Today On Myth Buster - BBT Moving averages (Overlay)

CME_MINI:ES1!   S&P 500 E-mini Futures
Here is something, I have got for the BBT indicator package (Rob Hoffman). Will Code the IRB arrows / The Core and Fast Triggers some point of time.


Are you kidding me! $100 Monthly for all the Moving averages / 2 - Macd / 2 - Stochastics / 1 - RSI?

This is probably the best robbery idea. Thanks to the long video. It was easy to figure out the Moving averages.

SMA (3)
SMA (5)

EMA (18)
EMA (20)
EMA (35) - Old Version / KC(35,0.4, EMA ) - New Version

SMA (50)
SMA (89)
EMA (144)
SMA (200)

- wow, that a bunch of MAs.

BBT Overlay Indicator Link

To Test these with his free videos on youtube, please use his stock charts. Futures data seems inconsistent between TS and TV.
Hello guys first of all I just wanna let you guys know that I'm a friend and a fan of Rob Hoffman

If you join his room 4 the base package you'll get his barebone indicator pack

But that isn't where the value comes from the value just come from being in the room and listen to him to the point where you're sick of listening to him but by that time you would have learnt something that you don't get from just copy and somebody else's setup

So I never had any of his any the arrows or dots or core triggers and I didn't need them afterwards

The Holy Grail of trading is not indicators it's price action people say there is no Holy Grail you're looking at it it's just the movement of price the value people's perception of value all the masses perception divided by large money players perception
how to use this rob hoffman's overlay indicator
ucs gears can u plz code by watching this youtube /watch?v=vxZlK6adXpI&index=61&list=PLBB7AA64DE3F6C23F#
The Stochastic used is (4,1,1). %K = 4, %D = 1, smoothing = 1
The RSI is a 21 period.

I've been testing out various settings for the Fast Trigger and Core Trigger, and these settings for the MACD Histogram seem to come very close:
Fast trigger = MACD Histogram (8,21,1597)
Core trigger = MACD Histogram (8,233,144)

Does anyone know what he uses for the triangles plotted on the top/bottom of the price bars?
He claims that it's based on a momentum shift.
ucsgears greenzone
Inventory Retracement Bars. That's what the triangles are called. There is a momentum filter added by Rob. you can use your own filters.
greenzone ucsgears
The triangles aren't Inventory Retracement Bars.
Here's a fairly recent screenshot:
+1 Reply
Inventory Retracement Bars: As I recall, if price is sloping up and price closes in the top X% of the candle, then a potential buy situation. Likewise if it closes in the bottom X% and sloping downward, then a potential sell indication. Either case barring confirmation as well. His actual X% I do not recall. When near X=10, there are less noisy indications.

Here is an example when price closes in to top 10% or bottom 10%. No fancy code.
+1 Reply
tradearcher tradearcher
study(title="Trade Archer-Close Percentage-v1.1a", shorttitle="TA-CP-v1.1a", precision=0, overlay=false)
pct = input(10, minval=0, maxval=100, defval=45, type=float, title="percent")
fast = input(3, minval=2, defval=3, type=integer, title='Fast Length')
slopelength = input(2, minval=2, defval=2, type=integer, title='Minimum Slope Length')

loc = 100 * abs(close - low) / abs(high - low)
plot( loc, color=black, style=columns, linewidth=1, transp=80)
//bgcolor( loc < pct and falling(ema(close,fast),slopelength) ? red : loc >= 100-pct and rising(ema(close,fast),slopelength) ? green : na, transp=50)
bgcolor( loc < pct ? red : loc >= 100-pct ? green : na, transp=60)
+1 Reply
greenzone tradearcher
The triangles definitely aren't Inventory Retracement Bars, and they also don't appear to be candles which close within 10% of the extremes.
Here's a recent screenshot of a chart with the arrows.
+1 Reply
As I have said "His actual X% I do not recall. When near X=10, there are less noisy indications." But after reviewing the link below and the explanation of how he determines them, he uses 45% for both open and close. I have written the closed piece.

But here is the proper link you should have sent in your retort instead.

Good luck.
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