Overbought/oversold

Deviation from VWAP and aggregated volumes. (cross-asset and across multiple exchanges)

In the real world prime brokers get paid by the market and guarantee volume weighted for their clients. Basically this means that if you predict VWAP and competitively execute on it, you win.
 
KGTrader4 said:
What’s your best overbought oversold indicator? Someone mentioned that RSI is not a good indicator for this I’m not sure why I read that it is. not sure why that either. So what’s your best overbought oversold indicator?
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Have a strong preference for using stochastics-based indicators that track short-term highs and lows in price. They can help identify entry points for going long in uptrends and selling short in downtrends.


chart w storsi sto ehlerssto2d pptx.png
 
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KGTrader4 said:
What’s your best overbought oversold indicator? Someone mentioned that RSI is not a good indicator for this I’m not sure why I read that it is. not sure why that either. So what’s your best overbought oversold indicator?
More...

There is no good OB/OS indicator. And it's not the indicators' fault. It's just that the predictive capability of OB OS indicators by itself is very low and they only indicate whether the PA is OB or OS in terms of the past PA and in no way does it mean indicate anything in the future, thus limiting the usefulness of those indicators in general. And they are only marginally useful when the price is in a trading range. Once they break out of the trading range and start to trend, OB/OS indicators will give you nothing but pain and losses.
 
I’m not expecting an indicator to tell me what to do. I’m looking for what to,use that might Haley me with probabilities, when taking into account other factors, like trend, MA’s, volume up and down, etc.

remember I’m a noob.
Talk to me like the dummy that I am
 
KGTrader4 said:
I’m not expecting an indicator to tell me what to do. I’m looking for what to,use that might Haley me with probabilities, when taking into account other factors, like trend, MA’s, volume up and down, etc.

remember I’m a noob.
Talk to me like the dummy that I am
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OK then, with your permission I will talk to you like the dummy you are! But its for your own good. Yours only.

Get the %$^%$ out of the zone of LOSERS for cryin out loud. These are all losers every single one of them, you will at best emulate them and that's as far as you will go.

If you are going to listen to anyone in this thread, your best choice is Ken. Drop your stupid sh*t and follow Ken. You will come out miles ahead of these deadbeats.

Good luck
 
If you could find a trading product that traded in a channel PERMANENTLY and never moved out of that channel an indicator like the RSI would work. But I dont personally know of such a product. All it takes is one great (or horrible) piece of news about a stock/company and the RSI blows out and becomes useless, and has to "reset" itself.So dumb.
 
tomkat22 said:
If you could find a trading product that traded in a channel PERMANENTLY and never moved out of that channel an indicator like the RSI would work. But I dont personally know of such a product. All it takes is one great (or horrible) piece of news about a stock/company and the RSI blows out and becomes useless, and has to "reset" itself.So dumb.
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Good point
 
OP missed the most important piece of info ............

All posters in this thread died on Friday last week. they were all LONG their beloved bull market! :D
Get a list of their Indicators and drop kick all out the window. :)

Some nerve! Dead men posting Indicators :D:D

Ken is the only one who did not get cott on the wrong side of the market.

Friday, august 19, 2022 is a day that will go down in infamy and polygamy in ET History. More deaths than in the Civil War.

Ghosts using Indicators! Who ever heard of such sh*t! :):D
 
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