关于TrendBar的进一步说明:
Re: OP Trend Bars MTF - (Brief Examples)
by RappidFyre » Tue Feb 08, 2011 11:12 am
yoku wrote:
hi rappid, like yr work and thanks for sharing yr experience.
could u show me how to use this indicator? i am looking at for couple days, but cannot quite figure out.
thank
First I'd like to say thank you, to all those who posted to this thread, for all the kind words and inspiring feedback I have received on this indicator.
Below are a few basic examples of how to go about using this indicator OP_Trend Bars MTF in an analysis and trade type situation. This indicator works across the boards on both Time / Tick Charts, Futures, Equities, Options, (OPRA) Option Codes and Forex and in every Time Frame available in TOS.
No screen shots or presentation like examples in this post due to time constraints...
Here is the link to the original post: (Below)
viewtopic.php?f=24&t=829&start=0
OP Trend Bars MTF works excellent for indication on trading Options - Providing your skill set and understanding of the Greeks and how to trade Options are in tune.
Hint for utilizing the OPTBMTF with Options: This indicator also reads Option Codes (Formally knows as Opra codes) extremely well. - You do realized when you are trading Options that your are respectively trading a percentage of the underlying security. - It also works extremely well on spreads - verticals, diagonals, condors, butterflies, etc...as well
Hint continued - Run a separate instance of the OP Trend Bars MTF on another chart respectively to the underlying you are trading. Time frames of the underlying are no issue - just be aware that you have the correct Option Code, Month and Strike.
Hint on one variation of Indicator Usage for Intraday Swings: On a potential Long setup - Using trend bar set 5, 3, and 2 -
*A - You would want to see 2 Medium Green turn to 2 Bright Green - or - at least 4 consecutive Bright Green in TB 2 -
*B - You would look for 2 Medium Green with 4 or better consecutive Bright Green and a continuation in TB 3 (Yellow will indicate a slight pullback or a brief consolidation)
*C - Then you would want to see a Bright Red or Double Yellow & immediately following a Dark Green indication or a Double Dark Green or Light Green after a Bright Red single or sequence in TB 5 (Stay with me here....)
When all these conditions are met as listed above (Although there are variants to these sequences) confirm your entry using TB 6 in conjunction with TB 2.
Get your order in and manage your position utilizing TB 3 and TB 2
The same Entry confirmation for the Long entry on this particular type of trade is NOT true inversely for taking a Short position.
A little short on time right now to get into it.
BTW - when you have some astonishing trading results as a result of using my TBI - I'd like to see some posts as to how you are using this indicator, on what securities, time frames and some details on how you are applying my TBI to generate any type of Buy / Sell signals or Area Trigger Targets for Adds / Peels / Profit Taking and most of all how you well you are doing.
All the best |