My stairsteps in the ES are going down which means I'm making money. I think you've "stumbled" on to a new indicator. We'll call it the "ES Stairstep Indicator/Oscillator/?????"
some guy had a new indicator and posted tonight...I have a question...how many ways can you twist OHLC, V I find arbing several instruments more interesting...when one instrument leads the other there is no finer trading... One day....well oh never mind... ES
If I were trading intra-night with RC I would be getting ready for a short... too funny its quiet tonight...we are all stuck in this short...toooo funny..
I better post a screenshot so when this short becomes the big loser...all can see I put up...well i have not shut up since the beginning of this thread...but here it is:
would you care to elaborate on the pretty colored line at the bottom of the chart or are they part of the magic formula you use to lose?
Boib, They are unique to Open E-Cry...I can give you the settings if you have OEC... there are two indicators....in each pane. The 40P RSI (transparent) with an 20P envelope (visable) merged into that pane....I draw two horizontal lines to filter chop at 47 and 53....(I lock the scale to be wider with min and max manual numbers rather than automatic and size the pane bigger.) Automatic scaling is off as the shrinking and widening screw me up...I like to see the peaks and valleys uniformly. The Trix with an envelope both lines visable the Open 50P and the envelope is 150P with a percent of 0.1. (the scale is on auto) Uniformity is not necessary here as the crossing of the lines is the only trigger point...well...you can look at peaks and valleys if your advanced and can compare that to the previous cycles and find a trade perhaps... I like the 15M charts lately spread across two 19" lcd's on verticle rotate...... I put a gradient dark slate blue and black for the background just this PM, for a change... A magician never reveals his tricks but this is everything... The EOD is something else..that is the houdini of my tricks and I am not prepared to reveal that as I would need permision as it is not mine. I have been fortunate to make a lot of trading friends that are far better traders than I...and they just give and give...So that is what I want to do for anybody that thinks my stuff is worth anything...I share too...if I have liberty to do so and if it is mine to give. You can trade intraday with these wiggly lines without the EOD, but I use the EOD extensivley for directional bias and target settings...even in the intraday trading...but I am sure you can combine some trend filters and use this if you wish. Thank you for reading and your consideration. I am sure in time some of you will see some more success and then you too will want to be losers and use some of this stuff in your arsenal... When you read ET...especially my stuff...do not look to be spoonfed...look to learn how to trade and think on your own...Just take one thing from this thread and combine it with your stuff... Hope this helps... ES P.S. do not get discouraged readers...the YM is the most difficult Futures Indicie to trade in my opinion, because the DOW is very public and used as a benchmark politically and in financial cirlces all over the world. .