New version 17 available now

Download software Tutorial videos
Subscription & data-feed pricing Class schedule

New account application Trading resources
Margin rates Stock & option commissions

Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Profile: UnclePennybags
User Name: UnclePennybags
Groups: Member
Rank: Registered User
Real Name:
Gender: Gender:
Joined: Friday, June 30, 2017
Last Visit: Monday, July 24, 2017 5:30:51 PM
Number of Posts: 230
[0.08% of all post / 7.93 posts per day]
Last 10 Posts
Topic: MOBO indicator
Posted: Monday, July 24, 2017 2:52:21 PM

The smart money is on XDOWN.

Topic: Request PCF Formula Volatility Breakout
Posted: Monday, July 24, 2017 1:47:00 PM

Congrats, Bruce.

Topic: Comparing relative move magnitudes of price vs indicators
Posted: Monday, July 24, 2017 12:52:28 PM

Kidding, of course :)

Topic: Comparing relative move magnitudes of price vs indicators
Posted: Monday, July 24, 2017 12:50:21 PM

QUOTE (Bruce_L)

Unfortunately I really don't have a way to make this formula short enough to be practical for TC2000 v12. I would only be able to write it for TC2000 v17.

Wasn't Nixon president when v12 rolled out? Time for v17. :)

Topic: Request PCF Formula Volatility Breakout
Posted: Monday, July 24, 2017 12:38:53 PM

QUOTE (Bruce_L)

I really don't know how the following is used, but it is mentioned in the section about Exit Position (so you can make your own conclusions).

ATR14 < XAVG(ATR14, 4)

Yeah, hopefully he/she&#39;s a better trader than a writer, but ATR14 < XAVG(ATR14,4)is actually the exit signal. (You already covered the stops.) There&#39;s "also" an optional "aggressive Target Profit" exit recommended - no idea what that is because I wasn&#39;t really interested. I like the idea of using range expansion and contraction as part of any entry & exit strategy, though ... so this might not be a total waste of time.

But if you want to talk volatility-channel-breakouts, there&#39;s really no need to look any further than Bruce&#39;s world-famous TTM Squeeze & Momentum indicator. (I think diceman gets props for the momo part of it, but I digress :)

Topic: Question re Hull Moving Average
Posted: Monday, July 24, 2017 10:23:33 AM

Yeah, not much online as far as I can tell, either. I always thought even calling it a "moving average" was weird because it has little or no lag - it&#39;s much closer to linear regression analysis than an average. But that&#39;s me. :)

Topic: Question re Hull Moving Average
Posted: Saturday, July 22, 2017 3:29:23 PM

Yup. LIke I said, been reading up on Hull lately. :)

Topic: Request Double Bottom Formula
Posted: Friday, July 21, 2017 5:30:54 PM

Think you just missed Bruce for the weekend. I did a qucik search on double bottom and here&#39;s what Bruce had to say about a month ago. Hope this helps.

QUOTE (Bruce_L)

I don&#39;t think I&#39;ve see what I consider to be a particularly good technique for automatically identifying double bottom or double top patterns in TC2000.

You may wish to review the following for information on pattern recognition in TC2000 (focusing on double/triple top and bottom topics).

Falling wedge
Cup with a handle formation
PCF for cup with a handle
Scanning for Chart Patterns
Scanning for Stocks Printing a Double or Triple Bottom
PCFs for pennants and flags
PCF's for Triangles
Does TeleChart support Elliott Wave indicators?
Double top/bottom trend
Finding Double Tops and Double Bottoms
Finding Continuation Triangles And Wedges With Telechart
Cup & Handle PCF
Double tops and bottoms
Flag wedge and pennant pcf
05/01/2012 Webinar: Trading the Flag and Pennant Patterns
Head and shoulders
TC 2000 Bull falgs, Bear Flags
PCF for rounded bottom trading

That said, I personally do not think complex pattern recognition is practical in TC2000 using formulas and Scans.

They are at the very least beyond my abilities to help you create without a specific unambiguous objective definition of what you are attempting to identify. It can&#39;t be an I know it when I see it type of definition or be based entirely on an image.

This is true of pattern recognition in general with the exception of fixed size candlestick patterns, which are fairly straightforward as long as the pattern is well defined. The first topic referenced in the post has formulas for candlestick patterns.

The following topic has has Condition Formulas to identify candlestick patterns in TC2000.

Boolean PCFs for Candlestick Patterns


Topic: Question re Hull Moving Average
Posted: Friday, July 21, 2017 5:15:07 PM

QUOTE (bcochrane)

I&#39;m actually using Hull MA period 21, at least for the last couple of weeks for swing trades. Saw an internet article (can&#39;t produce reference) where author said that was one of his favorite swing trading patterns...

Might be this one...

I am not a fan of exotic moving average types, and I tend to stay with simple and exponential moving averages. Alan Hull&rsquo;s HMA is an exception.

Put on a 21-period HMA on your favorite chart. You will see that it is unusually smooth and matches the wave-like movement of the market. Tracking the turning points of HMA is a simple way to follow market waves.

Important: While the HMA is one of my favorite trading indicator, it is not the Holy Grail.


Topic: Question re Hull Moving Average
Posted: Friday, July 21, 2017 5:03:20 PM

Also funny, Bruce TOLD me not to copy & paste into the forums and I did it anyway. When will I learn?