Going With The 60min Flow!!!

[milind2754]

afl for identification of pivots

/*
Bill William's Alligator System II

Reference Website:
==================
http://www.alpari-idc.com/en/market-analysis-guide/chaos-theory/alligator-and-gator.html

Modified from http://www.amibroker.com/library/detail.php?id=100, by Steve Wiser - [email protected]
Modified by TohMz on June 9th, 2008
*/
//SetChartBkColor(47);

// **********************************************************************

_SECTION_BEGIN("Background");
SetChartOptions(0,chartShowArrows|chartShowDates);
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g
(%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1
)));
}

SetChartBkColor(ParamColor("Outer panel color ",colorDarkYellow)); // color of outer border
SetChartBkGradientFill( ParamColor("Inner panel color upper half",colorDarkYellow),
ParamColor("Inner panel color lower half",colorLightYellow)//color of inner panel
,ParamColor("behind Text Color", colorDarkYellow));
_SECTION_END();


// *****************************************************************




SetChartOptions( 0, chartShowArrows|chartShowDates );

_SECTION_BEGIN("Price Chart");
_N(Title = StrFormat("{{NAME}}- {{INTERVAL}} {{DATE}} O= %g, H= %g, L= %g, C= %g (%.1f%%) V= " +WriteVal( V, 1.0 ) +"\n{{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
PriceStyle = GetPriceStyle();
PriceStyleOpt = ParamStyle("Price Style")|PriceStyle;

if (PriceStyle==styleCandle)
Plot( C, "", colorBlack, PriceStyleOpt);
else
Plot( C, "", IIf( Close >= Ref(C, -1), colorBlue, colorRed ), PriceStyleOpt);
_SECTION_END();

_SECTION_BEGIN("BW Alligator");
/*** The trend indicators ***/

P= ParamList("Price", "Close|(H+L)/2|(H+C+L)/3",1);

if (P=="Close")
A = C;

else
if (P=="(H+C+L)/3")
A = (H+C+L)/3;
else
A = (H+L)/2;

AlligatorJaw = Ref(Wilders(A,13),-8);
AlligatorTeeth = Ref(Wilders(A,8), -5);
AlligatorLips = Ref(Wilders(A,5), -3);

Plot(AlligatorJaw, "Jaw", ParamColor("Jaw's Color",colorBlue), ParamStyle("Jaw's Style", styleThick));
Plot(AlligatorTeeth,"Teeth", ParamColor("Teeth's Color",colorRed), ParamStyle("Teeth's Style", styleThick));
Plot(AlligatorLips, "Lips", ParamColor("Lips's Color",colorGreen), ParamStyle("Lips's Style", styleThick));

_SECTION_END();


_SECTION_BEGIN("BW Fractal");

UpFractal= ValueWhen(
(Ref(H,-2) > Ref(H, -4)) AND
(Ref(H,-2) > Ref(H, -3)) AND
(Ref(H,-2) > Ref(H, -1)) AND
(Ref(H,-2) > H), Ref(H,-2));

DownFractal= ValueWhen(
(Ref(L,-2) <= Ref(L, -4)) AND
(Ref(L,-2) <= Ref(L, -3)) AND
(Ref(L,-2) <= Ref(L, -1)) AND
(Ref(L,-2) <= L), Ref(L,-2));



//== Added Crash crashandburn59 [at] hotmail.com solution
Plot(Ref(UpFractal,2), "Up Fractal", ParamColor("Up Fractal Color",colorRed),8);
Plot(Ref(DownFractal,2), "Down Fractal",ParamColor("Down Fractal Color",colorGreen),8);

//Plot(Max(HHV(H,3),Ref(UpFractal,2)), "Up Fractal", ParamColor("Up Fractal Color",colorRed), ParamStyle("Up Fractal Style", styleLine));
//Plot(Max(HHV(H,3),Ref(DownFractal,2)), "Down Fractal",ParamColor("Down Fractal Color",colorGreen), ParamStyle("Down Fractal Style", styleLine));

//Plot(Max(HHV(H,3),Ref(UpFractal,2)) , "Up Fractal" ,33, styleLine);
//Plot(Min(LLV(L,3),Ref(DownFractal,2)), "Down Fractal",34, styleLine);




_SECTION_END();



_SECTION_BEGIN("Exploration");

/*
Buy: Scan stocks only breakout..maxbreakout (1~30%, default) and Trend is bullish
Sell: Scan stocks only breakout..maxbreakout (1~30%, default) and Trend is bearish

*/
//== Price Increment Value - depend on different country
Inc = 0.1;


//== Set the Price Range for stock to scan
PriceFrom = Param("Price From:", 5, 0.1, 200, Inc);
PriceTo = Param("Price To:", 100, 0.1, 200, Inc);
MaxBreakOut = Param("Max Breakout (%)", 5, 1, 30);
MaxBreakOut = MaxBreakOut/100;

Buy = C>UpFractal AND C<=(1+MaxBreakOut)*UpFractal AND AlligatorTeeth>AlligatorJaw;
Sell = C<DownFractal AND C>=(1-MaxBreakOut)*DownFractal AND AlligatorTeeth<AlligatorJaw;



Filter = (Buy OR Sell) AND (C>=PriceFrom AND C<=PriceTo) AND V>0;


AddTextColumn(FullName(), "Security", 1.0, colorDefault, colorDefault, 200);
AddTextColumn( WriteIf(Buy,"Buy", WriteIf(Sell, "Sell", "")), "Trade", 1.0);
AddColumn( UpFractal, "Up Fratal");
AddColumn( DownFractal, "Down Fratal");
//AddColumn( MA(V,3)/EMA(V,17), "MAV(3/17)");
AddColumn( C, "Today's Close");


_SECTION_END();

 

[VJAY]

Re: 60min Flow Trades for the Week: Saint's Method

Hi vinst,
could you Please explain it with an example.

Regards
VJAY

 

[KomaL2099]

Re: 60min Flow Trades for the Week: Saint's Method

The Red words say that without hitting the filter. So even if filter is hit after 3 bars, we reverse position WITHOUT using moving filter.

regards,
vin

I will put it very simple .... SUppose PH for nifty is at 3000 our SAR is at 3000+15 =3015..... the next bar makes a high of 3010 ... it takes the high of PH but not the SAR ... it means it takes the high Without hitting the filter ..
So we move our SAR to 3010 + 15=3025 ... Now next bar makes a high of 3015 ... we shift our SAR to 3015+15 = 3030 ...


the irony is when SAint mentioned the samething flock of thanks was blown ... even some stating nicely explained ... now when I just copied and paste from there .. simple CTRL C and CTRLV ..... and try to understand it thoroughly I have to battle with opposite views ...

simply say is my understanding of the rule correct or not ... yes or no ... You follow or not is up to your own discretion.
My query was very simple .. I posted two charts(JP ASSOC and HDIL) .. and was just wondering whether I have applied the rule appropriately or not ... or have I missed anything.

EXCERPT FROM ANOTHER POST ..
We had already discussed this one before..........to reiterate:Higher Pivot lows in an uptrend,newer highs,latest stop loss is 3580-15=3565.Price falls to 3570,does not hit our stop loss at 3565 and moves on higher .......move stops down to 3570-15=3555.

Thanks
KomaL

 

[KomaL2099]

Re: 60min Flow Trades for the Week: Saint's Method

In whole discussion my original posts are left far away for saint to see

 

[KomaL2099]

Re: Live discussion Saint's - 60 minute flow

ABAN Switched to LONG at 465+f
LT Switched to LONG at 673+f

 

[beethoven]

Re: 60min Flow Trades for the Week: Saint's Method

Easy Komal. The baby is giving you a rough time it seems. You did right in JPA - these things happen - rare though - SAR keeps shifting as the price limps along without really blasting thru.

Guess others did not understand your query properly.

Happy paper trading

Bee

 

[myvineet]

Re: Live discussion Saint's - 60 minute flow

just search the saint's post from mother thread about gap rule..post no : 900

QUOTE: Basically the 60min Flow trade is supposed to be as little "YOU" as possible..........so we zoom out the charts,and change direction only when something clear cut happens.

VISUAL GAP:What is this nonsense?A gap is a gap is a gap.......Yes,again,my way of telling: Don't micro manage.Don't try to measure the gap...2% or 5%(we believe in exacts,Saint......by visual,you mean 2% or 1%....no ,no,go by the eye,I say.......aw c'mon,Saint...too vague,subjective.....we believe in precision,backtesting,mechanising,etc.......you believe in the EYE ???!!!)

A visual gap is a gap that is obvious on the 60min chart,either by zooming out the chart or by visualisng it across the room.....Apologies for this in the present technofancy world we live in......I believe in the magic of trading,the art,the beauty.....not the dry scientific putting in numbers,and getting some lines and arrows......and Buy/Sell signals.

Thought it best to define me.....so that the next time,someone asks me about the science,.....the dry arid logic,.............cold,hard,facts.....the response would be zilch.Apologies in advance.

Back to topic.......a visual gap is that gap that is obvious to the naked eye from across the room.

Gaps in the direction of the preexisting trend

1.We are long a trade,day 1,2,3,4.......big moves on the 60......trade gets vertical.....wrb's one after another....market shuts and opens with a big visual gap up.Allow the 1st bar to form,put your stop below that bar (with a bit extra) and reverse to short when triggerred.

2.Same as 1 for shorts.

3.All other gaps in the direction of the trend......nothing to be done.Once the day progresses and pivots form,the latest pivot low can become the new recent stop and reverse point.

So long as gaps are in the direction of the trend.........nothing except in case 1 to be done about it.Treat it as if it were a strong move up if that makes you feel better.But when the NIFTY gaps up 150pts,we ache to put that 50-60k in the pocket.And then we mess it up trying to get in lower and give back half or more.Stick to the plan........We want as much of the meat as possible out of that trend move.And in that,we are willing to leave a lot on the table....UNQUOTE

Thanx

 

[myvineet]

Re: 60min Flow Trades for the Week: Saint's Method

just find this explanation about moving filter from saint in 60 min mother thread post no 6636 date 15-10-08...

QUOTE:There is no more analysis of whether gap is below the stop or not........every visual gap the direction of the move which is against the direction of the trade calls for a reversal.

The Rs20 level in case of visual gaps,is a moving filter,which we have been using in the Intraday Mini Flow..............NF gaps up to H 3500 L3466,the next hourly candle has to hit 3520 for us to reverse to longs.....If it reaches 3515,our new entry price is 3535.

There is no moving filter in case of pivot reversals and 2bar method reversals. UNQUOTE

Thanx

vineet

 

[ThE HaMmEr]

Re: 60min Flow Trades for the Week: Saint's Method

Saint sir
Is it the way you did in HDIL ?????

Everytime I have to go and dig the past

Excerpt from SAINTS POST

The virtues of the breakout bar cannot be extolled enough......if the first bar doesn't get us in,the second bar.....when price blasts through a big filter,there is conviction for a reversal.And a limp breakout and the next and then the next.........without hitting the Filter,no conviction.Therefore short.

following or not is upto individual .. but this is what rule says ...
who says SAR can only be shifted from Pivot to pivot

I will put it very simple .... SUppose PH for nifty is at 3000 our SAR is at 3000+15 =3015..... the next bar makes a high of 3010 ... it takes the high of PH but not the SAR ... it means it takes the high Without hitting the filter ..
So we move our SAR to 3010 + 15=3025 ... Now next bar makes a high of 3015 ... we shift our SAR to 3015+15 = 3030 ...


My query was very simple .. I posted two charts(JP ASSOC and HDIL) .. and was just wondering whether I have applied the rule appropriately or not ... or have I missed anything.
EXCERPT FROM ANOTHER POST ..

Thanks
KomaL

hiii komal ji ...... i hope all is well...and ur baby is smiling always.....

this post ahead is posted by SAINT sir.....which states latest rules 4 gaps in 60 min flow...

VISUAL GAPS: A visual gap is simply a gap that can be seen visually.
i. Scenario 1: You are holding short positions in NF and market gaps down
visually. Not 0.5%, not 1%, not 5% and all that, visually. Reverse to longsinitial
position - on the break of the 1st 5min bar. I hope you understand, no
waiting for 3 days and 4 days. Visual gap down in the direction of your short
positions. Go long Rs20 above the first bar. Nothing to be done if prices
keep plummeting in the direction of trade.
ii. Scenario 2: You are holding short positions and market gaps up visually on
your 60min charts. Wait for the first bar to close(5mins), long above that
bar by Rs20, stops below that bar by Rs20 in case reversal back to shorts
happen on the same day. Nothing to be done if longs don't trigger and price
falls from there.
iii. Scenario 3: You are holding longs and market gaps up visually. Reversal
below the first 5min bar's low with stops at 5min bar's high. If lows trigger
by Rs20, exit longs and enter short. Nothing to be done if price gaps up and
keeps shooting up.
iv. Scenario 4: You are holding long positions and market gaps down visually.
Wait for that 5min bar to close. Short below that bar by Rs20 with stops
Rs20 above incase market reverts to longs the same day.
There is no more analysis of whether gap is below the stop or not. Every visual gap
the direction of the move which is against the direction of the trade calls for a
reversal.




The Rs20 level in case of visual gaps is a moving filter, which we have been using
in the Intraday Mini Flow. NF gaps up to H 3500 L3466, the next hourly candle has
to hit 3520 for us to reverse to longs. If it reaches 3515, our new entry price is
3535.
There is no moving filter in case of pivot reversals and 2bar method reversals.





there is sum thing missing in ur understanding of the breakout ........

i will try to explain

this breakout thing is used in case of entry in 1st 5 minutes bar only..... that we use in mini flow.....and gap rules in 60 min flow

now in gap rules 1st 5 min bar hav its significance....... we are long.... markets gaps down .... visually ... we wait 4 the 1st 5 bars to form ... nw we hav high 2780 low 2745 ..

now we go short if 2745 - 25 i.e. 2720 breaks ( if we use 25 pts in case of gap reversals ) ....markets touches 2723 in 1st hourly bar .... that means it didnt break 2720 ... now we use MOVING FILTER and move SAR to new low 2723 - 25 i.e. 2698 ..... now if next hourly bar nifty touches 2707 ....we again use the MOVNG FILTER y ? coz we need a breakout......



this MOVING filter is not used in case of pivots and 2 bar rules......

in case of pivots we just need a pivot break......we already have a filter.....if price gets taken out + filter we are in......

1 scenario if price comes near our entry and forms a NEW pivot dere.....den ofcource we have a new entry point.......otherwise we hav the original SAR.....



now only if saint sir and seniors agree.....


regards

neeraj ( : -- )

 

[KomaL2099]

Re: 60min Flow Trades for the Week: Saint's Method

Hello Saint
How are you.
can you please clear my doubt.
Suppose we are Short with PH at 2900 hence our SAR at 2900+30=2930.

Now the price goes upto 2910 (does not take our SAR).

CASE1---
After hitting 2910 price start moving down and 2910 becomes a new but a Higer PH.
In this case I move my SAR to 2910+30=2940.

CASE2
After hitting 2910 the next subsequent bar makes a new high.
Next bar makes high of 2920 again does not take our SAR.
In such case shall I keep moving my SAR.

I am asking this because in your new rules you have mentioned it only applies for Gap rule not for pivot and Bar2 Reversal.
But in a later post you have advised to move the SAR.
So can you please clear the doubt.

Sorry for not being clear,Komal....but that rule cuts across all scenarios.We want that breakout that reverses our trade to do so in one clean sweep.

The drawback with this is:Taking your example,SAR at 2930.....price makes a new high,but not taken our filter as yet,we raise SAR to 2940,and then to 2955,and then to 2975,and then guess what......it triggers!Happens.....it also saves us many times from a false entry and getting whipsawed out.

But yes......across all scenarios.Any exception to the above....will get back to you.
Saint

There is no moving filter in case of pivot reversals and 2bar method reversals.

Thanx

vineet

There is no moving filter in case of pivot reversals and 2bar method reversals.[/B]

new low 2723 - 25 i.e. 2698 ..... now if next hourly bar nifty touches 2707 ....we again use the MOVNG FILTER y ? coz we need a breakout......



this MOVING filter is not used in case of pivots and 2 bar rules......

in case of pivots we just need a pivot break......we already have a filter.....if price gets taken out + filter we are in......

I had a similar doubt .. becoz two consecutive posts from saint were on different lines ...and he cleared it .. pls read above.
sorry for creating disturbance.