I do it manually. I think the number line count can be very discretionary so I wouldn't trust a program to just assign a number based on if/then statements.
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The ACD Method
- Thread starter sbrowne126
- Start date
I do it manually. I think the number line count can be very discretionary so I wouldn't trust a program to just assign a number based on if/then statements.
Quote from flip:
For all of you that look at the number line values: Do you have some kind of spreadsheet were you manually put in all values for each day and market that you follow? Or do you have that automated, i.e. you automatically get the number for each market? In some cases the values might be quite clear (e.g. market makes an A up and closes above A up, so it gets a value of +2 for this day), but there might be some cases where it's not so clear and hence probably difficult to automate.
Something that stuck with me was that Lou, (in the recently posted recording) mentioned that 100 traders will have 100 values. This actually helped me a ton because I used to stress, (unnecessarily) about whether I had, "the right" macro number for the day.
That said, I think you have to do it manually. I still consult the book on days where I'm confused. Fisher outlines every scenario there with great pictures and descriptions.
Quote from drm7:
I had a failed A down then C up on the CL/Z. (60 tick A value on a 15 min OR)
Why haven't you rolled yet to Z?
I am assuming question is for me. I will switch to Z contract on Thursday because till that point X contract has more VOLUME.
I use 45 minutes OR with A value of 8 ticks as recommended by MF.
By the way to have a C up, we need to have A down first. Otherwise , we have a failed A down and then a confirmed A up.
http://www.screencast.com/t/Km0IUnJWwCAU
Quote from drm7:
I had a failed A down then C up on the CL/Z. (60 tick A value on a 15 min OR)
Why haven't you rolled yet to Z?
A related question to all: When you calc monthly / quarterly values for A up / dn, do you use backadjusted contracts for the ATR calculation in order to have enough history or only data of the specific contract? E.g. for the above example, would you use only data from the CLZ11 contract or use a continuous backadjusted contract of CL?
My way would be to use backadjusted contracts. While there might be enough historical data for each single contract of CL, that's not the case for most of the financial futures (equity indices, bonds) where volume shifts to the next contract only a few days before expiry.
Quote from flip:
Maverick, Quon thanks for your replies, so I can imagine you apply the number line concept only to a limited number of markets (hard to follow and track the number line value for numerous markets each day)?
I actually limit myself considerably. I may miss the best moving instruments, but I know the ones I follow well. I just don't have the right rig to follow more than a few things at once.
That said, I still spend a few hours pulling numbers and plugging them into spreadsheets and access. No way around that I guess... At least, not yet.
Quote from Quon:
Another outside day, and officially an outside month today too in the S&P. Fisher talks about the rarity of these in his book, and apparently we last made an outside month in July 2009. Pretty interesting stuff.
Yeah Joe Terranova has mentioned this now several times. If we actually get the outside month that is a very impressive signal.