Comments on: The Wisdom of Art Cashin, and More StrategyDesk Tips

By: Dinosaur Trader

Dinosaur Trader — Thu, 22 Mar 2007 15:50:52 +0000

Great witty comment by Art.

And I agree with your assessment of Rick Santelli. But I must admit that sometimes, I have no idea what the heck he’s talking about…

Slow trading day…

By: Will

Will — Wed, 21 Mar 2007 02:11:00 +0000

BNJ - So with the Bar[Minute,30] you’re specifying to the minute when the bar starts so you can distinguish between the 1100 and 1130 bars, for instance… Simply Awesome! Looks like we’ve just about got this “period-x high” thing whipped!

If we ever need the first 10-minute bar’s high (what, 36 different statements?), and then use it as part of a larger formula where we have to repeat it a few times, I guess we’ll end up testing the limits of how many characters long a StrategyDesk formula can really be…

Oh, and as of tonight I’ve finally knocked out a fully-functional “Hammer” formula, and it was way hairier than I expected- check it out in the Formula Reference Chart. Also I’ll add your “first 30-minute high” formula. Thanks so much for it!

By: BNJ

BNJ — Wed, 21 Mar 2007 01:20:59 +0000

Heh, yeah, that one took me a while to figure out. At first I was convinced that the SD example was fubar, but I finally figured out their approach, although it was quite a forensic exercise.

Based on the same techniques, I built this formula for “the high of the first 30 minutes.” You’d think it’d be easier….

Bar[High,30] * (Bar[Hour,30]=9) * (Bar[Minute,30]=30) +
Bar[High,30,1] * (Bar[Hour,30]=10) * (Bar[Minute,30]=0) +
Bar[High,30,2] * (Bar[Hour,30]=10) * (Bar[Minute,30]=30) +
Bar[High,30,3] * (Bar[Hour,30]=11) * (Bar[Minute,30]=0) +
Bar[High,30,4] * (Bar[Hour,30]=11) * (Bar[Minute,30]=30) +
Bar[High,30,5] * (Bar[Hour,30]=12) * (Bar[Minute,30]=0) +
Bar[High,30,6] * (Bar[Hour,30]=12) * (Bar[Minute,30]=30) +
Bar[High,30,7] * (Bar[Hour,30]=13) * (Bar[Minute,30]=0) +
Bar[High,30,8] * (Bar[Hour,30]=13) * (Bar[Minute,30]=30) +
Bar[High,30,9] * (Bar[Hour,30]=14) * (Bar[Minute,30]=0) +
Bar[High,30,10] * (Bar[Hour,30]=14) * (Bar[Minute,30]=30) +
Bar[High,30,11] * (Bar[Hour,30]=15) * (Bar[Minute,30]=0) +
Bar[High,30,12] * (Bar[Hour,30]=15) * (Bar[Minute,30]=30)

By: LP

LP — Tue, 20 Mar 2007 12:07:03 +0000

Gotta love that Art…he’s one of the few straight shooters on that show…eveyone else is just a wall street puppet

By: Will

Will — Tue, 20 Mar 2007 12:00:22 +0000

jaybird- No, this one is from the only “time of day” hint AMTD gives us in their “documentation”, and the fact that it doesn’t seem to work as advertised is one of the questions I’ve been trying to sort out — however, it is the starting point for the Opening Range formula we’re pursuing. I’ll post that one in the comments below your original question in the other post when I can get it sorted out (got in late last night and am headed back to work right now, so haven’t been able to work on it). Hope to have something for ya soon, though. Thanks.

By: jaybird

jaybird — Tue, 20 Mar 2007 09:05:32 +0000

so is this formula the one for the first hour? i’m still confused about the bars and which to put in. thanks