Quote from Anekdoten:
ST,
If the indicator is home brewed and 100% based on price action, I'll have to disagree with you.. Needless to say you must pay the price and do massive research even learn how to code them for the chosen platform.
"Kill them all except your own" that's what a very respected trader once told me. Took me years to follow his advice. Why are we so stubborn ? I suppose that's a whole new discussion.
It's the common crapola that is worthless.
Here is how mine keeps me out of trouble and gives me the best entries even when action gets tricky.
Anek
This is in reference to?????????????
Are you somehow implying I have not done the research, have not had proprietary programs written, and am somehow clueless as to how PA works?
Let's keep it real. An indicator is an indicator, regardless of who "wrote" it. The crapola that you are now referring to is exactly what you were using at the beginning of this thread. Not only were you using stochastics, MACD, HA, BB's, Fibs, you explained their use in detail complete with examples. It was I who said all along that those indicators were worthless. Now you are trying to tell me the distinction between a home brewed indicator and a crapola study now that you have decided not to use them?
Your home brewed indicator appears to be nothing more than a tweaked bid/ask pressure meter. Regardless of what it is, I will say it is not needed for the purpose of this thread, or for trading for that matter. I find it odd that after preaching the use of crapola indicators at the beginning of this thread, you are now trying to convince everyone you have had this magical one all along. Being your original intent was to help new and/or struggling traders, why all the newfound theatrics about some secret formula when you have no intention of sharing it with anyone other than bragging rights. The tale of how you are getting such fabulous entries is a bit over the line.
Nonetheless, the original HH/LL methodology is sound. But if you are wanting to help others, and I do believe you are, then KISS without the drama. If you are going to teach pure price action then do so with naked charts for simplicity sake. Anything above that is noise and only confuses those truly wanting to learn.
Have a great weekend, and please understand, no offense intended, just a simple observation. I encourage you to disagree, but veiled insinuations?.......
I've marked a like chart to give my take. Please show how your indicator improves the entries and keeps someone out of trouble regarding 'tricky price action," whatever that means. The price action is quite clear actually.

st