Spydertrader's Jack Hershey Futures Trading Journal

[WGTrader]

Quote from txuk:

You want to always work with the immediate spread of YM minus INDU minus Offset.

So you are plotting three values on each bar: current spread, hi extreme, lo extreme.

Hope this helps

Thanks txuk. It is clear now.

 

[nkhoi]

Quote from bucherwin:

Thanks, NKHOI, for the information, I've tried for several days about: file, newbar chart and typed in the formular, select 1-minute, select histogram and message came out each time with"not available".

This computer, I use now, runs window-VISTA. Hmmm, not sure what to do now.

'borrow' a laptop with XP, install a fresh copy of qchart, copy your template to the laptop then try the histogram chart again. If the chart works then it's vista probl.

 

[bucherwin]

NKHOI and EZZY:

Thank you both very much. I think that is the problem of VISTA and I shall do what you've suggested.
My home computers run XP, and I am away from home.

 

[dkm]

ES 10 Apr 07

 

[TXF]

If you calculate the offset between the YM and Indu on any bar and put it into the StrSqz, that bar is a zero. If you did this for every bar, you would have a string of zeros across the chart. That being the case, of what value is this tool?

I'm not condemning or criticizing, just trying to understand the value of the tool and how to use it.

 

[txuk]

Quote from TXF:If you calculate the offset between the YM and Indu on any bar and put it into the StrSqz, that bar is a zero. If you did this for every bar, you would have a string of zeros across the chart. That being the case, of what value is this tool?

Spyder has made several detailed posts this month discussing this, and many others have posted images showing that if setup properly you do not get bars as you describe. Going back to the beginning of the month would be a good place to start your research.

 

[Audkid1]

Quote from Tums:

the problem with the histogram display is that it only shows the value happened at the closing of the bar. If the value on that bar at the final second happens to be high, you have a high histogram reading, if the final value of that bar was low, you have a low histogram reading.

Audkid1's rendition partially overcame that deficiency -- if at anytime the bar traded over 2 (or below -2), the bar colour will be changed, even if it subsequently traded within the threshold.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1422019#post1422019

The color will change if the indicator exceeds the threshold but if it closes within the threshold it will show the default color.
+2 = yellow
-2 = cyan
within threshold = red (default)

 

[Bearbelly]

Isnt the only thing that matters the spread at the moment you need it? I dont think the historical tracking of it is much use.

 

[Audkid1]

Txuk,
Could you show the code paragraph you use to plot the str/sqz extremes? By the way, your PRV volume indicactor is great. I was wondering if there was a way to plot the PRV by dividing the minutes into lets say 15 sec intervals then adding them together to maintain a running total. This way might remove the huge spikes that are possible at the beginning of a new bar. Of course this would become more of a market pace than PRV.
Any thoughts? -jc

 

[makosgu]

Quote from Bearbelly:

Isnt the only thing that matters the spread at the moment you need it? I dont think the historical tracking of it is much use.

YES!!!! EXACTLY! The issue is that many times, one's sweeping frequency is lagging. As a result you may miss the signal. The workaround to this is to then plot a tick chart of the premium value to catch up on the recent extremes...