Has anybody seen Hawkeye indicator equivalent in afl?
- Thread starter ford7k
- Start date
Hi friends
here is some info on hawkeye stops
http://www.esignalcentral.com/university/esignal/addons/hawkeye/hawk eye.pdf
the info is
-----------------------------------------
Daily Chart:1of5
Plot Data1 on subgraph1 and format the data bar color white.
Plot the Hawkeye Trend, Hawkeye Stop,Hawkeye ISHL and Hawkeye Wide Bar on subgraph1
.
Plot the Hawkeye Volume Radar on subgraph 2.
Plot the Hawkeye Volume on subgraph3.
Hawkeye Stops --DAILY CHARTS- Set the Far Stop to 1.75 and the Near Stop to 1.25. This is at your discretion.
Hawkeye Trend -- Set the Far Stop to the same input value used with the Hawkeye Far Stop (1.75).
===============================================
Weekly Chart:
Plot Data1 on subgraph1 and choose white as the data bar color.
Plot the Hawkeye Trend on subgraph 1 with a suggested Far Stop setting of 1.0 FOR WEEKLY CHARTS.
Plot the Hawkeye ISHL on subgraph1.
Placing Stops
The HawkeyeStop indicator has two inputs --the FaStop and the Near Stop.
When a trade commences, use the Far Stop value.
If the Hawkeye Volume turns red or white, use the Near Stop value.
If the Hawkeye Volume turns back to green, revert to the Hawkeye Far Stop value.
(Note: Sometimes,you may observe that the near stop has flipped above the market, showing congestion. In this instance,use the green Far Stop value.)
How to Handle e a Wide-Ranging Bar
Do not entera new trade or add to an existing position if a wide bar occurs.
(Note:
The bar will automatically be painted magenta.)
Wait until the next bar. If the close of that bar is greater than the open, enter; if not, wait for a bar that has a close greater than the open.
(Note: The trend will not go green until these conditions are met.)
Exiting a Trade
You should be stopped out at one of the Near or Far Hawkeye Stop values 90 % of the time. You may also decide to exit a trade owing to fundamental reasons
(i.e., crop reports, interest rate announcements,etc.).
Exit all contracts.
========================================================
TRENDS ARE ONLY FOR 30% OF TIMES. ONE MUST HIT THE TREND HARD WHILE IT IS IN PROGRESS TO GET MAX PROFITS.
WHAT FOLLOWS SHOWS YOU HOW.
Adding to a Position
Use the indicator Hawkeye Adds.
The Adds are an algorithm of volume and average truerange. This strategy is a combination of methodologies used
by the famous Turtle Traders and the legendary 1950s stock trader,NicholasDarvas, in his book How I Turned $10,000 into $2 Million . Adding the volume
conditions and observing the relationship of close to open, we feel , greatly enhances the previously described adding strategy.
There are 5 inputs to Hawkeye Adds:
1. Long_Short -- Enter 1 for Long and -1 for Short.
2. Trade _Entry -- Enter the close value of the bar you entered the trade on.
3. ATR_1 -- Entering a 1will plot a line 1 Average TrueRange (ATR) from the entry price (close painted magenta)
. You can et the ATR inputs to your ownliking, depending on how aggressively you wish to trade. If you want to see the price move through
2 ATR before taking your first add, enter a2...
4. ATR_2 -- This input is the number of ATRs from the value of the first ATR line.
You may wish to put in 1 because an uptrend has been identified.
5. ATR_3 -- This input is the number of ATRs from the value of the second ATR line. You may wish to putin 1 because an uptrend has been identified.
(Note: These inputs values are at your discretion. Some times, a price bar will go through 2 or 3 ATR levels. When this occurs, expand the input value of
the first ATR, so it encompasses this move.)
FUTURES Formula: 1 +3 + 2 + 1 = 7
The formula shown previously should be implemented this way:
You start with on e contract; then, add 3 and so forth. Add to the position when the price has closed
above the first ATR line, the current bar volume is green, the closeis greater than the open and your position is in profit.
Add when each subsequent ATR is breached according to the previously described rules. If you are stopped out during a trade and the trend resumes,
you should re-enter only using one contract and donot use the adding formula.
==================================================================
STOCKS Formula: 1 +1 + 1
The formula shown previously should be implemented in this manner
: You start with whatever size your money management allows and then
add twice more with the same amount of stock(providing your first position is in profit).
Add to the position with each new close above the ATR lines (providing the volume is green and the close greater than the open). If you are stopped out
during a trade and the trend resumes,you should re-enter only using one position with no further additions.
Exit all contracts simultaneously. This formula capitalizes on trend runs
, so traders will only beexposed to a small loss(1contract)at the commencement of a trade.
Using a Money Management StopIf you find that the Hawkeye Stops are greater then your capital risk per trade, use your moneymanagement stop
======================================================================================================
Settings for Hawkeye Stops
The indicator has two inputs --
Far and Near. Suggested settings:
Use 1.75 Far, 1.25 Near; or 1.5Far, 1 Near.
It is a matter of judgment, but it is quite apparent when seen on a chart, which one is the more appropriate.
Intraday traders might wish to use tighter stops (i.e., 1 Far, 0.75 Near)
here is some info on hawkeye stops
http://www.esignalcentral.com/university/esignal/addons/hawkeye/hawk eye.pdf
the info is
-----------------------------------------
Daily Chart:1of5
Plot Data1 on subgraph1 and format the data bar color white.
Plot the Hawkeye Trend, Hawkeye Stop,Hawkeye ISHL and Hawkeye Wide Bar on subgraph1
.
Plot the Hawkeye Volume Radar on subgraph 2.
Plot the Hawkeye Volume on subgraph3.
Hawkeye Stops --DAILY CHARTS- Set the Far Stop to 1.75 and the Near Stop to 1.25. This is at your discretion.
Hawkeye Trend -- Set the Far Stop to the same input value used with the Hawkeye Far Stop (1.75).
===============================================
Weekly Chart:
Plot Data1 on subgraph1 and choose white as the data bar color.
Plot the Hawkeye Trend on subgraph 1 with a suggested Far Stop setting of 1.0 FOR WEEKLY CHARTS.
Plot the Hawkeye ISHL on subgraph1.
Placing Stops
The HawkeyeStop indicator has two inputs --the FaStop and the Near Stop.
When a trade commences, use the Far Stop value.
If the Hawkeye Volume turns red or white, use the Near Stop value.
If the Hawkeye Volume turns back to green, revert to the Hawkeye Far Stop value.
(Note: Sometimes,you may observe that the near stop has flipped above the market, showing congestion. In this instance,use the green Far Stop value.)
How to Handle e a Wide-Ranging Bar
Do not entera new trade or add to an existing position if a wide bar occurs.
(Note:
The bar will automatically be painted magenta.)
Wait until the next bar. If the close of that bar is greater than the open, enter; if not, wait for a bar that has a close greater than the open.
(Note: The trend will not go green until these conditions are met.)
Exiting a Trade
You should be stopped out at one of the Near or Far Hawkeye Stop values 90 % of the time. You may also decide to exit a trade owing to fundamental reasons
(i.e., crop reports, interest rate announcements,etc.).
Exit all contracts.
========================================================
TRENDS ARE ONLY FOR 30% OF TIMES. ONE MUST HIT THE TREND HARD WHILE IT IS IN PROGRESS TO GET MAX PROFITS.
WHAT FOLLOWS SHOWS YOU HOW.
Adding to a Position
Use the indicator Hawkeye Adds.
The Adds are an algorithm of volume and average truerange. This strategy is a combination of methodologies used
by the famous Turtle Traders and the legendary 1950s stock trader,NicholasDarvas, in his book How I Turned $10,000 into $2 Million . Adding the volume
conditions and observing the relationship of close to open, we feel , greatly enhances the previously described adding strategy.
There are 5 inputs to Hawkeye Adds:
1. Long_Short -- Enter 1 for Long and -1 for Short.
2. Trade _Entry -- Enter the close value of the bar you entered the trade on.
3. ATR_1 -- Entering a 1will plot a line 1 Average TrueRange (ATR) from the entry price (close painted magenta)
. You can et the ATR inputs to your ownliking, depending on how aggressively you wish to trade. If you want to see the price move through
2 ATR before taking your first add, enter a2...
4. ATR_2 -- This input is the number of ATRs from the value of the first ATR line.
You may wish to put in 1 because an uptrend has been identified.
5. ATR_3 -- This input is the number of ATRs from the value of the second ATR line. You may wish to putin 1 because an uptrend has been identified.
(Note: These inputs values are at your discretion. Some times, a price bar will go through 2 or 3 ATR levels. When this occurs, expand the input value of
the first ATR, so it encompasses this move.)
FUTURES Formula: 1 +3 + 2 + 1 = 7
The formula shown previously should be implemented this way:
You start with on e contract; then, add 3 and so forth. Add to the position when the price has closed
above the first ATR line, the current bar volume is green, the closeis greater than the open and your position is in profit.
Add when each subsequent ATR is breached according to the previously described rules. If you are stopped out during a trade and the trend resumes,
you should re-enter only using one contract and donot use the adding formula.
==================================================================
STOCKS Formula: 1 +1 + 1
The formula shown previously should be implemented in this manner
: You start with whatever size your money management allows and then
add twice more with the same amount of stock(providing your first position is in profit).
Add to the position with each new close above the ATR lines (providing the volume is green and the close greater than the open). If you are stopped out
during a trade and the trend resumes,you should re-enter only using one position with no further additions.
Exit all contracts simultaneously. This formula capitalizes on trend runs
, so traders will only beexposed to a small loss(1contract)at the commencement of a trade.
Using a Money Management StopIf you find that the Hawkeye Stops are greater then your capital risk per trade, use your moneymanagement stop
======================================================================================================
Settings for Hawkeye Stops
The indicator has two inputs --
Far and Near. Suggested settings:
Use 1.75 Far, 1.25 Near; or 1.5Far, 1 Near.
It is a matter of judgment, but it is quite apparent when seen on a chart, which one is the more appropriate.
Intraday traders might wish to use tighter stops (i.e., 1 Far, 0.75 Near)
Last edited:
hi
here i some vital info relating to hawkeye trend dots
Hawkeye Trend (NO Stops)
Trends, by their nature, are so complicated that it’s difficult for the average trader to digest all the data required to define them.
The Hawkeye visual trend indicator does virtually all the work for you.
The end result is a simple dot that is green when the market is in an uptrend, red when it’s in a downtrend and white when it‘s moving sideways.
The "Hawkeye Trend is based on the Hawkeye Volume algorithm of pattern recognition and average true range".
Using this tool can stop you from having "opinions" on market direction and allow you to take control of your trading.
mastermind007 already made volume algorithm code.
just add ATR and get the trend dots-follow in sam direction as volume
this can be done -matter of linking volume and atr
here i some vital info relating to hawkeye trend dots
Hawkeye Trend (NO Stops)
Trends, by their nature, are so complicated that it’s difficult for the average trader to digest all the data required to define them.
The Hawkeye visual trend indicator does virtually all the work for you.
The end result is a simple dot that is green when the market is in an uptrend, red when it’s in a downtrend and white when it‘s moving sideways.
The "Hawkeye Trend is based on the Hawkeye Volume algorithm of pattern recognition and average true range".
Using this tool can stop you from having "opinions" on market direction and allow you to take control of your trading.
mastermind007 already made volume algorithm code.
just add ATR and get the trend dots-follow in sam direction as volume
this can be done -matter of linking volume and atr
hi youngman
Honestly speaking, things are not ready as yet.
still some confusions yet to be resolved.
so nothing to share as of now.
using a half cooked thing you end up in losses,better late than never.
if you are really interested you can read this entire series of posts to get a real view.
we were waiting.
in between some said it is very difficult.
we waited.
still continues same process.
best wishes
Honestly speaking, things are not ready as yet.
still some confusions yet to be resolved.
so nothing to share as of now.
using a half cooked thing you end up in losses,better late than never.
if you are really interested you can read this entire series of posts to get a real view.
we were waiting.
in between some said it is very difficult.
we waited.
still continues same process.
best wishes
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