Scalping the ER2 with one indicator

Lorenzo...good stuff. I promise not to post 33 times in one day to this thread. I get excited you know...

I will say that this is just as exciting as my first view of the zig-zag indicator when I did not understand what it was plotting while looking at it in hindsite lol...

Folks the longer those green and red lines last the more money for you...use the linear regression for your exits! trail the stop w/ 5 tick increments fro the ER.

Michael B.
 
I take it then this is not a standard Sierra Charts indicator but a custom built one?

Quote from topstep:

What parameters are you using for AMA. It appears Sierra Charts allows only the length to be varied. Do you know what the defaults are for fast and slow lengths in the AMA calculation?



It is not a classic AMA

I would say that it's similar to the Jurik MA

http://www.jurikres.com/
 
Lorenzo, why don't you add an envelope of this average and a stochastic to confirm it's a good zone trade. You'd have a pretty simple trading system.
 
Range charts are awesome but beware of the chop. A friend of mine tears up the market using them but I get killed. Like any other charting system, it takes time to learn all the nuances.

The one characteristic of range charts that I absolutely love is the ability to stay in a good trade and not get shaken out. As electric pointed out, just stay in while the bars remain the desired color.
 

Attachments

Quote from yoohoo:

Lorenzo, why don't you add an envelope of this average and a stochastic to confirm it's a good zone trade. You'd have a pretty simple trading system.
More...

I think the best addition to this "system" is a momentum indicator like the MACD

here's an example:
 

Attachments

Quote from yoohoo:

Lorenzo, why don't you add an envelope of this average and a stochastic to confirm it's a good zone trade. You'd have a pretty simple trading system.
More...

It is a simple trading system now. How is adding two additional items going to make it simpler?
 
Quote from Lorenzo:

You know dude (..maybe)...when there is a spike... all charting softwares are not able to fix the range...but normally the range is reliable

not so constructive these replies....

here's 10 ticks Price Range Bars chart
More...


You might find this interesting :-

http://forums.neoticker.com/showthread.php?t=984

A persuasive argument for range bars (though I am not sure I completely agree with all the points). I like constant volume though I am fond of 'regular' I fond constan range the hardest to get along with because they loose detail at turning and potential turning points.

Incidentaly as 5Pillars mentioned it looks like sierra is not displaying range bars correctly. However, If it works for you lets hope they dont fix it! If there is a gap constant range bars should be filled in between the two prints. I'm not sure that is the issue anyway you aren't going to be getting that many 5+ tick gaps intraday on ER are I think?


Cheers,
Nick.
 
Quote from BlowFish:

Incidentaly as 5Pillars mentioned it looks like sierra is not displaying range bars correctly.


Cheers,
Nick.
More...

Come on man....you trying to get me in trouble again for my simple observations??? :D :D :D
 
Quote from yoohoo:

Lorenzo, why don't you add an envelope of this average and a stochastic to confirm it's a good zone trade. You'd have a pretty simple trading system.
More...

I think he already has a pretty simple method with just price and that single line.

Nice work Lorenzo.

Kind regards,
MK
 
You must log in or register to reply here.
Back
Top