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Trade Point Technologies


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Trade Point Technologies

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  #51 (permalink)
Denver, Colorado
 
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Here's how I use Time Histogram to confirm Volume Stop. Time Histogram works on the inverse. A spike in volume is confirmed by little-no histogram bar showing for Time Histogram.

BTW I have run the other indicators in the TL thread. The ones mentioned above by Deanz work well, except the only work real time and don't save once you change chart. Apparently you can do something with replay, it's all in the TL thread.

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  #52 (permalink)
Denver, Colorado
 
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Here's what I was referring to using S/R- a swing low, tick divergence, and both "time histogram" tools. These trades work best when one can identify a range bound market condition as you may get killed when the market is directional. The only thing this trade set up had against it was on the top left chart you see a thin purple line that's the VWAP so you are trading into S/R in that aspect.

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  #53 (permalink)
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dandxg View Post
Here's what I was referring to using S/R- a swing low, tick divergence, and both "time histogram" tools. These trades work best when one can identify a range bound market condition as you may get killed when the market is directional. The only thing this trade set up had against it was on the top left chart you see a thin purple line that's the VWAP so you are trading into S/R in that aspect.

Thanks for sharing your chart, lots of good information & ideas in there. The tick indicator gives very similar signals to the way I use the tick so I'm sure that it works well. I also use it on a 1m chart. I also use it on a 5m chart to catch larger divergence patterns.

For the time histogram.. This is the 3rd time I've looked at it. My conclusion is that it doesn't work very well during the market peak times (9:30 - noon, 2-4pm). It seems to work better during lunch and overnight. I was checking it out and I found a case where it worked and it was between 1&2. Then I went back and looked at your chart and your example is between 1&2. Have you found it to work between say 9:30 - noon?

My problem with volume stop is it gives false signals (like everything else). The key to using indicators is to learn when they give false signals and why. So far I haven't found it reliable enough to work by itself so I'm working on a way to confirm it like you're doing with the time histogram.

Thanks for sharing.

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  #54 (permalink)
Denver, Colorado
 
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cunparis View Post
Thanks for sharing your chart, lots of good information & ideas in there. The tick indicator gives very similar signals to the way I use the tick so I'm sure that it works well. I also use it on a 1m chart. I also use it on a 5m chart to catch larger divergence patterns.

For the time histogram.. This is the 3rd time I've looked at it. My conclusion is that it doesn't work very well during the market peak times (9:30 - noon, 2-4pm). It seems to work better during lunch and overnight. I was checking it out and I found a case where it worked and it was between 1&2. Then I went back and looked at your chart and your example is between 1&2. Have you found it to work between say 9:30 - noon?

My problem with volume stop is it gives false signals (like everything else). The key to using indicators is to learn when they give false signals and why. So far I haven't found it reliable enough to work by itself so I'm working on a way to confirm it like you're doing with the time histogram.

Thanks for sharing.

You know I haven't found the optimized settings for Time Histogram. You have to play around with them. If you go over to about page 7-9 on the Trade Intensity thread on TL you will see Blowfish's settings on a 20 volume FESX chart. He is using very small settings 1,3,5, 7, 9 and it works well. So that got me thinking. If the market is less liquid than ES, say 6A, 6B or so drop down to a 100 volume chart and use lower settings on TH.

I am actually thinking of contacting the inventor, Gumphrie himself since I have some ideas to improve upon but can't do it myself.

The other thing I would suggest is to use the indicator Deanz on TL was nice enough to share to filter volume stop. it works well.

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  #55 (permalink)
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dandxg View Post
You know I haven't found the optimized settings for Time Histogram. You have to play around with them. If you go over to about page 7-9 on the Trade Intensity thread on TL you will see Blowfish's settings on a 20 volume FESX chart. He is using very small settings 1,3,5, 7, 9 and it works well. So that got me thinking. If the market is less liquid than ES, say 6A, 6B or so drop down to a 100 volume chart and use lower settings on TH.

I am actually thinking of contacting the inventor, Gumphrie himself since I have some ideas to improve upon but can't do it myself.

The other thing I would suggest is to use the indicator Deanz on TL was nice enough to share to filter volume stop. it works well.

dandxg,

have you seen DeanZ's latest indicator posted on NT's forum.

Its a level2 book oscillator!!! pretty sweet!!!!

I was looking at the Time Histogram indicator this week.

Time Histogram is running on a one second time frame.

I think you will need to drop down to a millisecond time frame to use Blowfish's settings.

Realtime charting 0nly, no historic data on that time frame.

I will be playing with it next week as part of my ongoing research.

RJay

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  #56 (permalink)
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cunparis View Post
It seems to work better during lunch and overnight. I was checking it out and I found a case where it worked and it was between 1&2. Then I went back and looked at your chart and your example is between 1&2. Have you found it to work between say 9:30 - noon?

I came to this same conclusion about the Time Histogram as well... It's optimal at night.

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  #57 (permalink)
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RJay View Post
dandxg,

have you seen DeanZ's latest indicator posted on NT's forum.

Its a level2 book oscillator!!! pretty sweet!!!!

I was looking at the Time Histogram indicator this week.

Time Histogram is running on a one second time frame.

I think you will need to drop down to a millisecond time frame to use Blowfish's settings.

Realtime charting 0nly, no historic data on that time frame.

I will be playing with it next week as part of my ongoing research.

RJay

hey rjay

i tried

to find the deanzs level 2 indicator at nt forums and i couldnt find it

can you post the link here please ?

thanks rjay

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  #58 (permalink)
Hartford, CT. USA
 
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spyro View Post
hey rjay

i tried

to find the deanzs level 2 indicator at nt forums and i couldnt find it

can you post the link here please ?

thanks rjay

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  #59 (permalink)
Denver, Colorado
 
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RJay View Post
dandxg,

have you seen DeanZ's latest indicator posted on NT's forum.

Its a level2 book oscillator!!! pretty sweet!!!!

I was looking at the Time Histogram indicator this week.

Time Histogram is running on a one second time frame.

I think you will need to drop down to a millisecond time frame to use Blowfish's settings.

Realtime charting 0nly, no historic data on that time frame.

I will be playing with it next week as part of my ongoing research.

RJay

No I haven't but I will thanks.

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  #60 (permalink)
Arizona
 
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dandxg View Post
The other thing I would suggest is to use the indicator Deanz on TL was nice enough to share to filter volume stop. it works well.


Could you post this indicator here?

Thanks,

Mahlon

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