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Trade Point Technologies
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Trade Point Technologies

  #11 (permalink)
Trade with the flow
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Dragon View Post
How is a time histogram indicator on the volume charts different from this concept of trade intensity? The time histogram indicator will help tell you how fast a range, tick, or volume bar paints. I thought it was really interesting to see what happens in under 20 seconds on a 100000 volume chart.

I think he's doing it at a very fine-grained level. He claims you need automation, fast access (he says Tradestation isn't fast enough), etc. So he must be scalping for a few ticks.

if you trade on a higher timeframe then the automation and fast access isn't necessary and I think the time histogram (which is very similar to what I had produced) is pretty good.

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  #12 (permalink)
Trade with the flow
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I'm almost through the thread. After all my testing I believe my current volume template & indicators (posted in my volume thread recently) are "good enough" for me. Check it his two trades here:

Trade Intensity - Page 18

and then see them on my chart.

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Trade Point Technologies-20090827-es-intensity-comparison.png  
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  #13 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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cunparis View Post
I'm almost through the thread. After all my testing I believe my current volume template & indicators (posted in my volume thread recently) are "good enough" for me. Check it his two trades here:

Trade Intensity - Page 18

and then see them on my chart.

cunparis,


I have been trolling with volume indicators for the BIG guys for months.

I finally made some progress Wednesday this past week.

Two days later, DavidHP posts the link to TL Intensity Indicator thread.

Talk about timing!!! This "The Secret" thing is really amazing!!!

It was like Pat had read my mind!!! Or I read his!!!!

The only thing I have a problem with in his posts was the description of how difficult it was to do data collection for the Intensity indicator.

I did not export and re-import anything.

I am using Mirus with Zen-Fire feed.

Granted, I got this far without ever seeing his work.

I may not even be looking at the same data collection????

Results are Similar!!!!

He is using a 1000 Volume Chart, I am using a 1 tick NoGapRangeBar Chart.

I am going to test his chart setup on Monday to compare.

Power-fail last night wiped my charts, I have nothing to post.

I am really curious about the harmonic indicator charts too!!!

RJay


Last edited by RJay; October 26th, 2009 at 09:18 AM.
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  #14 (permalink)
Market Wizard
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RJay View Post
OK, Maybe...

One last distraction post.


IrmaBlume in post 99 in the TL thread claims 30 years work experience.

That would be an age on the high side of 50. This guy looks like he is in his late 20's.

P.S. Nice cowboy shirt!!!

RJay


Not that it matters but his name is Pat Dittmar.
Here is something I found on his bio from ecwpress.com

Pat Dittmar has played professional poker for more than twenty years, and has been a consultant to a major online poker site. His math expertise comes from years in the financial community, including partner in a brokerage firm, derivatives trader, big block trader, arbitrageur, and Compliance Registered Options Principal. He lives in Las Vegas.

Here is a podcast interview he did in 2008 about his book.
On this podcast, he says he is 64 years old. I've not found any photos of him.

https://cdn4.libsyn.com/gamblersbookclub/6_19_08_Podcast.mp3?nvb=20091025173532&nva=20091026174532&t=0658e324a0708509bef5d

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  #15 (permalink)
Market Wizard
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RJay View Post
cunparis,

Talk about timing!!! This "The Secret" thing is really amazing!!!

He is using a 1000 Volume Chart, I am using a 1 tick NoGapRangeBar Chart.

I am going to test his chart setup on Monday to compare.

Power-fail last night wiped my charts, I have nothing to post.

I am really curious about the harmonic indicator charts too!!!

RJay


Any progress?

I have been checking some things out and I've come to an impass.
The spikes on the chart MUST be something besides or in addition to volume.
They could be volume related but they are strange because of a few things:

If the chart is a 1000 share chart = 1000 volume bar chart. (Ninja can do that I've run it with the replay data just as he has on the data from 9/17/09.

I see the three areas his charts show as spike areas. Some of the indicators I'm using actually show some type of volume spike but here is the part that is the puzzle:

If the bars on his chart are 1000 volume, then EACH bar will only show 1000 contracts and then a new bar will be generated. His charts show spikes over 45000 on those volume bar charts. If that were volume spike alone without some modification then the 45000 contracts would have created 45 bars not 1.

(at least that is the way I understand constant volume charts work)

I think the system he uses looks very good but I'm not certain that everything he writes is easy to uncover.

Am I missing something here?

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  #16 (permalink)
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DavidHP View Post
Any progress?

I have been checking some things out and I've come to an impass.
The spikes on the chart MUST be something besides or in addition to volume.
They could be volume related but they are strange because of a few things:

If the chart is a 1000 share chart = 1000 volume bar chart. (Ninja can do that I've run it with the replay data just as he has on the data from 9/17/09.

I see the three areas his charts show as spike areas. Some of the indicators I'm using actually show some type of volume spike but here is the part that is the puzzle:

If the bars on his chart are 1000 volume, then EACH bar will only show 1000 contracts and then a new bar will be generated. His charts show spikes over 45000 on those volume bar charts. If that were volume spike alone without some modification then the 45000 contracts would have created 45 bars not 1.

(at least that is the way I understand constant volume charts work)

I think the system he uses looks very good but I'm not certain that everything he writes is easy to uncover.

Am I missing something here?


Hi David,

Yesterday, I learned a few setups that don't work!!!

The 1000 volume test was a bust. To duplicate Pat's charts, I would need to change my formula.

I did do a capture with my stuff and some of cunparis's trade setup stuff together.

My indicators on these charts are works in progress.

They are my new "Supply" indicators, Cool Huh!!!!!!

At 07:22 you can see the volume rally on the two bottom panels.

On the two middle panels, you can see that rally being overwhelmed and crushed!!!

The market then exits the encounter in the opposite direction.

Yes, I cherry picked this chart capture.

You get the general idea of what is going on in the markets.

I need to do more research!!!!

I'm going to re-read Pat's posts at TL, AGAIN!!!!

RJay



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  #17 (permalink)
Market Wizard
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DavidHP View Post

If the bars on his chart are 1000 volume, then EACH bar will only show 1000 contracts and then a new bar will be generated.

His charts show spikes over 45000 on those volume bar charts. If that were volume spike alone without some modification then the 45000 contracts would have created 45 bars not 1.


This is a KEY concept.

I think I have the answer but I will have to do some more research on the subject.
It may be very difficult to accomplish within NT.

.

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  #18 (permalink)
Trade with the flow
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DavidHP View Post
This is a KEY concept.

I think I have the answer but I will have to do some more research on the subject.
It may be very difficult to accomplish within NT.

.

If he has 45k how do you know it's shares?

He listed 3 criteria:

- increase in intensity
- buying or selling
- ?

I forget the third. For the 2nd, the only way I know how to do that is by using upTicks & downTicks in Tradestation.

Let's say price is moving up to 1000 and I got a limit order to buy a million contracts at 1000. The ticks at 1000 are going to be on upticks (I'm letting the market come up to me), which would make us think it was buying volume. And it was, buyers pushed the price up.

Unfortunately NT 6.5 doesn't have this. It's something I can't trade without, which is why I use both NT & Tradestation.

So if you guys want me to test anything out on TS I can..

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  #19 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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Hi Guys,

here is what I think.

I believe that we are dealing with two kinds of volume.

I going to call them "Supply Volume" and "Traded Volume".

The 1000 volume bars are built based on "Traded Volume".

"Supply Volume" is visible on level 2. ( see my previous post )


I am running more tests today.


1000 volume bars, supply volume orders greater than 1000 contracts.

1 tick NoGapRangeBars, supply volume orders greater than 1000 contracts.



I did not get to review Pat's posts yesterday, maybe today.

I also agree that Pat is using more than "volume" in his indicator equations.

RJay

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  #20 (permalink)
Market Wizard
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cunparis View Post
So if you guys want me to test anything out on TS I can..


Can TS use multiple data sources on the same chart?

<clue>
i.e. can you feed the price panel with one data source and the indicator panel with another data source?

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