Hi Dennis -- Can you tell us a little more about the indicators that you find are leading?
Thanks, Howard www.quantitativetradingsystems.com On Jan 3, 2008 7:13 PM, Dennis Brown <[EMAIL PROTECTED]> wrote: > Steve, > > I have observed many day traders. What you say is true. However, > there is an art to it that the traders themselves don't even > recognize. It has become second nature to them like riding a > unicycle when they are in the Zone. > > It is a good idea to realize that a new person must develop that art > first or he will just as surely blow up his account. > > Working with indicators does not mean that they have to be lagging > indicators. Leading indicators are also possible to create. After > all that is what you are doing in your mind. ;-) > > Best regards, > Dennis > > > On Jan 3, 2008, at 5:37 PM, scourt2000 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 [email protected] <amibroker%40yahoogroups.com>, > "scourt2000" <[EMAIL PROTECTED]> 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 [email protected] <amibroker%40yahoogroups.com>, > "bilbo0211" <bilbod@> wrote: > >>> > >>> --- In [email protected] <amibroker%40yahoogroups.com>, > "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 > > > > > > > > >
