Popular Technical Indicators for Day Trading
- Thread starter ppy93
- Start date
Two things mentioned already (Tick and ROC) but with a twist.
1st chart is Cumulative Tick (blue/red line) with momentum of same (black histogram):
2nd chart is Tom Demark's TD ROC which divides current price from price 12 bars back, then is multiplied by 100 and plotted between OS/OB levels. Signals are after crossing back over/under levels but only if ROC stayed below/above said levels for 5 or less bars. 6 or greater momo is strong and to be ignored until either another crossing of mild momo of 5 or less or a counter signal.
1st chart is Cumulative Tick (blue/red line) with momentum of same (black histogram):
2nd chart is Tom Demark's TD ROC which divides current price from price 12 bars back, then is multiplied by 100 and plotted between OS/OB levels. Signals are after crossing back over/under levels but only if ROC stayed below/above said levels for 5 or less bars. 6 or greater momo is strong and to be ignored until either another crossing of mild momo of 5 or less or a counter signal.
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You can care on Volume. When it increases over a certain threshold to its price move, that can be an indication too. You need to backtest it. But I am sure there is some value on volume itself.
Log your squiggly line values bar-by-bar. Your answers are there.
Hm, that seems counter intuitive to me. Are you saying that Ford vs GM is less stable pair than NIO vs Lucid? Basically, my question is: if you trade NIO vs Lucid pair, can it really be considered market neutral strategy?
Did not check in particular but overall on total market. There is a clear tendency, that higher liquid instruments have less stable cointegration relationships. That was said and I checked this. But when I look in your special stock symbols as examples, then I get the same result here. Yes NIO and LCID is much better to pair trade than F, GM. You can see the cointegration values on graph below. F & GM pair is not cointegrated versus NIO & LCID are (super-)cointegrated. Enjoy.
I can’t say that I figured this one out, but applying your favorite indicator on something like VIX. The idea is that until Short term volatility finds a ceiling, selling ain’t over. Maybe intraday put/call ratio would be good to track, but needs lots of data. I wander if there’s a feed that publishes such stats for individual stocks.
There is a legendary stocks trader in Japan (Takashi Kotegawa). He is watching market index, and other asset classes like Gold, Oil, and T-Notes, with sector indices in addition to his chosen stocks as overlay. I have in mind, that it is said, that overall market makes about 40% for the daily move, and then 30% the underlying sector, the rest of 30% is the stock in particular. There you can watch similar stocks in the same subindustry and examine them for any relationships (based on Bollinger or something like that).
https://www.indiatimes.com/worth/ne...-dollars-into-153-million-dollars-557593.html
https://www.worldtopinvestors.com/takashi-kotegawa-investor-profile/
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"Price action" is a pointless slogan.