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J. (cut and paste programmer only)
The Daily Fozzy Method
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christhlo2
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jtrade
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Exponential ATR
I am still working with the Fozzy method & have been looking at stops and targets based on ATR. The question is what period ATR to use, so I am now experimenting with an idea I found at the SBFX forum to make a kind of "exponential ATR" (actually, the idea there was to make an exponential average daily range, but I think ATR makes better sense).
So what I have been doing is simply adding together the 1, 10, 20 & 50 period ATRs and dividing by 4... is this any better than using fib bands or a simply a 10 period ATR ? I have no idea, but wouldn't it be great if TRO added this exponential ATR column to the _SMAA_TRADE_RSIFOZZY indicator (with the 4 periods as inputs) ???
J.
So what I have been doing is simply adding together the 1, 10, 20 & 50 period ATRs and dividing by 4... is this any better than using fib bands or a simply a 10 period ATR ? I have no idea, but wouldn't it be great if TRO added this exponential ATR column to the _SMAA_TRADE_RSIFOZZY indicator (with the 4 periods as inputs) ???
J.
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TheRumpledOne
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NO. The ATR indicator should be a separate indicator.
I really do NOT need to write a new indicator. Instead write a FUNCTION to add up 4 ATRs and return the value. Then use one of my other indicators, like the SAK, and use the FUNCTION as an INPUT!!
I really do NOT need to write a new indicator. Instead write a FUNCTION to add up 4 ATRs and return the value. Then use one of my other indicators, like the SAK, and use the FUNCTION as an INPUT!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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TheRumpledOne
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ELD attached for all indicators and functions.
- Attachments
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- ELD_SAK.ELD
- (16.71 KiB) Downloaded 92 times
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nicknextmove
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rrobin
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Where can I get _SMAA_Divergence?
I have loaded all of the motherloads posted on this forum.
Try the motherloads posted on TS.
https://www.tradestation.com/Discussion ... 776&Page=1
I have loaded all of the motherloads posted on this forum.
Try the motherloads posted on TS.
https://www.tradestation.com/Discussion ... 776&Page=1
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nicknextmove
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Thank you rrobin - it was in one of the older motherlodes.
I have uploaded all of them to this forum so that others could get them from a common place. Find it here:
http://kreslik.com/forums/dload.php?action=category&cat_id=5
I have uploaded all of them to this forum so that others could get them from a common place. Find it here:
http://kreslik.com/forums/dload.php?action=category&cat_id=5
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