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Originally posted by Tgsts
Hi all, new to TS and the forum. Really interested in trying this setup, but the only range idicator I can find is ATR which I know includes gaps. Where can a newb find a good avgrange indicator for TS?

Thanks for all the hard work Tach and others.

-Tom

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Originally posted by tachyonv

Not many in these TS forums share their results, but am sure that there are others who do better, some a lot better. But, at least these returns are something to shoot for and exceed...please note that these returns could easily be double, if I had only traded better.

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Originally posted by tachyonv
Profits are what matter.

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Originally posted by tachyonv
+1, Honza and TY for the comment that may help some others.

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Originally posted by Cammotrader
Just follow Tachy's plan...stop tinkering and start executing...cha-ching. Thanks Tachy Attachment:DATA/20130228143553CMI.png 38631 bytes

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Originally posted by traderts123
Looks Great. Did you mechanize it as a strategy?

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Originally posted by Cammotrader
Just follow Tachy's plan...stop tinkering and start executing...cha-ching. Thanks Tachy Attachment:DATA/20130228143553CMI.png 38631 bytes

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Originally posted by split
Same here, in SIM for now.

Looking forward to trading this live next week.

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Originally posted by ant___
Here's a slight add-on to Kevin's KJDTimeAvgLow indicator - it now plots the earliest and the latest low times that occurred during the indicator's lookback period along with the original avg low time.
Here's the code (you may want to rename it to prevent overwriting the original):

// Indicator: KJDTimeAvgLow 
//this calculates the average time of the low of the morning, for all dates in the chart   
//use this with 5 minute bars   
//assumes the chart is in Eastern time   
 
//Kevin J. Davey  <a href="mailto:kdavey@kjtradingsystems.com">kdavey@kjtradingsystems.com</a>    
//Version 1.0   
//Feb 17, 2012   
 
// Modified by Walt W. Hooker 2/17/2012 Added Plot  
// Modified by ant___ 2/20/2012 Added Earliest/Latest LODT Plots  
 
Inputs:  
	LowFactor(.20), 			// distance below low on bar when low average time is indicated.   
	PrintLog(False);			// true will print EL Output Log	  
  	 
vars: 
	lowtoday(99999.), 
	double lowtodaytime(0),  
	numberofdays(1), 
	SumLowTodayTime(0),   
	lowOfDaytime(0),  
	printToday(false), 
	Earliest_LODT(0), 
	Latest_LODT(0);   
   
If 	date<>date[1] then begin   
	lowOfDayTime = MinutesToTime(SumLowtodayTime/NumberofDays); 
	Earliest_LODT = Lowest(lowOfDayTime, NumberofDays);	///Latest LODT Calcs over NumberofDays/// 
	Latest_LODT = Highest(lowOfDayTime, NumberofDays); 	///Latest LODT Calcs over NumberofDays/// 
	lowtoday=99999.;   
	lowtodaytime=0;  //minutes since midnight for the time of the low   
	numberofdays=numberofdays+1;   
	printToday = false;  
end;   
   
if 	time <=1200 then begin   
	if low<lowtoday then begin   
		lowtoday=low;   
		lowtodaytime=TimeToMinutes(time);   
	end;   
end;   
   
//at 12:05, add the lowtodaytime in to SumlowTodayTime   
var:bl("	");   
   
if time = 1205 then begin  
	SumLowTodayTime=SumLowTodayTime+lowtodaytime;   
	print(date,bl,lowtodaytime,bl,numberofdays); //to debug   
end;   
  
if 	lastbaronchart and  
	printToday = false and  
	PrintLog then  
		begin   
			print(symbolname," On average, low occurs at ", lowOfDayTime);  
			print(symbolname, " Earliest LODT is ", Earliest_LODT, " averaged over last ", NumberofDays, " days.");	///Earliest LODT Plots/// 
			print(symbolname, " Latest LODT is ", Latest_LODT,   " averaged over last ", NumberofDays, " days.");	///Latest LODT Plots/// 
			printToday = true;  
		end;  
  
if 	time >= lowOfDayTime and  
	time[1] < lowOfDayTime then   
		Plot1(low - LowFactor, "LODT", white, default, 5);   
 
///Earliest/Latest LODT Plots/// 
if 	time >= Earliest_LODT and  
	time[1] < Earliest_LODT then   
		Plot10(low - (LowFactor + 0.40), "E_LODT", white, default, 5); 
		 
if 	time >= Latest_LODT and  
	time[1] < Latest_LODT then   
		Plot11(low - (LowFactor + 0.80), "L_LODT", white, default, 5);   

select all

....and a screenshot:

Attachment:DATA/20120221000440JW Screen 160.jpg 11011 bytes

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Originally posted by tachyonv
UR welcome, Lks.

Thanks to an exec at TS and the forum administrator, this thread was purged of a certain individual's completely unrelated stuff.

Today was an odd day...only a few symbols worked out well for this method. Maybe the snow in the East? Or does it portend some end to the recent move up into record DOW30 territory? Interesting thread at https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=125943&Reply_ID=658893
by Albruno. Regardless, definitely time to be careful, especially if holding overnight.

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Originally posted by tachyonv

Thanks to an exec at TS and the forum administrator, this thread was purged of a certain individual's completely unrelated stuff.

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Good for you, Tachy. This is an awesome topic and should stay on point.

Again, many thanks for your contribution!