Your favorite indicator

[Qwerty]

Quote from cashmoney69:

This is a weekly chart for NVEC. The CCI is giving reading of over 100 in the area I circled indicating that the stock is overbought, but the stock was trading sideways!..

Can someone tell me what this means?
_________________________________


I do not use use CCI, however, what is clear is that the market was in a trading range(diplomatic term for an intense battle for control of market direction between bulls & bears) during that time period. $12 was serving as support & $18 was resistance. The bulls broke above resistance on 7/31/06, which coincided with a new trend in market direction.

 

[JimmyJam]

Quote from SarahG:

What is this? Where do I get it? What does it do? Nothing is on google about it. Is it a filter, overbought oversold indicator? What is it for? Stocks, futures, bonds? Where do I read up about it?

Hey SG,

Here's a copy of Jimmy Jam's AMABW, it's the little cousin to Oleg's WPR indicator. He said I could post it, so long as nobody actually used it to make money with it.

 

[trader28]

Quote from JimmyJam:


He said I could post it, so long as nobody actually used it to make money with it.

Thats like your girlfriend pulling her pants down and saying dont touch

 

[JimmyJam]

Quote from trader28:

Thats like your girlfriend pulling her pants down and saying dont touch

hahahaha - ROTFLMAO.

BTW trader28, good work with your higer timeframe indicator work there. i wanted to post something simple though, so I figured a basic breakout indicator on a 5 minute time frame, with the entries being modified by a 40 simple moving average would do the trick.

but i like your indicator, it's simple. simple is cool.

best,

jj

 

[nkhoi]

Quote from JimmyJam:

Hey SG,

Here's a copy of Jimmy Jam's AMABW, it's the little cousin to Oleg's WPR indicator. He said I could post it, so long as nobody actually used it to make money with it.

actually it looked more like fast-2 indicator from kwikpop collection

 

[trader28]

Not a fan of Fast 2 but love Autostop and Tightstop and the expert advisor TSKP2 min

 

[dan05]

Hi Trader28,

Where can I read more about your higer timeframe indicator?

Take Care

Quote from trader28:

Thats like your girlfriend pulling her pants down and saying dont touch

 

[TheRumpledOne]

INDICATORS ARE FOR SUCKERS when it comes to trading.

RSI(2) is great for STOCK SELECTION - timing tops and bottoms.

But once the trade is on THROW AWAY YOUR INDICATORS and use horizontal lines.

 

[JimmyJam]

Quote from dan05:

Hi Trader28,

Where can I read more about your higer timeframe indicator?

Take Care

Here dan05.

I seriously don't think you should over complicate your system if it is working for you, but here is the thread.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=76297&perpage=6&pagenumber=1.

JJ

 

[dan05]

Hi Jimmy,

Thank.!

I know what you mean. It is working really good. Still, I think it could be better. As you may know, the system has problems with trend days and news days. I'm trying to work on those issues.

Quote from JimmyJam:

Here dan05.

I seriously don't think you should over complicate your system if it is working for you, but here is the thread.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=76297&perpage=6&pagenumber=1.

JJ