ucsgears

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.

https://tradestation.tradingappstore.com...

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
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To Test these with his free videos on youtube, please use his stock charts. Futures data seems inconsistent between TS and TV.

Comments

Loving your robbery series - and all your other work too.
+2 Reply
ChartArt Alphaoptions
Yes, great idea by UCSGears!

BTW: I would not be surprised if Rob faked his own indicator reviews on Tradestation:

"I have been a 15 year losing trader until I started using Rob Hoffman's indicators...", written by someone with the highly creative & exotic name "Charles Smith" :)
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ucsgears ChartArt
If there is a holy grail indicator, Then there would be an algorithm to take advantage of that. That's why system traders can have quick & big draw downs.
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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
+1 Reply
how to use this rob hoffman's overlay indicator
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ucs gears can u plz code by watching this youtube /watch?v=vxZlK6adXpI&%3Bindex=61&%3Blist=PLBB7AA64DE3F6C23F#
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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.
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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.
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greenzone ucsgears
The triangles aren't Inventory Retracement Bars.
Here's a fairly recent screenshot:
http://screencast.com/t/2iM18fVkQ0
+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.
+2 Reply
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