An Indicator

You can't judge on the "look" of an indicator.
The way you use an indicator is important.
That's the big job you have to do: analyze the graph and try to find things that you don't see at first sight.
I have indicators that don't look good at all, but they give very good signals because i discovered how to interpreted them.

You need good analytical skills to discover things that most people will never see in the charts.

You can have twice the same model of a car with twice totally different engines and equipment. So it is obvious that these cars are completely different. Use the same logic in judging on indicators.

If you can those between 2 women, would it always be the best choice to take the most beautiful one? I don't think so, all depends on what you want to do with one of these women.
 
i have taken a lot of indicator off these boards but when i add my foward testing to it. i find most of them cant even get 4% in a month.
I was lucky and found a way to use darvis box to get me the following forward stats

192 trade exiting 1 day after the stock gains 4% from july 24 to now
bars out change 0
bars out target 0
target % 0.04
new target % 0
stop % 0
Trailng stop % 0
double up % 0
new target %after double up hits 0
number of wins 184 0.963350785
number of loss 7 0.036649215
Drawdown -0.03824451
avg gain on exit 0.06748071
avg gain to high 0.20479
avg number of day 5.73822


most give a 50 /50 chance or the days are longer.
you think you can beat this i would like to see how

a good trading system must have rules
mine are

THE RULES

There are 3 price target
target price
stop price
doubleup price

your exit will always be at stop price
NEVER ENTER A GAP
ALWAY ENTER at the close price or better

if high of the day hits your target price your new target price will be the target price + the move up % till it over high
you stopprice will be the new target price - stop loss
if the low of the day hits the double up price you will double up at next day open your new targetprice will be the average + doubleup %
you will only double up if target has not been hit once target been hit stop price move past the double up price
if barstop is hit then the new target price will be entry + barstop %
 
Indicator divergence can be a sign post but I think indicators are mostly good entertainment for research. There are some better than others such as market breath. Please let me know otherwise...

P.S. I got a feeling I can use the momentum some other way... maybe just use it for exit. Actually Tony's thread on Objective Elliott Waves was an eye opener for me.
 
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