Ok, two things happened. One, I was inspired by Bill’s new chart. It looks cool. And two, I was talking about volume charts today, and got the itch to play with point-original charts again. So… I made a new entry signal that’s a kind-of second cousin to Bill’s latest code.
Of course, I can’t leave things as simple as an entry arrow… ;-) I have no less than 7 color levels, and it plots anywhere from 1 to 4 dots. You can consider the color as “trend-strength” and the number of dots as “favorable aspects.” Favorable aspects are things like “the moving averages are crossed appropriately” and “the stochastics aren’t already pegged out,” etc. The more dots, the better. In theory, anyway…
Anyway, it seems to look alright, so this may be my next trading chart for awhile. We’ll see…
As an aside… I don’t know how heavy the storms from Hurricane Ike will be where I live… if it’s bad, then I may be gone for a few days… happy trading!
September 12th, 2008 at 6:23 pm
You and Richard need a Backtesting department that follows you two around and crunches numbers for you on all the new goodies you come up with. :)
I take it this one has the ‘chop-o-meter’ built into it?
How does it backtest with some of your prior trades?
On the serious side..
Have you backed up your harddrives and shipped the backup to Glen?
May you and yours be safe,
E.
September 12th, 2008 at 6:36 pm
It’s my paintbars that I’ve had forever. I keep coming back to them because they are so darn pretty.
It’s the volume splitter.
It’s the EOT w/GValu.
And, it’s the new entry signal, which uses the concept of the chop-o-meter, adjusted a little to my tastes. It may do better, and it may do worse. I don’t know. I’ve only eyeballed today and yesterday with it…. I’ll need to find some time when the girlfriend’s not looking to backtest further. :-)