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November 2nd, 2009, 10:17 PM
Northern California
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
Posts: 2,109 since Jun 2009
Thanks Given: 1,783
Thanks Received: 3,305
Sharky got me thinking about linear regression....the basis of the Sharkfin paintbar study. It seems that the 21 linear regression can be used as a directional filter with the sharkfin on 2 for pullbacks (re-entries)
On this chart I've got the linear regression in panel one as a line and panel two as a hash. Yes I know it's redundant but I need a little extra reminder to stay on the right side of the market. Panel 1 has the Sharkfin paintbar study and panel 3 has the corresponding dot/line.
Same approach.....different indicators.
Jeff
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
November 2nd, 2009, 11:05 PM
Lagos, Nigeria
Market Wizard
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678
Jeff Castille
Sharky got me thinking about linear regression....the
basis of the Sharkfin paintbar study. It seems that the 21 linear regression can be used as a directional filter with the sharkfin on 2 for pullbacks (re-entries)
On this chart I've got the linear regression in panel one as a line and panel two as a hash. Yes I know it's redundant but I need a little extra reminder to stay on the right side of the market. Panel 1 has the Sharkfin paintbar study and panel 3 has the corresponding dot/line.
Same approach.....different indicators.
Jeff
Jeff,
Which "line regression" indy do you have as a line in Panel 1, and as hash in Panel 2 ?
Lolu
November 2nd, 2009, 11:11 PM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
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Thanks Given: 877
Thanks Received: 8,090
pretty intriguing as my trix indicator only has 2 stages either up or down but it shows divergences .
November 2nd, 2009, 11:45 PM
Northern California
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
Posts: 2,109 since Jun 2009
Thanks Given: 1,783
Thanks Received: 3,305
lolu
Jeff,
Which "line regression" indy do you have as a line in Panel 1, and as hash in Panel 2 ?
Lolu
The Linear Regression used in panel 1 and 2 is the Lin_Reg_color_Paint_v01.....I believe that this indicator is in one of the Sharky packages.
November 3rd, 2009, 01:48 AM
Memphis, Tennessee
Experience: None
Platform: NinjaTrader
Trading: ES, EUR/USD
Posts: 133 since Jul 2009
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Jeff Castille
Hey Skid,
Taking quick profits and reducing risk ASAP is paramount. Right nowI'm debating moving the stop to
breakeven +1 after the first target is hit or.......moving it to say -8. In the latter scenario the first target would be +8 and the stop to -8 would result in a breakeven trade at worst (provided the first target is hit) and still give the trade room to play out and reach your second objective. The reason I suggest such an approach is that often a trade is entered upon the break of support of
resistance .....when support or resistance is broken more often than not that area will be re-tested. Well...... if you entered on the break of support or resistance...reached your first objective and moved the stop to breakeven +1 the market will come back for the re-test and stop you out making your second objective impossible. Just a thought.....see if your observations corroborate this premise. Let me know.
Jeff
YM I like a 10 and a 15
range bar ( I tend to lean a bit more on the 15 range these days)
My observations definitely corroborate that premise. Thanks for the viewpoint.
November 3rd, 2009, 03:04 AM
India
Experience: Intermediate
Platform: Ninjatrader
Posts: 66 since Jun 2009
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Nice work Jeff, with the Scalper Dots.. would like to see more of your charts on a regular basis
November 3rd, 2009, 04:56 AM
Lagos, Nigeria
Market Wizard
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678
Jeff Castille
The Linear Regression used in panel 1 and 2 is the Lin_Reg_color_Paint_v01.....I believe that this indicator is in one of the Sharky packages.
Jeff, I can't find the "Lin_Reg_color_Paint_v01" indy in this forum. Please, could you send it to my private mail or give the link to the Sharky package that contains it.
Lolu
November 3rd, 2009, 06:24 AM
Belgium
Experience: Intermediate
Platform: ninja
Broker: Zen
Trading: YM
Posts: 43 since Sep 2009
Thanks Given: 26
Thanks Received: 40
Maybe we should look further into the more simpler charts.
Look how EUR/USD future contract is behaving with just the TSS en the HalfHourBreaks.
Jojo
November 3rd, 2009, 09:31 AM
Northern California
Experience: Intermediate
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lolu
Jeff, I can't find the "Lin_Reg_color_Paint_v01" indy in this forum. Please, could you send it to my private mail or give the link to the Sharky package that contains it.
Lolu
There you go. I am sure that there are more in the Sharky packages.
Attached Files
Elite Membership required to download: _Lin_Reg_Color_Paint_v01.cs
November 3rd, 2009, 10:22 AM
Paris, France
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
Posts: 2,565 since Jun 2009
Thanks Given: 1,162
Thanks Received: 2,094
Jeff Castille
Went live on CL today.....two winners one loser......still playing with charts.
Hey Jeff, I like seeing you post some CL charts and trying new stuff. You're very creative.
I have a question: Wwhat were your trades? If you took the sharky dots or the shark fin entries you'd be 100%. What were you doing?
I'll check out your charts and see how it works. Thanks for sharing.
Last Updated on April 24, 2024