Scalping the ER2 with one indicator

Hi,

Today the indicator I'm using made another 8 pts in the ER.

I thought you'll find this interesting.

Check the chart 1 hr before the close.
Nothing easier than following what the market will do. The grey line is the prediction.
 

Attachments

And this was at the close.

Not all days are like this, but today was amazing.!

Take care.

Quote from dan05:

Hi,

Today the indicator I'm using made another 8 pts in the ER.

I thought you'll find this interesting.

Check the chart 1 hr before the close.
Nothing easier than following what the market will do. The grey line is the prediction.
More...
 

Attachments

Lorenzo,

I'd like to look into your suggestion using constant price range bars and adaptive MAs. Can you give some detail as to how to you set up the adaptive moving average in Sierra Charts to get the kind of chart your producing? I can't seem to get the MA line to overlay the price bars as your example shows if I choose the SIerra Chart adaptive moving average. Thanks.
 
Quote from 5Pillars:

Throw on a 5/20 Ergodic (True Strength Index)..........beats the MACD imo.
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5/20 seem do better job than MACD, so I compare it with demand index, they are compatible most of time but I found an instance that demand index did it better, hm...
 

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Personally, I like 5 tick range charts on the ER2 with a volatility stop. Since range charts have a static ATR, the volatility stop is very smooth. The VS is set to Bars=15 and Multiplier=2.
 

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Quote from nkhoi:

5/20 seem do better job than MACD, so I compare it with demand index, they are compatible most of time but I found an instance that demand index did it better, hm...
More...

May I ask which SMA-parameter you use for the 1 Min. - and which ones for longer time frames???

Thanks
Charly
 
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