General Trading Chat

[manish9300]

This is based on statistical analysis of price swings in multiple time frames.

Swing ratio on daily chart was at around 7 which is highly abnormal.Generally 90% of times impulse swings wont go further than 3.This is what i was refering to when i said price is very overbought in daily charts.

 

[XRAY27]

Whats your view of these? http://www.traderji.com/amibroker/96518-buy-volume-sell-volume.html#post1033255

i'm using this from amibroker library ...as a support to my demand and supply and along volume divergence...if you don't know the knowledge of VPA then this afl is of no use,there is lot afl for VPA ,but this suit for my study...i don't know that this is already there in the forum...

This is much advanced (VPA) .. this is what i can say

 

[amitrandive]

Swing ratio on daily chart was at around 7 which is highly abnormal.Generally 90% of times impulse swings wont go further than 3.This is what i was refering to when i said price is very overbought in daily charts.

Please explain

 

[manish9300]

google my id + forex factory.you will find a thread there dedicated to this kind of analysis.

 

[princy01]

Bole tu bhery laborious upmove......

ST

ok sir

i got a serious query , if i want to become only carry option trader and option trade in whole month come 3-4 at max ................what would a trader like me do all day when there is no trade at all , how do trader keep busy and still focused like this ?

regards

 

[wisp]

i'm using this from amibroker library ...as a support to my demand and supply and along volume divergence...if you don't know the knowledge of VPA then this afl is of no use,there is lot afl for VPA ,but this suit for my study...i don't know that this is already there in the forum...

This is much advanced (VPA) .. this is what i can say

KM's afl looks like this

 

[Smart_trade]

ok sir

i got a serious query , if i want to become only carry option trader and option trade in whole month come 3-4 at max ................what would a trader like me do all day when there is no trade at all , how do trader keep busy and still focused like this ?

regards

Listen to music,chit chat on TJ,read books .Most swing traders also do a few intraday trades .

ST

 

[princy01]

KM's afl looks like this

share AFL please

regards

 

[wisp]

share AFL please

regards

//Indicator Buy and sell pressure
// By Karthik Marar - www.karthikmarar.blogspot.com
// Public release for personal use only.
//Please do not commercialize this indicator in its original or modified form
_SECTION_BEGIN("Buy & Sell Pressure - Raw - V.1.0");
SetChartOptions(0,chartShowArrows|chartShowDates);
sp 		= H-C;
bp 		= C-L;
bpavg 	= EMA(bp,80);
spavg 	= EMA(sp,80);
nbp 	= bp/bpavg;
nsp 	= sp/spavg;
diff 	= nbp-nsp;
diffcolor = IIf(diff>0,colorGreen,colorOrange);
Varg = EMA(V,80);
nv = V/Varg;
nbfraw = nbp * nv;
nsfraw = - nsp * nv;
nbf = EMA(nbp * nv,20);
nsf = EMA(nsp * nv,20);
SetBarFillColor(colorGreen ); 
PlotOHLC(0,nbfraw,0,nbfraw,"",colorLime, styleCandle ) ;
SetBarFillColor(colorRed ); 
PlotOHLC(0,nsfraw,0,nsfraw,"",colorOrange, styleCandle ) ;
_SECTION_END();
_SECTION_BEGIN("Title");
if( Status("action") == actionIndicator ) 
(
Title = EncodeColor(colorWhite)+ "Buy & Selll Pressure - Raw V.1.0 " + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
 "  - " + Date() +" - "+"\n" + EncodeColor(colorYellow) + "Raw Buying pressure = "+ EncodeColor(colorLime) + WriteVal(nbfraw)+
"\n"+ EncodeColor(colorYellow) + "Raw Selling pressure = "+ EncodeColor(colorRed) +  WriteVal(nsfraw));
_SECTION_END();

//Indicator Buy and sell pressure - Smoothed with Histoggram
// By Karthik Marar - www.karthikmarar.blogspot.com
// Public release for personal use only.
//Please do not commercialize this indicator in its original or modified form
_SECTION_BEGIN("Buy & Sell Pressure - Smoothed with Histogram - V.1.0");
SetChartOptions(0,chartShowArrows|chartShowDates);
sp = H-C;
bp = C-L;
bpavg = EMA(bp,80);
spavg = EMA(sp,80);
nbp = bp/bpavg;
nsp = sp/spavg;
diff = nbp-nsp;
diffcolor = IIf(diff>0,colorGreen,colorOrange);
Varg = EMA(V,80);
nv = V/Varg;
nbfraw = nbp * nv;
nsfraw = nsp * nv;
nbf = EMA(nbp * nv,20);
nsf = EMA(nsp * nv,20);
Plot(nbf,"Buying Pressure",colorTurquoise,1|styleThick);
Plot(nsf,"selling Pressure",colorYellow,1|styleThick);
diff = nbf-nsf;
diffcolor = IIf(diff>0,colorGreen,colorRed);
SetBarFillColor( diffcolor ); 
PlotOHLC(0,diff,0,diff,"Force",IIf(diff>0,colorLime,colorOrange), styleCandle | styleOwnScale ) ;
_SECTION_END();
_SECTION_BEGIN("Title");
if( Status("action") == actionIndicator ) 
(
Title = EncodeColor(colorWhite)+ "Buy & Selll Pressure - Smoothed with Histogram V.1.0 " + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
 "  - " + Date() +" - "+"\n" + EncodeColor(colorYellow) + "Raw Buying pressure = "+ EncodeColor(colorLime) + WriteVal(nbf)+
"\n"+ EncodeColor(colorYellow) + "Raw Selling pressure = "+ EncodeColor(colorRed) +  WriteVal(nsf)+
"\n"+ EncodeColor(colorYellow) + "Force = "+ WriteVal(diff));
_SECTION_END();

 

[princy01]

Listen to music,chit chat on TJ,read books .Most swing traders also do a few intraday trades .

ST

thanks sir

15 minute visual trend is likely down sir ?

regards