I will give your analysis some thought. I like what you are doing. But I don't call people fools. I don't have time for name calling....
You start by using a MACD Histogram and lines, 7,10,5 for starters. Just look for divergences.
The part of the trend line that is not extended into the future "lags" price. A good use of lag is the part of trend line that is not extended...
The real reason why most people are against indicators is because they can't make money with them. Those folks should stick with pure Price...
Since I do trade Turns/Reversals, the volume study on the candles may be helpful.
Just talked to Yoohoo. He stated that the volume needs to be added the candles. Im sure Sierra charts can have that done. Btw, how can I make...
Ok, I might check with support when I get a chance.
A satisfactory conclusion is not supposed to get reached :) That's the beauty of the market. Everyone has their own concept :) I don't trade...
Can that chart be done on Sierra Charts ?
Thin Stocks with a low float can move on very little volume. That could be one good example of an exception.
That's all that counts. Good trading :) Keep up the good work :) Looking forward to seeing the ES charts in your thread. Goinglite
Oh, oh, I think I just committed blasphemy :) But if im wrong, I stand corrected :) I don't trade momentum anyway :) Goinglite
Of course price is in the equation, but if price is rising, the first thing that "falls" is momentum.
I agree. I know many very fine price action traders. All they trade is price. Then I know some very fine traders that use indicator. Trading...
I think that's just something based on physics. But correct me if im wrong.
Yoohoo was not referring to you. I've been looking at your thread. It's absolutely excellent. Nice work :) Goinglite
One advantage of indicators over price is that a lot of indicators measure "momentum". MOMENTUM always comes before PRICE. A trendline...
I might as well post a chart also :) It's been a while :) All the good stuff has been removed. Indicators are not canned, so don't ask....
Very nice indeed :) Clear to me, at least :) Nice color zones, I assume that the zones are a part of your private methodology. That's ok....
Comparing his charts, it seems that there's 3 colors: blue,red, yellow. Red = Bearish, Blue = Bullish, Yellow = Significant Momentum Change....
Separate names with a comma.