Registered: Mar 2012
Posts: 705

For me they definitely are. Internals tell you if the market is stable, likely to collapse, trending, or non trending...

Averages on the Nyse and Nasdaq Tick in combination with Advn-Decn Vol tell you all you need to know about the mood of the market most days.

I don't start trading until I get the 10AM read on internals usually.

Registered: Feb 2004
Posts: 1419

---

Quote from RangeTrader:

For me they definitely are. Internals tell you if the market is stable, likely to collapse, trending, or non trending...

Averages on the Nyse and Nasdaq Tick in combination with Advn-Decn Vol tell you all you need to know about the mood of the market most days.

I don't start trading until I get the 10AM read on internals usually.

---

I find that as a lagging indicator, internals cause more confusion than confirmation.

I have also found that the majority of profitable moves happen in the first hour of the cash market (9:30-10:30 EST).

Just my personal experience.

Registered: Apr 2011
Posts: 321

I never had any success using internals.

I've seen tons of stuff about them on webinars and subscription-based blogs and they make it look really good on hindsight charts, but I never found an edge in any of it.

Registered: May 2011
Posts: 400

There is not one indicator that's the holy grail.
See Gary Smith's book (how I trade for a living) about "indicatoritis."

Registered: Mar 2012
Posts: 705

Id hardly call my version of internals lagging. ;) UVOL-DVOL doesn't work correctly when the market is gapped at open.

Also... It's better to just use higher leverage for the more predictable and reliable trade setups after 10AM. I don't trade the last 30 minutes also.

---

Quote from keeptradin':

I find that as a lagging indicator, internals cause more confusion than confirmation.

I have also found that the majority of profitable moves happen in the first hour of the cash market (9:30-10:30 EST).

Just my personal experience.

---

tick-vs-price.png
This has been downloaded 127 time(s).

Registered: Mar 2012
Posts: 705

No, but it's the one indicator that forwarns you of a market collapse 95% of the time ahead of time. If internals are clocking deep negative an hour in just get the hell out of the way and wait for capitulation before you dare buy anything again.

If internals are holding high positive everyone is in a good mood and all dips will find support, period...

---

Quote from flipside21:

There is not one indicator that's the holy grail.
See Gary Smith's book (how I trade for a living) about "indicatoritis."

---

Advantage Futures

Futures Brokerage & Clearing

AMP Global Clearing

Futures and FX Trading

Bright Trading

Professional Equities Trading

CTS

Futures Trading Software

DaytradingBias.com

Professional Trading Analytics

ECHOtrade

Professional Trading Firm

eSignal

Trading Software Provider

FXCM

Forex Trading Services

Global Futures

Futures, Options & FX Trading

Interactive Brokers

Pro Gateway to World Markets

JC Trading Group

Direct Access Trading

MB Trading

Direct Access Trading

MultiCharts

Trading Software Provider

NinjaTrader

Trading Software Provider

OANDA

Currency Trading

optionshouse

Option Trading & Education

Rithmic

Futures Trade Execution Platform

SpeedTrader

Direct Access Trading

SpreadProfessor

Spread Trading Instruction

thinkorswim by TD Ameritrade

Direct Access Trading

TradersStudio

System Building & Backtesting

Trading Technologies

Trading Software Provider

Trend Following

Trading Systems Provider