Iterative Refinement

[Mr_Black]

Volume always start from 0 on RTL and ends at LTL

 

[palinuro]

Quote from gravitonium77:

I marked the bars that the PV relationship appeared to work, and where it appeared to not work.

What I found was that (very) roughly about half the time the PV relationship did NOT hold on a bar to bar basis when examined in this manner. Can anyone suggest a means for me to be able to see the relationship the way that is required? I'm prepared to do whatever work is necessary, but simply staring at the charts is not going to do it as this PV idea is very old Wyckoff stuff and I've been aware of it for years, and have consistatnly failed to see it's efficacy. I assume I must be approaching my perspective wrong.

I think this was just covered in Spydertrader's exchange with Romanus:

Quote from Spydertrader:

In the previous example I provided, you have chosen to view the market as only providing signals at the end of the bar.

Quote from Romanus:
It is quite clear to me now that Jokari window is not intended to be applied at the ends of arbitrarily chosen time frames.


Additionally, imho there are always several, even many, different channels at work at the same time. Particularly at times of transition (laterals, for example), price may "try on" different channels to see how they fit.

 

[gravitonium77]

Quote from palinuro:

I think this was just covered in Spydertrader's exchange with Romanus:

Quote from Spydertrader:

In the previous example I provided, you have chosen to view the market as only providing signals at the end of the bar.

Quote from Romanus:
It is quite clear to me now that Jokari window is not intended to be applied at the ends of arbitrarily chosen time frames.

Indeed, this is key. Of course, the proper way for an algorithm to "see" the PV relationship at work would be to track price, tick by tick, up and down along with each ticks volume. It's not about volotility (or range) per se, but about distance traveled per unit traded. One could look at this using friction as a metaphor. I'm not at all trying to argue the concept. I, personally, don't understand how to visually extract this data which is burried in the bars in a real time way, if that makes any sense.

 

[Mr_Black]

i think this is easy way to find when volume and price are going hand to hand and when not....

 

[astral]

Quote from Mr_Black:

i think this is easy way to find when volume and price are going hand to hand and when not....

Interestingly enough..

 

[gravitonium77]

Quote from Mr_Black:

i think this is easy way to find when volume and price are going hand to hand and when not....

Thank you Mr Black.

 

[Mr_Black]

it must looking something like this

 

[astral]

Quote from Mr_Black:

it must looking something like this

And with the addition of price pace perturbations (when looking at OTR charts) we get a bigger picture regarding our debriefing. and Off we go!

 

[Mr_Black]

Quote from astral:

And with the addition of price pace perturbations (when looking at OTR charts) we get a bigger picture regarding our debriefing. and Off we go!

all different price shapes come from dis-balance or balance between market orders and density of bid/ ask

 

[Spydertrader]

Quote from Padawan:

The OTR charts and DOM provide the directional clues?

Stay out of the rabbit hole.

What else, besides what has already been posted, do you know about this methodology.

- Spydertrader