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Date/Time: Tue, 23 Apr 2024 11:39:07 +0000



Post From: Offering To The Community: Intraday Intensity Oscillator With Filters (and By Tick)

[2018-10-23 23:41:20]
bjohnson777 (Brett Johnson) - Posts: 284
I haven't made a trade this year. With my medical problems, I've been focusing on building and programming some custom hardware to help me. Doing that from the ground up is especially slow and tedious. The rest of my time usually gets stolen by a variety of other things... like me picking up a virus at the grocery store last week or the county shooting up my property taxes to an absurd level.

The way the major market indexes are finally lining up, I'm close to putting in a longer swing trade for the IRA accounts. That probably won't happen until after the US November elections. Time wise, this is how the charts seem to be lining up.

My personal charts are spaghetti and will make your eyes cross. It's good to learn how to focus on different colors, though.

Price chart: (all mine)
Adaptive ERI Moving Average With Filters (good for overall trend).
Adaptive Volume Ratio Moving Average By Tick With Filters (good for shorter term trend).
On Balance Volume By Percent Bar With Filters (thin comparison line to other OBVs).
On Balance Volume Price Movement By Tick With Filters (thin comparison to price line).
Bollinger Band Ribbon (pay attention to where different bands line up).
On Balance Volume By Tick With Filters (MAs off, overall interest, looking for divergence).

Chart Region 2: Price Action (generic studies)
MACD 15, 80, 10, SMA.
Stochastic Fast 20, 7, 70, 30, EMA.
RSI 5, 7, 70, 30, EMA.

Chart Region 3: Volume Action (mostly mine)
MACD based on On Balance Volume By Tick With Filters, OBVTick, 15, 80, 10, SMA.
Intraday Intensity Oscillator By Tick With Filters.
Up/Down Volume Difference By Tick With Filters.
RSI based on On Balance Volume By Tick With Filters, OBVTick, 15, 7, 70, 30, EMA.

Chart Region 4: (mine)
Volume Bars Stacked By Tick (used as a regular volume indicator).

There are a bunch of ″Lines 5″ and ″Scale Study to 100 Graph By Zero Line″ thrown in there so the graphs are visible.

I also use the ″Custom Stock Index Creator″ in another chart book overlaid on SPY to get a feel for the market. When I go active trading again, it will be with index ETFs.

My overall trade style is to follow the trend line. When it breaks, bail out. I use all these indicators with a variation of Elliott Wave Theory to forecast if there's likely to be another move or if a move will be cut short. If I see a stock or ETF I like but it doesn't have clean movement, it gets thrown off the list. Some may have clean movement but lose it from time to time. Those get set aside.

With all this being said, my personal chart style probably won't match anyone else's exactly. The main thing is to test out studies that look interesting, tweak values, and see if they tell you anything useful for your particular trading style. This can be a long and tedious task, but money is on the line, so it pays to be thorough. Since I've open sourced everything, you can also see how the internals work if you're curious. Some traders can get obsessed with this.