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Sticky MTV General QUESTIONS
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JimDean
Posted 2/12/2016 11:06 AM (#7232)
Subject: MTV General QUESTIONS



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This thread is for free-wheeling questions about "small stuff" concerning MTV ... please click here to post Comments/Discussion in the thread dedicated to that, or click here to make Requests or Recommendations in its dedicated thread, or click here to report Operational Issues (aka "bugs").

If there's a broad (relevant) topic that opens up, you (or I) can create a new Thread (appropriately named) for that, to cut down on clutter here.

Please note that there's no need to consider your Q too "dumb" to post here. Usually many people have the same question, or would have if they'd been insightful enough to think of it. So, post away! Everyone will benefit!
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SalimHira
Posted 2/12/2016 11:31 AM (#6812 - in reply to #7232)
Subject: MTV General QUESTIONS



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Thanks Jim for opening up the thread.

Is it possible to open another thread for request / help / share of "parameters" settings ?

Here's my first question. How do we interpret to trade the "V-Volatility" portion of the indicator - wild, normal, and calm ?

Is it also advisable to keep "same" parameters as Trend settings, or better to tweak the Volatility parameter-related itself for clarity, disregarding the Trend-related... I mean there is just sooo much you can do here. Thanks.
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JimDean
Posted 2/12/2016 11:31 AM (#6814 - in reply to #7232)
Subject: MTV General QUESTIONS



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How do we interpret to trade the "V-Volatility" portion of the indicator - wild, normal, and calm ?

That's a pretty broad question. Simple answer: deep blue is Calm (like the ocean for a scuba diver ;~), cyan is Wild (like the foam on breakers crashing into the shore), and medium blue is Normal - like - well, like not calm but not wild :~)

I will be explaining this in more detail in upcoming Videos. Nutshell: Volatilility is evaluated in a manner similar to Trend, but instead of using a price *point( as the basis (tunable via MopClsSwgGutAvc expert input), Volatility evaluations use a price *range* as the basis ... the nature of the range is selectable (part of the Response Guru input and its expert tuning field, RangHiLoTrueG2g). The mechanisms for evaluation (MA's, Stacking, Slopes, StdDev's, fuzz factors) are similar ... but some of the internal multipliers and window widths, etc are tailored differently for Volatility than for Trend. All part of the expert system. And most of the relevant info is included in the Details Popup pane (-1 for final input).

Note that the Volatility (and Trend) states are "relative" measures, since they use MA's as their basis ... that is, there is no particular $/day slope that acts as a Trend-ID threshold for *all* symbols, nor is there a particular ATR value that's a Volatility-ID threshold for *all* symbols. The Volatility and Trend outputs are relative to what's come before, for that symbol ... and "beforeness" is determined by the TradLen Guru and its expert siblings, to define how far the "lookback" occurs.

How should it be interpreted for trading? That depends on the nature of your strategy, and your belief-system about how volatility state impacts the advisability of entry. I don't know of any reliable generalizations that would be useful consistently across all strategies and trading styles and symbols, etc.
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JimDean
Posted 2/12/2016 11:31 AM (#6815 - in reply to #7232)
Subject: MTV General QUESTIONS



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Is it also advisable to keep "same" parameters as Trend settings, or better to tweak the Volatility parameter-related itself for clarity, disregarding the Trend-related

I would say that *if* you have some concrete notions of how Volatility states should be used in relation to your Strategy, then it does make sense for you to consider separating the MTV input-patterns that you use for Trend from those you find most effective to model your perception of Volatility.

That's why the Return values (and plot options) permit separate focus on just Trend (Rtn=2, Plt=6) or just Volatility (Rtn=3, Plt=7) ... those two settings provide integer Return outputs in the range of +3 to -3 (and just one of the two histo plots) ... and in fact are how the "Scaled" OmniScript formulas are set up. The "dual" output modes (Plt & Rtn = 1) are for convenience, and for folks who feel that the same settings are appropriate for both.
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SalimHira
Posted 2/12/2016 11:32 AM (#6831 - in reply to #7232)
Subject: MTV General QUESTIONS



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This is great clarification.

In the end, what I'd like to learn as we move forward learning more about MTV is recognizing Trend "patterns" whereupon how the Volatility "guiding light" gauges as the wind (i.e., ocean water) behind the price trend.

That bring me to next question: What precedes trend or volatility, or possibly neither connected (i.e., thunder or lightning) ?

The significant leading chart patterns that I have come to recognize are flag, channels, wedges, triangles, and double tops & bottoms which I'd like to find same with MTV. I am not sure, but I sense a good feeling we may also learn to be able to recognize an early formation of either a pullback/retracement or a reversal :-).

I am simply trying to learn and/or make sense of the "V"olatility, and what trade-able actions to take or not once I begin to recognize the trend patterns.

Your above explanations provide a good starter. Thank You.
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JimDean
Posted 2/12/2016 11:41 AM (#7234 - in reply to #6831)
Subject: MTV General QUESTIONS



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While doing some thread-housekeeping, and sorting out the Questions from the Discussions from the Suggestions, I noticed that I had not tried to answer Salim's last question.

Thunder and lighting is not a bad guideline :~)

Seriously ... these are deeper questions ... the whichness of the why kind of thing ... than MTV can address. It *shows* you what's happening, using a "normalized" very smart scale for trendiness and volatility states ... but it doesn't analyze what the historical progression of the states has been, or try to predict anything about the next bar.

I have noticed, fwiw, that trends worth calling trends tend to start with "Wild" volatility, and when the volatility becomes "Calm", it's often a good time to exit a trending position. But these general rules are not always true. Wild volatility also often occurs near the ends of long runs, lots of thrashing around "death throes" of the mature trend, sometimes presaging a reversal ... sometimes not.

I'm putting together an MTVsystem that uses thinking like this to generate entry signals. Stay tuned.
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JimDean
Posted 2/12/2016 11:47 AM (#7235 - in reply to #7234)
Subject: MTV General QUESTIONS



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I was asked (via email ... could have been posted here ;~):
If I am using an MTV filter with an alternative input (say SPY or $SPX) does that symbol have to appear in the focus list. If so, how do I get that into a focus list of the S&P100 – I cannot find the ability to add a symbol to that list.


No, that MTV-specified "Alternate Symbol" does not need to be in your list, but your feed-vendor has to support it ... however, the native FB alt-sym input *does* need to be in the current Focus List, so using the AltSym input has distinct advantages. MTV to the rescue!

I just tested it in a Strat, using AltSym=2 for Longs and AltSym=1 for Shorts. Neither 1=$DWCF nor 2=$DJC were anywhere to be found in active FL, or in other FL's in the dropdown. But the Strategy voteline shows filters functioning just fine when AltSym is used. When I tried using the native FB symbol input with either of them, it barked at me and told me they had to be in the Focus List.

-----------------

You can't add a symbol to a canned list (in this case you don't need to) ... but you can copy the sym's from that list to a custom MySymbols list and modify that. Note that you can create as many custom MySymbols lists as you need to (click Pencil icon) ... rename them to whatever seems best to you.
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ThomasHelget
Posted 2/12/2016 11:50 AM (#7236 - in reply to #7234)
Subject: MTV General QUESTIONS



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Jim:

Will you be posting your MTV System on TradeTight for us all to see?

And, if so, will it work for us MTVCore guys?

Thanks,
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JimDean
Posted 2/12/2016 11:59 AM (#7237 - in reply to #7236)
Subject: MTV General QUESTIONS



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The System will either be canned with the upcoming "big deal" MTV upgrade to version B1, or will be provided for sale (low $$) separately as a DLL. It will require either MTVcore or MTVxprt, with an active subscription since it "calls" those routines.

Will it be free or not? That depends on how much time I spend making it "cool" ... I've quite a few ideas that will take a extra time to code and test ... and if several of them pan out well, it will not be free.

Of course you can currently use an MTV function-call in the Strategy that I posted a long while back, to act as an Entry system. Or, plug in a Script. But this System will be much more robust and run faster as well.

I *might* just bundle it with the B1 upgrade, if it works really good, since that would mean everyone would want it. But if so, there will be an upgrade fee for B1 after all. Which is definitely warranted anyways, since I'm adding so much to B1 ... along with streamlining it.

Probably will be another 2-3 days before release ... several new ideas (really good ones) popped up last night and this morning, and I'm going to add them before doing the release.

I'm also testing MTV out as a Stop. If I can make it work in a useful fashion, and if its calc time is not too excessive (likely a problem, since Stops are quirky about that and since MTV was not written for speedy calcs but rather for Script-ability) ... then I'll also bundle it with the System.
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SalimHira
Posted 2/28/2016 12:03 AM (#7308 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hi Jim:

I attempted prior to posting to forum, but how can I paint the bars, background, etc. on price or indicator panes with MTV ? Thanks.
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JimDean
Posted 2/28/2016 6:06 AM (#7312 - in reply to #7308)
Subject: MTV General QUESTIONS



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Anyone who has an active subscription can "call" MTV as a function. In version A (soon to be upgraded to B which is a bit different), enter -1 in the last input and it tells you near the bottom of the popup if your subscription is active - if so, click the No button and it provides you with a prefix after function call using the current settings (print off, return set to the T.V mode). Typically, you want to have trend only output, so change that "1" to a "2". I'm pretty sure that I explained this in the video about the final three inputs.

Once you copy that function call, just paste it in anywhere that you might use a MACD or SMA or other type of function call. It produces a -3 to +3 output.
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SalimHira
Posted 5/21/2016 2:47 PM (#8381 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hi Jim,

I noticed the Volatility bars of "deep blue", the calm effect, have 3 bar lengths, while the blue, medium length, and cyan (Wild) has the longest length.

Any particular observation to take into consideration for the calming effect --> calm, calmer, calmest ? Thanks.
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JimDean
Posted 5/21/2016 2:54 PM (#8382 - in reply to #8381)
Subject: MTV General QUESTIONS



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I think I mentioned to you earlier, either on the forum or via email ... the calmness or wildness or bullishness or bearishness (as indicated by T.V outputs in FL column or by histo bar lengths) are a direct result of how many "votes" the internal rules find, in favor of that state. More-extreme values mean more votes in agreement.

So, a more-extreme value either means that there is a sudden and very dramatic change in the underlying (price or volatility) one way or t'other ... OR it means that the state has been in the same mode a long while, ie it's "mature", thereby giving time for all the votes to line up.

I will be releasing the new B1 version next week. It's done, but being tested by a small group. For grins, I'll attach the three help manual PDF's here ... note that the old names are gone ...

what was MTVxprt is now MTVpowr
what was MTVcore is now MTVflex
and a new, super-simple MTVedge is now part of the mix.

I'm not fielding questions on these yet, but the manuals are very comprehensive, albiet without pictures since they are automatically generated from the new text-file-driven context-sensitive help engine.

Everyone who is a current owner will be receiving a new copy and a new license, at no charge ... and there will be reasonable prices to upgrade and activate the really cool new features that go completely beyond the scope of the original routines.

So ... enjoy the manuals! A lot of work went into them!

PS ... I suggest you read Edge first, then Flex, then Powr. At a minimum, read the Overview sections for each, to understand the big picture. The writeup for the final input is the same for all three, as is the Appendix. The writeup about the Guru and Output section inputs is the same for Flex and Powr.

Attachments
Attachments MTVedge Full Help Manual.pdf (278KB - 11 downloads)
Attachments MTVflex Full Help Manual.pdf (318KB - 9 downloads)
Attachments MTVpowr Full Help Manual.pdf (365KB - 16 downloads)
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SalimHira
Posted 5/21/2016 6:09 PM (#8390 - in reply to #7232)
Subject: MTV General QUESTIONS



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Yep, you are absolutely correct and at the time I was testing deeply with the Trend states, and forgot completely it works the same way for Volatility too :-).

Now, I have a dilemma, my setup of the very bullish and very bearish Trend is done nicely each separated in MTV indicator panes, but now, attempting to work with individual setup of Volatility of "very Wild" to "something - I can't figure out" within both Very Bullish & Very Bearish individual MTV setup ... to catch the Squeeze completion for the "Turn in Trend" as it bends.

My ultimate objective is to follow the "squeeze" visually, and for this, I must have 3-5 individual MTV indicator panes. Any help welcome. Thanks.
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JimDean
Posted 5/21/2016 6:13 PM (#8391 - in reply to #8390)
Subject: MTV General QUESTIONS



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I'm not sure what you are trying to do, but you can plot multiple instances of MTV, with whatever settings, on the same chart at the same time.

For more info re meanings of output, see extensive help in pdf's I posted, for the final input.
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WesSmith
Posted 6/2/2016 3:47 PM (#8723 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hi Jim
1 How does one use MTV with Omnivest only?
2 Are there some community strategies on OV that would demonstrate it's use?

3 When do you plan to have the new videos?

4 I'm a bit puzzled by the discounts and timing.
It seems it would be wise to hear all about the new MTV info from your bash presentations before deciding to purchase.
But the discount expiring before the bash seems to preclude that.
Sort of goes hand-hand with the videos.. Having videos would help with making an informed decision.

Cheers
Wes
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JimDean
Posted 6/2/2016 4:12 PM (#8724 - in reply to #8723)
Subject: MTV General QUESTIONS



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Most of these things will be answered during the Bash presentations on Sat PM and Mon AM

Quick answers:

1. MTV interfaces with OVest as it always has, via matching OmniScripts. Help manual describes.
... also, there will likely be pre-determined, pre-optimized solutions via Elite Trader

2. The "use" of MTV in OV is simply pasting in a Script as a Condition. I'll have a video illustrating it but really there's nothing to it. No free "community" strategies planned.

3. Videos will begin with presentations given at Bash ... will cover a lot of ground ... those will be *webcast* then when I get back (super-slammed getting ready now), that will be the very next thing ... so, several coming out within a couple of weeks.

4. Discounts are a courtesy, not a negotiation. Value of the upgrades far, far exceeds the regular prices, much less the discounted ones. 10% discount continues after the Bash.

5. The rental option provides for informed decisions at the cost of a dinner outing.
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WesSmith
Posted 6/3/2016 8:59 AM (#8732 - in reply to #7232)
Subject: MTV General QUESTIONS



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Thanks Jim
I looked thru the help files, and am still a bit confused re using it with OV.
What generates the Oscript for OV? Will I need OT or VT in order to create these Oscripts?
Or are there canned scripts in the MTV packages that I can just 'plug in'. ?


Edited by WesSmith 6/3/2016 9:00 AM
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JimDean
Posted 6/3/2016 9:50 AM (#8734 - in reply to #8732)
Subject: MTV General QUESTIONS



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Hi, Wes:

Based on MTVpowr options, there are potentially 2.2 million different patterns, each of which could have 14 different Script-variants ... so obviously all the scripts aren't already tucked away in a box somewhere to hand out ;~)

Based on MTVflex options, there are 125 different patterns, each with 14 Script variants (various Boolean tests for the six different States ... fairly long story) ... again, that's a lot of scripts so they aren't (yet, anyways) pre-generated in a big document.

Second consideration:
Due to the complexity of the MTV calc's, those Scripts can be very, very long, depending on which Pattern options are selected ... a "short" script might be 3000 characters ... and some scripts get to be ten times that length. So ... generating them from "within" MTV, although theoretically possible, would be very complex to program.

So ... the solution I've come up with is a huge, complex spreadsheet that generates those Scripts based on the Pattern-code (basically, the list of MTV inputs plus a little). I sell the scripts for very low prices (typically ~$40 for either a boolean sixpack of scripts for Trend, or a single "value" output script for Trend that adapts to various boolean configs ... similar for Volat). The user chooses the pattern based on their investigation of MTV settings in OT/VT, either by visual means (looking at plots on charts) or by automated SW runs.

Once the user decides upon a pattern choice that suits their needs, they set the final input=0, a popup appears, they select option #4, and two popups appear in sequence to walk them thru the simple ordering process. They email the resulting code (highlighted in blue in snapshot below) to me with payment (explained in yellow highlight areas) , and I email them back the fully-documented Script(s) that precisely match that MTV pattern. Then they use the Scripts in OVest or anywhere in OT/VT that the Formula Builder appears.

That's as succinct an answer as I can provide right now ... very very busy preparing for the Bash (tomorrow). I will be discussing this near the end of my Sat afternoon presentation.

This is true for all MTV versions. The right side pair of panels apply to Flex, or to Powr if only the Guru inputs are used ... the left side pair apply to Powr if one or more of the Expert tuning inputs are used. Edge has similar pricing as the Flex version.

And finally ... yes ... someone can buy the Scripts without owning MTV ... but they won't really know which one(s) to buy unless they can see them on the screen. Pricing for the scripts is 20% higher for people who don't own a version of MTV that could have modelled that Pattern. The reason for this is that *I do not want to sell black boxes*. A Script with no way to really have tested it ahead of time for reasonableness as to what its filter-pattern is imho like a black box. I'll let people do it ... but the higher prices are designed to discourage it.

(MTV OScript Ordering.png)



Attachments
Attachments MTV OScript Ordering.png (69KB - 4 downloads)
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SalimHira
Posted 6/12/2016 10:01 PM (#8803 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hi Jim:

I have to manually refresh the focus list column of MTV to update, it's not doing so automatically as other columns found in focus list. Thanks.

btw, I am using realtime OT profile, if that is of any help.
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JimDean
Posted 6/12/2016 10:20 PM (#8804 - in reply to #8803)
Subject: MTV General QUESTIONS



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I'm not sure what you mean by manually refresh ... and if you're in RT profile, why would it need updating if there is no new data coming in? Or are you trading Forex?

Custom FL columns normally do not recalc in EOD unless there is a ToDo run or unless you edit the column. I've not tested the behavior in RT, and cannot tonight since exchanges are down, but there is no reason that I know of why MTV would act any differently than any other custom FL column. I suppose that one issue might be if you were using very fast bars and a fairly long list &/or a lot of bars loaded, then MTV might have trouble keeping up.

So ... where is your live RT feed coming from on Sunday night, and
What timeframe are you using, and
How many bars and symbols are loaded, and
What is your "NumBars" setting (read about that input in Help ... it's important and relevant to this)
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SalimHira
Posted 6/13/2016 5:11 AM (#8805 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hi Jim:

I am trading futures, market starts at 6p.m. E.S.T., bars loaded 600, trading on 1-min, with MTV numbars showing 207 bars. Only 1 symbol loaded in focus list.

I meant manually by "right click" on focus list column, click edit focus list column, and when MTV edit appears, I click okay, and focus list than "calculating indicator stats" ... refresh stats appear... I have to do each time. Thanks.
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JimDean
Posted 6/13/2016 6:48 AM (#8806 - in reply to #8805)
Subject: MTV General QUESTIONS



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What do you have the other inputs set for? Maybe provide a snapshot of your MTV panel. Have you tried any slower timeframes such as 10 min?

And, btw - is the plotted Indic "keeping up" with the 1min bars? If so, then there might be an OT engine bug re FL's.

I've stated before that MTV is complex enough to require meaningful calc time. I've cautioned against using it on very fast RT bars. My testing in RT has been limited.

One of the significant-effort future enhancements for MTV could be reworking the code to make it run maybe 5-10x faster. But that is a major undetaking and since so much focus these days in N-land is on EOD (both OV and OF), I won't be doing that major surgery to MTV for about a year or so.

So, please do some less-stressful testing (5-10min bars) and also try out the indicator.

Afaik, MTV **should** work under the conditions you describe. Maybe I should have said that first ;-)
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SalimHira
Posted 6/13/2016 7:06 AM (#8807 - in reply to #7232)
Subject: MTV General QUESTIONS



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I have 1-OT template that has 4 MTV indicator panes with various parameters settings, + 1 MTV on focus list, + various other indicators on price pane ... all humming at blazing speed with no hiccups - kudos to you.

I have noticed this behavior on other indicators too in past, so was just wondering, if its me or just OT - seems it could be a bug. Thanks.
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JimDean
Posted 6/13/2016 7:28 AM (#8808 - in reply to #8807)
Subject: MTV General QUESTIONS



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Aha ... if you've "noticed this behavior" on other custom FL columns in the past then that certainly would point to an OT issue rather than an MTV issue, especially if MTV is working fine in the indicator charts.

Barry has a working copy of MTV available to him (mention the "Bash presentations laptop") ... you might want to send him a stripped down copy of your profile, with a single MTV indicator on the chart pane and a single MTV FL column ... with exactly the same settings for chart and FL (except of course the FL input s/b negative). That way he can dup your situation.

Suggestion before you do that ... try MTV in a simplistic Strategy similar to the one described here:
http://tradetight.org/forums/thread-view.asp?tid=1175

Or ... easier to do ... try using MTV in a Quick Indicator ... that will test it's "Return Value" function. Use the same settings as the FL uses.

See if that strategy creates "signals" automatically with the 1-min bars. If so, then the problem is confined to the FL, and Barry needs to dig into it. Let me know what you find out from him.
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SalimHira
Posted 9/4/2016 3:39 PM (#8879 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hello Friends,

I need some ideas dealing with MTV how a trader deals with buyer and seller points of price exhaustion. Thanks.
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JimDean
Posted 9/7/2016 1:22 PM (#8880 - in reply to #8879)
Subject: MTV General QUESTIONS



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Hi Salim:

"Exhaustion". Good word - in the middle of unpacking from move now and it describes me to a tee :-)

It's a somewhat amorphous word in the trading world. I prefer the term "overextended" (if that is what you mean ;-)

In MTV terms, exhaustion would be at the end of a long trend. The MTV trend values would have reached a high max and then started to back off by more than just one bar and more than just one "notch" re the score (although the "color" may not yet have changed).

The volatility often but not always will have a small increase during the inception of exhaustion cases - but generalizations about volatility are not as solid as those about trend measurements.

I hope this helps!
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SalimHira
Posted 9/9/2016 5:21 AM (#8881 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hi Jim:

Thanks, and wow - you're good in recognizing probable possibilities of price action- you hit the nail in your suggestion.

I do recognize and concur on your comments totally about MTV trend values and measurements, and few bars off of color change, etc. etc. - I get all that and do see it on MTV - whereupon, I have no related quarrels or questions.

Dilemma I got as stated instance during choppy sessions which are quite a bit - by time OT enters on market order (i.e., misses out from initial REAL "Extension" entry or exit), and price / trend moves in my favor - when trend fizzles at "over-extensions", and by time I exit out correctly, I end up either with small loss, or breakeven, but at least does not hit my stoploss (the good part, but bad part, exit early "if" on new trend has started or a continuation - but that's my preference and no love lost here). But small losses and b/e's tend to add up very fast, and I am attempting to minimize them too.

Now, I've been playing around with the exotic Volume and Overbought/Oversold indicators with MTV to find these "over-extended" areas, they do help but not firm or solid either ... but with your suggestions, I am thinking to tread into uncharted water to fiddle with MTV Volatility in conjuction with some kind of a good Volume, and Velocity indicators that will give a good measurement indicator of possibly recognizing "over-extension" areas.... something in meantime I shall attempt to chew on :-).

If there are any other feedback/suggestions of possible ideas or indicators to tune with MTV by fellow friends/traders would be helpful too. Thank You.


Edited by SalimHira 9/9/2016 5:24 AM
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SalimHira
Posted 9/12/2016 1:04 PM (#8882 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hi Jim:

Quick question, am I able to trade simply on MTV Volat Wild bias bars only ? Or, I'd need a MTV System for it ? I am kinda confused (i.e., so used to Trend trading setups), or need help of thought process if this can be done. Thanks.
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JimDean
Posted 9/12/2016 1:11 PM (#8883 - in reply to #8882)
Subject: MTV General QUESTIONS



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Not at PC - but you should be able to use the example I provided of creating a "system" out of MTV filter block, but choose the return value option to be "3" for Volatilty instead of "2" for trend. Otherwise the same.
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SalimHira
Posted 9/14/2016 9:37 PM (#8884 - in reply to #7232)
Subject: MTV General QUESTIONS



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Thanks Jim, that helps.

I am slowly attempting to understand the MTV volatility and its measurements workings with trend, etc.

Below are some of my observations so far based on the Wild and Calm bars separated from MTV Trend bias measurements:

a). there is not much difference in MTV Volatility calling two indicators for trending MTV Bull and Bear bias. Volatility supports around the same areas for bulls and bears - so did not spend too much time attempting to understand the differences, if any. So, I presume, it would also be cool to tweak MTV volatility on its own in certain or most cases too ?

b). When MTV Volatility is tuned properly separated from MTV Trend, I am able to convince myself probable turning points in OT chart templates whereupon, MTV Wild bars present themselves solidly with "over-extention" woring along with exotic Volume & OB/OS indicators, disregarding subsequent smaller MTV Volatility Wild bars...

- Note, many times you will also find divergences in play too - its so cool and obvious to observe them in play.

- Note: Setting 3-MTV indicators for Bull, Bear, Volat. bias - when MTV Trend bias for both Bull and Bear, as MTV Volatility arises (i.e., Wild), you will find MTV Trend bias for either Bull or Bear (but not both) turn MTV Flat (gold) early by few bars ... MTV bias turns either green or red color ... good sight to see showing a truly change of direction to happen shortly in either direction.... Confused, sorry, can't seem to explain better in words.

- I also find there are hidden gems in MTV Return Values that need to be unfolded. Hopefully, lots of potential that may be found in untold MTV stories.

c). Imho, turning points are coming at Low Volume & MTV Calm (or maybe Normal) during retest or pullback (i.e., What I need for entry/exit).... after solid "true" WILD has shown itself (a distant ago). where I'd have a support or resistence area drawn beforehand for entries and exits.... everything has to line-up, or NO trade. which incl. MTV Trend measurements alignments with MTV Volatility, Volume, OB/OS, etc.

d). The key now is to determine if there is enough Reward:Risk to take the trade once all the ducks are aligned.

e). Opportunities are plentiful even when missed trade during the day, the indicators reset for next trade to align themselves... Its now only my mindset and behavior which needs to be habitually automated based on my written rules for trade entry/exit engagement.

f) A trader still needs tools on hand to see clarity what is viewed on OT Charts besides MTV that is in sync with their mindset, and even than, there is no guarantee.

g). Visually, I am very satisfied of my OT chart setups, MTV acting as a filter, and part of my OT strategy build - FINALLY.

But, I am still confused :-), but more so, in attempt to trying build a stable OT strategy with MTV acting as a filter. I am almost there - but tweaking is still needed to remove the choppy areas once Jims presentations show all the MTV powerful features unfolded.

h). I primarily need help in direction how I may be able to remove choopy areas with Volatility, or OHLC bar ranges, etc.

-----------------
Low Volume observed:
Our most significant turns in price are often accompanied by low volume. Here is the logic behind: The most significant turns in price will happen at price levels where supply and demand are “most” out of balance. The more out of balance supply and demand is at a given price level, the less time price spends at that level. The less time price spends at a level, the fewer the transactions (trades) at that price level. The fewer transactions, the lower the volume. So, the larger the supply and demand imbalance at a given price level, typically, the lower the volume. See pic attached.
----------------

Please comment or help if you are able to follow my thought process. Sorry for all the rambling. Thanks.

<img src="http://tradetight.org/forums/get-attachment.asp?attachmentid=4630">



Edited by SalimHira 9/14/2016 9:43 PM

Attachments
Attachments lowVolumePullbacks.jpg (12KB - 6 downloads)
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JimDean
Posted 9/15/2016 5:37 AM (#8885 - in reply to #8884)
Subject: MTV General QUESTIONS



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Glad to hear you are finding MTV useful. I know that you enjoy digging into things systematically, and I applaud your diligence and creativity here.

One clarification: MTV's volatility calc is not internally different as a function of what trend direction is active (bull or hear) - but you can create alternative MTV Volat patterns to use with bull and bear trends if you find that helpful. You can use the bias input to alter the "propensity" for wild or calm states to appear.

I hope that helps.
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SalimHira
Posted 9/15/2016 7:24 AM (#8886 - in reply to #7232)
Subject: MTV General QUESTIONS



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Hi Jim:

That is exactly how I am using MTV volatility as you have described... I'd share with other MTV users would be that MTV Volatility is generally speaking "place of the crime scene" on the price charts and should be investigated thoroughly - hehe. The patterns are quite revealing esp. identifying for support and resistance too if one wants to look a little more in depth. Thanks.
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JimDean
Posted 5/14/2018 7:47 AM (#9057 - in reply to #8886)
Subject: MTV General QUESTIONS



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Salim recently reported a problem with his MTV license acting funky ... I'd like to know if anyone else who has a "lifetime" license has a problem with opening MTV? There's an oddball bug in the licensing code which I'm fixing but I need additional test cases if there are any others. If you have experienced any issues, please email me direct (JimDean at TradeTight dot org). Thanks!

With the licensing fix, I'll also be bundling some nifty new features with MTV, including an easy means of making it into a tradeable strategy (entries and exits), with fairly decent non-curvefit signals ;~) So, keep an eye out for posts in this MTV Room : http://tradetight.org/forums/forum-view.asp?fid=193

PS: if it's been a while since you updated things, then please click on My Settings (upper right below banner), then click on Mass Subscribe, then put a check next to every Room that you have interest in. (Those of you who own MTV should definitely check that Room's box :~)
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