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[Programming Help] - Seeking help with a simple volume alert

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[2020-04-26 16:41:17] #1 [Go To First Post]
jsmanuse - Posts: 32
Can anyone assist with coding a simple alert for this event?: if the volume increases on the current bar, but the range of the bar decreases then it is true: if not then no alert. I can customize the type of alert - I'm not having any luck so far... thanks! Attached is an example. http://www.sierrachart.com/image.php?Image=1587919357352.png Date Time Of Last Edit: 2020-04-26 16:42:47

[2020-04-26 17:39:21] #2 [Go To First Post]
Ackin - Posts: 1865
but the range of the bar decreases Range Currentbar vs Prior Bar? Try this: =AND(V>V[-1],(H-L)<(H[-1]-L[-1]))

[2020-04-26 18:31:33] #3 [Go To First Post]
jsmanuse - Posts: 32
but the range of the bar decreases Range Currentbar vs Prior Bar? Try this: =AND(V>V[-1],(H-L)<(H[-1]-L[-1])) How to I get it to display on the chart like a dot or an arrow etc.? Thank you so very much for your help.

[2020-04-26 18:39:13] #4 [Go To First Post]
Ackin - Posts: 1865
How to I get it to display on the chart like a dot or an arrow etc.? Thank you so very much for your help. Easy...Default Sierrachart Study Study: ColorBar based On Alert Condition Study settings in the tab "Alerts" insert formula from above Study settings in the tab "Subgraphs" change Drawstyle to .....for example Background

[2020-04-26 18:47:55] #5 [Go To First Post]
Ackin - Posts: 1865
Attached collection (copy to the Data folder in your Sierrachart ... look for the name of this collection in Sierrachart / Menu / Analysis)


colorbar range volume.StdyCollct - Attached On 2020-04-26 18:43:05 UTC - Size: 18.7 KB - 367 views

[2020-04-26 18:50:04] #6 [Go To First Post]
jsmanuse - Posts: 32
Thank you very much - it works perfectly!

[2020-04-26 18:59:52] #7 [Go To First Post]
jsmanuse - Posts: 32
I was wondering if there is a way to create an adaptation of this idea. How would I notate something like this: the range decreases/increases x% and volume decreases by y% - where I can determine the ratio for the signal... like a 90% decrease in the bar range but volume only decreases 80% .... I know that's more complicated. Just wondering what steps to take... I really appreciate your assistance.

[2020-04-26 20:10:26] #8 [Go To First Post]
Ackin - Posts: 1865
I was wondering if there is a way to create an adaptation of this idea. How would I notate something like this: the range decreases/increases x% and volume decreases by y% - where I can determine the ratio for the signal... like a 90% decrease in the bar range but volume only decreases 80% .... I know that's more complicated. Just wondering what steps to take... I really appreciate your assistance. I can create it as a study - as an alert no. (create it for free ...) If you want it, register on the czsk forum, it will be available for download tomorrow. contact link: https://www.sierrachart.com/UserControlPanel.php?page=StudyStore&SCDLLName=zyp_download_free Date Time Of Last Edit: 2020-04-26 21:27:52

[2020-04-27 12:14:09] #9 [Go To First Post]
jsmanuse - Posts: 32
Hi Mr. Ackin, How do I locate the study on your website? There are several forums...not sure which one is the correct one. Thanks - Joe

[2020-04-27 13:32:09] #10 [Go To First Post]
Ackin - Posts: 1865
Hi, It will be in the update folder "Last update Free1" (you have the link to the update folder in the email...the same email containing also login/password to the forum).

[2020-04-27 14:10:04] #11 [Go To First Post]
jsmanuse - Posts: 32
Hi again, I'm on the page - link from the email as you said: (https://forum.obchodni-indikatory.cz/index.php?routestring=forum/free-download/last-update/41534-download-instruction) but I can't figure out what I'm supposed to download. Sorry I'm such a bone-head. I must be missing something. Is there a specific file name? Thanks again and sorry to be so high maintenance...

[2020-04-27 14:25:44] #12 [Go To First Post]
Ackin - Posts: 1865
I'll write you email ... I'll be in the office in an hour.

[2020-04-27 14:30:13] #13 [Go To First Post]
jsmanuse - Posts: 32
No worries... when you are able to it's fine. You are very kind.

[2020-04-27 14:32:00] #14 [Go To First Post]
jsmanuse - Posts: 32
the first alert you wrote works perfectly and it's very very helpful. It's a tool that traders who use Wyckoff market analysis would find useful.

[2020-05-06 07:47:41] #15 [Go To First Post]
Ackin - Posts: 1865
jsmanuse) Do you use only a certain part of Wyckoff's theory or everything according to it? A year ago, I did a bar coloring according to his equations and I didn't find a clean solution. Lack of information.

[2020-05-06 11:01:58] #16 [Go To First Post]
jsmanuse - Posts: 32
I use traditional Wyckoff theory. I have been a mentoring student of Gary Fullett of LTG Trading for a couple of years now. I do not believe it is possible to automate Wyckoff theory, at least not entirely. The two indicators you were so kind to assist me with, are helpful when it comes to spotting certain behavior such as increased volume simultaneous with a smaller range - in Wyckoff this is effort vs result. One of his 3 absolute market rules. Does that help? Date Time Of Last Edit: 2020-05-06 11:02:37

[2020-05-06 11:58:45] #17 [Go To First Post]
Ackin - Posts: 1865
Years ago, I was very interested in Wyckoff. Somewhere on my computer I have photos from the described board from his lectures :) What you're writing didn't help me much, I would have to get back into that theory and reload something. Rather, if I may ask one last question: When you study it for many years and trade accordingly. What do you think about the success of this system "now" and "years ago"? I mean the comparison. Whether automated systems degraded this theory in the resulting success or not.

[2020-10-17 18:57:06] #18 [Go To First Post]
Ackin - Posts: 1865
jsmanuse I do not believe it is possible to automate Wyckoff theory I returned to this topic. I've been working on this for several days. When it's done, would you have the time and desire to compare the result with what you know from this theory? If Yes, DM please

[2020-12-28 16:40:10] #19 [Go To First Post]
User847587 - Posts: 18
Wyckoff uses a priori thinking (a form of deduction) where everyone else uses some mechanistic rule. Since trading is action and commitment at all times then in order to trade effectively, hit what you are aiming at, then most traders commit to a pre-plan, which is mechanistic. Pre-plans can be tested empirically/historically while a priori judgements must be validated with reason and logic. History is irrelevant to a priori thinking but you use it to identify composite man's nature. Once the nature is known or understood trades are possible. I use tested preplans in order to anticipate the cost of a trade.

[2020-12-31 13:31:49] #21 [Go To First Post]
jsmanuse - Posts: 32
Wyckoff uses a priori thinking (a form of deduction) where everyone else uses some mechanistic rule. Since trading is action and commitment at all times then in order to trade effectively, hit what you are aiming at, then most traders commit to a pre-plan, which is mechanistic. Pre-plans can be tested empirically/historically while a priori judgements must be validated with reason and logic. History is irrelevant to a priori thinking but you use it to identify composite man's nature. Once the nature is known or understood trades are possible. I use tested preplans in order to anticipate the cost of a trade. At the end of the day, either you are a profitable trader or you are not. Which one are you?

[2020-12-31 15:01:42] #22 [Go To First Post]
User847587 - Posts: 18
At the end of the day, either you are a profitable trader or you are not. Which one are you? I have used Wyckoff profitably for 20 years. I also take philosophy to heart as therein is the distinction between not only profit & loss but also between action & commitment, on one hand, and misguided action on the other. Principles matter. You?

[2020-12-31 16:11:38] #23 [Go To First Post]
jsmanuse - Posts: 32
I am not profitable if that means being able to make a living, however, Wyckoff is the first approach that has worked for me and put me on the right side of the market. I've been a struggling trader for at least 15 years. Thankfully, more of a break-even for most of it. I'm very happy that I put in the effort to learn Wyckoff and understand the basic principles. Now, to make money and grow the account... The biggest obstacle that I have not overcome is missing trades...lol.

[2020-12-31 16:46:03] #24 [Go To First Post]
User847587 - Posts: 18
The biggest obstacle that I have not overcome is missing trades...lol. Me too! Missing trades is like not answering or following up on an important phone call.

[2020-12-31 21:01:35] #25 [Go To First Post]
User847587 - Posts: 18
I've been a struggling trader for at least 15 years. That's called passion not struggling!

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