As stated in another thread I finally have time to get back into some trading related activities. This thread I am hoping will become a conglomeration of allot of peoples work together to achieve the same goal. So if your interested sign up and lets work together. I am a self taught coder, Which means in short I am good at hacking others code together to build what I want. I am rusty since I haven't opened visual studio or ninja in over 6 months. But the whole time the trading bug has been there. I kept thinking about what I have tried and coded and what I have never seen well implemented. So a few things kept bothering me for the last 10 years
1) All indicators are typically derived from what is available. Price,Volume,Time So in the end 99% of indicators are all the same. Providing only a waters ripple of difference from each other.
2) I don't believe there is the Holy Grail of indicators that would provide 100% accuracy, But i think an edge can be formed for many people in many different ways. For me I would like to find a edge in the world of little availability. IE explore further into the market as a whole. We tend to build indicators that sometimes involve other instruments. But in general they are developed as a indication of our current instrument it is placed upon.
3) I trade options, and typically options on the SPY. I tend to care more about the general market than a certain stock. 90% of stocks tend to go in the direction of the market. So I realize I am talking about the market in general. And we obviously know the stocks the NYSE the DOW and the NASDAQ belong to. So is it able to be derived that the market is moved by the stocks contained there in. But can we assume it takes all the stocks to do this? One of the best indicators I liked in my 10 years is a NYSE tick indicator that is overlaid on a chart of the futures. There was so many times that you could see it leading futures. Even tie this into the SPY and some pretty amazing things can be seen. Now granted trading this on a live scale tends to make you second guess yourself and isn't a sole system.
4) Even if in this thread we get the Midas touch I don't feel it being free to elite members and then stolen by people and sold in the black market will really matter. In fact imo lets put the big mike stamp on this thing possibly to advertise this great website. Lets worry about that when we get there.
5) A handful of people with the same goal can build something in a shorter amount of time and in a better fashion. So lets work together. There have been people on this site who have given hours upon hours of their time to help people learn to code. I would never have been here if it was not for GOMI and many others. Thank you all for your contributions.
So the main reasoning behind this thread is to get a group of people working together to experiment in the same direction with closely the same goals. I ask these people to ask themselves these questions and decide if they are interested in per-suing it farther.
AVOL - DVOL
Advancing Issues The number of issues (securities) that closed above their opening price.
Declining Issues The number of issues (securities) that closed below their opening price.
Allot of pro traders like watching the difference between these to see strength etc. But in reality this is taking volume of upticking to downticking stocks
then we have NYSE tick
The number of stocks trading on an uptick minus the number of stocks trading on a downtick.
Which leaves me with a question. Would it be conservative to assume that if we could take a list of stocks
and combine nyse tick with avol and dvol?
What i envision is the ability to have a list of stocks in ninja and perhaps we build our own ability to build any tick correlated genset. Perhaps even build a line indicator that can take any number of stocks and build a bid and ask for it and map it. I know in my experience in that that price follows size. i don't know let me know what you think guys.