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Help with YTR TVI indicator


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Help with YTR TVI indicator

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  #1 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
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Does anyone have any idea what YTR is using for the TVI (Tick Volume Indicator). I can post a jpg, just have no idea where to post this. Thank You I am using a scalp system for CL junk today and just want a MA of Ask vs Bid. Using the TSSuperTrend at 1.4, CCI14, and Squeeze at 18, ATR-1.5, STD Dev-2.0 I need to port it on another system to make a strategy. Any help would be appreciated. Thank You-Mark

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  #3 (permalink)
 steve2222 
Auckland, New Zealand
 
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tradermark2009 View Post
Does anyone have any idea what YTR is using for the TVI (Tick Volume Indicator). I can post a jpg, just have no idea where to post this. Thank You I am using a scalp system for CL junk today and just want a MA of Ask vs Bid. Using the TSSuperTrend at 1.4, CCI14, and Squeeze at 18, ATR-1.5, STD Dev-2.0 I need to port it on another system to make a strategy. Any help would be appreciated. Thank You-Mark

You could try www.BBTrades Volume Pressure indicator, but it is not free. I also believe Google Books have an extract of a book that gives the formula for Tick Volume indicator - try Googling for it.

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  #4 (permalink)
 peterg 
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Yeah I can help you with that YTR TVI, I used to coach there. That indo has a lag using the 8/10 ma cross, even a 8/5 adjustment has lag at catching the top and bottom pivots. Originally that was used as a volume proxy for spot forex which trades OTC and has no reported exchange volume. So don't sweat the detail..it lags and the CL is squirrly. I have seen the BBTrades Volume reversal indo traded on Cl using a 5 range chart in said room with solid performance, since I believe it was developed specifically for that product. Aside from that one of the best Bid/Ask summation/ratio formulas are available on Ensign software, proprietary but free with subscription. Sounds like you compiling a lot there...if more is good less might be better. Reductive clarity makes for quick clean trading decisions which is critical with Cl trading. I do think Volume @ bid or ask is critical for pegging the blow off on Cl or any exchange traded product. Do you plan to automate execution? I've used everything on your list for a few years now. Any questions, Let me know. ...And Best of Luck!

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  #5 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 given, 274 received


steve2222 View Post
You could try www.BBTrades Volume Pressure indicator, but it is not free. I also believe Goggle Books have an extract of a book that gives the formula for Tick Volume indicator - try Googling for it.

Hi Steve, I had done all the above. I even bought BBTrades indicators about 4 weeks ago, similar to BWT. I use the ABC, and the Brick6 to help with CL chop.
Really my question should have been does anyone have any experience with the TVI as a volume indicator, like W.Blau suggested in his 95 book. I would like to use it int he way TVI uses it with the dot on crossovers. I can make better and faster decisions based on MA crossover, vs. a histogram, which doesn't show divergence.

Thanks for your reply

Mark

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  #6 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 given, 274 received


peterg View Post
Yeah I can help you with that YTR TVI, I used to coach there. That indo has a lag using the 8/10 ma cross, even a 8/5 adjustment has lag at catching the top and bottom pivots. Originally that was used as a volume proxy for spot forex which trades OTC and has no reported exchange volume. So don't sweat the detail..it lags and the CL is squirrly. I have seen the BBTrades Volume reversal indo traded on Cl using a 5 range chart in said room with solid performance, since I believe it was developed specifically for that product. Aside from that one of the best Bid/Ask summation/ratio formulas are available on Ensign software, proprietary but free with subscription. Sounds like you compiling a lot there...if more is good less might be better. Reductive clarity makes for quick clean trading decisions which is critical with Cl trading. I do think Volume @ bid or ask is critical for pegging the blow off on Cl or any exchange traded product. Do you plan to automate execution? I've used everything on your list for a few years now. Any questions, Let me know. ...And Best of Luck!

Hi Peter, thanks for your reply. I like the TVI concept like maybe a delta on ask/bid or even how Blau used it in his 95 book. As I said with steve just trying to see volume that can help with the CL is fast or slow, can it be better then the simple better vol2. Concerning the YTR method, I like the using range bars, stop reversals, but would like to see if volume can work like it does using tick 1k reversals on the CL and TF. I am new to the CL and I am using the method Pro Trader Ed uses. I am being mentored by him and I am having a great time. My problem is have discipline, to become consistant and profitable. The automation from just the JTrend trade of BWT is less then 50%. So it has to be used with other triggers and confirmations. I was just trowing it out to see if anyone has had any experience with the TVI and ATR trading. How was working with YTR, were they trading 24/5? What did you like the best between YTR, BWT and helping with chop-I use the S/R areas for trade entry, but need more work to get in the 1-2 tick range on a signal bar. It all takes time. Thanks for the reply. Mark

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 steve2222 
Auckland, New Zealand
 
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tradermark2009 View Post
Hi Peter, thanks for your reply. I like the TVI concept like maybe a delta on ask/bid or even how Blau used it in his 95 book. As I said with steve just trying to see volume that can help with the CL is fast or slow, can it be better then the simple better vol2. Concerning the YTR method, I like the using range bars, stop reversals, but would like to see if volume can work like it does using tick 1k reversals on the CL and TF. I am new to the CL and I am using the method Pro Trader Ed uses. I am being mentored by him and I am having a great time. My problem is have discipline, to become consistant and profitable. The automation from just the JTrend trade of BWT is less then 50%. So it has to be used with other triggers and confirmations. I was just trowing it out to see if anyone has had any experience with the TVI and ATR trading. How was working with YTR, were they trading 24/5? What did you like the best between YTR, BWT and helping with chop-I use the S/R areas for trade entry, but need more work to get in the 1-2 tick range on a signal bar. It all takes time. Thanks for the reply. Mark

Hey Mark,

Good luck with your journey and your trading. I will catch you in the room sometime as I am with Ed as well (also with Brad too, but a work committment, coupled with Southern Hemisphere hours, is preventing me getting to Brad's room at present).


Steve

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  #8 (permalink)
 peterg 
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tradermark2009 View Post
I use the S/R areas for trade entry, but need more work to get in the 1-2 tick range on a signal bar. It all takes time.

My best Cl trading involves S/R, knowing the contracts Market Profile
to catch the larger swings, I use ATR Stop to trigger me in at extreme and to keep me in until it kicks me out.

Scaling in with multiple contracts on the QM may offer you more holding/swinging power.
Depends on what type of trader you are. Quick scalper 5-8 ticks, pivot swinger13-30 or combo:
scalp one and swing one. Dont get to hung up in the moment and the chop, its the break out momentum that kills or thrills on CL.

Know the character of the market you trade...what it is capable of doing and where and when it is likely to do it.
Remember you are trading against sharp and specialized traders, who do nothing but trade CL, one product all the time. And they know it intimately. Let that be your discipline!

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 trader59 
Sacramento, CA
 
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THe originator of the TVI was Bill Blau. Blue Wave Trading was the 1st to code it for Ninja Trader Both YTR and BB Brad B. worked with BWT in the past and basically copied the BWT version...

bj

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 Jaguar52 
NY + NY/USA
 
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trader59 View Post
THe originator of the TVI was Bill Blau. Blue Wave Trading was the 1st to code it for Ninja Trader Both YTR and BB Brad B. worked with BWT in the past and basically copied the BWT version...

bj

I was a moderator for both YTR and BWT. I was also a beta tester for BWT before the mod gigs, and before Brad worked for him. I helped decide the real effectiveness of the indicators under development by trading my money with them, something neither BWT (still don't think he does) or YTR actually did not do until much later. They paid me a nice sum. Brad from BBtrades was also one of my members before venturing on his own.
To date I have found no edge in using the TVI. It could be just a me thing; I really do not want redundant information on my charts. I have found much more value is the speed of the developing bar and a tool called tape momentum (by Brad) to help with climaxes at high volume, fast bars. I use the TapeMomo for the climax event on the opposite close range bar after a single directional run of say 5 or more bars. All this is much more effective at key s&r zones. Also, my favorite CT scalp is the 3BR explained in another posting in this forum, and this uses the tape momo more directly.

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 gordo 
Tonganoxie, Kansas
 
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Here's a link for BBTrades that works.

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 cory 
the coin hunter
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pretty!

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 Jaguar52 
NY + NY/USA
 
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I always find it useful (or confirm uselessness) to do these kind of studies when comparing indicators. If you can find any edge of one over the other, then great. Otherwise there is a lot of information here, and the feel good is that when they all signal together then the trade should work? ... really? The key is for how long and how much, and more importantly - when do you exit. The entry is not as important as the exit if you want to make money.

Less is definitely more, and if you had the price bars showing then all you really might need is just one other piece of information. Often you need to just make a choice as to what that information is: volume, speed, momentum, tick flow, etc etc.

So, once you get in using how many indicators float your boat, what would really make the difference is when you need to get out. If you follow the same indicators to get out, then you may find that your trading is just a continuous exercise in frustration. So, when using indicators keep in mind that something needs to help you know when the money is leaving the trade, and if you don't see it leaving, then your entries may be spot on but you will make no money.

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 trendisyourfriend 
Market Wizard
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cory View Post
pretty!

Me too i always thought that price was a small nuisance we should remove from our charts

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 supergonzo 
new york
 
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has anybody every found bill blau's TVI for Tradestation anywhere??

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 RM99 
Austin, TX
 
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Jaguar52 View Post
I always find it useful (or confirm uselessness) to do these kind of studies when comparing indicators. If you can find any edge of one over the other, then great. Otherwise there is a lot of information here, and the feel good is that when they all signal together then the trade should work? ... really? The key is for how long and how much, and more importantly - when do you exit. The entry is not as important as the exit if you want to make money.

Less is definitely more, and if you had the price bars showing then all you really might need is just one other piece of information. Often you need to just make a choice as to what that information is: volume, speed, momentum, tick flow, etc etc.

So, once you get in using how many indicators float your boat, what would really make the difference is when you need to get out. If you follow the same indicators to get out, then you may find that your trading is just a continuous exercise in frustration. So, when using indicators keep in mind that something needs to help you know when the money is leaving the trade, and if you don't see it leaving, then your entries may be spot on but you will make no money.

This is probably the most useful and spot on post I've read on this forum. I've tried going on too many indicators at this point and all of them can offer some semblence of an entry strategy....anyone with any sort of right brain pattern recognition can develop that.

Having said that, the ability to maximize winners and minimize losses is where the real differentiation in strategy performance lies. Or better said, there's really no magical indicator or edge out there that's going to allow you to get in on the same/similar signals and exit on same/signals....there's just too many people trading all the same stuff.....

I liken it to a berry patch....when one is found, it's just a matter of time before it's full of bears..., the real trick isn't being the bear that finds the patch....lots of bears do that....the real trick is being the bear that can carry the most berries back home.

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 sharmas 
Auckland
 
Experience: Advanced
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Team

Any ideas how one can get similar indicators or set up similar to this

Thanking you

sharmas


tradermark2009 View Post
Does anyone have any idea what YTR is using for the TVI (Tick Volume Indicator). I can post a jpg, just have no idea where to post this. Thank You I am using a scalp system for CL junk today and just want a MA of Ask vs Bid. Using the TSSuperTrend at 1.4, CCI14, and Squeeze at 18, ATR-1.5, STD Dev-2.0 I need to port it on another system to make a strategy. Any help would be appreciated. Thank You-Mark


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 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 given, 274 received

Hi Shamas,

THe main indicator is from this site (which I purchased it from): Custom Programming

It uses the MACDBB set to F5.S13.P13 or P20, 2 CCI Colors can use 14 and 6, but use 50 and 13 Use 2 charts a HTF and and entry chart. Only take the pull backs, adn CCI slings based onthe CCI 13 and 50. I make sure that I am in trend of the backgroud that in seen from the link, and I have price action in trend from the HTF chart. I am in this person room learning to trade the CL-http://tradermakers.com/

Hope this helps. BTW, I have found that the Volume pressure or the TVI offer no help....really the key is using the higher time frame to set your trend direction and timing on the entry chart. My goal is to limit the number of trades I take, and have a higher qualitity of setups. So far for the last 2 months, it has been the best so far.


sharmas View Post
Team

Any ideas how one can get similar indicators or set up similar to this

Thanking you

sharmas


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