Bonds....
The ACD Method
- Thread starter sbrowne126
- Start date
Mav, and anyone else with thoughts on this. Relates only to FX.
I use Sierra Charts and for FX, data is provided by FXCM as part of the package. Daily data (or what is referred to as Historical Data) runs from 5:00pm EST until 5:00pm EST the next day.
My intraday charts and ACD are set to London opening - London opening, currently 3:00am EST until 3:00am EST the next day.
Sometimes, but not always, I for example score a 0 and the daily bar is a long red bar, not a long legged doji as I'd expect to see. Bit disconcerting for ACD to tell me something and be looking at something totally different on the charts. That's been bothering me for a while and now I'm also considering that Pivots and 3 day rolling pivots will also calculate differently.
Thinking of setting up my Daily charts to use intraday data on the London opening as mentioned above. Charts will align with ACD scoring and pivots will calculate accordingly too.
I'm sure I'm not the only one using London opening, so thoughts please?
I use Sierra Charts and for FX, data is provided by FXCM as part of the package. Daily data (or what is referred to as Historical Data) runs from 5:00pm EST until 5:00pm EST the next day.
My intraday charts and ACD are set to London opening - London opening, currently 3:00am EST until 3:00am EST the next day.
Sometimes, but not always, I for example score a 0 and the daily bar is a long red bar, not a long legged doji as I'd expect to see. Bit disconcerting for ACD to tell me something and be looking at something totally different on the charts. That's been bothering me for a while and now I'm also considering that Pivots and 3 day rolling pivots will also calculate differently.
Thinking of setting up my Daily charts to use intraday data on the London opening as mentioned above. Charts will align with ACD scoring and pivots will calculate accordingly too.
I'm sure I'm not the only one using London opening, so thoughts please?
Hold on here. I'm not sure why the times would matter as long as the open is the same. I assume you score your charts by pulling up an intra-day chart and looking at the price action correct? Where your data provider cuts off the chart will impact slightly the ATR readings, but over time this should even out. It seems your trouble is with the daily and not the intra-day chart right?
That's correct Mav. I have the intraday set to begin and end with London Opening. Daily, which I cannot control, begins and ends at 5:00pm EST.
Like you, I have a couple of derivative indicators that expand upon/use the number line as a basis for further calculations involving daily data. Haven't been at FX too long but it is increasingly troubling me that this mix and match might not be the best way to do things.
Like you, I have a couple of derivative indicators that expand upon/use the number line as a basis for further calculations involving daily data. Haven't been at FX too long but it is increasingly troubling me that this mix and match might not be the best way to do things.
The ISEE number on Friday was 75 and the 10 day moving average was 90. Using the 10 day moving average as the sort data point yields 20 events out of 3,118 days of data (beginning on 4/2/2002).
I’ve highlighted in green the 3 times that the daily was in the 70’s with a 10 day moving average at 90. You can see that the overall market, as measured by the SP-500, was mostly positive at the 5, 10, 21, 42, 63 and 126 days later point.
I’ve highlighted in green the 3 times that the daily was in the 70’s with a 10 day moving average at 90. You can see that the overall market, as measured by the SP-500, was mostly positive at the 5, 10, 21, 42, 63 and 126 days later point.
I think the daily is less important. I mean my open starts at 4pm which I guess synchronizes with New Zealand but I still don't like that. But it doesn't really mess up my charts.
Thanks Mav, good to bounce thoughts around. 
IYR is the only positive confirmed Sector. It just completed a Monthly A Up and Shaun’s 5 day has pulled back nicely so it could possibly go higher this week.
IYZ is a negative confirmed and a Monthly A Down.
XLI, XLP, XPL and SPY all ended Friday with their first <= to -9.
You can see the large, mid and small cap growth and value indexes are very negative with most having confirmed negative 30 days.
TLT has continued strong since confirming on 7/16.
VIX confirmed positive on Friday. It is in a Monthly A Down but you can also see Shaun’s 5 day winding down and if it follows its history, will swing up and so will the closes.
IYZ is a negative confirmed and a Monthly A Down.
XLI, XLP, XPL and SPY all ended Friday with their first <= to -9.
You can see the large, mid and small cap growth and value indexes are very negative with most having confirmed negative 30 days.
TLT has continued strong since confirming on 7/16.
VIX confirmed positive on Friday. It is in a Monthly A Down but you can also see Shaun’s 5 day winding down and if it follows its history, will swing up and so will the closes.
Hey King, if you're out there, that steel I left in your backyard, I'm going to need it now.