I have repeated again and again that our toolset is self-adaptable and universal. However all physicists will tell you any filter has a suitable frequency spectrum and you have all seen your usual oscillator going haywire on a spike (high freq.) or on a standstill (zero freq.).
What happened last week is unique, and warrants looking at a few settings, which will revert back to normal in a few days or weeks.
MM ShowMe: We generally use a Frame64 value of 2 i.e. a 128bars lookback period. I recommend temporarily a value of 1 (64 bars).
Swing2: We generally use a value of 0 (for regular swing traders) and 1 for scalpers or fast swing traders. We now increase it to 1 for regular or 2 for scalpers. Note 2 is the max. value for this indicator.
MTFS (aka AdLag64StoK_MTF) increase acceleration and realtimeness factor. Your discretion is needed here. A value of 0.25 for acceleration should do fine in many cases. Realtimeness can be upped to 2 or 3, but one should not overdo it as this can induce a Dorie effect (cf. Nemo) i.e. neglect the historical part of the pattern a bit.
The rest remains unchanged.
Note however that these proposed changes are 100% optional. I personally haven't changed anything to my own charts. Let's not forget that one can also move to a faster time frame set, or stay on the sideline for a while. Nothing with taking a break...
Good trading to all,
bv
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Technical description of my TradeStation Trading Toolset (voisin DOT bruno AT gmail DOT com)
Welcome!
Welcome to TS-Trading-Technique,
where technical details will be published for my TradeStation trading toolset, developed over the years (well... been using TradeStation since 1993...). It is not quite an end product, not quite work in progress either. It does work, and this technique is both the completion of Phase 1 (working toolset and API), and opens the door to both developments of advanced A.I. tools outside TS (which I may eventually release as well as "Phase 2"), and the development of more advanced indicators within TradeStation. Note that since most of the complex calculations are done in the DLL, none of the indicators are protected, allowing the user to further develop indicators in EasyLanguage.
A common question is: Why don't you just write a documentation!? Well, maybe i'm lazy, maybe I think it is a waste of time since nobody ever reads docs, and maybe I believe this bit by bit teaching and coaching is the best way for you to absorb, digest, and finally make this technique your own...
This ''blog" complements the MarketSnapshot public blog, which will be now dedicated to daily/weekly screenshots and market comments. Another private blog exists, and specific chart analysis can be arranged: voisin.bruno AT gmail.com or with Skype (leave a message on "foretrade")
Google Group now also open:
http://groups.google.com/group/ts-tt
RSS Feed: http://feeds.feedburner.com/MarketSnapshot
where technical details will be published for my TradeStation trading toolset, developed over the years (well... been using TradeStation since 1993...). It is not quite an end product, not quite work in progress either. It does work, and this technique is both the completion of Phase 1 (working toolset and API), and opens the door to both developments of advanced A.I. tools outside TS (which I may eventually release as well as "Phase 2"), and the development of more advanced indicators within TradeStation. Note that since most of the complex calculations are done in the DLL, none of the indicators are protected, allowing the user to further develop indicators in EasyLanguage.
A common question is: Why don't you just write a documentation!? Well, maybe i'm lazy, maybe I think it is a waste of time since nobody ever reads docs, and maybe I believe this bit by bit teaching and coaching is the best way for you to absorb, digest, and finally make this technique your own...
This ''blog" complements the MarketSnapshot public blog, which will be now dedicated to daily/weekly screenshots and market comments. Another private blog exists, and specific chart analysis can be arranged: voisin.bruno AT gmail.com or with Skype (leave a message on "foretrade")
Google Group now also open:
http://groups.google.com/group/ts-tt
RSS Feed: http://feeds.feedburner.com/MarketSnapshot
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