Spydertrader's Jack Hershey Equities Journal II

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Quote from mattjbarlow:

I bought TWGP at 10:57 AM 27.89. Any comments are welcome, I'm still learning the Bruno R setups and I'm new to everything in general.

5_Min_TWGP.tiff

Daily_TWGP.tiff
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I'm trading it using 2nd derivitives of price and volume.

In at 27.75 and up a bit since.

Doug
 

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Quote from Spydertrader:

Hershey Equities Rank v. 4.0.0

The Newest of the Hershey Chartscripts contains several changes made in an effort to provide easier equity evaluation. Hershey Equities Rank v 4.0.0 contains the same Dry Up Volume and Scoring Calculations used in previous versions. However, several cosmetic and functional changes should improve performance.

A. Enlarged Volume Pane
B. Purple (DU, FRV & Peak) Volume lines to Volume Pane (calculations based on Jack Hershey's IBD Group Instructions)
C. Shading on The Stochastic Indicators when above threshold (50 level on Stochastics (5,2,3) & 80 Level on Stochastics (14,1,3))
D. Stop Offset Calculation to Price Pane based on Dave Richardson's Calculations
E. Second Derivative (Volume and Price) Calculations based on Dougcs (and Wealth-Lab.com Staff) Trade Station Functions
F. Improved 'Bruno R' Mechanical Trading System

The mechanical trading signals require additional optimization. As such, I do not recommend their use beyond educational purposes.

Also, the 'Stop Offset' Calculation should be used with Jack's 'Stop Offset Method' as described in the videos previously posted in this forum.

I hope you find the above Upgrade helpful.

- Spydertrader
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I don't understand the BUY and SELL signals on the Rank 4.0 charts. They don't align with the shading of the stochastics 5,2,3 and 14,1,3. Shouldn't the shading align with a signal?

Jakeytrader
 
Quote from jakeyTrader:

I don't understand the BUY and SELL signals on the Rank 4.0 charts. They don't align with the shading of the stochastics 5,2,3 and 14,1,3. Shouldn't the shading align with a signal?
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Review the 'Bruno R' post for the set-up used in this latest chart script. The buy and sell signals correspond to entry and exit in Jack's 'Bruno R' post. Additional optimization is required, but I have more testing to do before I can publish. The shading indicates Stochastics (5,2,3) above 50 ('High Noon" Clarification) and Stochastics (14,1,3) above 80 (looking for intertwining - 'Hold Signal'). In other words, individuals with various experience levels can obtain different pieces of information from the same chartscript. A beginning trader can still use the DU ----> FRV -----> Peak Volume paradigm, or the DU Volume Line calculations in the Volume Pane. An intermediate Trader might use the Shaded areas of Stochastics in combination with MACD, and a more advanced trader might focus on 'Bruno R' and Second Derivatives. Rather than create separate Chartscripts for various trading methods, I merged everything into one Chartscript allowing for easier updates in the Future.

- Spydertrader
 
I made several 2nd derivitive trades today:

Closed:
TWGP +0.5%
JOBS -1.5%
SHFL +1.3%
ENG even

Still holding:
FTEK +1.7%
GPN +0.4%

Doug
 
Great script! Thanks :)
Quote from Spydertrader:

Hershey Equities Rank v. 4.0.0

The Newest of the Hershey Chartscripts contains several changes made in an effort to provide easier equity evaluation. Hershey Equities Rank v 4.0.0 contains the same Dry Up Volume and Scoring Calculations used in previous versions. However, several cosmetic and functional changes should improve performance.

A. Enlarged Volume Pane
B. Purple (DU, FRV & Peak) Volume lines to Volume Pane (calculations based on Jack Hershey's IBD Group Instructions)
C. Shading on The Stochastic Indicators when above threshold (50 level on Stochastics (5,2,3) & 80 Level on Stochastics (14,1,3))
D. Stop Offset Calculation to Price Pane based on Dave Richardson's Calculations
E. Second Derivative (Volume and Price) Calculations based on Dougcs (and Wealth-Lab.com Staff) Trade Station Functions
F. Improved 'Bruno R' Mechanical Trading System

The mechanical trading signals require additional optimization. As such, I do not recommend their use beyond educational purposes.

Also, the 'Stop Offset' Calculation should be used with Jack's 'Stop Offset Method' as described in the videos previously posted in this forum.

I hope you find the above Upgrade helpful.

- Spydertrader
More...
 
Jack just posted a very informational comment on another ET thread. It is about channels, gaussians, failures to traverse, indicators, etc. on a 30 minute BA chart. It is a great review from the master :), and it brings clarifications of some of the things we discussed about ATHR over this past weekend.
 
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