what scale do you guys use for your volume bars? linear or semi log?
Spydertrader's Jack Hershey Futures Trading Journal
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Linear scale - horizontal rays (color coded as noted) overlayed in the vol region at the following values:
Red line - 2500 contracts
Blue lines - 4500 and 7000 cts levels
Green lines - 9000 and 19,000 cts levels
Red line - 2500 contracts
Blue lines - 4500 and 7000 cts levels
Green lines - 9000 and 19,000 cts levels
Boy - now I went and done it - thought maybe that was the name of some exotic glider plane - hahaha. After reading Wikipedia: Viterbi algorithm, I'm suffering from Excedrin Headache #29!
Sure glad the intellectual groundwork was already in place before I arrived
getting into the volume gaussian analysis as recommended to me earlier by bundlemaker. Just wanna check up whether ive learn't it correctly.
When in an up channel the volume bars should be increasing Black for dominant traverse and decreasing red for non dom traverses.
When in down channel volume should be increasing red in dom traverse and decreasing black in non-dom traverse.
I am confusing regarding FTTS. i have two pictures that i've posted up from earlier posts regarding FTTS.
In the file "FTT gaussian" the b2b forms after the FTT.
In the file "gaussian" the R2R forms at the same time as the FTT. This would imply that the FTT in a down channel will have a b2b that forms at the same time as the FTT.
what is supposed to be the correct formation on an FTT? from my charts i can see b2b forming before FTTs and B2Bs forming after FTTs so i just end up confused as hell.
When in an up channel the volume bars should be increasing Black for dominant traverse and decreasing red for non dom traverses.
When in down channel volume should be increasing red in dom traverse and decreasing black in non-dom traverse.
I am confusing regarding FTTS. i have two pictures that i've posted up from earlier posts regarding FTTS.
In the file "FTT gaussian" the b2b forms after the FTT.
In the file "gaussian" the R2R forms at the same time as the FTT. This would imply that the FTT in a down channel will have a b2b that forms at the same time as the FTT.
what is supposed to be the correct formation on an FTT? from my charts i can see b2b forming before FTTs and B2Bs forming after FTTs so i just end up confused as hell.
heres the other file
Terminator,
I just reviewed both files you attached and I don't see what you do, but my perspective may not be the same as yours.
Here is the sequence that is ideal, keeping in mind that ideal is just that. The real world offers varying tones to the palette.
You get FTT and then, while price traverses from FTT back to then current RTL, volume will be decreasing just as usual for a non-dominant. Then, the RTL will b/o, and increasing volume will be seen as a retrace (non-dom traverse) transforms into a reversal (dominant in new direction, also known as "change").
My hunch is that the two different b2b (or r2r) that you see is because you're looking at a lower resolution than full forest level. Keep this in mind: while the ideal picture is each bar in the first half of a r2r (for example) is a red price bar with a volume histogram that is sequentially lower in value, this rarely if ever happens. Flaws occur and sometimes things just aren't ideal. Bar to bar or PRV is not where you need to be to see the forest level change in the biggest perspective. You may have some black bars mixed in, the bars probably won't be sequentially lower. You may get a spike somewhere in the middle. None of that changes the overall effect of the b2b.
In order to "see" the overall effect, you need to do one thing: match the number of price bars in the traverse to the number of bars in the histogram you are referencing for determining increasing or decreasing volume.
This is a gross process. No sophisitication or delicateness is involved. I know first hand how easy it is to NOT see what you can't see. Looking back, I can't believe how stubborn my eyes were. Once you get it, you'll say to yourself, "how the hell did I miss this", it's that obvious (once you see it
)
Hope this helps.
I just reviewed both files you attached and I don't see what you do, but my perspective may not be the same as yours.
Here is the sequence that is ideal, keeping in mind that ideal is just that. The real world offers varying tones to the palette.
You get FTT and then, while price traverses from FTT back to then current RTL, volume will be decreasing just as usual for a non-dominant. Then, the RTL will b/o, and increasing volume will be seen as a retrace (non-dom traverse) transforms into a reversal (dominant in new direction, also known as "change").
My hunch is that the two different b2b (or r2r) that you see is because you're looking at a lower resolution than full forest level. Keep this in mind: while the ideal picture is each bar in the first half of a r2r (for example) is a red price bar with a volume histogram that is sequentially lower in value, this rarely if ever happens. Flaws occur and sometimes things just aren't ideal. Bar to bar or PRV is not where you need to be to see the forest level change in the biggest perspective. You may have some black bars mixed in, the bars probably won't be sequentially lower. You may get a spike somewhere in the middle. None of that changes the overall effect of the b2b.
In order to "see" the overall effect, you need to do one thing: match the number of price bars in the traverse to the number of bars in the histogram you are referencing for determining increasing or decreasing volume.
This is a gross process. No sophisitication or delicateness is involved. I know first hand how easy it is to NOT see what you can't see. Looking back, I can't believe how stubborn my eyes were. Once you get it, you'll say to yourself, "how the hell did I miss this", it's that obvious (once you see it
)Hope this helps.
is the FTT supposed to always occur at or near a high volume bar? Its just that i keep on finding that my FTTs always are at or near a record volume bar, it is normal?
thanks and happy easter
thanks and happy easter
According to my observation the volume is (much) higher than the volume of the surrounding bars. I prefer however to wait another bar before calling it an FTT.
It is also interesting to see price action on the moment an FTT is formed. IMO it's different from non FTT bars. Str/sq should give a signal too BTW.
regards,
Ivo
p.s. we have holiday so I did not post a chart today.
04-09-2007 ES Chart
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