Okay, I see. Now, using today LOR as an example, I knew that once we tagged the IBL, that we would have a greater chance of going to 1.5xIBL. Would there be a way to show the price candle going through the IBL in real time while showing the % of it hitting 1.5xIBL shifting higher when 1 event occurs in real time.
It could create like a type of heatmap which shows if you are taking high % trades. That might sound a little confusing, please ask for clarification if its too confusing. I am ultimately thinking of something like an NBA shot chart.
Just want to confirm that you meant 1.5xIBH or 1.5xIBL and not just IBL. Same goes for the other highlighted ones in this. I'm almost certain that you meant 1.5xIBH or 1.5xIBL, 2.0xIBH or 2.0xIBL, 1.5xIBH or 1.5xIBL, and 2.0xIBH and 2.0xIBL
On a side note, I watched something interesting about stochastics the other day and I'm a RSI guy just due to experience. My question is: Is price more reactive to RSI oversold/overbought levels or more reactive to Stochastics oversold/overbought? The quantitative value of both.
Chart definitions perfectly matching the Homework RTX outputs
Hello,
this post is intended for new subscribers discovering the Homework RTX indicator for the first time.
Here are a few important aspects to highlight today:
When it comes to generating statistics around key market levels, Homework RTX encapsulates 15 years+ of development that has been fuly documented on the Homework Research , which includes 30+ videos, with multiple chart definitions that can be imported to your own instance
Homework RTX is not a black box. It was created to access, with ease, a summary table of all statistics concerning multiple key market levels. Every single statistic is produced by a given "Signal Statistic" indicator setup that can be added to any individual charts
Homework RTX is designed to be run offline and not to be run “live” during a trading session
It can not be used to inspect and verify what has happened during a given day, i.e. answer questions like what was the opening like (ie LOR/LIR/HIR/HOR), was the ONH or prev. VAH touch or not,... To answer such questions, you need to use a chart (many definitions have already been shared on this thread or on the Homework page) that would include the individual Signals Statistics indicators used to create the corresponding arrays of statistics compiled by the Homework (RTX)
To facilitate this kind of work, we are sharing below 2 chart definitions that include both the Homework RTX, together with some of the signal statistics indicators setup (which are part of his internal code). To be more precise, we have included
the signal statistics indicator setups used for the HOR/HIR/LIR/LOR breakdown (including the HIR(mid)/LIR(Mid) options)
the signal statistics indicator setups used to generate the IBH/VAH and ONH stats for each of the 4 opening scenarios
This way, you can easily inspect the syntax of such indicators and customize them at will. In the screenshot below, orange and purple lines show the correspondence between figures reported in the Homework RTX and the individual Signal Statistics indicators
Check this video (from the Homework research series) to discover how the Signals Statistics indicator (used in conjunction with the MPD Indicator) is being set up to generate a specific statistic (the break of OVN high and low)
Okay, I see. Now, using today LOR as an example, I knew that once we tagged the IBL, that we would have a greater chance of going to 1.5xIBL. Would there be a way to show the price candle going through the IBL in real time while showing the % of it hitting 1.5xIBL shifting higher when 1 event occurs in real time.
It could create like a type of heatmap which shows if you are taking high % trades. That might sound a little confusing, please ask for clarification if its too confusing. I am ultimately thinking of something like an NBA shot chart.
Just want to confirm that you meant 1.5xIBH or 1.5xIBL and not just IBL. Same goes for the other highlighted ones in this. I'm almost certain that you meant 1.5xIBH or 1.5xIBL, 2.0xIBH or 2.0xIBL, 1.5xIBH or 1.5xIBL, and 2.0xIBH and 2.0xIBL
Yep, just conserving valuable horizontal space.
Sounds great.
On a side note, I watched something interesting about stochastics the other day and I'm a RSI guy just due to experience. My question is: Is price more reactive to RSI oversold/overbought levels or more reactive to Stochastics oversold/overbought? The quantitative value of both.
looks like the "pHI or pLO" on the out of range days are off. was this RTX released or still working on it?
Thanks for your help Chad!
hey Chad,
i can't seem to get the ONVPOC stat to show – is there something i'm missing? thanks!
I believe you have to import the sample chart definition on the Examples tab at https://www.linnsoft.com/techind/homework-rtx
That imports a custom indicator required for ONVPOC. Let me know if that fixes.
thanks chad - wrod got me sorted on this
Hello,
this post is intended for new subscribers discovering the Homework RTX indicator for the first time.
Here are a few important aspects to highlight today:
To facilitate this kind of work, we are sharing below 2 chart definitions that include both the Homework RTX, together with some of the signal statistics indicators setup (which are part of his internal code). To be more precise, we have included
To be precise, each of these charts includes
This way, you can easily inspect the syntax of such indicators and customize them at will. In the screenshot below, orange and purple lines show the correspondence between figures reported in the Homework RTX and the individual Signal Statistics indicators
Check this video (from the Homework research series) to discover how the Signals Statistics indicator (used in conjunction with the MPD Indicator) is being set up to generate a specific statistic (the break of OVN high and low)
Eddy
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