the other day and I didn't keep in mind the big picture which was supporting a breakout.

I hope I learn it this time.

March 17th, 2010, 08:00 AM

Funny, I was thinking this morning of starting a room CL...I will do it, if anyone wants to join...maybe we can start a new thread about it.

cunparis journal, thoughts, and more

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cunparis journal, thoughts, and more