Tuesday, November 29, 2016

VWAP Article

I just read this really interesting article on VWAP: 7 Reasons Day Traders Love The VWAP.

It's got a good description of VWAP, some simple trading stategies for VWAP, and some top tips.

The article is mainly aimed at VWAP on stocks. However, it's still a good read.

Monday, November 28, 2016

Candle Pattern Indicator

I'm currently developing a candle pattern indicator. Actually this is something that I had started a year or so ago, but never completed. Finally getting around to finishing it off!

There will actually be 2 indicators (released as a set).

Candle Pattern indicator will detect common Japanese candlestick patterns, e.g. Doji, Spinning Top, Bullish/Bearish Engulfing, Morning Star, Hammer, etc.

Candle Pattern Scanner, will implement the same pattern matching rules, but will do so for a number of instruments (e.g. all forex majors, all forex, all instruments, custom list, etc.). The indicator is similar to my Multi-Indicator indicator and will draw a "min-chart" of the last few candles and the most recently detected candlestick pattern.

This is still a work in-progress, and I only implemented a preliminary subset of candlestick patterns. I also intend to add alerts (e.g. sound/pop-up/email) which can be used to notify the user when a new pattern has formed.

Wednesday, November 9, 2016

Currency Strength and Major Markets (9/11/2016) ; morning after US elects Trump

The currency strength charts shows large moves across the board:

Same for stocks and gold:

And the day has just started. Tie those chin straps...

Tuesday, November 8, 2016

Line Sync (Release 11)

I just uploaded a new version of the Line Sync indicator.

Release 11:
  • Added “auto-label” feature for horizontal and vertical lines 
  • Modified import / export code to support colours better 

The import/export now supports easier colour handling, which now allows colours to be expressed as an integer value, an RGB value or a colour name.
An example of an import/export file is shown below...

The "auto-label" feature can automatically label horizontal lines with price, and vertical lines with the date and time. These automatic labels are only shown when there is no user-defined label.

More information on Line Sync can be found here.

Thursday, November 3, 2016