POLL - Futures: How do you determine the trend?

[Charlie Dow]

Quote from Equalizer:

Aye right, so I guess those $4000 courses offered by Mr Dow/Logic are no longer necessary.

Which, BTW, Mr Dow is well within his rights to provide, if people are willing to shell out that sort of cash - and the standard CFTC disclaimers are included with all course materials.

$Ka-Ching$

Nope, if you want to PUT FORTH SOME EFFORT here at ET all of the information is here at no charge and you don't have to take a Seminar. For those that want to fast track the learning process they can go the other route.

No one forces you or anyone to do something they don't want to do. If you want to learn what I teach . . . dig through the archives here and figure it out. Others have and are doing quite well, some still are fine tuning the process and some still have questions but they are putting forth the effort. If you aren't interested in learning and have a solid controllable system of your own, that is wonderful and you should be pleased you have something that works and discontinue throwing barbs into someone else's questioning process.

I repeat, I don't care if you believe that what I teach is crap but don't impede the learning process if anyone here wants to ask me questions that I am willing to answer. At least I am not one of those close minded individuals traveling from thread to thread being a disruptive influence because I have nothing else to offer.

 

[Charlie Dow]

Quote from hirsch.im.wald:

Ok,
we're looking at an eqivolume chart. So the light blue lines presumably are open/close marking the days go by.

The oscillator is your proprietary ergodic one, if I understood correctly. I assume it's not normalized to a fixed scale, it might be logarithmic though, I can't tell.
Anyway it shouldn't differ too much from any other non-normalized-scale oscillator that is fed with price/volume instead of price/time.

That's quite simple and quite beautiful so far.
I've never used multiparty ever. Equivolume charts are interesting I think, would be a possible deal breaker.


Does anybody know, if there is any other software that can do it?

By the way I respect Charlie for laying out his stuff. I would not spell out my theories so openly ever.


-------------------
Act always so as to increase the number of choices. - Heinz von Foerster -

The Ergodic is a great strength indicator which I use specifically to verify the Market has created tops or bottoms. The Ergodic is not proprietary but my setting are. They are here in ET though. The Ergodic is not range bound like the Stochastic or MACD are. So not having that fixed scale allows it to "breath" and self adjust to any Market. All indicators lag so the lagging qualities are not only good but consistent and really smooth. The Erdogic is the tool I use to verify the price oscillations giving me the ability to accurately read them. The color is just to help visually clarify up and down movement. The strength comes from the extreme levels of created Support & Resistance and the Trend. One needs to trade price for consistency. One problem traders have is trading indicators. They are truly beasts or inconsistency.

The only charting software companies I that offer accurate Volume or Contract Bars are; MultiCharts, Ensign and Esignal. There is another but I am at a loss right now. There are other companies that offer them but they fudge in the creation of the bars making them no more consistent than Tick Charts.

 

[hirsch.im.wald]

I do have eSignal.
They offer some really bizarre charting methods called PB, Kagi and Renko, which are nothing else than a point and figure in a different look, as far as I can tell.

I can't find anything that looks like equivolume (i.e. charting price against volume).

 

[VictorS]

Back to Bill's (the originator of this thread) question. how do you guys determine trend?

 

[mhashe]

Quote from Charlie Dow:

Emini S&P Trend

Jim, here is the Swing Trend Chart for the S&P you wanted me to post.

Hey prof. thanks for posting your charts. I enjoyed reading many of your old posts too. After playing with numerous methodologies it seems apparent that regardless of what one uses, most all good systems will give signals at the same turning points in the market. Yours seems to be an optimized price detrended oscillator, I've played with these but never occured to me to use divergence. Used them more as overbought/oversold indicators.

 

[fritz_haber]

Quote from hirsch.im.wald:



I do have eSignal.
They offer some really bizarre charting methods called PB, Kagi and Renko, which are nothing else than a point and figure in a different look, as far as I can tell.

I can't find anything that looks like equivolume (i.e. charting price against volume).

Take ES #F for example and at Interval you put in 1000V for example. This should give you a 1000 Contract Bar Chart of the ES.

Happy Trading,

fritz_haber

 

[cosmic]

morning charlie

tradestation has the bars, too - but they are not accurate enough, because big lot trades are added completely to the currentbar instead of splitting them up. But it depends on how fast your chart is....

i also heard that the newest neuroshell release will feature them & they are working on adding exactly the contract bars that are correct split up.

over all, yes the argument hits home - i mean hey, we still trade contracts

& i also never heard of any market communicating, *gosh* its 10:02 ??? ----- i better move, because its time to do so

happy trading,
cosmic

 

[cosmic]

sometimes a picture is worth more than a thousand words....
you see a long term volume chart of the ES cont contract.

for clarification i plotted a tool on this chart, that marks the significant swing high / low pivots & thus making it real easy to see the overall structure.

one can clearly see how the market moves from "low to high tide" & back to establish a trend.

of course there is more to trading that trend profitably....

happy trading,
cosmic

 

[cosmic]

sorry somehow it did not get through, i'll try it again

 

[Lamont_C]

Quote from cosmic:



& i also never heard of any market communicating, *gosh* its 10:02 ??? ----- i better move, because its time to do so

True. Given the extreme contraction in volatility and range, I've had to give up time and even ticks, at least for the time being (even '94 wasn't this bad).

And anyone trading by candlesticks gets a whole new view of things when trading volume bars, e.g., "engulfing" candles.