[quote=Bilstein;4549163]As mentioned before, the Rotation factor is used to tell whether prices are "one-timeframing" or not. I coded it into the MP letter (attatched). If anyone wants it, here's what I added;
Volume
The volume for each profile. Displays on daily, weekly, and monthly profiles. Not yearly
Rotation factor
- Rotation Factor - Each letter is given a +1 if it's high is above high of previous letter, and a -1 if it's high is below high of previous letter. In addition, a +1 or -1 is added based on whether the low was above or below the previous low. Each letters RF (anywhere from -2 to +2) is summed to provide the RF of the profile.
The RF is calculated for each day dependent upon which hour you set as the open and is listed in each profile's info box. The RF tally is kept throughout the day, the higher the end-of-day RF, the more upward rotations were present (the more "one-timeframing" up). The lower the number (it CAN be negative) - the more downward rotations were present (more "one-timeframing" down).
Displays on daily, weekly, monthly and yearly profiles.
Quadrant Close
- Quadrant of Open and Close (%) - This represents the relationship of the first/open and last/close price to the overall range. The value can vary anywhere from 0% (first or last trade at very bottom of range) to 100% (first or last trade at very top of range).
Essentially, the day's high/low range is represented by a range of 0% to 100% (0% being the low-100% being the high). A close in the center of the range is a 50% QClose - for example.........
quote]
I really appreciated your addition of Vol. to the previous indi. But it too crashed often. So I added your additions to an indi. I hadn’t had problems with. And I haven’t had a crash since, until I just tried your recent indi. And it crashed! I did the same thing as I did before, just added your addition to one that hasn’t crashed. Ill attach, maybe it wont crash for you. I hope it works for you. Again thank you for your time & effort
But your additions, Excellent ideas
. I can tell you’re well read in AMT may I give you some ideas to consider if you haven’t considered them already, if you have time, in book “MoM’s” pages @136-146 has info about using LDB. Even without LDB info, some of the uses of tracking vol. & Evaluating Commercial Activitycould be helpful, in addition to your recent additions. (Unfortunately I don’t know how to build an indi) Even tgwhbb’s IB indi. If it could take IB’s vol , and average it……… maybe a good idea and maybe not, any ideas or opinions?
Mind over Markets p136-146
One example:
“8. Trend Tests There are several LDB tests that can be employed to
evaluate a market's potential to trend. Two of these, "Average High
Volume" and "Opening-Range Volume" are described below and illustrated
in Figure 4-44.
Average High Volume The first trend test is to simply identify the five
highest "% of Total" volume figures, add them together and then calculate
their average. The larger the average volume figure, the lower the probability that a trend is underway. In Figure 4-44, the five highest
volumes are denoted by asterisks (*).
Opening Range Volume An alternative is to sum the "% of Total" volumes
occurring in the opening range. The higher the resulting figure, the less
likely the potential for a trend. Both of these tests are of little value unless a running record of each is maintained. It is imperative that you develop an understanding for
what is considered an average "opening-range volume" or "high volume
average." Without some benchmark by which to evaluate these figures,
they can be misleading “
Volume
The volume for each profile. Displays on daily, weekly, and monthly profiles. Not yearly
Rotation factor
- Rotation Factor - Each letter is given a +1 if it's high is above high of previous letter, and a -1 if it's high is below high of previous letter. In addition, a +1 or -1 is added based on whether the low was above or below the previous low. Each letters RF (anywhere from -2 to +2) is summed to provide the RF of the profile.
The RF is calculated for each day dependent upon which hour you set as the open and is listed in each profile's info box. The RF tally is kept throughout the day, the higher the end-of-day RF, the more upward rotations were present (the more "one-timeframing" up). The lower the number (it CAN be negative) - the more downward rotations were present (more "one-timeframing" down).
Displays on daily, weekly, monthly and yearly profiles.
Quadrant Close
- Quadrant of Open and Close (%) - This represents the relationship of the first/open and last/close price to the overall range. The value can vary anywhere from 0% (first or last trade at very bottom of range) to 100% (first or last trade at very top of range).
Essentially, the day's high/low range is represented by a range of 0% to 100% (0% being the low-100% being the high). A close in the center of the range is a 50% QClose - for example.........
quote]
I really appreciated your addition of Vol. to the previous indi. But it too crashed often. So I added your additions to an indi. I hadn’t had problems with. And I haven’t had a crash since, until I just tried your recent indi. And it crashed! I did the same thing as I did before, just added your addition to one that hasn’t crashed. Ill attach, maybe it wont crash for you. I hope it works for you. Again thank you for your time & effort
But your additions, Excellent ideas
. I can tell you’re well read in AMT may I give you some ideas to consider if you haven’t considered them already, if you have time, in book “MoM’s” pages @136-146 has info about using LDB. Even without LDB info, some of the uses of tracking vol. & Evaluating Commercial Activitycould be helpful, in addition to your recent additions. (Unfortunately I don’t know how to build an indi) Even tgwhbb’s IB indi. If it could take IB’s vol , and average it……… maybe a good idea and maybe not, any ideas or opinions?Mind over Markets p136-146
One example:
“8. Trend Tests There are several LDB tests that can be employed to
evaluate a market's potential to trend. Two of these, "Average High
Volume" and "Opening-Range Volume" are described below and illustrated
in Figure 4-44.
Average High Volume The first trend test is to simply identify the five
highest "% of Total" volume figures, add them together and then calculate
their average. The larger the average volume figure, the lower the probability that a trend is underway. In Figure 4-44, the five highest
volumes are denoted by asterisks (*).
Opening Range Volume An alternative is to sum the "% of Total" volumes
occurring in the opening range. The higher the resulting figure, the less
likely the potential for a trend. Both of these tests are of little value unless a running record of each is maintained. It is imperative that you develop an understanding for
what is considered an average "opening-range volume" or "high volume
average." Without some benchmark by which to evaluate these figures,
they can be misleading “
Markets are not efficient, rather they are effective - Jones
You gave an update to the indi and I havent had any crashes since. The only thing I think I saw was a misspell of the word arial, it was missing the L. I didnt do anthing, just added those additions to your ind that didnt crash on my PC.
