Recent content by colion

Undoubtedly you are not approved for that level of option trading. Talk to your broker regarding requirements.

Look up Elder's Bull and Bear Power. As I recall bull power is H - EMA(C, 13) and bear power is L - EMA(C, 13). Check it out.

Primarily because they do not understand what makes options "tick" and do not invest the time to learn.

Are you sure that Scottrade does not provide IV in their Options First section? In any case, just Google "implied volatility data" and you will find numerous sources, including brokers.

ThinkorSwim and Option Oracle

Any set of numbers that traders use (e.g., Fibonacci, Lucas, Gann, Square of Nine, etc.) are relevant only to the extent that they are statistically useful. However, good statistics are imo not available for a number of reasons. In addition, rarely will any of these levels be hit on the button...

That's interesting. Could you post a plot of the distributions that you found?

This is not a simple as it sounds. For example, in your tests how much error around a given Fibonacci value did you permit for a "hit"? Did you check different symbols over time in a variety of market conditions? The same type of questions apply to any other method, including Gann studies...

Where did you download the program from?

Suffice it to say that plain vanilla optimization runs the risk of curve fitting. With in-sample data used for optimization and then tested on out-of-sample data this is less likely to occur if the out-of-sample data produces comparable results. An extension and refinement of that process is...

Some comments: 1 - Optimization is not "forever" and re-optimization is necessary from time to time. 2 - There is a right and wrong way to optimize. Simply optimizing can lead to great looking results that then fail in practice. To overcome this the optimization process should include...

I understand that you do not know how to program AFL. To repeat that leaves you with three options: 1 - learn AFL so that you can program custom indicators, or 2 - copy indicators from the AmiBroker library and insert them into AmiBroker, or 3 - use the standard indicators that are included...

It is explained here: Creating your own indicators So, if you don't know how to program then you either have to learn, or copy indicators from the library or elsewhere, or use the indicators that come with the program.

The optimum period and type of moving average (i.e., MA, EMA, WMA, etc.) will in general be market specific and most likely will change over time. For such indicators one either settles for an "OK" setting or optimizes routinely every week, month, etc. depending on how fast things change...

Take a look at MLDownloader. It will import any ASCII file and save the data in Metastock formatted folders of your choice.