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Video #33 Pivots and Levels, DYO Flags, QnA |
July 12 , 2006
16:31 Ensign Howard: Welcome to our Wednesday training class..... Hope everyone is having a good week of trading.
16:32 Ensign Howard: Since we met last week, IQFeed has released and upgrade to their IQFeed program, and the new release is version 4.1.2.0 This IQFeed upgrade can be downloaded from the Download page of the Ensign web site. I have run Ensign with the new IQFeed version without any hint of any problem for the past week, so I give it a Green light. We posted an announcement to all of our IQFeed subscribers telling them about the upgrade..
16:33 Ensign Howard: IQFeed has had in the past an issue since February with updating their Forex database for daily refresh. This has been fixed for the past 10 days, and they say that a clean up of the database data back to Feb 2006 will also be accomplished. At least the current data posting to the forex refresh database is now a full range bar instead of the short height bars that posted between Feb and July. So progress is being made on that forex refresh issue.
16:35 Lakshmi: Howard I am looking in the Q&A Knolwedgebase trying to find a DYO to see how can I plot a marker over the price based on 4 conditions (ie. MACD Xover, Stoch Xover, Stoch Level, etc) can you help?
16:33 Arbis: Any differcens in speed, etc?
16:35 Ensign Howard: arbis, I have not notices any difference in speed.... but then I typically follow 30-40 symbols on my manager list.
16:36 Arbis: k.
16:36 Ensign Howard: One user who last week had occasional disconnect issues with Ensign trying to close the IQfeed connection reports things are better for him with the 4.1.2.0 version, so that also is encouraging.
16:37 Ensign Howard: I think enough time as passed for our attendance to stablize for the class, and those who intended to come are here now. So I will move on to the main topic for today's training and that is a more in depth example of using the DYO study to calculate pivots and Fibonacci levels.
16:38 Ensign Howard: Last week we had some interest in making these calculations on the weekly high, low and close.
16:39 Ensign Howard: I showed a couple posts from Q&A Knowledgebase on how to find weekly high, low and last values, and have everything worked into a more thorough DYO example for calculating pivots and levels from weekly or monthly values, or yesterday or today's values.
16:39 Ensign Howard: Let me show the following video I prepared for this training class. Sit back and watch the video which is 33 minutes in duration. Resize your chat viewer so you have lots of room in the image area to see the 800x600 video dimensions. To resize the transcript/image area, there is a separator line between the two. You can hover the mouse over until it changes to a double headed arrow, and then drag vertically to give more room to the image area.
16:41 Ensign Howard: Ok, class will start now, and it has motion and audio. video will start now.
16:41 Ensign Howard: oh, please uncheck the Show check box on the bottom of the chat form so someone posting a URL does not interrupt the showing of the video. Uncheck the Show box now please. Then when the URL for the video is posted in the transcript by me, please click on it to start your video.
www.ensignsoftware.com/video/dyo-pivots/dyo-pivots.html
16:42 Ensign Howard: so click on the link just posted if the video has not yet started for you.
16:52 Randy1: new template.. "pivots and levels" does this work for you cool.... thanks H
16:55 Ensign Howard: video is #33 and is playing for class now. We will not have separate one from class.... the existing #33 video is the majority of the class. Archive of class videos is on bottom of Video page on web site.
17:07 Ensign Howard: Several demonstrated DYO features are only in new version which is 07-12 upgrade
17:07 Lakshmi: Thank you Howard , it was very interesting. I have difficulties understanding the flags though
17:08 Ensign Howard: Lakshmi, were you the one wanting the weekly values for these weekly levels?
17:08 Ensign Howard: Hold your flag question for further discussion after the video is over
17:08 Lakshmi: I find it very useful -- my video is over
17:16 fibzones: thks Howard, nice work
17:16 Profit: Thank you...
17:17 Ensign Howard: welcome profit and fibzones.
17:17 Ensign Howard: As I said, this video is a bit more in depth, and it adds to our library of examples, and our library of templates.
17:17 @Buffy: well done Howard, tks
17:18 Ensign Howard: The idea of harvesting values and then storing them while new ones are being acquired was part of the cleverness or complexity of the DYO but it serves as a better example being a video than just a Q&A Knowledge picture and article
17:18 Ensign Howard: ok, some one had a question about flags
17:18 al_gorithm: This is very helpful for the DYO challenged, like myself...lol
17:18 Ensign Howard: Ask, and we will try to answer.
17:19 Lakshmi: May I ask you about flags?
17:19 trendHunter: very nice
17:20 Ensign Howard: lakshmi, where can we clarify your understanding of flags. Your question please
17:21 Lakshmi: Let's make a DYO to plot a marker based on four conditions
17:21 Lakshmi: ie. MACD reversing, fast Stoch reversing, slow Stoch >50, ..
17:21 Ensign Howard: There are examples like that already, particularly in the B-Line type of templates. Your challenge with MACD reversing and Stoc reversing is it is unlikely their reversals as events happen on the same bar. So you should use relationships like the sto > 50 which is true or false for several bars in a row, instead of an event which is true for only a single bar
17:23 Ensign Howard: Let me find the alert consensus example, 1 moment.
www.ensignsoftware.com/tips/tradingtips59.htm
17:24 Ensign Howard: See the RSI article and its study consensus example.
17:25 Ensign Howard: This example shows the individual parts contributing to the final buy or sell decision. You can learn from this example. The Alert is basically a 2 line DYO, or the DYO is a 10 line alert. They share the same categories and selections (for the most part).
17:26 Ensign Howard: Say you have the T/F boolean condition for your 4 tests in 4 adjacent GVs. Then the final test where you want all 4 flags to be simultaneously true would be Global Flag | AND[#] with # = 4 and Read GV = 1st GV in the set. The [#] is our notation for a set, and the Global Flag operates on Global Variables as a set, and the set size is the Number parameter of 4. So this is the statement equivalent of Result = GV[10] AND GV[11] AND GV[12] AND GV[13] if the set starts in [10]
www.ensignsoftware.com/help/dyo.htm#Swing
17:29 Ensign Howard: This B-Swing template has example of the AND[#] of a set of conditions
17:30 Lakshmi: Exactly what I am looking for, thank you.
17:30 Ensign Howard: Study that example as well, but observe the caution I started with that it might be rare to have the MACD and the STO as reversal events on the same bar.
17:30 Lakshmi: ok, thnx
7:31 Ensign Howard: STO Rising is a relationship that would be true for several bars and might be better for your design. One trick to use with these is to use markers for when the boolean flag is TRUE and you can show the markers in various places and be able to visually see when the condition is True on the chart.
17:30 Ensign Howard: Ok, next question.
17:31 Profit: How do I cut and paste somewhere for future reference....
17:33 Ensign Howard: Profit you can drag mouse across text in the transcript and upon mouse up it auto copies the text to the clipboard. You can then use CTRL+V keys in another application such as Notepad to paste the content of the clipboard
17:33 cherokeeruby: At the end of the video it mentioned that a template was available for download using these DYO studies, have looked in download, and templates, cannot find it.
17:33 Ensign Howard: cherokee, click Internet Services form. Select first tab for Download, and wait for form to populate with dates. Then you will find Pivots&Levels as a template in the template dropdown box.
17:35 Ensign Howard: Get the 7-12 upgrade of Ensign to use with the template. Older versions do not have the small change to add a number to the value returned by Bars Since Line A True and older versions may not have the First Bar of New Week and Month selections in the Bar Flag category. All that was added as an improvment based on our discussions of a week ago in class.
17:36 cherokeeruby: Have new version, thanks again
17:35 Ensign Howard: welcome
17:37 Ensign Howard: mano, your turn
17:37 mano: H where can I find the intro, definitions, rules, syntax etc for DYO ? .i.e. programmers guide7:37 mano: H where can I find the intro, definitions, rules, syntax etc for DYO ? .i.e. programmers guide
17:37 Ensign Howard: The Help page has 4 introductory articles on DYOs at top of center column. That is followed by a dozen examples which have more in depth commentary. After that we have a couple hundred DYO Q&A Knowledgebase articles, some which are trivial and some which are higher quality examples. Read the 4 intro articles, and then start studying examples. Fastest way to learn is to see how I and others have done it and why we put the statements together as we did. There are also 2 more DYO videos, #31 and #32 on the Video page of the web site.
17:40 Ensign Howard: One good thing about the Q&A Knowledgebase is ability to enter a keyword. A general keyword of DYO will get you 200 articles or you might try a more specific topic, such as Levels and see if there are any DYOs that might be an example on creating levels like we did today.
17:40 mano: OK that's great thanks -- Still noodling with vol chart we emailed each other
17:41 Ensign Howard: yes, I suggest the DYO for the incremental $INDU volume to simulate a tick volume, and that got posted to the Q&A database as an example. You get to Q&A from the Help menu in Ensign Winows
http://www.ensignsupport.com/cgi-bin/ensign/bb.cgi
17:42 mano: Yes have used that Help page before
17:42 Ensign Howard: great
17:43 Ensign Howard: mano, answer to your e-mail is post #1103
17:44 mano: thks am looking at it
17:43 al_gorithm: Is it possible to manually enter math calculation on GV's in the Selection box of the DYO... like ([GV1] * [GV2]) / 100, rather than have to chose from the list?
17:43 Ensign Howard: No al, have to select from the list
17:44 al_gorithm: ok, tks
7:44 Ensign Howard: We do not parse the content of the selection text, rather we use the index of the selection choice to know what operation to perform
17:46 Ensign Howard: Thanks for attending class today, and you can rewatch the video because it is on the Video page as #33.
17:46 @Buffy: great class Howard thanks
17:46 al_gorithm: very helpful, tkx
17:49 Ensign Howard: This is the daily bar chart using the weekly levels based on last week's range and close. The high this week was to a fib 0.618 of last week's range and the low so far is near the 1.272 extension of last week's range. So the template Pivots&Levels does have practical application.
17:50 @Buffy: Thanks for making it an available template
17:50 SharonSS: Ditto Buffy
17:51 fibzones: Have a great evening Howard, I was the one who asked the question last week, thanks for all the work
17:51 Ensign Howard: great
17:55 SharonSS: A lot of work, but maybe saves time in the future for recurring questions.
17:55 Ensign Howard: it does sharon
17:55 SharonSS: oh my.
17:56 Ensign Howard: I often give a Q&A reference as the answer for my e-mail since I have answered it before. Around 90 new Q&A so far in July. If something you need help with was not covered in the class today, drop me an e-mail and I will try to help you with your question or DYO design. Bye
17:47 SharonSS: Thanks Howard. Yes, great class.