Best indicators ?????????????

Quote from Humpy:

Which indicators do YOU recommend and why ?

I have been using Macd, RSI, Mov averages etc. for years with mixed results.

Perhaps you favour a mixture of 2 or more indicators to compliment each other ??
More...

results ARE meant to be mixed, because price action is always different, so what you have is probability, average targets have to be a multiple of an average stop. It's not always possible to get 5% return, but you will have 5 attempts :)

No holy grail.
 
ATR being tapped to the upside in TNA. Look for a reversion to the mean this afternoon good for a couple few bucks most likely.

USD is weak which is a fundamental indicator used to color the technicals
 
Quote from mavericktrader:

Price & volume is really all that matters. Everything else is just a derivative of that.
More...

This statement is repeated and repeated and repeated
yet
ignored and ignored and ignored.

Price and volume are perfect in their consistency. Once a trade . . . of a stock, future, commodity, option or ETF, etc. is placed . . . it is history and a fixed point in the flow of price . . . PERIOD!
The only exception are transactions that take place following "fat fingers" that the exchange breaks and replace but that only occurs in less than .01% of the transaction yearly . . . if that.

That being fact . . . anyone using time bars for their decisions are introducing a variable that makes JSSPMK's statement a fact as well.

It totally goes over people's heads that tracking non-variable indicators (price & volume) on variable charts (time or tick charts) builds inconsistency into their decisions. Then they wonder why they have a hard time achieving consistent profitability.
 
Quote from mavericktrader:

Price & volume is really all that matters. Everything else is just a derivative of that.
More...

I agree.

What indicators (Other than Price and volume and T&S and Level 2)
do you think best represent that for showing early trend momentum?
 
Quote from unretired:

I agree.

What indicators (Other than Price and volume and T&S and Level 2)
do you think best represent that for showing early trend momentum?
More...

The first derivative of Premium. (You can use the second derivative as a vernier, as well.)
 
Quote from ProfLogic:

This statement is repeated and repeated and repeated
yet
ignored and ignored and ignored.

Price and volume are perfect in their consistency. Once a trade . . . of a stock, future, commodity, option or ETF, etc. is placed . . . it is history and a fixed point in the flow of price . . . PERIOD!
The only exception are transactions that take place following "fat fingers" that the exchange breaks and replace but that only occurs in less than .01% of the transaction yearly . . . if that.

That being fact . . . anyone using time bars for their decisions are introducing a variable that makes JSSPMK's statement a fact as well.

It totally goes over people's heads that tracking non-variable indicators (price & volume) on variable charts (time or tick charts) builds inconsistency into their decisions. Then they wonder why they have a hard time achieving consistent profitability.
More...


The other question that seems to have little attention is what testing is done once a system is developed.

Assuming one looks at some period of historical data to develop the concepts. rules and components of the system, how long does one test that design on some other set of previously unseen historical data (Out of Sample) before assuming that the system will work on future data in live mode?
 
Quote from jack hershey:

The first derivative of Premium. (You can use the second derivative as a vernier, as well.)
More...

I agree but is there a standard indicator that uses those two?
One that is that pure and simple?
Already coded in many platforms?

(I won't code anything up as I am too lazy and don't see the necessity till I am willing to pay someone to do the work.)

Dumb it down a bit for me and point me to standardized indicators if you please.

A few choices.

TIA
 
Quote from ProfLogic:

This statement is repeated and repeated and repeated
yet
ignored and ignored and ignored.

Price and volume are perfect in their consistency. Once a trade . . . of a stock, future, commodity, option or ETF, etc. is placed . . . it is history and a fixed point in the flow of price . . . PERIOD!
The only exception are transactions that take place following "fat fingers" that the exchange breaks and replace but that only occurs in less than .01% of the transaction yearly . . . if that.

That being fact . . . anyone using time bars for their decisions are introducing a variable that makes JSSPMK's statement a fact as well.

It totally goes over people's heads that tracking non-variable indicators (price & volume) on variable charts (time or tick charts) builds inconsistency into their decisions. Then they wonder why they have a hard time achieving consistent profitability.
More...


Indeed.
One of my favorite systems is the "Shark Parasite or Symbiotic" system.
Swim with the big block traders on level 2 and gobble
up snacks that their price and volume establish for the
time duration they are "feeding" up or "feeding" down.
 
You must log in or register to reply here.
Back
Top