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Sonic R. System

  • #4,661
  • Aug 6, 2009 8:11pm Aug 6, 2009 8:11pm
Quoting Rastaman
Right, I am setup & am going to stick with these indicators for at least a month. Just using the Demark indicator as a rough TP1.

Just wondering if I need to offset the news indicator as I am here in Japan and if so, does each pair need to be offset differently? I mean would GBP/USD be offset for the Japan-UK time zone and USD/CHF be offset for US time zone?
Hi Rastaman,

I have done some surgery on your template. I love your colors, but you had so much going on it tends to make it difficult to see what price is doing (after all, we are paid to trade price, right?).

In my opinion, you are falling into the same trap I did when I first started to learn SonicR - I kept thinking I needed to add just the right indicator. I wasted months of precious time and profits trying out every new inid posted here at FF and elsewhere. Everything seemed to work for a trade or two and then it wouldn't work. I'd throw those indi's out as another batch was no doubt waiting in the wings.

Thankfully, it finally dawned on me that the problem was not the indicators, but me. I was not diligently applying my wave analsyis, because I was trying to trade the indicators instead of price.

Once I stopped trying new indi's everyday and settled down to learn wave analysis, I never looked back. In fact, even on the M15 I often am wacthing just a naked chart.

Relax, take some of those lines and scribbles off of your chart, and flow with the waves. You can do this, and you do not need more than 1/2 of what you think you do on your chart.

And thank you again for your template. The colors are excellent for my eyes.

Good Luck,

ddaytrader

PS I am short GU - see if ou can find the SonicR for yourself and I will post my chart in the morning. Right now my TP is at 159.33, and I am going to bed.

Good Night
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  • #4,662
  • Aug 6, 2009 8:43pm Aug 6, 2009 8:43pm
Quoting sonicdeejay
As for trend indicating... CCi is already good enough....I do not see a point of loading many indicators that show u same things...

I suggest u should load a vol indi.. (NVO or better vol)...It will show you where the price might move in diff aspect..

Sonic

Okidoki Sonic, I am going to use the PVT volume indicator, simply because it is directional. I get confused with all those colored bars with everything else going on in the chart.
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Starting to see instead of just looking.
  • #4,663
  • Edited 9:55pm Aug 6, 2009 8:56pm | Edited 9:55pm
Quoting ddaytrader
Hi Rastaman,

I have done some surgery on your template. I love your colors, but you had so much going on it tends to make it difficult to see what price is doing (after all, we are paid to trade price, right?).

In my opinion, you are falling into the same trap I did when I first started to learn SonicR - I kept thinking I needed to add just the right indicator. I wasted months of precious time and profits trying out every new inid posted here at FF and elsewhere. Everything seemed to work for a trade or two and then it wouldn't work. I'd throw...
Looks good DD.

Ok, I need the P4 clock to show me when London opens, NY, Berlin and how much candle time is left when I check the Higher TF.
I need a volume indicator as Sonic recommends one and this is obviously a good idea to give some idea of expected move and ranging.

I just added the Demark indicator not for breakout but to give me an idea of possible Tp1 as to be honest with you, I have NO idea how you guys are working out the Tp1 & Tp2.

Once I get used to this system and it becomes (IF) second nature like you guys, I will ditch excess baggage.


Here is the info on the PVT volume indicator.

Because and Price ands Value are so important when considering a stock’s trend, there is an indicator calculated called the price and volume trend (PVT). This is a technical indicator of the health of a stock and is figured by multiplying the volume by the day’s price change and adding it to the previous PVT value. This then gives you an indicator of the balance between the stock’s supply and demand.
Though there are other indicators available for determining a stock’s position, such as the on balance volume (OBV) indicator, the PVT is considered my many to be the most accurate. It is used to predict future movement of the share’s price and is often a factor in determining good stock trading picks.
The way that the PVT is calculated means that it will increase when there is a positive price change and decrease when the price is going down. The greater the price change, the more the amount of volume figures into the PVT.
If the PVT is increasing, that means that there is more money flowing into the stock. The larger the PVT gets, the higher the demand is for that particular stock. Because the PVT grows fastest when volume is high and the price per share is increasing, it is a great indicator for popularity of a particular stock .
If you can get in early on the trend, you have a good chance of benefiting. However, if the PVT has been going up for quite awhile, you may not be able to get in on that trend where it will have much benefit for you.
If the PVT rises when the price is falling during an overall upward trend, there is a good chance that the upward trend will continue, possibly at an increased rate.
If the PVT is decreasing or holding steady, that means that money is flowing out of that particular market. If this happens when the price is increasing, it is often an indicator that the stock value may be at a top or a bottom, thus reversing the trend. When the price trend is reversing from a upward trend to a downward trend, it is an indication to sell any shares in the stock. If the PVT indicates that the stock is bottoming out, it would be a great time to buy that stock if it deemed a good stock trading pick.
When the PVT is decreasing, it is a good time to sell the stock short, which is a chance to gain off the decreasing stock. Because this can only happen when the stock is holding steady or increasing, you will have to time this carefully.
The price and volume trend indicator is a great tool to use to help you make wise decisions on when to buy and sell, and which stocks you desire to invest in. Keep in mind that it is only one of many technical indicators that can be employed in an overall stock trading strategy. Knowing how to read the PVT is a great asset to add to an already well engineered stock trading system.
Starting to see instead of just looking.
  • #4,664
  • Aug 6, 2009 10:05pm Aug 6, 2009 10:05pm
Quoting Rastaman
Looks good DD.

Ok, I need the P4 clock to show me when London opens, NY, Berlin and how much candle time is left when I check the Higher TF.
I need a volume indicator as Sonic recommends one and this is obviously a good idea to give some idea of expected move and ranging.

I just added the Demark indicator not for breakout but to give me an idea of possible Tp1 as to be honest with you, I have NO idea how you guys are working out the Tp1 & Tp2.

Once I get used to this system and it becomes (IF) second nature like you guys, I will ditch excess...
Rastaman, do you have the PVT.mq4 Indicator?
  • #4,665
  • Aug 6, 2009 10:06pm Aug 6, 2009 10:06pm
Hmmmm

Looks like the PVT volume indicator may simply be showing the same curves as the Sonic CCI

Anyone got an idea for a directional volume indicator?
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Starting to see instead of just looking.
  • #4,666
  • Aug 6, 2009 10:13pm Aug 6, 2009 10:13pm
Quoting traderathome
Rastaman, do you have the PVT.mq4 Indicator?

Sure

What do you think about this volume indicator, is it only showing the same curve as the CCI?

I hope this infatuation with the volume indicator hasn't become contagious?

http://www.waitingfornextyear.com/wp...tomic_suit.jpg
Attached File(s)
File Type: mq4 PVT.mq4   3 KB | 578 downloads
Starting to see instead of just looking.
  • #4,667
  • Aug 6, 2009 10:41pm Aug 6, 2009 10:41pm
Quoting Rastaman
Sure

What do you think about this volume indicator, is it only showing the same curve as the CCI?

I hope this infatuation with the volume indicator hasn't become contagious?
I suggest you try this...

Vol indi doesn't "really", show you the direction (In fact, Sonic Dragon and CCI already take care of the trade set up direction)..
But they can give you the big picture where the smart money is moving…


Sonic
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Attached File(s)
File Type: pdf Better_Volume_Indicator.pdf   322 KB | 1,284 downloads
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 739 downloads
  • #4,668
  • Aug 6, 2009 10:52pm Aug 6, 2009 10:52pm
Thanks Sonic,

Yes, I think I just have to bite the bullet and learn to get used to this indi.

As, I write this I just found a volume indicator with an alert.
Starting to see instead of just looking.
  • #4,669
  • Aug 6, 2009 11:32pm Aug 6, 2009 11:32pm
Does,t look to be much difference between these two indicators apart from the Volume MA has a popup alert when volume is detected.

If anyone wants to give them a spin, here is the Alert Volume indicator.

You can change the MA method from 0-3 to get an EMA, SMA, LVMA etc 2 & 3 give a line chart.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Volume MA Alert_v1.0.mq4   7 KB | 562 downloads
Starting to see instead of just looking.
  • #4,670
  • Aug 6, 2009 11:53pm Aug 6, 2009 11:53pm
Quoting Rastaman
Does,t look to be much difference between these two indicators apart from the Volume MA has a popup alert when volume is detected.

If anyone wants to give them a spin, here is the Alert Volume indicator.

You can change the MA method from 0-3 to get an EMA, SMA, LVMA etc 2 & 3 give a line chart.
Without the alert, you can do the same thing by using MT4 Volumes Indicator and then drag 'n drop the Moving Average Indicator on top of the Volumes indicator window....use the MA indy from the standard Indicators file, not the Customs Indicator file. You can then set the moving average to be based upon the "previous indicator" which is the Volumes indicator and set whatever MA number you want. You will see the moving average line for the Volumes on top of the volume bars!
  • #4,671
  • Aug 6, 2009 11:56pm Aug 6, 2009 11:56pm
EU M15: It is making high relative volume spikes, like it wants to drop. The traders are doing a fine job of holding it up after each hard spike down.....
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  • #4,672
  • Aug 6, 2009 11:56pm Aug 6, 2009 11:56pm
Quoting Rastaman
Hmmmm

Looks like the PVT volume indicator may simply be showing the same curves as the Sonic CCI

Anyone got an idea for a directional volume indicator?
Hi Rastaman,

You can try ADX, Absolute Strength or the i_trend, they show which trend is dominating.

Hope that helps
Eileen
Attached File(s)
File Type: mq4 i_Trend.mq4   3 KB | 493 downloads
File Type: mq4 AbsoluteStrength_v1.1july 30..1.mq4   6 KB | 531 downloads
  • #4,673
  • Aug 7, 2009 12:02am Aug 7, 2009 12:02am
Quoting traderathome
Without the alert, you can do the same thing by using MT4 Volumes Indicator and then drag 'n drop the Moving Average Indicator on top of the Volumes indicator window....use the MA indy from the standard Indicators file, not the Customs Indicator file. You can then set the moving average to be based upon the "previous indicator" which is the Volumes indicator and set whatever MA number you want. You will see the moving average line for the Volumes on top of the volume bars!

The MA refuses to go into the volume window, I chose the MA from the insert menu and when that did not work I dragged it from the Navigator window mt4 indicator set but keeps going into the main window.
Starting to see instead of just looking.
  • #4,674
  • Aug 7, 2009 12:03am Aug 7, 2009 12:03am
Quoting Eyyl
Hi Rastaman,

You can try ADX, Absolute Strength or the i_trend, they show which trend is dominating.

Hope that helps
Eileen
Thanks, but are these volume indicators?
By directional, I mean a volume indicator that shows if the volume is in buying or selling, not the direction of the trend.
Starting to see instead of just looking.
  • #4,675
  • Edited 12:36am Aug 7, 2009 12:10am | Edited 12:36am
The falicy behind "Better Volumes" is assigning volumes to accumulation if the bar closes higher, and assigning it to distribution if the bar closes down. We know that many times during a single timeframe the price can be driven down, then high volume, then driven up on light volume, to close higher! Yes, that could be buying/accumulation. But there are also many times when the price is first driven up on light volume and then held up while heavy volume comes in..........SELLING! This is why that indy can show a Red and a White bar, one soon after the other....grossly conflicting messages on the most important signals!!!! The types of signals it attempts to provide, it simply cannot do so with any degree of reliability. On the other hand, the NVO indy tells you exactly, and with 100% accuracy, when higher then normal volume starts coming in, which is a sign of increased trading interest at the then current prices. It cannot tell you if it is buying or selling (like Better Volumes pretends to do), but the trader can take the reliable NVO information, together with other clues from the PA and eventually come to a good conclusion as to what is going on.

Edit: In the forex market, volume data to retailers is a sorry state of affairs. All we get is the volume data off the server that drives our platform. But the forex market involves many, many such servers, each recording incoming volume at their station, and all these servers DO NOT SHARE VOLUME DATA! No, there is no "central clearing" for volume data. So, in a sense, if you live on Cypress and there is a server there, you have to guess what is going on world-wide in the market based on the meager volume info coming thru the server that you are connected to thru your broker on Cypress! That is all we retailers get, and all we are likely to ever get.....a sorry state of affairs. However, even under these conditions, spikes in volume in one place in the world are likely to be reflected by some kind of related spikes in other parts of the world, a signal to all that "something is up". Ferreting out these spikes is what NVO does, and it does it better than any other indicator. Look at the chart....not too hard to see the sudden volume interest, and not too hard to see from PA what it means, either!
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  • #4,676
  • Aug 7, 2009 12:16am Aug 7, 2009 12:16am
Quoting Rastaman
The MA refuses to go into the volume window, I chose the MA from the insert menu and when that did not work I dragged it from the Navigator window mt4 indicator set but keeps going into the main window.
Click on the "Indicators" list to open it. Put cursor on "Moving Average", right click and hold while you then move the cursor down into the "Volumes" indy window and release it. The MA indy window will appear on-screen. Set the MA "Apply to:" the "Previous Indicator's Data." You can then choose color, ma period, and ma method (sma, ema, etc.)
  • #4,677
  • Aug 7, 2009 12:25am Aug 7, 2009 12:25am
Quoting Rastaman
Thanks, but are these volume indicators?
By directional, I mean a volume indicator that shows if the volume is in buying or selling, not the direction of the trend.
Most of them based on deviation. They give quite a fare bit of as which way it is possibly going. I've not try but u may want to superimpose it onto the vol indicator you might have.

Eileen
  • #4,678
  • Aug 7, 2009 12:37am Aug 7, 2009 12:37am
Now, my head is really doing the Whatoozie!

Ok, I think the best bet is to go back to the NVO.
Starting to see instead of just looking.
  • #4,679
  • Aug 7, 2009 12:48am Aug 7, 2009 12:48am
"Reading" NVO Volume:

Look at the chart. Before price moved down, there was relative high volume interest. As price went lower, volume dropped off. But price was worked back up a bit and then again in came relative high volume interest.

In the first event, PA was above 89 ma. The second event occurred only when the price, which had fallen, was being worked back up to "test" the 89 ma, now as resistance....and a good place to resume selling before the price drops again.

So, in conclusion, it would appear, so far, there is a good senario to see this high relative volume as traders finding the best prices at which to sell.
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  • #4,680
  • Aug 7, 2009 1:02am Aug 7, 2009 1:02am
You are right, NVO certainly looks more predictive of volume comming into a trade than the volume indicators.

My mistake....I am losing it for sure today.
Starting to see instead of just looking.
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