Bro you trade futures and you don't use the overnight structure? ES during RTH bounced clear off of the low of a massive overnight bullish structure. My preferred way to rape is RTY.
I just got back this evening from 4 day-er so I didn't trade at all today but ..... ES massive overnight bullish structure? Looks like gap up last night then sidddddddddddddddddeways 10, 12, 14 hours to mid morning. No?
Bullish because it made no attempt to go down. Doesn't mean some sort of bull pattern like bull flag.
Good, please do. RTY, when it was TF years ago, raped me one summer evening. Get back at it for me! As for the overnight structure? Yep yep...That hi/lo line always attracts my eyes like a moth to flame. But like every other signal/chart read, it can go awry. If I were not stuck in the trades I am in from the Friday drumming, I would have gone long last night after the Goldman Sachs shit all over the Omicron panic idea.
Yeah overnight structure is quite handy for some instruments sometimes. Can't be relied upon, but can be useful if in a strong multi-day trend.
Here is one way. https://www.mesasoftware.com/papers/ZeroLag.pdf ZERO LAG (well, almost) By John Ehlers and Ric Way
None of above will work. No matter how many years you spend trying to squeeze out useful data from these indicators.