Iterative Refinement
- Thread starter Spydertrader
- Start date
.Quote from ehorn:
Spyder.... "I see you have constructed a new lightsaber..."
What is up with that !?!?!?! Looks pretty whiz-bang
So does the S/W automatically calculate the current Pace figures too? Man, we are writing on stone tablets and you have a cray
The software has an option to highlight the largest Bid / Ask size on the DOM or Highlight all DOM Levels and place these levels on a Price Chart. I prefer to Highlight only the largest size. See attached.
I have not yet completed the automated process for calculating pace levels, for futures, at this point in time. However, I do plan on having such functionality completed in the not too distant future. As soon as the Equities side of things reaches completion (automated culling, Automated Rank Calculations, Automated Pace and Automated Sorts), I plan to finish up the Futures Side of things.
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1908999>
I like it very much.
The option to have the DOM Walls highlighted to a Price Chart works on any trading fractal - including the Tic Charts.
Since most people following this thread find themselves on a certain resolution level (with respect to determining continuation or change), and as a result of that resolution level, monitoring the coarse and medium level tools (ES and YM with rare use of STR / SQU), focusing on DOM Walls and Tic Charts (the finest level tool sets) places the focus on areas unnecessary for achieving profitability. In order to avoid the tendency of humans to want to rush to use all tools available, I have chosen to defer from the molecular level discussions and focus on "the bigger picture" - context, sequences and WMCN.
One should only use the finest tools for 'carving the turns' during the trading day. However, I recommend reaching a 'plateau' of profitability before heading further down the rabbit hole.
I'll have more information available on these tools, for those with an interest, as we move forward, and in a seperate thread so as not to derail the current discussion.
- Spydertrader
It's just so awkward to see MAK doing the EXACT same thing back then as I'm doing now. I love debriefing and digging further down the rabbit whole.
On the other hand, It's beautiful to see this thread grow, because at times I have the tendency to remain in the rabbit whole (which is major fun
) and restraining myself to become an expert on "the whole 9yards", so to speak. Anyways, great work spyder.
I'm enjoying my adventure through the jungle. Especially the correlation between inter market pairs combined with Str/Squ concept.
btw, as the Grob/hershey thread came to end, I never saw where he ended his journey. Are there some interesting correlations in the Bonds market? forex? I bet!
Oh man, You have no idea how driven I am, but for now sticking to channels/volume calibrating!
ps: I've been getting used to a new form of PRV: The volume on the tick charts a long with "time bars", it's the equivalent of BARS compared to TICKS. Like the mechanism of PRV. In my opinion it would help them who use the PRV concept quite a bit.