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Registered User
Joined: 6/30/2017
Posts: 1,227
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Bruce, don't worry - this doesn't require four histograms :)
Since Vol Stop isn't PCF-able (guessing due to the variable lookback period) I figured out an alternate entry technique on a napkin that should be easy peasy and close enough.
It's easy to scan for, but I always like to plot a dot on the chart so I can look at past history. It's my poor man's backtester. ;)
Oh yeah, the PCF...
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Previous bar
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Close at or below EMA(8)
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EMA(8) above EMA(34)
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Current bar
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Close above EMA(8)
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EMA(3) above EMA(8)
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EMA(8) above EMA(34)
Btw, that's a TC2000 chart from an article. :)
May be hard to recognize because this guy likes "naked" b&w charts. Claims human eyeballs have more receptors that process black & white than colors - easier to see patterns. Maybe we have some Eye Docs in the house that can speak to that. He doesn't even have EMAs or ANY indicators on his personal charts - this chart is just for illustration.
He definitely never used four MACDs simultaneously. LOL. Different strokes.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following.
C > XAVGC8 AND XAVGC3 > XAVGC8 AND XAVGC8 > XAVGC34 AND C1 <= XAVGC8.1 AND XAVGC8.1 > XAVGC34.1
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 6/30/2017
Posts: 1,227
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Thanks, Bruce.
Turkish coffee humor...
I’ve been asked why I keep brewing coffee in an ibrik, when I have a nice espresso machine. I replied that Turkish coffee has a great sedimental value.
Sedimental, get it? I crack myself up.
Barista!
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Registered User
Joined: 9/17/2010
Posts: 484
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Al, don't know if you are still interested in this topic, but I think I'm having better results using a simpler EMA 8 touch
H>XavgC8 and L<XAvgC8 and XAvgC8 > XAvgC34
Sometimes the Close and the EMA are "too" far from Vol Stop, but conversely I see touches I would miss other wise. Example is PNW today (Oct 24, 2018) the Low is only 3 cents above the Vol Stop
Cheers
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Registered User
Joined: 6/30/2017
Posts: 1,227
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Yeah, simpler is usually better. :)
I haven't given up on directional trading (yet) ... just giving it a rest. Love TC2000, but without a backtester I feel like I'm playing whack-a-mole. Lol.
Currently focused more on trading volatility & time decay rather than direction. Specifically (for now) Double Calendars on SPY options. There's still a directional component, but I like the idea of buying a (relatively slowly) depreciating asset, and selling an asset that depreciates more quickly. Still learning the nuances, but that's what simulated trading is for.
Thanks for the update. Good luck!
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