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sharpshorts

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Reply with quote  #31 

Hi Koog. so you are “Tinkering with the TRIX's standard 18 setting” – -- Everybody's software will render indicators slightly differently. For example, my software shows the standard TRIX as a 20 period LINE that oscillates above and below a zero line. 

The beauty of good software is the ability of the user to make adjustments to parameters in order to best ”see” what they want to see. For me, I like setting TRIX to a 5 or 6 period and displaying it as a histogram. 

It may take a bit of experimentation to find the settings that talk to you and work best for your trading preferences...Sometimes the standard settings do that, right out of the box. In my case, the standard MACD settings do that.


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sharpshorts

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Reply with quote  #32 
Re “Tinkering with the TRIX's" settings...
Here's a picture explanation of some of the tinkering I've done.
I just set up a test chart and keep changing the parameters until I get results I like.
You can do this with almost any oscillator. 
The MACD is used as a 'base' for comparing the changes to the three TRIX EMAs used.
Although both studies are similar to each other, there are subtle differences in the EMA crosses
and the when the histo bars change direction...

(BTW - I don't pay much attention to the numbers in the study panes except for the zero areas)

1 90 percent.jpg


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Littleshark

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Reply with quote  #33 
Liking your stuff SS ... thanks for sharing ...

if you don't mind saying ,,,, what software do you use for charting ???

can't do a lot of that overlay stuff as free Stockcharts user ...
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sharpshorts

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Reply with quote  #34 
Hello Littleshark...my trading chart software is ApexTrader - provided by my broker ApexFutures.
I do have to pay for data for the CBOT and CME symbols I trade ($10/month).
NOTE that they do not have equity data sources so you cannot use it for stocks...Most on-line discount equity brokers will provide software and data if you have an account with them.

Also you can get an excellent charting software for free from MedvedTrading.com that has all the great charting features as well as the extra bells & whistles of portfolios, quotes, alerts, news etc.
I've been using MT along with ApexTrader, using my existing data provider...I very much like their software.

You can run it with free real-time streaming equity quotes using Yahoo data, which includes back-fill data for daily and inter-day charts. 
Their free version will allow you only two open charts at a time and limits them to 3 indicators max. Can't beat the price so try it for a while before subscribing. Subscribing is less than $200 a year for unlimited functions...Their previous charting software was QuoteTracker...


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Koog

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Reply with quote  #35 
I see we are both using the same 8 period signal line. I have been using a 10 baseline the way you are using an 11. It fits into a weekly chart the same as a daily chart as an 8EMA and a 10MA and works very well. But I'd like to find a faster Signal line when using an innerday chart. I trade into a rising 5 minute long candle, it's streaming but allot can happen in 5 minutes. I see where a 7second candle has its advantages but until I find a chart that'll give me a 7second tick I won't know what I'm missing... I got plenty to work on this weekend. Hopefully I'll have a short list to post before Monday Morning.... Have a great evening everyone.......
ps.. Nice way to point out the oh so subtle differences between the TRIX and the MACD histographs "..
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Littleshark

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Reply with quote  #36 
Thanks for the MT reply etc. SS ...
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Littleshark

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Reply with quote  #37 
d
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Littleshark

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Reply with quote  #38 
Sharpshorts ... your 1st chart on page 1 .. awesome stuff ... I love the SlowSTO to price divergence ~ higher low signal !!! ... it has been given a top drawer spot in my trading tool box ... ,,, ... see it on http://schrts.co/RQtTac SPX March to April SlowSTO dips !!! ...

I hope you give other chart systems in the future .., I like to learn from people who know more then I do ...
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