No one seems to use indicators

Sprout said:
Interesting.

What would you infer from two successive bars but the previous bar (B.1) where Price is increasing and volume decreasing and the current bar (B.0) where Price is decreasing and volume increasing?
In both cases the turnover number being the same.

P.0*V.0=T.0
P.1*V.1=T.1

T.1=T.0

If T.0 > T.1 Then Turnover (T.0) is increasing
If T.1 > T.0 Then Turnover (T.0) is decreasing
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View it the same, bar by bar as you would volume.
Turnover re bar by bar has little significance as often the price move is not a large %.
I find it has most significance over longer period lookbacks.
Saying that, I don't care too much about volume/turnover when analysing, nor do I analyse much on a bar by bar blow on trading.
Volume/turnover spikes though will grab my interest near S/R levels.
The main way I use, is I run a 28MA line through my turnover bars and formulate my algos around this.
I like to filter out stocks which historically run on low turnover.
Also, very high turnover stocks I'm not much interested in either when looking at selection for trading.
Depends though on my method of trading at the time. I run different systems depending on mkt behavior.
 
themickey said:
Don't ask me why I use a MA28, I have just found it to be a good alround workhorse number which I have used for many years as an EOD trader. :)
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Interesting that it's lunar cycle as well as some's women's moon cycle.
 
themickey said:
View it the same, bar by bar as you would volume.
Turnover re bar by bar has little significance as often the price move is not a large %.
I find it has most significance over longer period lookbacks.
Saying that, I don't care too much about volume/turnover when analysing, nor do I analyse much on a bar by bar blow on trading.
Volume/turnover spikes though will grab my interest near S/R levels.
The main way I use, is I run a 28MA line through my turnover bars and formulate my algos around this.
I like to filter out stocks which historically run on low turnover.
Also, very high turnover stocks I'm not much interested in either when looking at selection for trading.
Depends though on my method of trading at the time. I run different systems depending on mkt behavior.
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Thank you for expanding on the idea. It makes sense to me in that if an investor has X dollars to invest, low prices allows an investor to buy more, higher prices buys less per budget.

The budget's the budget.
 
Handle123 said:
RSI predicts nothing, but it shows where it has been recently, if traders spent more time in durations, expand normal RSI periods, get averages of "Swing" by the hour and study RSI in either harder trend development and in chop by making zones between 100/0, they can create much better ideas of where price been and what one might expect for continuation of movement. Major problem with RSI are the limits of 100/0.
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The limits of 100/0 or normalization is what makes it useful. CCI isn't normalized and is less useful in my opinion. Both just tell you if there has been significant selling or buying recently, no magic involved, so obviously it cannot predict anything.
 
It all comes down to emotions, to be honest. Master Fear/Greed (Very hard due to being a homo sapien) and you won't need any fancy indicator on your screen
 
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