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Showing posts from January, 2019

Atr Range

// Downloaded From  www.WiseStockTr ader.com _SECTION_BEGIN( "ERO ATR BUY SELL"); ero = Param("ATR multiple", 2.8, 0.5, 10, 0.1 )*Param("ATR period", 10, 3, 50 ); ero_col=ParamCo lor( "Color", colorCycle ); r=HHV(H,ero); s=LLV(L,ero); ab=IIf(H>Ref(r, -1),1,IIf(L<Ref (s,-1),-1,0)); ac=ValueWhen(ab !=0,ab,1); sl=IIf(ac==1,s, r); Plot(sl, _DEFAULT_NAME() , ero_col, styleStaircase) ; // or styleaArea Buy=Cross(H,sl) ; Sell=Cross(sl,L ); PlotShapes(IIf( Buy, shapeSquare, shapeNone),colo rGreen, 0, L, Offset=-40); PlotShapes(IIf( Buy, shapeSquare, shapeNone),colo rLime, 0,L, Offset=-50); PlotShapes(IIf( Buy, shapeUpArrow, shapeNone),colo rWhite, 0,L, Offset=-45); PlotShapes(IIf( Sell, shapeSquare, shapeNone),colo rRed, 0, H, Offset=40); PlotShapes(IIf( Sell, shapeSquare, shapeNone),colo rOrange, 0,H, Offset=50); PlotShapes(IIf( Sell, shapeDownArrow,  shapeNone),colo rWhite, 0,H, Offset=-45); _SECTION_END(); _SECTION_BEGIN( ...

Pivot with DEMAND

_SECTION_BEGIN( "Supply and Demand Zone"); SetChartOptions (0,chartShowArr ows|chartShowDa tes); _N(Title = StrFormat("{{NA ME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); Plot( C, "Close", ParamColor("Col or", colorDefault ), styleNoTitle | ParamStyle("Sty le") | GetPriceStyle()  ); g = Param( "No.of Lines", 7, 1, 7, 1 ); x = Cum( 1 ); pk = BarsSince( H >= Ref( H, -1 ) AND H >= Ref( H, -2 ) AND H >= Ref( H, -3 ) AND H >= Ref( H, -4 ) AND H >= Ref( H, 1 ) AND H >= Ref( H, 2 ) AND H >= Ref( H, 3 ) AND H >= Ref( H, 4 ) ) == 0; tk = BarsSince( L <= Ref( L, -1 ) AND L <= Ref( L, -2 ) AND L <= Ref( L, -3 ) AND L <= Ref( L, -4 ) AND L <= Ref( L, 1 ) AND L <= Ref( L, 2 ) AND L <= Ref( L, 3 ) AND L <= Ref( L, 4 ) ) == 0; px1 = LastValue( ValueWhen( pk, x, 1 ) ); px2 = LastValue( ValueWhen( Pk, x, 2 ) ...

Jesse Livermore

Jesse Livermore is one of the greatest of all times. Every self-respecting  trader knows his story. He has made millions in the market several times. His best known winning trade was shorting the big market crash in 1929. Although Jesse was kind of a strange guy and had his remarkable qualities. We’d like to think that those qualities were a big part of the successes in his life. As we like to learn from the best traders that are out there we’ve read every book about Jesse Livermore. Also his own book How to Trade Stocks. And his life story in Reminiscences of a Stock Operator by Edwin Lefere. Here is a selection of the best Jesse Livermore quotes that have helped us improve our trading. All of his quotes can be used as great trading rules. So why are the trading rules Jesse used in the early 1900’s still worth keeping in mind in these markets? Let’s start with one of the best things he had to say about the stock market: 1. “THERE IS NOTHING NEW IN WALL STREET. THERE CAN’...