Occasionally we receive requests from traders asking how to protect their own formulas from being viewed and modified by someone else. Here is a short guide detailing the steps.
The quick… more
Backtesting
This short article is not a huge programming exercise, it is mainly about a smart way to see seasonal behavior in an overlay chart. Here is the result we would like to have:
The… more
Editor's Note: In this article, Mueller expands on the Auto Fibonacci study concept covered in his August 27 article. Here he shows how to enhance the study by forcing the calculation to use… more
We often receive questions on how to limit trading activity to certain times of day. One little extra line of code can accomplish this quite easily.
In CQG there is a very efficient… more
Derived from contributions medieval mathematician Leonardo Fibonacci made to number theory, retracements measure the price areas where a market move is likely to pause or reverse a trend. Many… more
If we look more closely into trend-following trading systems, sometimes the percentage of winning trades is only slightly above 50%, but the trading system still creates some nice and profitable… more
The Average True Range (ATR) study takes the moving average of the true range over the specified period.
Definitions:
True Range = True High - True Low True High = The greater of the… more
The Correlation function in the CQG toolbox correlates the price movement of two symbols over a defined number of bars. For example, CORREL(CL,QO,10) will return the correlation between West Texas… more
Some of the work traders do in building trading systems can be very creative and exciting, but unfortunately some of the work is not. In most cases, traders have a specific idea in mind that they… more
Here are some thoughts about extracting "daily" values inside an intraday market.
A common request is to calculate and plot a "daily close" value of a study based on an intraday time frame… more