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Hi all,
I came across a very powerful intraday indicator in the files section
and would like to add further confirmation to the signal. My
problem is that I am not very good at reading the code and I have
trouble interpreting how the signals are triggered. The one thing
I like about this indicator is that it can spot powerful reversals in
highly liquid stocks with an ATR > $1. I use it on a 15min
chart and will wait for a signal drawn by the arrows (both long and
short). I would like to add the following code after the arrows
are drawn: (after Gordon rose signal is triggered by the arrows,
then long or short based on below code)
TimeFrameSet ( in1Minute*7 ) ;
MA31 = EMA ( Close, 3 ) ;
MLR31 = LinearReg ( Close, 3 ) ;
TimeFrameRestore () ;
MA3 = TimeFrameExpand ( MA31, in1Minute*7 ) ;
MLR3 = TimeFrameExpand ( MLR31, in1Minute*7 ) ;
I may have given away a very powerful indicator for daytrading.
I've been using this for only a week but the result i've been getting
is impressive. Even though it is still too early to tell, the
results will yield a very consistent return with a good money
management plan that I use. This will only work on certain stocks
based on the settings I have provided in my previous posts. As an
example, I caught a reversal on TIE short on Friday for about
5pts (it went down 10 pts) using this same indicator combined with the
code above. If anyone (must be good at programming in AB) is
interested in working on this project, please contact me via
email. I would like to work on backtesting and running this as a
scan or exploration. ( the current exploration code doesn't work
as well and it does not provide very good signals. It is only the
indicator code that works well in conjuction with my code above)
Other examples on Friday (i missed them, but you get the idea)
SNDK LONG 1053 am
KBH LONG 1039 am
tony
ps: thanks to Gordon Rose for providing this indicator
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