Signal clarity

[dloomis]

Lots of times we are looking for signals and create colored bars/dots/etc to show the trade points.

Here is a little snippet of a neat way I show the signals, in this case the indicator crosses up or down through a certain value.

This code

if(stoch1>pt2 && stoch<pt2){
setBarBgColor( Color.lime );
drawShapeRelative(+0, stoch, Shape.CIRCLE, null, Color.black, Shape.TOP|Shape.ONTOP);
drawShapeRelative(-1, stoch1, Shape.CIRCLE, null, Color.black, Shape.TOP|Shape.ONTOP);
}
if(stoch1<pt8 && stoch>pt8){
setBarBgColor( Color.red );
drawShapeRelative(+0, stoch, Shape.CIRCLE, null, Color.black, Shape.TOP|Shape.ONTOP);
drawShapeRelative(-1, stoch1, Shape.CIRCLE, null, Color.black, Shape.TOP|Shape.ONTOP);
}

produces this chart effect

[FibbGann]

I was just looking into doing this with combining multiple indicators to give one signal. For example using stochastics, CCI, RSI, MACD, etc.

FIbbgann

[dloomis]

I was just looking into doing this with combining multiple indicators to give one signal. For example using stochastics, CCI, RSI, MACD, etc.

Need any help FibbGann?

I am looking to help someone who is interested in posting the results on eSignal with a speific trading signal(s)

[FibbGann]

Sure, can always use the help! Right now I am crunching on the new mouse functions. I came to the decision of just going with CCI, RSI, Stochastics. Was just going to use the general buy sell theory of each (users can change the parameters to there liking) and have them displayed with setBarBgColor/setBarFgColor.
Having the signals when all 3 signals are inplay. It's always nice to throw out a few new efs's for everyone.

Thanks Dloomis

Fibbgann

[dloomis]

Let's see...

CCI entry signal is usually a cross over 100 for long, cross under -100 for long signal

RSI - long signal cross up over 30, short signal cross under 70

Stoch - long signal Xup 20, short signal xDown 80.

So do you wait for all three to signal in the same direction before a signal is confirmed?

[FibbGann]

Well going to have to trial and error this one, but yes you have the params right. was going to try it the way you stated then backtest it. Then maybe try a triple color combination. For example. If 2 signals were go use green for long or if 3 were a go use Lime. Not quite sure how to approach this. Looks like a trail and error process. Hope this is not to confusing, my brain is not cooperating with me this weekend.

Fibbgann

[dloomis]

Here is how I would find the combination of signals you referenced, red bars are short signals, green are long....

(Sorry - it's kinda hacked up, but the concept is in there. WHat I do is keep track of each indicator's status, if it is signally long I flag it with a value of 1, signalling short gets a value of -1. When the three signals add up to 3, bingo, that's a long.

That handles the entry signals, what's the exit signals?

[FibbGann]

The exact opposite would be the exit (short) signals. Not a solid way to look at it, but, it a nice helper for those.

Fibbgann

[dloomis]

so you continue with the long signal til a short signal comes along?

[FibbGann]

I like your idea better! Do you have an efs that does that process instead of cluttering up the chart? Was just trying to load up some more efs's on my original theory for the board members.

I was'nt having much luck with the Themometer.efs for flagging. Maybe I should just hand up my gloves for the weekend. LOL
(yeah right)

Fibbgann

[FibbGann]

The signal are just the initial marker. Just imply all conditions have been met. Ideally one cannot use this indicator to go long and then short when the signal changes.(Entry suppot signals) In my theory a short signal would be more likely

RSI over 90

CCI over 120

Stochatics over 90

Fibbgann

[dloomis]

See attached for the three oscillators, rsi cci and stochastic signaling long and short.

Added the variables for the entry exit signals, and cleaned up the code.

Think you can track how this does and then we adjust the parmeters to fit the situation?

What symbol should we use?

[FibbGann]

Sure can... I was thinking maybe the e-minis? what intervals do we want to track?

Fibbgann

[dloomis]

Re: Reply to post 'Signal clarity'

That was my next question to you

How about 5 minutes es h4 for starters?

Can you post a chart for others to download so they can 'sing along' at
home?

>

[dloomis]

Re: Reply to post 'Signal clarity'

Fibb Gann

How about this question? I think the option to control the individual
parameters should be there.

if(cciL==null) cciL = +100;
if(cciS==null) cciS = -100;//is this just (-cciL) ?

if(rsiL==null) rsiL = + 30;
if(rsiS==null) rsiS = + 70;//is this just (100-rsiL) ?

if(stochL==null)stochL = + 20;
if(stochS==null)stochS = + 80;//is this just (100-stochL) ?


----- Original Message -----
From: <[email protected]>
To: <[email protected]>
Sent: Saturday, December 13, 2003 5:11 PM
Subject: Reply to post 'Signal clarity'


> Hello dloomis,
>
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