General Trading Chat

[vijkris]

Bhai Charan Kahan hain aapke

Delhi me hai !!

 

[traderniftybull]

Bhai Charan Kahan hain aapke

bhai dharti per hi rehne do
I am a down to earth fellow.

nahi to agla number mera hoga :lol: :lol:

 

[Tuna]

Wrong thread pe wrong post , but done intentionally to get max notice.

Anyone using Value RT? I understand it is a discount datafeed and lower TF may not be of great quality, but is ok for TF 1 hour or higher?

 

[ncube]

1. There he using OBV with number of combination, it is not a mechanical system, which he denies argues that it is mechanical ex :yesterday tuna ji backtest on obv 200 ema flip entry

2. Many people are following it by combining with there existing systems !!!

3.
a )His system start with 36 200 EMA in price and 36 200 EMA in OBV, then another version

b) with 15,30, 1 hour BO/BD of price/obv

c) LV/HV nodes combining with price/obv

d) higher MACD combo !!!

People who could not move with the phase naturally left it !!!

Xray, Subhadeep bro's,

The OBV indicator advocated by Varunji is robust as volume plays an important role in holding/entering the trade; however OBV is not the primary indicator it’s his years of experience which is allowing him to trade his system profitably. He is able to identify & combine OBV with multiple systems based on current market situation and hence it’s confusing to people following his methods. However one should be humble enough to accept positive criticism which will definitely help in improving & evolving the system.

Long time back I was using OBV and used to consider it the Holy Grail.., however later I found that the main challenge with OBV is its volatility as it takes into consideration only the total volume of the candle and not the price action associated with it. When there are bulk trades or heavy volumes it used to distort the indicator completely. Later I read a good article by David G. Hawkins on modified Volume-Price Trend (VPT) Indicator (http://edmond.mires.co/GES816/20-Modified Volume-Price Trend Indicator.pdf) which had drastic improvements over OBV. It reduces the volatility as also gives clearer signals when compared to OBV.

I am not imposing, however if one apply VPT instead of OBV in the systems explained by Varunji or any of your current systems you can see immediate improvements. Please don’t take my word for it do your own homework.

Subhadeep bro, Applying VWMA (Volume weighted moving average) on your MA crossover system gives excellent results. Please check the details on VWMA given in the following URL: https://www.tradingsetupsreview.com/volume-weighted-moving-average-vwma/

 

[XRAY27]

Wrong thread pe wrong post , but done intentionally to get max notice.

Anyone using Value RT? I understand it is a discount datafeed and lower TF may not be of great quality, but is ok for TF 1 hour or higher?

Tuna bhai i!!!
i' m using this http:/ /w w w.vbiz.in as a second line (this fellow is authorized data provider from nse),ok with 1 hour , primary is GFDL..valuert never used

 

[primitivetrader]

Wrong thread pe wrong post , but done intentionally to get max notice.

Anyone using Value RT? I understand it is a discount datafeed and lower TF may not be of great quality, but is ok for TF 1 hour or higher?

not a good data feed if you are on 1 hr tf then you can vbiz.in it will also cost you less and data quality is very good even on lower tfs. i have used both of them in the past since now i am on tick chart i am using gdfl

 

[toocool]

Tuna bhai i!!!
i' m using this http:/ /w w w.vbiz.in as a second line (this fellow is authorized data provider from nse),ok with 1 hour , primary is GFDL..valuert never used

Why second line xray ji?

 

[toocool]

Xray, Subhadeep bro's,

The OBV indicator advocated by Varunji is robust as volume plays an important role in holding/entering the trade; however OBV is not the primary indicator it’s his years of experience which is allowing him to trade his system profitably. He is able to identify & combine OBV with multiple systems based on current market situation and hence it’s confusing to people following his methods. However one should be humble enough to accept positive criticism which will definitely help in improving & evolving the system.

Long time back I was using OBV and used to consider it the Holy Grail.., however later I found that the main challenge with OBV is its volatility as it takes into consideration only the total volume of the candle and not the price action associated with it. When there are bulk trades or heavy volumes it used to distort the indicator completely. Later I read a good article by David G. Hawkins on modified Volume-Price Trend (VPT) Indicator (http://edmond.mires.co/GES816/20-Modified Volume-Price Trend Indicator.pdf) which had drastic improvements over OBV. It reduces the volatility as also gives clearer signals when compared to OBV.

I am not imposing, however if one apply VPT instead of OBV in the systems explained by Varunji or any of your current systems you can see immediate improvements. Please don’t take my word for it do your own homework.

Subhadeep bro, Applying VWMA (Volume weighted moving average) on your MA crossover system gives excellent results. Please check the details on VWMA given in the following URL: https://www.tradingsetupsreview.com/volume-weighted-moving-average-vwma/

So this VPT has amibroker afl?

Can you share please

 

[toocool]

Version( 5.25 ); Level = Param("Level", 0, -100, 100 ); Scale = Param("Scale", 1, 0.1, 10, 0.1 ); AutoScale = ParamToggle("AutoScale", "No|Yes", 1 ); rV = V/50000; AvgFour = ( O + H + L + C )/4; MVPT = Cum( rV * (AvgFour - Ref( AvgFour, -1 ) )/Ref( AvgFour, -1 ) ); Plot( C, "Price", colorBlack, styleBar ); if( AutoScale ) { fvb = Status("firstvisiblebar"); rangePrice = HighestVisibleValue( H ) - LowestVisibleValue( L ); rangeMVPT = HighestVisibleValue( MVPT ) - LowestVisibleValue( MVPT ); Scale = rangePrice / rangeMVPT; MVPT *= Scale; Level = AvgFour[ fvb ] - MVPT[ fvb ]; } else { MVPT *= Scale; } MVPT = MVPT + Level; Plot( MVPT, "MVPT" + StrFormat("(Scale=%g, Level=%g)", Scale, Level), colorRed, styleThick );

 

[copypasteaee]

Wrong thread pe wrong post , but done intentionally to get max notice.

Anyone using Value RT? I understand it is a discount datafeed and lower TF may not be of great quality, but is ok for TF 1 hour or higher?

You mean vbiz.in?