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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #18,681
  • Apr 15, 2015 7:59am Apr 15, 2015 7:59am
http://www.zerohedge.com/news/2015-0...ess-conference

Becouse...why not.
  • #18,682
  • Apr 15, 2015 10:55am Apr 15, 2015 10:55am
Quoting ffleo
{quote} their volume is mostly from their clients trading volume inside FXCM. The software package sierracharts (http://www.sierrachart.com/index.php?page=doc/data.php) provides free FXCM data, and the software had price by volume indicator. a sierra chart shown below. {image}

Thank you FFLeo

Will consider this.

With Sierra charts:

when I choose a period, say: April 2014 to April 2015

on what TF is the volume collected from? Can I have 1 year worth of 1 min data?



When I try to calculate 1-2 years worth of 1min data with Excel, Excel often produces some strange errors and needs long to calculate this



I have used my various volume profiles now for quite some time. My idea, when you remember, was to synchronize them in their lookback period to the Murrey Math charts.

I still believe, that the volume profile approach is right, but the Murrey math synchronized approach is not as precise as I would like to see it.


When one compares the leves obtained with 1h candles to the ones with 5 min candles, the difference is far to huge. It is OK for getting the big picture, but within the big picture one is suddenly confronted with simply to much different levels.


So my next approach is to try to calculate as many 1min data as I can get. I think when I can get 2-3 years worth of 1min data one should be able to analyse most of the situations.

3 years worth of 1min data will result in approximately 1 Mio data rows

I can get this much data easily from Dukascopy. Plus: they offer real traded volume.

Since Excel may be way too slow for this task, which program would you recommend for calculating this huge amount of data?
  • #18,683
  • Apr 15, 2015 11:54am Apr 15, 2015 11:54am
Quoting infinitus
{quote} Thank you FFLeo Will consider this. With Sierra charts: when I choose a period, say: April 2014 to April 2015 on what TF is the volume collected from? Can I have 1 year worth of 1 min data? When I try to calculate 1-2 years worth of 1min data with Excel, Excel often produces some strange errors and needs long to calculate this I have used my various volume profiles now for quite some time. My idea, when you remember, was to synchronize them in their lookback period to the Murrey Math charts. I still believe, that the volume profile...
I think sierra chart does what more than you need. Even if I plot the data as 4 hour chart, but the data is kept within the data file in very small time frame :http://www.sierrachart.com/index.php...lTimeFOREX.php.

you can use sierra chart to plot Dukascopy data as long as you save the data in a format that can load into sierra charts, and then plot its volume profile with sierra charts. To use sierra charts' volume by price indicator, the monthly charge is 27 US dollars, to use the price volume opportunity indicator the charge is 40 us dollars. The company is in Europe so you can pay in euro.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #18,684
  • Apr 15, 2015 11:56am Apr 15, 2015 11:56am
Quoting Sixer
The "fundamentals" signal that the shown EU count (Expanded Flat) can`t be correct. Sixer {image}

What now?


The US have diluted more than the Eurozone or Japan

http://research.stlouisfed.org/fred2/graph/?g=17SP


One has to be very careful with statistics
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  • #18,685
  • Apr 15, 2015 11:57am Apr 15, 2015 11:57am
Quoting ffleo
{quote} I think sierra chart does what more than you need. Even if I plot the data as 4 hour chart, but the data is kept within the data file in very small time frame :http://www.sierrachart.com/index.php...lTimeFOREX.php. you can use sierra chart to plot Dukascopy data as long as you save the data in a format that can load into sierra charts, and then plot its volume profile with sierra charts. To use sierra charts' volume by price indicator, the monthly charge is 27 US dollars, to use the price volume opportunity indicator...
If you can get real volume Dukascopy data, I would just use the volume by price indicator for $27 us dollars per month. It should not be hard to save Dukascopy data in sierra charts format (only a matter of some script writing to convert the data).
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #18,686
  • Apr 15, 2015 12:02pm Apr 15, 2015 12:02pm
Quoting ffleo
{quote} If you can get real volume Dukascopy data, I would just use the volume by price indicator for $27 us dollars per month. It should not be hard to save Dukascopy data in sierra charts format (only a matter of some script writing to convert the data).
it is very neat to use sierra charts volume by price indicator, it has a lot of options you can tweak.

Attached Image (click to enlarge)
Click to Enlarge Name: vbp.png Size: 35 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #18,687
  • Apr 15, 2015 12:09pm Apr 15, 2015 12:09pm
Quoting ffleo
{quote} it is very neat to use sierra charts volume by price indicator, it has a lot of options you can tweak. {image}
I would consider sierra charts the most complete trading software out there one can find. I did a lot a research before I settled to this software package. It can do whatever needs one can think of. It is a Windows software, but can run in Linux under wine, just like the following chart under wine in Lunix.

Attached Image (click to enlarge)
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #18,688
  • Edited 1:25pm Apr 15, 2015 12:19pm | Edited 1:25pm
Quoting ffleo
{quote} I would consider sierra charts the most complete trading software out there one can find. I did a lot a research before I settled to this software package. It can do whatever needs one can think of. It is a Windows software, but can run in Linux under wine, just like the following chart under wine in Lunix. {image}
20 chart windows processed at the same time. of course need some computer power. It is running under wine in linux on zotac zbox ID81: http://www.newegg.com/Product/Produc...82E16856173041, using about 60% cpu.

Attached Image (click to enlarge)
Click to Enlarge Name: sierracharts20windows.png Size: 58 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #18,689
  • Apr 15, 2015 12:50pm Apr 15, 2015 12:50pm
Quoting ffleo
{quote} 20 chart windows processed at the same time. of course need some computer power. It is running under wine in lunix on zotac zbox ID81: http://www.newegg.com/Product/Produc...82E16856173041, using about 60% cpu. {image}


GREAT - THANK YOU VERY MUCH FFLEO
  • #18,690
  • Apr 15, 2015 1:05pm Apr 15, 2015 1:05pm
Fellows, please, advise the best ZigZag-like indicator you might know.

Best,
D.P.
Hunting High and Low
  • #18,691
  • Apr 15, 2015 2:03pm Apr 15, 2015 2:03pm
Quoting Dr.Phoenix
Fellows, please, advise the best ZigZag-like indicator you might know. Best, D.P.
Zig-Zag. I used that one in past its good enough.
  • #18,692
  • Apr 15, 2015 4:41pm Apr 15, 2015 4:41pm
EU

1 min Data

Start: 1st of April 2014
End: 14th of April 2015

Comparison: Sample Width 1 pip vs 10 pips
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  • #18,693
  • Apr 15, 2015 5:12pm Apr 15, 2015 5:12pm
same, zoomed in
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  • #18,694
  • Apr 15, 2015 5:38pm Apr 15, 2015 5:38pm
Quoting infinitus
same, zoomed in {image}
nice.
How about binning 5 pip data into one volume bar and making bar wider so there is no gap between bars? A 5 pip bar still has good resolution, and the bar width cover 5 pips.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #18,695
  • Apr 16, 2015 1:29am Apr 16, 2015 1:29am
Quoting ffleo
{quote} nice. How about binning 5 pip data into one volume bar and making bar wider so there is no gap between bars? A 5 pip bar still has good resolution, and the bar width cover 5 pips.

Hi FFLeo,

thank you for considerations.

I have eliminated the gap between the bars. That was easy.

I am not able to do the thing with the 5 pip data. In order to let Excel quick and successful calculate the huge amount of data, I have to avoid doing extra calculation.

Here are the steps:

a) download historical data from Dukascopy

b) import them into the calculating spreadsheet

c) calculate kind of Pivot out of OHLC-Values

d) round them to 4 digits for 1pip width or 3 digits for 10 pip width

e) build an Excel Pivot Table with the rounded pivots-data and the volume data. I tried to work with the Excel function "Consolidate", but it seems to have a 64k limit even in Excel 2010 (which is not documented)

f) draw the chart


So when I would like to build 5 pips wide troughs, I would need to work with additional formulas which would slow down the process considerably.


Well, maybe I find a better way for the 5 pips way
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  • #18,696
  • Apr 16, 2015 4:05am Apr 16, 2015 4:05am
actual data for today

have to write a script for automation of import.......
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  • #18,697
  • Apr 16, 2015 4:40am Apr 16, 2015 4:40am
http://www.zerohedge.com/sites/defau.../picture-5.jpg
The Four Chartsmen Of The Recession
  • #18,698
  • Apr 16, 2015 4:43am Apr 16, 2015 4:43am
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Meet The Woman Who Attacked Mario Draghi: In Her Own Words


great, love her
  • #18,699
  • Apr 16, 2015 4:46am Apr 16, 2015 4:46am
EU

bigger picture


the leg down from the 1.39x top
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  • #18,700
  • Apr 16, 2015 5:52am Apr 16, 2015 5:52am
One reason why those calling for QE4+ will be right in future:
http://www.zerohedge.com/news/2015-0...ts-record-pace

With petrodollar assets declining FED will have to buy them with deficit still not being fixed and structure of spending, thus QE4 is a sure thing.
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