Decluttering intraday signals

BC User since June 2007

Here is a technique developed over last couple of days to declutter signals for start of intraday trading. (The Format/Time Axis/Hidden option did not produce small enough gaps between each day so this technique was developed).

I'll use my VSA signals example although the technique can be applied with the code below for any indicator which produces too many signals on smaller timeframe intraday bars.

Some self explanatory screen shots will be posted below.

Essentially I only want to see the signals over the first 10 bars at the start of each day to day trade astock. Once in the trade normal trending techniques will show whether to stay or get out.

1. Remove the cluttering indicator and put a vertical line on the first bar of each day.

[target=Price]

{Identifies first bar of the day See Definition under Hour in Help}

[name=First Intraday bar; Width=1; linestyle=verticalmarker; Color=Black]

if(Hour<hist(Hour,1),c,undefined);

2) Amend the offending cluttered indicator by asdding code below to only show the signals on the first 10 intraday bars to allow a selection for the day during first hour of trading.

prelimOpBar:=if(Hour<hist(Hour,1),1,undefined);

OpBar:=if(prelimOpBar OR Hist(prelimOpBar,1) OR Hist(prelimOpBar,2) OR Hist(prelimOpBar,3) OR Hist(prelimOpBar,4) OR Hist(prelimOpBar,5) OR Hist(prelimOpBar,6) OR Hist(prelimOpBar,7) OR Hist(prelimOpBar,8) OR Hist(prelimOpBar,9) OR Hist(prelimOpBar,10), 1,undefined);

And add into the normal indicator signal codes this line

If (OpBar=1 AND … then rest of the indicator signal code

I will post charts separately below

BC User since June 2007

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cmacdon Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236	Post Options Post Reply Quote cmacdon Report Post Quote Reply Topic: Decluttering intraday signals Posted: 08 Dec 2012 at 10:55am

	BC User since June 2007

cmacdon Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236	Post Options Post Reply Quote cmacdon Report Post Quote Reply Posted: 08 Dec 2012 at 10:54am

	BC User since June 2007

cmacdon Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236	Post Options Post Reply Quote cmacdon Report Post Quote Reply Posted: 08 Dec 2012 at 10:53am

	BC User since June 2007

cmacdon Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236	Post Options Post Reply Quote cmacdon Report Post Quote Reply Posted: 08 Dec 2012 at 10:52am
	Here is a technique developed over last couple of days to declutter signals for start of intraday trading. (The Format/Time Axis/Hidden option did not produce small enough gaps between each day so this technique was developed). I'll use my VSA signals example although the technique can be applied with the code below for any indicator which produces too many signals on smaller timeframe intraday bars. Some self explanatory screen shots will be posted below. Essentially I only want to see the signals over the first 10 bars at the start of each day to day trade astock. Once in the trade normal trending techniques will show whether to stay or get out. 1. Remove the cluttering indicator and put a vertical line on the first bar of each day. [target=Price] {Identifies first bar of the day See Definition under Hour in Help} [name=First Intraday bar; Width=1; linestyle=verticalmarker; Color=Black] if(Hour<hist(Hour,1),c,undefined); 2) Amend the offending cluttered indicator by asdding code below to only show the signals on the first 10 intraday bars to allow a selection for the day during first hour of trading. prelimOpBar:=if(Hour<hist(Hour,1),1,undefined); OpBar:=if(prelimOpBar OR Hist(prelimOpBar,1) OR Hist(prelimOpBar,2) OR Hist(prelimOpBar,3) OR Hist(prelimOpBar,4) OR Hist(prelimOpBar,5) OR Hist(prelimOpBar,6) OR Hist(prelimOpBar,7) OR Hist(prelimOpBar,8) OR Hist(prelimOpBar,9) OR Hist(prelimOpBar,10), 1,undefined); And add into the normal indicator signal codes this line If (OpBar=1 AND … then rest of the indicator signal code I will post charts separately below
	BC User since June 2007