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Originally posted by benuchcale
Why is the SL set to a dollar value? It doesn't make sense specially if you are trading based on price movement. SL should be determined by the estimated place where support would be broken. Then depending where you entered your trade you will determine how many shares are needed to risk you $1000.00

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quote:

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Originally posted by Ainigma
I had a link that went to page 19 the last couple days.... hadn't thought there were any more posts after stratman's that day, only figured out we were on pg 21 this a.m. when I posted a MAKO note (see above) then said doh! I have to get caught up now!

I Want to post a chart, can't figure out how you get an image in here... I HAVE A KILLER chart for MAKO, entry signal, exit signal, and want to post some Fib info too. How do you upload images here???????

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- For each symbol, set up one desktop containing Time and Sales window; 5 minute interval chart; daily interval chart; week interval chart; each with the default number of bars. Format bars to candlesticks. Add Keltner Channels All indicator to top pane of each chart. %R to middle pane. Volume Exponential Average indicator to bottom pane.

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{  
Study name: Rate of Change  
Date: March 29, 2012  
mudbutt  
 
Added:  
calc ROC different than what TS offers  
GapLess  
Alternative price choices  
Extreme levels  
}  
 
inputs:  
daPrice ( 3 ),  
Length ( 14 ),  
dataNum ( 1 ),  
ColorNormLength ( 14 ), { Number of bars over which to normalize the indicator for gradient coloring. See also: comments in function NormGradientColor. }  
enterShort ( 30 ),  
enterLong ( -30 ),  
UpColor ( Cyan ), { Color to use for indicator values that are relatively high over ColorNormLength bars. }  
DnColor ( Magenta ), { Color to use for indicator values that are relatively low over ColorNormLength bars. }  
GridForegroundColor ( Black ) ; { Color to use for numbers in RadarScreen cells when gradient coloring is enabled, that is, when both UpColor and DnColor are set to non-negative values. }  
 
{ Set either UpColor and/or DnColor to -1 to disable gradient plot coloring.  
When disabled, Plot1 color is determined by settings in indicator properties  
dialog box. Plot2 (ZeroLine) color always comes from indicator properties  
dialog box. }  
 
variables:  
dePrice ( 0 ),  
RateOfChangee ( 0 ),  
ApplicationType ( 0 ),  
ColorLevel ( 0 ),  
barsSinceOpen ( 0 ),  
avgROC ( 0 ),  
roc ( 0 ),  
median_p ( 0 ),  
median_Price ( 0 ),  
RelO ( open of data(dataNum) ), // Relative Open  
RelH ( high of data(dataNum) ), // Relative High  
RelL ( low of data(dataNum) ), // Relative low  
RelC ( close of data(dataNum) ), // Relative Close  
gap ( 0 ), // the opening gap (modified by the gap coefficient)  
Accum ( 0 ) ; // The sum of all the daily gaps  
 
 
if  
CurrentBar = 1  
then  
ApplicationType = GetAppInfo( aiApplicationType ) ;  
 
{######  
# gapless day transitions - John McCormick May 2008  
######}  
if  
date <> date[1]  
then  
begin  
gap = Open of data(dataNum) - Close[1] of data(dataNum) ;  
Accum = Accum + gap;  
end;  
 
RelO = O of data(dataNum)-Accum;  
RelH = H of data(dataNum)-Accum;  
RelL = L of data(dataNum)-Accum;  
RelC = C of data(dataNum)-Accum;  
 
 
{######  
# choose your price  
######}  
if  
1 = daPrice  
then  
begin  
dePrice = RelC ; {gapless close}  
end ;  
 
if  
2 = daPrice  
then  
begin  
dePrice = (RelH + RelL) * .5 ; {median price}  
end ;  
 
if  
3 = daPrice  
then  
begin  
dePrice = (RelO[1] + RelC[1]) * .375 + RelC * .25; {mudbutt close}  
{ <a href="https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=92453 " target="_blank">https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=92453 </a>}  
end ;  
 
 
{######  
# number of bars since the session began.  
######}  
once  
begin  
if  
date[1] <> date  
then  
begin  
barsSinceOpen = 0 ;  
end ;  
end ;  
 
 
if  
barStatus(1) = 2  
then  
begin  
barsSinceOpen = barsSinceOpen + 1 ;  
end ;  
 
{######  
# calc ROC  
######}  
if  
0 <> dePrice  
and  
Length < barsSinceOpen  
then  
roc = ( dePrice - dePrice[Length] ) / Length ;  
 
 
{######  
# plot gradient coloring  
######}  
if  
UpColor >= 0  
and  
DnColor >= 0  
then  
begin  
ColorLevel = NormGradientColor( ROC, true, ColorNormLength, UpColor, DnColor ) ;  
 
if  
ApplicationType = 1  
then { study is applied to a chart }  
SetPlotColor( 1, ColorLevel )  
else  
if  
ApplicationType > 1  
then { study is applied to grid app }  
begin  
SetPlotColor( 1, GridForegroundColor ) ;  
SetPlotBGColor( 1, ColorLevel ) ;  
end ;  
end ;  
 
SetPlotColor( 2, ColorLevel ) ;  
 
Plot1( roc, "ROC_histo" ) ;  
Plot2( roc, "ROC_ln" ) ;  
Plot3( enterShort, "short" ) ;  
Plot4( enterLong, "long" ) ;  

select all

quote:

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Originally posted by Ainigma

quote:

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Originally posted by Ainigma

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Originally posted by Tripk

Ainigma - interested in hearing more on the Fibs, i'm testing a pane with Fibs plotted from previous day Hi/Low.


Attachment:DATA/20120330082316Fib that drove a Mar 27 trade entry with exit at 61 pt 8 percent Fib level.jpg 176922 bytes
Attachment:DATA/20120330082331GMCR Recent Fib signal with Fib ratio MACD.jpg 169960 bytes

I passed on GMCR recently though noted this Fibonacci study regarding Mar 27. While the MAKO Fib was drawn 2 days back for a starting point, this symbol necessitated a start further back from an End of Day close that was higher than the price action since such a point could be found. Merrill 'M' patterns work especially well with this. Arthur Merrill, book 'Filtered Waves' has been a catalyst in my work. Much of this is culminating in developing a current options strategy that is being tested. NOTE THE rough Fibonacci ratios on this GMCR 250 Tick chart in contrast to the Fib rations used on the 5 Tick MAKO chart in my other recent post. Tick chart after the Gap MACD triggers an entry with Fib retracement driven exit which is at a higher retracement cycle than the MAKO as additional days were added to start the beginning of the Fib, thus a higher retracement 62.8 instead of the 38.2 was hit.
A.

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quote:

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Originally posted by quark
Hook

just curious...I was wondering how many people are actually trading this concept...has it affected the fills because I have noticed on NFLX the insidebid/ask is at times only 100-400 and I would think people trading 1000 share lots would have difficulty???

What are the bidsize/asksize on the other symbols that meet tachyonv's tradable stocks list?

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