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/products/RobHoffmansBBTProTraderPack

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
-
Rob Hoffman - Overlay Set


To Test these with his free videos on youtube, please use his stock charts. Futures data seems inconsistent between TS             and TV.
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&index=61&list=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 PRO 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.
snapshot
+1 Reply
tradearcher PRO 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)
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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.
http://screencast.com/t/2iM18fVkQ0
+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.
http://tradersonline-mag.com/01_ezine/01_traders/en/2014/09/files/assets/basic-html/page55.html

Good luck.
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worldmaster greenzone
Hi greenzone, Are you sure for settings about Core Trigger (Fast EMA = 8, Slow EMA = 233 MACD SMA = 144) ? For me it doesn't match !!!
For the fast triger it seems ok, but not for core trigger
Have you tested other settings for core trigger ?
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