http://www.investor.co.th/LegacyPages/ProgramInvestorOnlineHelpv2007/TrendLineObjects/FibonacciRetracementobjects/tabid/132/Default.aspx
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Gann.html
http://pdfcatch.net/ebook/amibroker+indicator/
http://chart-patterns.netfirms.com/double-top-play.htm
http://www.aboutcurrency.com/university/fxvideocourse/trading_the_double_top_and_double_bottom.shtml
http://www.autochartist.com/
http://hubpages.com/hub/How-to-Trade-the-Wedge-Chart-Pattern-Part-2
http://www.online-stock-trading-guide.com/elliott-wave.html
09 October 2010
line studies
Line Studies
Ellipse
An Ellipse is a non-analytical drawing tool used to highlight specific portions of a chart you believe are significant. For example, Ellipses can highlight a group of bars signifying an upward or downward trend.
You can also use Ellipses in conjunction with analytical tools. For example, you might use Ellipse templates to signify what you believe are market reversals. You can then apply a study that identifies market reversals to determine if your non-analytical interpretation meets the criteria of the analysis technique for market reversals. Combining non-analytical drawing tools with analytical tools allows you to gauge how well you are able to visually identify market phenomenon before incorporating technical analysis studies in your chart.
You can also use Ellipses in conjunction with analytical tools. For example, you might use Ellipse templates to signify what you believe are market reversals. You can then apply a study that identifies market reversals to determine if your non-analytical interpretation meets the criteria of the analysis technique for market reversals. Combining non-analytical drawing tools with analytical tools allows you to gauge how well you are able to visually identify market phenomenon before incorporating technical analysis studies in your chart.
Error Channels
Standard Error Channels are calculated by plotting two parallel lines above and below an x-period linear regression trend line. The lines are plotted a specified number of standard errors away from the linear regression trend line.
Fibonacci Arcs
Fibonacci Arcs are created on a chart by first drawing a trend line between two extreme points, a trough and opposing peak. Three arcs are generated that are centered on the second extreme point and intersect the trend line at Fibonacci Levels, usually of 38.2%, 50% and 61.8% of the distance between a price maximum and minimum. The interpretation of Fibonacci Arcs involves looking for support and resistance as prices approach the arcs. Fibonacci Arcs and Fibonacci Fan Lines are sometimes used together to anticipate support and resistance at the points where the Fibonacci studies intersect.
Fibonacci Fans
Fibonacci Fan Lines are displayed by first drawing a trend line between two extreme points, a high and low. An invisible vertical line is drawn through the second extreme point. Three lines are then drawn from the first extreme point (the leftmost point) passing through the invisible vertical line with their slopes at the Fibonacci levels, usually 38.2%, 50.0% and 61.8%. These lines indicate areas of support and resistance.
Fibonacci Retracements
Fibonacci Retracements are displayed by locating two extreme points, a trough and opposing peak. Five lines are drawn: 100% (the high on the chart), the second at 61.8%, the third at 50%, the fourth at 38.2%, and the last one at 0% (the low on the chart). These price levels often correspond to areas of support and resistance.
Fibonacci Time Zones
Fibonacci time zones are composed by dividing a chart with vertical lines spaced apart in a ratio adhering to the Fibonacci number sequence (1, 1, 2, 3, 5, 8, 13, etc.). The interpretation of Fibonacci Time Zones involves looking for significant price movement near the vertical lines. Also known as Fibonacci Time Series.
Gann Fan
A Gann Fan is drawn between a significant bottom and top (or vice versa) at various angles.
The idea here is to use any of the fan lines as either support (when retracing an uptrend) or resistance (when retracing a downtrend). Once a support line gives, for instance the 2X1 line, it turns into resistance, and the next one, 3X1, turns into support. This gives the trader a trading range that is difficult to fathom with the naked eye, Gann fan lines work best on medium to long-term charts.
The idea here is to use any of the fan lines as either support (when retracing an uptrend) or resistance (when retracing a downtrend). Once a support line gives, for instance the 2X1 line, it turns into resistance, and the next one, 3X1, turns into support. This gives the trader a trading range that is difficult to fathom with the naked eye, Gann fan lines work best on medium to long-term charts.
Quadrant Lines
Quadrant Lines are horizontal lines which divide distance between High and Low of the period into four equal parts. The user defines two points on the price chart, and between them 3 Quadrant Lines are plotted. For significant results, Quadrant Lines should be drawn between a high and low point of price activity on a chart.
Raff Regression
The Raff Regression helps to identify possible areas of support and resistance and helps to identify when departures from the channel may signal potential changes in the price trend in the future.
Rectangle
A Rectangle is a non-analytical drawing tool used to highlight specific portions of a chart you believe to be significant. For example, you can highlight important areas for in-depth analysis and demonstration.
You can also use Rectangle in conjunction with analytical tools. For example, you might use Rectangle to signify what you believe to be market reversals. You can then apply a study that identifies market reversals to determine if your non-analytical interpretation meets the analysis technique’s criteria for market reversals. Combining non-analytical drawing tools with analytical tools allows you to gauge how well you are able to visually identify market phenomenon before incorporating technical analysis studies in your chart.
You can also use Rectangle in conjunction with analytical tools. For example, you might use Rectangle to signify what you believe to be market reversals. You can then apply a study that identifies market reversals to determine if your non-analytical interpretation meets the analysis technique’s criteria for market reversals. Combining non-analytical drawing tools with analytical tools allows you to gauge how well you are able to visually identify market phenomenon before incorporating technical analysis studies in your chart.
Speed Line
Speed Lines is an analytical drawing tool used to identify the support and resistance of a trend and the price level possible trend correction. A Speed Lines tool consists of an underlying trend line on which speed resistance lines are drawn above (representing time) and below (representing price). These speed lines are drawn based on time/price percentages of the distance between the beginning and the end of that underlying trend line.
Speed Lines were developed by Edson Gould and are based on dividing an underlying trend line by the percentages specified, for example, into third - 1/3 and 2/3. Speed lines help to measure trend correction and also the rate a trend line is ascending or descending - in other words, the speed of the trend.
Speed Lines were developed by Edson Gould and are based on dividing an underlying trend line by the percentages specified, for example, into third - 1/3 and 2/3. Speed lines help to measure trend correction and also the rate a trend line is ascending or descending - in other words, the speed of the trend.
Tirone Levels
Tirone Levels are a series of horizontal lines that identify support and resistance levels. They were developed by John Tirone. Tirone Levels indicates possible price movements from important highs and lows. Tirone Levels displays five lines ranging between the extreme high and lows and the adjusted mean price.
To draw a Tirone Levels on a chart two points must be defined: a point High to which there corresponds a ceiling price, and a point Low where price is minimal. The price distance between points is accepted for a unit of measurements - Range.
To draw a Tirone Levels on a chart two points must be defined: a point High to which there corresponds a ceiling price, and a point Low where price is minimal. The price distance between points is accepted for a unit of measurements - Range.
Trend Line
Trend Line is one of the basic analytical charting tools for detecting the principal trend. With the Trend Line one can estimate the strength as well as possible trend reversal points.
Trend lines are possibly the most useful and valuable tool in the study of market trends. Trend lines are utilized in chart analysis to determine the slope of the market trend and assist in ascertaining when the trend is changing. For the purposes of this explanation, up trend lines and down trend lines will primarily be used. Up trend lines are drawn under the rising stock chart lows. Upward moving trend lines are drawn under the stock connecting the dips to easily target a possible entry point. Down trend lines are drawn above the declining stock chart peaks. Downward moving trend lines are drawn on top of the stock, connecting rallies to easily target a shorting possibility. Markets rise and fall at a given slope. Trend lines help traders determine the slope of a given stock.
Trend Lines can assist in determining trends and can also alert you to changes in trend. They are easily applied to a chart and once applied can be easily adjusted, moved, extended or even duplicated.
Trend lines are possibly the most useful and valuable tool in the study of market trends. Trend lines are utilized in chart analysis to determine the slope of the market trend and assist in ascertaining when the trend is changing. For the purposes of this explanation, up trend lines and down trend lines will primarily be used. Up trend lines are drawn under the rising stock chart lows. Upward moving trend lines are drawn under the stock connecting the dips to easily target a possible entry point. Down trend lines are drawn above the declining stock chart peaks. Downward moving trend lines are drawn on top of the stock, connecting rallies to easily target a shorting possibility. Markets rise and fall at a given slope. Trend lines help traders determine the slope of a given stock.
Trend Lines can assist in determining trends and can also alert you to changes in trend. They are easily applied to a chart and once applied can be easily adjusted, moved, extended or even duplicated.
Amibroker sites topics
Utilizing Fibonacci Retracements with Gann Fans
A common question traders have is, what are some good tools for finding support and resistance levels? Nowadays, even the most basic retail charting platforms come loaded with tools used to find these key areas. Unfortunately, many traders are not sure how to use these tools correctly and more importantly; how to implement and combine these powerful tools. Using these tools on their own will help you identify areas of support and resistance. Using these tools together drastically increases the probability of a confirmed breakout and a big move. We will look at 2 of these tools in this article, Gann Fans, and Fibonacci retracements. We will also look at volume as a confirming factor.
Gann Fans
William Delbert Gann was born outside of Lufkin, Texas in 1878. Gann was a financial genius, he started trading at the age of 24 and accumulated a fortune worth over $50 million. Gann developed many trading philosophies using a variety of methodologies. His works have been published for nearly 100 years and are still very much relevant. Gann’s most well known contribution to the trading world is the Gann Fan. The Gann fan is made of a series of angles drawn from a pivot high or a pivot low. The most important of these angles is the 1x1 angle. The 1x1 angle is a 45 degree angle in an uptrend and 315 degrees in a down trend. Below is an example of a Gann Fans.
As you can see, the price trends up to the 1x1 angle very closely and when it breaks the trend line we have a nice move. The other angles of the fan are important however the key angle is the 45 degree 1x1 angle. Using a Gann fan is a good way to find support, however using only a Gann fan can lead to false breakouts and head fakes. Gann fans should be used in conjunction with other drawing tools to find the areas with the highest probability of predictable price movement.
Fibonacci Retracements
Leonardo Fibonacci was an Italian mathematician who is most famous for his work with number sequences. The Fibonacci sequence is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55… The sequence adds the two previous numbers together to get the next number and so on and so on. By dividing the last two numbers of the sequence, i.e. 34/55=61.8 we get the 61.8% ratio. Often referred to as the “golden” ratio, many prominent scientists and mathematicians have spent decades examining the ratio and how it applies to nearly everything from the swirls on a Conch shell to the distance between stars. As the numbers in the Fibonacci sequence increase, dividing the last two numbers in the sequence gets closer and closer to 61.8%. The other ratios are found by dividing alternative numbers of the ratio, i.e 21/55=38.2. This is a very popular tool for finding key support and resistance. Drawn from a swing high to a swing low, the Fibonacci ratios give 2 key areas of support and resistance; the 61.8% retracement and the 32.8% however most Fibonacci tools will have the 50% ratio as well even though it is not derived from the Fibonacci sequence. Below is an example of Fibonacci and Gann used together to spot key areas of support and resistance. These areas are used to confirm breakouts and also should be used to place stop loss and take profit levels.
Volume
Another important tool for identifying meaningful breakouts is volume. Volume is important because many times a move on weak volume will appear to be a breakout, and not follow through. Using any of these tools alone will give you some idea of where moves will happen. Using these tools together will give a much higher probability of confirmed breakouts and meaningful gains. On this chart there is a head fake move up on light volume, followed by the breakout down on rising volume. As you can see, using any one tool on its own may have lead to taking the trade too early and getting stopped out. But when we put all three of these tools together we have a much higher probability of finding good breakouts and more importantly avoiding head fakes.
In the above example, there are many things going on. The first move is the 50% retracement that also coincides with the 1x1 Gann line for an area of strong resistance. As the price begins to retest the first retracement it breaks the 1x1 Gann line on declining volume. The result is a failure to break through the 38.2% retracement. As the price falls on rising volume it breaks through the original support but the 1x1 Gann line serves as new support and the price does not break it.
Summary
Traders should be aware of these key levels for several reasons. The theory of technical analysis is based on the idea that many people looking at the same information will come to similar conclusions, basically the only reason it works is because enough people believe it does. Using these technical levels can give you a better chance of spotting the meaningful breakouts that lead to nice gains. These tools are not limited to any one financial market and can be applied to futures, forex, equities etc… There are many more tools for finding support and resistance however these are two of the more popular ones and therefore should be understood and considered. Volume is also very important to confirm the Gann and Fibonacci levels because light volume moves tend to reverse quickly stopping traders out before the big move. Using these tools together will help you identify the areas for big moves and help to set yourself up for success.
Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regarded neither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.
Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.
Jesse Richards is a Series 3 registered Commodities Futures Broker and a Principal of Fast Trading Services LLC
dotline_emb@yahoo.com simsim@123
Gann Fans
William Delbert Gann was born outside of Lufkin, Texas in 1878. Gann was a financial genius, he started trading at the age of 24 and accumulated a fortune worth over $50 million. Gann developed many trading philosophies using a variety of methodologies. His works have been published for nearly 100 years and are still very much relevant. Gann’s most well known contribution to the trading world is the Gann Fan. The Gann fan is made of a series of angles drawn from a pivot high or a pivot low. The most important of these angles is the 1x1 angle. The 1x1 angle is a 45 degree angle in an uptrend and 315 degrees in a down trend. Below is an example of a Gann Fans.
As you can see, the price trends up to the 1x1 angle very closely and when it breaks the trend line we have a nice move. The other angles of the fan are important however the key angle is the 45 degree 1x1 angle. Using a Gann fan is a good way to find support, however using only a Gann fan can lead to false breakouts and head fakes. Gann fans should be used in conjunction with other drawing tools to find the areas with the highest probability of predictable price movement.
Fibonacci Retracements
Leonardo Fibonacci was an Italian mathematician who is most famous for his work with number sequences. The Fibonacci sequence is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55… The sequence adds the two previous numbers together to get the next number and so on and so on. By dividing the last two numbers of the sequence, i.e. 34/55=61.8 we get the 61.8% ratio. Often referred to as the “golden” ratio, many prominent scientists and mathematicians have spent decades examining the ratio and how it applies to nearly everything from the swirls on a Conch shell to the distance between stars. As the numbers in the Fibonacci sequence increase, dividing the last two numbers in the sequence gets closer and closer to 61.8%. The other ratios are found by dividing alternative numbers of the ratio, i.e 21/55=38.2. This is a very popular tool for finding key support and resistance. Drawn from a swing high to a swing low, the Fibonacci ratios give 2 key areas of support and resistance; the 61.8% retracement and the 32.8% however most Fibonacci tools will have the 50% ratio as well even though it is not derived from the Fibonacci sequence. Below is an example of Fibonacci and Gann used together to spot key areas of support and resistance. These areas are used to confirm breakouts and also should be used to place stop loss and take profit levels.
Volume
Another important tool for identifying meaningful breakouts is volume. Volume is important because many times a move on weak volume will appear to be a breakout, and not follow through. Using any of these tools alone will give you some idea of where moves will happen. Using these tools together will give a much higher probability of confirmed breakouts and meaningful gains. On this chart there is a head fake move up on light volume, followed by the breakout down on rising volume. As you can see, using any one tool on its own may have lead to taking the trade too early and getting stopped out. But when we put all three of these tools together we have a much higher probability of finding good breakouts and more importantly avoiding head fakes.
In the above example, there are many things going on. The first move is the 50% retracement that also coincides with the 1x1 Gann line for an area of strong resistance. As the price begins to retest the first retracement it breaks the 1x1 Gann line on declining volume. The result is a failure to break through the 38.2% retracement. As the price falls on rising volume it breaks through the original support but the 1x1 Gann line serves as new support and the price does not break it.
Summary
Traders should be aware of these key levels for several reasons. The theory of technical analysis is based on the idea that many people looking at the same information will come to similar conclusions, basically the only reason it works is because enough people believe it does. Using these technical levels can give you a better chance of spotting the meaningful breakouts that lead to nice gains. These tools are not limited to any one financial market and can be applied to futures, forex, equities etc… There are many more tools for finding support and resistance however these are two of the more popular ones and therefore should be understood and considered. Volume is also very important to confirm the Gann and Fibonacci levels because light volume moves tend to reverse quickly stopping traders out before the big move. Using these tools together will help you identify the areas for big moves and help to set yourself up for success.
Disclaimer: FastBrokers’ market commentary is provided for information purposes only and under no circumstances should be regarded neither as an investment advice nor as a solicitation or an offer to sell/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.
Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.
Jesse Richards is a Series 3 registered Commodities Futures Broker and a Principal of Fast Trading Services LLC
dotline_emb@yahoo.com simsim@123
08 October 2010
ta topics
http://ta.mql4.com/elliott_wave_theory
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Fibonacci3.html
http://www.mysmp.com/video/technical-analysis/fibonacci-fans.html
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Fibonacci3.html
http://www.mysmp.com/video/technical-analysis/fibonacci-fans.html
21 September 2010
29 August 2010
20 August 2010
13 August 2010
Hieken AShi
http://www.patternexplorer.com/index.php?option=com_frontpage&Itemid=1
http://www.marketcalls.in/2010/01/heikin-ashi-technique-and-nma-aka-nrtr-trading-system.html
http://www.inditraders.com/amibroker/2961-market-profile-amibroker-new-2.html
http://blog.traderslibrary.com/traders-library/2009/09/learning-video-heikin-ashi-candles.html
http://www.traderji.com/amibroker/25415-hiken-ashi-indecator.html
http://kidspips.com/index.php
http://www.marketcalls.in/2010/01/heikin-ashi-technique-and-nma-aka-nrtr-trading-system.html
http://www.inditraders.com/amibroker/2961-market-profile-amibroker-new-2.html
http://blog.traderslibrary.com/traders-library/2009/09/learning-video-heikin-ashi-candles.html
http://www.traderji.com/amibroker/25415-hiken-ashi-indecator.html
http://kidspips.com/index.php
07 August 2010
21 July 2010
FS LINKS
http://systems4trading.com/formulas.php?software=AmiBroker
nbody@walla.com/simsim123
http://www.wisestocktrader.net/
classy/simsim
http://www.traders.com/documentation/FEEDbk_docs/Backissues.html
http://www.blog.stockmaniacs.net/
http://www.traders.com/Traders.html
http://www.inditraders.com/indicators-systems/
nbody@walla.com/simsim123
http://www.wisestocktrader.net/
classy/simsim
http://www.traders.com/documentation/FEEDbk_docs/Backissues.html
http://www.blog.stockmaniacs.net/
http://www.traders.com/Traders.html
http://www.inditraders.com/indicators-systems/
03 July 2010
26 June 2010
VPA V.1.2
VPA
VPA V.1.2 PDF Print E-mail
Written by karthik Marar
Thursday, 24 December 2009 18:53
Now an updated version of the the VPA AFL is now being released. The current release is VPA V.1.2
What is new in this version?
The new version has an exploration to scan for the various conditions at any point of time. You can also to automatic scan at fixed periods as per your trading Time Frame. So that it will be easy to identify stocks which bullish and stocks which are turning bearish. The scan works on any Time frame.
Here is a Snapshot of the exploration window.
Note:
Please note the scan does not work on individual stocks. Works on on the whole market or watch list
Last Updated on Thursday, 24 December 2009 19:12
VPA V.1.2 PDF Print E-mail
Written by karthik Marar
Thursday, 24 December 2009 18:53
Now an updated version of the the VPA AFL is now being released. The current release is VPA V.1.2
What is new in this version?
The new version has an exploration to scan for the various conditions at any point of time. You can also to automatic scan at fixed periods as per your trading Time Frame. So that it will be easy to identify stocks which bullish and stocks which are turning bearish. The scan works on any Time frame.
Here is a Snapshot of the exploration window.
Here is a Snapshot of the exploration window.
Note:
Please note the scan does not work on individual stocks. Works on on the whole market or watch list
Note:
Please note the scan does not work on individual stocks. Works on on the whole market or watch list
Last Updated on Thursday, 24 December 2009 19:12
VPA V.1.2
VPA
VPA V.1.2 PDF Print E-mail
Written by karthik Marar
Thursday, 24 December 2009 18:53
Now an updated version of the the VPA AFL is now being released. The current release is VPA V.1.2
What is new in this version?
The new version has an exploration to scan for the various conditions at any point of time. You can also to automatic scan at fixed periods as per your trading Time Frame. So that it will be easy to identify stocks which bullish and stocks which are turning bearish. The scan works on any Time frame.
Note:
Please note the scan does not work on individual stocks. Works on on the whole market or watch list
Last Updated on Thursday, 24 December 2009 19:12
VPA V.1.2 PDF Print E-mail
Written by karthik Marar
Thursday, 24 December 2009 18:53
Now an updated version of the the VPA AFL is now being released. The current release is VPA V.1.2
What is new in this version?
The new version has an exploration to scan for the various conditions at any point of time. You can also to automatic scan at fixed periods as per your trading Time Frame. So that it will be easy to identify stocks which bullish and stocks which are turning bearish. The scan works on any Time frame.
Here is a Snapshot of the exploration window.
Note:
Please note the scan does not work on individual stocks. Works on on the whole market or watch list
Note:
Please note the scan does not work on individual stocks. Works on on the whole market or watch list
Last Updated on Thursday, 24 December 2009 19:12
Voulme Spread Analysis
Volume Analysis along with price and price spreads is becoming popular due to its simplicity and logic. This is more popularly called Volume Spread Analysis. This involves study of price action and volumes without any derivatives like Indicators. This study is a combination of candlestick analysis and volume analysis.
The basic premise behind the volume spread analysis is that the market is basically moved by the “Smart Money”. The smart money accumulates the stocks at low prices. Then begins a process of marking up the price. Then the “Dumb Money” starts entering the smart slowly. The smart money starts passing the ownership of the stocks to the dumb money. This process is called Distribution. Soon more and more dumb money starts rushing into the market not wanting to be left out of the big rally. Unfortunately the retail traders are the last to get in.
Once the process of distribution is complete the smart money starts rapidly marking down the prices and the dumb money are left holding the stock which was bought at high prices. At the end the smart money is much richer and they can again start accumulating the stock at lower prices. The cycle continues.
involves smart money and dumb money. The smart money will include market movers, Trader syndicates, brokers and institutions. The dumb money would include retail traders and newbie traders. The smart money also called strong hands accumulates stocks from weak hands. This process is called accumulation.
Here we are providing Volume Price Analysis based on our own Volume Price Analysis algorithm.
http://www.tatechnics.in/vpa/vpa-afl
The VPA afl
We are providing an Volume Spread Analysis AFL for the Amibroker platform. Following is a brief description of the functions in the VPA afl.
The VPA provides a price chart with VSA signals for the various bar. A top Title sections has an Information area. A commentary for each VSA signal is also provided. The commentary appears as and when the signal appears.
Information Area
The top Title Area provides the basic information about the Stock. It also provides information about the Volume, Spread and the close position of the current Bar. In addition it provides the information about the short term trend status, intermediate Trend Status and the Long term term trend status.
Price Chart with VSA Signals
The price chart provides the indication of the VSA signals for the various Bars. The signals include the standard signals like the upthrust bar, Pseudo upthrust bar, Stopping volume Test etc. i also includes derived signals like strength returning and confirmed weakness which are derived from the previous bars and background. When a signal appears the information area provides the description of the signal and the the at the same time the commentary section provides more details of the signals.
Commentary section
The commentary section provides a detailed commentary about the VSA signal
Note :
The latest released version also includes plotting of resistance / Support lines which are very essential to trade with VSA.
25 June 2010
24 June 2010
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