Spydertrader's Jack Hershey Equities Journal II

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Quote from acesheet:

dougcs,

Could you explain the JackGaussian volume indicator you are using or point me to a discussion on it?

{SNIP}


-ace
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ace,

Thanks for your work analyzing S's JI.

My JackGaussianVPCT indicator is the ratio of actual volume / average volume for each intraday bar.

As Spyder's .xls sheet on unusual volume shows, average intraday volume is not constant during the day. Typically, for a 30 min fractal, the first bar has around 15% of the day's total volume while the bars around lunch time are 5% or less. My chart normalizes it by calculating the avg volume for each intraday bar and using that average to divide the actual volume. I consider anything above 1.7x normal to be "unusual volume".

Hope this helps. If you have TS, I'll send you my code.

Doug

ps-since we've had some comments re. ASPV, the "Rocket" parameters picked it up and I enjoyed a nice trade using them.
Chart attached.
 
Quote from Spydertrader:

Gladly. If you recall Jack's advice in the Camtasia videos, he suggested to sort the daily Watch List using an additional column titled 'Unusual Volume' in Qcharts.
{snip}


Once I see Price positive and Unusual Volume levels above threshold for FRV, I interpreted that as a signal to go long. Today, ASPV, ATHR, ENG, COGO and BTUI all exhibited this behavior. In fact, BTUI breached the unusual Volume Threshold right about the same time you were entering your rocket trade. Price for BTUI at that time held at $15.45 USD.

{snip}
I hope you found the above information helpful.

- Spydertrader
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As always, your explanations are clear and helpful. I will need to watch the videos again.

BTW-the ENG trade was my best of the day. It seemed to break a long downtrend on the daily and showed nice PV movement. I traded it using 2nd derivitives for timing on a 15 minurte fractal.

Doug
 
Quote from dougcs:

As always, your explanations are clear and helpful.
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Thanks for the kind words. Now, if I can only figure out a way to translate that Second Derivative Tradestation Radar Screen of yours into a real time wealth-lab scan, I'd be all set. :D

- Spydertrader
 
Forgive me for asking a dumb question.
Is there alink to the summary of this method?

I thought wealth lab was bought out so is that still available?
 
Quote from gpzany:

correct chapper,

but if volume goes beyond PV on the same day, then that is the signal to close out the next morning...
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Ah yes... Peak versus First Rising... my bad :)

These Camtasia videos that I have seen referenced... are those the daily reviews that Spyder posted a while back?
 
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