This thread is absolutely great and has caused me to sign up to elite trader.
please keep posting the examples and musings. I started off moderately unconvinced by the theory but am now following along with great interest and may well have to reread the whole thread from the start more carefully. In addition to the system there are other great ideas on the thread such as pushing bars from extreme right edge of screen etc. Mak's last post re gravity was particularly pertinent, I must lose my perpetual slight bearish bias induced by misplaced gravity analogy and may turn charts upside down for a bit.
If you use ensign and are interested in prv you can set up a screen with constant volume bars with at the bottom bars showing the time each bar took to form - this might be useful in graphically showing volume momentum and I'll try to find the link. I believe you can also set up a study to graphically display bid/ask volume which might assist in dom analysis?
As a random question and this may have been answered earlier in the thread is the length of a channel estimable in advance at all by either volatility/angle of channel/confluence with longer term channels? Having said this I understand you are using volume and volume momentum behaviour as the key indicator of possible channel change. Also none of your charts have macd or stoch indicators on them - do you think adding customised MACD (for strong vol/trend) and stoch (for range/low vol) to the mix moght be beneficial or just confusing.
Anyway thanks for all the great posts.
Eagle 8
please keep posting the examples and musings. I started off moderately unconvinced by the theory but am now following along with great interest and may well have to reread the whole thread from the start more carefully. In addition to the system there are other great ideas on the thread such as pushing bars from extreme right edge of screen etc. Mak's last post re gravity was particularly pertinent, I must lose my perpetual slight bearish bias induced by misplaced gravity analogy and may turn charts upside down for a bit.
If you use ensign and are interested in prv you can set up a screen with constant volume bars with at the bottom bars showing the time each bar took to form - this might be useful in graphically showing volume momentum and I'll try to find the link. I believe you can also set up a study to graphically display bid/ask volume which might assist in dom analysis?
As a random question and this may have been answered earlier in the thread is the length of a channel estimable in advance at all by either volatility/angle of channel/confluence with longer term channels? Having said this I understand you are using volume and volume momentum behaviour as the key indicator of possible channel change. Also none of your charts have macd or stoch indicators on them - do you think adding customised MACD (for strong vol/trend) and stoch (for range/low vol) to the mix moght be beneficial or just confusing.
Anyway thanks for all the great posts.
Eagle 8
