jimibt wrote: ↑Sun Jul 26, 2020 2:20 pm
decomez6 wrote: ↑Sun Jul 26, 2020 1:14 pm
jamesg46 wrote: ↑Sun Jul 26, 2020 12:17 pm
I was trading a Mdn race at Ripon the other day, I think it was 6f, maybe 5 im not certain but the trade I took, the selection was miles away from the VWAP so I took my position and it just never reversed, I got hammered and so did the back side of that runner. My mistake was I'd forgot that the stall numbers are the opposite way around and this Mdn had the stand side rail. Its not a perfect indicator, crisp bags floating by or stall numbers can screw it up short term but i think long term its solid.
I think the vwap offers a better exit point and the ATR ( average true range ) a better entry point . This way you are playing within a safe volatility zone. Normally the ATR is used to calculate the distance your stop losses should be placed at from your entry point.
I tend to use vwap as support in a bear market and as resistance in a bull market.
In theory SP is supposed to offer the most fair price, a mid point where the buyers and sellers are in equal agreement. The vwap has a time component and therefore it is slower to react and it’s less volatile especially is immature markets. Sp is useful to guarantee a match at the off But not as a twin mirror to the vwap. The differences are rarely tradable... from my observation they break even in the long run.
how have you been calulating ATR given that there is no previous close?? i.e. these markets are true expiry, a bit like options. for sure you can take an average of each high and low traded price and plot that over time. interested to hear your take on this as it could also be fairly interesting.
my time frames are divided into 30,60,90.....seconds.and the volume bar has an inbuilt trading range , this serves as a visualisation tool . i would go ahead and open multiple instances of bet agel, each having the volume bar settings adjusted to show the corresponding time frames. so i can visualise volatility, just like the new traffic lights marker.
thats the visual part .one instance shows 30 secs of volume increament , another one 60,......so on.
my calculations are based on blocks of 6 prices. each instance is tracking the volatility of one block, and each block comprises of three best back prices and the three best lay prices( like weight of money calculations). my highest closing price is the price at the best back price at the closing of the time frame in this case 60 secs.while my low price is the initial lay price of the 3rd lowest price lay price at the beginning of the 60 seconds.
i will get the difference of the two figures which will be added to the results from other time frames and divided by the number of instances.
this gives me a number akeen to the traditional ATR.( may be not exact)
but it serves as a guide .am i going the long, wrong way?
Is there a better way of doing it in bet angel?