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Hi Chifai, a buddy and I recently spent several weeks with the Ocean indicators looking for an advantage over traditional indicators such as MA, Bollinger Bands, ADX, MACD, Stochastic, etc. These are the basic indicators which the Ocean indicators mimic. The Ocean indicators use no inputs, so...

His "Chart Reading for Professional Traders" book contains some of the most simple and elegant explanations for the nature of price movement that I have read anywhere. An amazing, relatively inexpensive book. His definition of trend as a simple, observable pattern really opened my eyes, and I...

Thanks everyone who responded for the great ideas. This opens a couple of new doors for me. Appreciate the help! Greg

Hi Folks. I've been experimenting with a simple breakout system based on Elders Triple Screen method. Filtering the daily-bar based entries by going up one time-frame to weekly-bars is effective in weeding-out some whip-saws and bad trades. Elder recommends the uptick or downtick of MACD but I...