mystiq
650 posts
msg #76015
- Ignore mystiq |
7/4/2009 8:00:41 AM
http://emini-watch.com/tradestation-easylanguage-code/400/
Professional profit taking is occurring when the following conditions are met:
Volume is greater than the previous bar’s volume
Range is less than the previous bar’s range
A new high is made (in an uptrend) or a new low (in a downtrend), and
Closes off the highs (in an uptrend) or off the lows (in a downtrend)
The reduction in the bar’s range is the real key. It shows that additional selling (in an uptrend) or additional buying (in a downtrend) is keeping the bar’s range low. So Professional traders are taking profits and/or "fading" the current trend.
You will almost always see Stopping Volume patterns leading up to a market turning point. However, if the trend is strong it might take several Stopping Volume patterns in a row to slow the trend. Remember, most turning points are Stopping Volume patterns, but not all Stopping Volume patterns are turning points! (-.-)
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mystiq
650 posts
msg #76057
- Ignore mystiq |
7/6/2009 5:47:15 AM
?can ANYone code a TRUE/FALSE statistic column to show these STOPS? (-.-)
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chetron
2,817 posts
msg #76058
- Ignore chetron
modified |
7/6/2009 6:45:51 AM
MAYBE....
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mystiq
650 posts
msg #76059
- Ignore mystiq |
7/6/2009 7:57:01 AM
!! Chet- when I reach my goals...have to reward you. Thx !!
can this filter be adjusted so that I can add the vdnstop and vupstop columns to my global filter? to include all the variables? so that if the condition is not met, nothing will be returned? Thx again (-.-)
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chetron
2,817 posts
msg #76061
- Ignore chetron
modified |
7/6/2009 8:05:49 AM
YOU ARE VERY WELCOME. = D
I AM NOT VERY VERSED ON THE USE OF THE GLOBAL THINGY, SORRY : (
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mystiq
650 posts
msg #76063
- Ignore mystiq
modified |
7/6/2009 9:23:34 AM
--I put on the thinking cap--
**now I can add those 2 STATISTIC COLUMNS to my global filter** (-.-)
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chetron
2,817 posts
msg #76065
- Ignore chetron |
7/6/2009 11:23:06 AM
ACTUALLY, YOU WANT TO MULTIPLY THE VARIABLES, NOT ADD.
HTH
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mystiq
650 posts
msg #76067
- Ignore mystiq |
7/6/2009 11:34:58 AM
Thx (-.-)
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