============== T ed; Good one,50 day & 50 period moving average. Rule of 72 is helpful also ;work 6 days X 12 hours a day=72 hours a week, for 7.2 years..................................................... Wisdom is profitable to direct
Pattern Recognition Indicator This indicator does a lot more than a typical RSI, MACD, etc. It basically generates backtesting statistics for every pattern that forms.
On Balance Volume is a powerful tool. Particularly when looking for divergence. Brilliant stuff! Chart Lion
The indicators you mention are all based on price and I think that indicators based on actual order flow do a much better job of predicting price than price itself. I only know of 2 packages that offer indicators based on order flow. The cumulative delta from RT Investors and the package I use is Indicator Pack 1.2 from TradePointSoftware.
Indicator Pack 1.2 Indicator Pack 1.2 is a set of indicators, functions and workspaces that run in TradeStation 8.6 (build 2696) or later and require a subscription to the TradeStation Platform and the appropriate data streams. Indicator Pack 1.2 is offered on the basis of a yearly lease/subscription at a price of $1,400/yr. This software is not designed for beginning traders. Thanks
I have been experimenting by programming moving averages plus an oscillator like the rainbow one, in Metastock. Not perfect but has its points. Hope to transfer to NT7 soon tho
1. Price Indicators for Support & Resistance Levels = Lines on the Chart 2. Osszilators for cycles analysis = for Entry + Exit 3. different time frames = for clear timing Thats all. What specific indicators u use for that, dosnt matter. It all is based on price.
I didn't start making consistent money until I got rid of every damn indicator on my chart. My charts are as naked as it gets. Rolling dynamic S/R price action has made me a bundle of money. Indicators are for amateurs.