PureBytes Links
Trading Reference Links
|
While I agree with you that support/resistance is a very important
part of trading, everybody's trading style is different.
You can trade reversals at S/R or you can trade breakouts of S/R.
Indicators help filter out the losing trades.
There are basically 3 kinds of markets, fast trending, moderate
trending and trading range. Adaptive indicators can adjust to market
conditions, fixed period indicators cannot.
What that means is adaptive indicators can do a better job of
filtering out losing trades.
Bill
--- In amibroker@xxxxxxxxxxxxxxx, "scourt2000" <stevehite@xxx> wrote:
>
>
> I offer up this kind of information to help give someone what they
> want. But, in this instance, I'd like mention what's far better than
> any of this CCI/RSI/MACD/Stochastic/blah-blah "stuff", adaptive or
> otherwise.
>
> This is what works since the dawn of trading (I'm speaking mainly to
> you e-mini futures traders out there who are getting too caught up in
> indicators and trying to massage them to infinity in an effort to
> reduce your loss percentage):
>
> Go to a price chart, NOT an indicator. Find support and resistance.
> Buy the stronger supports. Sell the stronger resistances. Scalp the
> weaker ones. Trade heavier with the trend. Manage the trades.
>
> Your research is your confirmation. The better your research, the
> better your real-time performance will be. If you need "momentum
> confirmation" to get into a trade, then please never tell me that
> you're getting in 1-2 bars "ahead of the world" because I'm 1-2 bars
> ahead of YOUR world and what I'm doing is leading price, not
> following it from an indicator derived from price.
>
> There's no follow-up to this on my part. I'm not engaging anyone in
> an argument over this. I have seen literally 100's fall by the
> wayside in the daytrading e-mini world, playing around with
> indicators. The ones I consistently see still in the game and
> trading well are the ones who pay attention primarily to support and
> resistance from a price chart, not from some indicator.
>
> There are exceptions to any general rule. But your likelihood of
> winding up in the blown-out account list is much higher by playing
> with indicators instead of simple, common support and resistance
> through multiple timeframes.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "scourt2000" <stevehite@> wrote:
> >
> >
> > Bill,
> >
> > Sounds like you're interested in John Ehlers' work on adaptive
> > indicators that he explained in Chapter 22 of his book, "Rocket
> > Science for Traders". He took some common momentum indicators
> > (including the CCI) and coded them up to be adaptive in
> Tradestation
> > Easy Language.
> >
> > Also, you can find a couple of articles about this at
> tuckerreport.com
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "bilbo0211" <bilbod@> wrote:
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Howard B" <howardbandy@> wrote:
> > > > For this statement:
> > > > somevar = CCI(parm);
> > > > "somevar" will be an array with one element for every bar of the
> > > data array,
> > > > the value of that element the result of applying the CCI
> function
> > to the
> > > > "average" of that bar ((H+L+C)/3), for the lookback length
> > of "parm".
> > > >
> > > > What problem are you trying to solve?
> > > >
> > >
> > > I want parm to be an array.
> > >
> > > What I am doing is trying to 'tune' the CCI to the dominant cycle
> in
> > > the market.
> > >
> > > Let me give you a simplistic example using moving averages.
> > >
> > > If you are trading a trending market (longer period dominant
> cycle),
> > > you want a longer period moving average to filter out the small
> > (high
> > > frequency) corrections that occur.
> > >
> > > In a trading range market (shorter period dominant cycle), you
> want
> > a
> > > shorter period moving average that can react more quickly to the
> > > shorter term changes in direction.
> > >
> > > I started by using the fft to estimate the dominant cycle but I
> had
> > a
> > > lot of trouble coding something useful so I switched to Ehler's
> > > estimate (using Laguerre filter, it's in the afl library).
> > >
> > > As crude as that estimate is, it improves the performance of the
> > > indicators I tried it on. If I could get a more accurate measure
> of
> > > the dominant cycle, I am confident it would improve performance
> > even more.
> > >
> > > That's why I want the period of the CCI to vary.
> > >
> > > I also don't see any point to include the C of a bar for intraday
> > > charts. I use CCIa((H+L)/2,period).
> > >
> > > Bill
> > >
> >
>
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|