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We obviously don't trade the same way and that is fine.... When using fast volume charts and oscillators to accurately depict cycles, it makes a huge difference. Missing ticks also serve to hide the true extent of oscillation extremes... If you can trade profitably with missing data I...

Amen...traded with a guy who bragged about his free IB data and moaned to the heavens when I had ticks on my chart that weren't appearing on his... You get what you pay for....

I agree that indicators and textbook descriptions of how to use them fleece new traders. I don't include divergence in the above statement. It is the only way I know of to use indicators and obtain nearly real time indications of when to go long, when to go short, and when to expect...

Alex, Hidden/reverse divergence has nothing to do with how powerful the MACD histogram swings are. You need to compare the indicator to price to spot divergence. Check out the link I posted at the top of page 9. It will tell you the relationship that must exist between price and the...

Sorry Bullz...I couldn't resist when I saw the color scheme on their site..... I knew two good traders who used Tn'T or it's equivalent several years ago...they liked the program a lot but without reference to any canned indicators.....if you want it just for charting, it is fine as far as I...

Well, I am not the sharpest knife in the drawer so I am happy it isn't "hard"..... Help me out here....you stated earlier the "pro's" fleece amateurs by creating divergence between indicators and price..... When price is making a higher high and my stochastic is making a lower high, how...

I especially like the Red Light, Green Light, Blue Light feature...presumably you buy if green, sell if red and stay flat if blue.... All these years of study and trying to get it right wasted!....it was right in front of me the whole time....thanks for pointing the way!

Reverse divergence/hidden divergence are one and the same and it definitely exists regardless of which term is used...

No disagreement with your statement at all...however, to put it more precisely..... Reverse divergence between an indicator and price confirms that the trend will likely continue....and there is a well defined relationship between indicator and price that reveals reverse divergence...

Indicator/price divergence is not the grail....but it is definitely a tool worth paying attention to....either as confirmation to enter a trade or if you are in a trade and wondering if the trend will continue or not....divergence can provide very useful clues in both situations if you are able...

And you would be missing the better half of the boat. Reverse or hidden divergence is actually more reliable than regular divergence. It indicates trend continuation instead of a reversal in price. The link I posted above will enlighten you on divergence and the different types.

I'm with you. I much prefer that single indicator used in a way that is reliable 90-100 percent of the time AND in real time myself. Which one is your favorite? Learning to recognize the different types of divergence on a chart and the potential effect on price is not necessarily easy but...

I don't say you need additional filters for indicators. I do believe you need a filter through which you view the market you are trading. Ideally, this filter tells you when to look for longs, when to look for shorts, and when to stand aside. Once you have that filter developed...

Go to www.dacharts.com and look at the setups used by "jimmer". He is a band master and uses stochs as an important part of his analysis as well.

IMO, the above paragraph describes the best way to put stochastics to use. If you don't understand regular and reverse (hidden) divergence, it would be well worth your time to learn to recognize these powerful signals and see if you can find a home for them in your trading plan. I gave up on...

Pro's for leaving it on...... Fewer component problems....there are surges anytime power is applied and removed to any electronic equipment and they take their toll.... Con's for leaving it on..... Someone already mentioned dust which is a major concern....the electrostatic charge on...

Someone else mentioned indicators....and the fact that they don't tell you much...too true....I would ignore them if I were you. All you will develop a feel for is your reaction to an ever decreasing account balance. Some use them successfully but I think they are actually a hindrance to most...

All rather amazing as I have never posted a chart... Anyway, I have no desire to get into a to and fro on this issue....TradeStation does not offer constant volume bar charts...period....no settings will fix it....call TradeStation as the OP did and as I have done in the past....they will...

Hi John, Setting the "format symbol" to trade volume instead of tick count will not resolve the issue. It is easily proven - call up a share bar chart of whatever interval you prefer. Now click on individual bars on your chart and note "up volume" and "down volume" for several of them...

Just a few things you might not pick up immediately about MultiCharts: On the pro side: It appears to be a TradeStation clone....you will find the chart screens amazingly familiar....learning to use it is simple for anyone with TradeStation experience. You can readily import all your...