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Alternate entry PCF for Vol Stop - more than one way to skin a... Rate this Topic:
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Al_Gorithm
Posted : Friday, September 01, 2017 2:15:19 PM

Gold Customer Gold Customer

Joined: 6/30/2017
Posts: 1,172

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...

  • Previous bar
    • Close at or below EMA(8)
    • EMA(8) above EMA(34)
  • Current bar
    • Close above EMA(8)
    • EMA(3) above EMA(8)
    • 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.

Bruce_L
Posted : Friday, September 01, 2017 2:41:42 PM


Worden Trainer

Joined: 10/7/2004
Posts: 64,321

Please try the following.

C > XAVGC8 AND XAVGC3 > XAVGC8 AND XAVGC8 > XAVGC34 AND C1 <= XAVGC8.1 AND XAVGC8.1 > XAVGC34.1



-Bruce
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Al_Gorithm
Posted : Friday, September 01, 2017 2:51:25 PM

Gold Customer Gold Customer

Joined: 6/30/2017
Posts: 1,172

Thanks, Bruce.

Turkish coffee humor...

I&rsquo;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!

bcochrane
Posted : Wednesday, October 24, 2018 9:07:48 PM
Registered User
Joined: 9/17/2010
Posts: 452

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

Al_Gorithm
Posted : Thursday, October 25, 2018 8:05:09 AM

Gold Customer Gold Customer

Joined: 6/30/2017
Posts: 1,172

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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