Ok folks, a plea. Pls help. Thanks.
I've been looking very hard for some indicators/system that can help me predict change in trend/continuation in trend and the trend's strength for both intraday and daily. I've pretty much look at the standard indicators (eg: ADX, RSI, Williams %, BB etc) and some of the esoteric ones (eg: ichimoku etc) but to no avail. I've even tried coming out with ideas/concepts but have drawn a blank. Hence, the plea.
Most likely the 'indicator/system' will be based on algorithm and support/resistance, highs/lows etc. (I'm currently not looking for indicators that show divergence as it is too subjective for me at the moment although I may look at it in the future). I will also need to understand the 'concept' and logic (am willing to research on this), thus this rules out any advisory selling their services.
My request here is that for those of you who use indicators or are system traders, can you give a hint (either in this thread or pm me) what I should be looking for. It can be in the form of ideas (such as indicator calculated based on swing high/low) or some indicators that I should look for. I realise that ultimately the indicator/system that I use will be custom made and complex to take into account the different scenarios and to detect quickly the change in trend.
I'm open to whatever suggestions (whether it is used in forex, futures, stocks or commodities).
PS :
For those of you who are going to suggest looking at price and/or volume only-- I do use it and it is currently my primary strategy. However, I do believe that I need to find something that is 'indicator/system' based which would help me grow in my trading career.
For those who just want to flame, please refrain from doing so. Moderators, pls feel free to delete these posts.
C'mon folks. Lend a helping hand here. Thanks
I've been looking very hard for some indicators/system that can help me predict change in trend/continuation in trend and the trend's strength for both intraday and daily. I've pretty much look at the standard indicators (eg: ADX, RSI, Williams %, BB etc) and some of the esoteric ones (eg: ichimoku etc) but to no avail. I've even tried coming out with ideas/concepts but have drawn a blank. Hence, the plea.
Most likely the 'indicator/system' will be based on algorithm and support/resistance, highs/lows etc. (I'm currently not looking for indicators that show divergence as it is too subjective for me at the moment although I may look at it in the future). I will also need to understand the 'concept' and logic (am willing to research on this), thus this rules out any advisory selling their services.
My request here is that for those of you who use indicators or are system traders, can you give a hint (either in this thread or pm me) what I should be looking for. It can be in the form of ideas (such as indicator calculated based on swing high/low) or some indicators that I should look for. I realise that ultimately the indicator/system that I use will be custom made and complex to take into account the different scenarios and to detect quickly the change in trend.
I'm open to whatever suggestions (whether it is used in forex, futures, stocks or commodities).
PS :
For those of you who are going to suggest looking at price and/or volume only-- I do use it and it is currently my primary strategy. However, I do believe that I need to find something that is 'indicator/system' based which would help me grow in my trading career.
For those who just want to flame, please refrain from doing so. Moderators, pls feel free to delete these posts.
C'mon folks. Lend a helping hand here. Thanks