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Best indicators ?????????????
- Thread starter Humpy
- Start date
Quote from Lojanica:
1. Volume
2. Range
3. Price
In that order.
The rest of the stuff you need is not technical.
News
FED activity
Macroeconomic stuff
If you look at this stuff you can build a profitable system on any tradable item. Then it just comes down to ease in implementation, costs to trade, etc.
Oh yeah---time, especially the realtionships of time frames.
Longer timeframes trump lower time frames so an edge exists by reversion to the mean if a short term timeframe is stretched (in either direction) in relation to longer timeframes---Mar 09 to Dec 09 for instance c/w July 07 to Mar 09 c/w 1995 to 2000 for example
So to sun it all up without giving up the goose ; )
Volumu confirms the reality of a move. I look at volume in leading indicators for instance. A volume brakout means something just figure out WHY!
Range tells the same story range x volume is especially powerful as a technical indicator as to the significance of a signal.
Price tells you direction.
Time tells you how to put on the trade--how long how much and when for instance---the next minute, hour, day, week, month.
Fundamentals color the outline drawn by technicals.
Then leverage up appropriately depending on the risk/reward.
Cheers
Volumu confirms the reality of a move. I look at volume in leading indicators for instance. A volume brakout means something just figure out WHY!
Range tells the same story range x volume is especially powerful as a technical indicator as to the significance of a signal.
Price tells you direction.
Time tells you how to put on the trade--how long how much and when for instance---the next minute, hour, day, week, month.
Fundamentals color the outline drawn by technicals.
Then leverage up appropriately depending on the risk/reward.
Cheers
Quote from Lojanica:
I look at volume in leading indicators for instance. A volume brakout means something just figure out WHY!
Leaders and Laggards is a good source. When leaders have a significant volume breakout to the upside they are leading---hence the name---other equities whereas laggards lag. Use these combined with voluma x range and voila you almost have a system
My 2 favorite indicators are:
Up means Up
Down means Down
Then:
The trend is my friend.
After that:
Candles
a custom ATR overlay line showing resistance and breakout range
TSI (True Strength Index)
Chandes Momentum
CCI
Volume
There are 3 trades on this chart that I played today.
From a double tall monitor trade station.
Up means Up
Down means Down
Then:
The trend is my friend.
After that:
Candles
a custom ATR overlay line showing resistance and breakout range
TSI (True Strength Index)
Chandes Momentum
CCI
Volume
There are 3 trades on this chart that I played today.
From a double tall monitor trade station.
Attachments
The indicators as viewed on your chart summarize those listed indicators which make it easy to interpret while on the fly in real time. Price indicated direction, volume denoted the significance, and range the limit given the strength of the move all orchestrated by the time of the day.Quote from unretired:
My 2 favorite indicators are:
Up means Up
Down means Down
Then:
The trend is my friend.
After that:
Candles
a custom ATR overlay line showing resistance and breakout range
TSI (True Strength Index)
Chandes Momentum
CCI
Volume
There are 3 trades on this chart that I played today.
From a double tall monitor trade station.
Nice job as long as you made money.
Quote from Lojanica:
The indicators as viewed on your chart summarize those listed indicators which make it easy to interpret while on the fly in real time. Price indicated direction, volume denoted the significance, and range the limit given the strength of the move all orchestrated by the time of the day.
Nice job as long as you made money.
With my rule sets it works 100% ... but it is boring. (This week I will be working on a special ATR coded
indicator in another market to use as a leading indicator.)
I'm pretty excited about it ... It should let me take twice as many trades once it proves itself.
Today I modified the rules to take slice trades off the CCI.
Same rule set but with an automated quick scalp versus the standard 25-200 pip run.
BTW - it is currencies ... but I use the same setup with stocks or futures ...
except with stocks I use a coded SPY and coded GLD line over candles to detect large
market confidence on about 60 issues that reflect broader market trending.
Quote from alexandermerwe:
If you can interpret it correctly this is one of the best indicators that combine price action patterns and backtest results in a single measure:
Price action indicator
I hope some platform will implement it because I cannot afford it.
Interesting.
Has this been implemented somewhere??