well, i dont believe much on indicators...i used emas in the past and still look at 'em but only durin' particular pattern formations after report in order to locate profits tgt; aside that i dont even pay attention to volumes lately.... still, i have doubts this one really works but don't look that bad and am just curious about it.
"Looks like he has been playing on the Ensign demo. Some folks just get so carried away with indicators you cant even see the price bars, its like they are trying to paint a picture, all the pretty colors." you're right about demo.it was the first step. I am now realtime but still papertrading. I do like colors,and I am looking at the relation betweenMAs. Color is just a question of choice. If you want black and white only, up to you!
first few minutes of Friday aug 18th charts: left...55T longer term middle...100 Range longer term right....55T close up Short term If you can clearly see all the MA on the right chart, you know you have a solid trending market and an oppotunity to trade.
I am using a lot of moving averages, more than the eye can see! I am basically using the same setup with a few mods: The graph on top left corner is candlestick chart @ 55ticks. It is a longer term view but for daytrding purpose only. Blue candles >down Yellow Candles> up All indicators are ploted on the price chart. I am using the following EMA periods based on close: 3-5-8-10-12-15-30-35-40-45-50 all black thin lines 60 is white thick line The upper zone changes color when EMA50 is above EMA 60>>> yellow>>bullish The lower zone changes color when EMA50 is below EMA 60>>> red>>bearish 100 is a thicker line switching from green to blue. When EMA100 is rising...green>>bullish When EMA100 is falling...blue>>bearish -------------------------------------------------------------- The graph on bottom left corner is candlestick chart @ 55ticks. It is a shorter term view of the exact same chart above. A close-up. Blue candles >down Yellow Candles> up I am using the following EMA periods based on close: 3-5-8-10-12-15-30-35-40-45-50 all black thin lines 60 is white thick line The background changes color when EMA50 is above EMA 60>>> yellow>>bullish The background changes color when EMA50 is below EMA 60>>> red>>bearish 100 is a thicker line switching from green to blue. When EMA100 is rising...green>>bullish When EMA100 is falling...blue>>bearish At the bottom of this price chart I am using OBV. I found that OBV was reacting too fast so I added SMA10 to calm down the overreacting OBV. Bullish: When SMA10OBV is rising, line yellow and upper zone yellow. Bearish: When SMA10OBV is falling, line black and lower zone red. At the very bottom, I am using Ergodic Oscillator based on close. Average1 = 5 Average2 = 10 Once again this oscillator is too reactive so I added a short period MA4. Rising >> yellow line Falling>> blue line I added an alarm when this oscillator is above 45: looking to take profit on a long position or exiting part of position below -45: looking to take profit on a short position. or exiting part of position --------------------------------------------------- now the last graph on the right-hand side is candlestick chart using 5 ticks RANGE. Good balance between reaction and it avoid most false signals. On the price chart is plotted a regression channel parameters: 2% of last 10 bars. When rising, line is green and upper zone is yellow. When falling, line is black and lower zone is red. Now if you look, you'll see 3 indicators: top:Ergodic middle:OBV bottom: Hull average. About indicator on top: Ergodic indicator: Once again, I am using a moving average to calm down things MA1=10 MA2=5. MA of calculation is 4. When indicatior falling: blue when indicator risinig: yellow When indicator moves at or above 45 a wide fuzzy red line appear over indicator line. Warning! you should be looking to take profit on a long position or exiting part of position. When indicator moves at or below -45 a wide fuzzy yellow line appears over indicator line. Warning! you should be looking to take profit on a short position. or exiting part of position About the indicator in middle: At the bottom of this price chart I am using SMA10of OBV. Bullish: When SMA10OBV is rising, line yellow and upper zone yellow. Bearish: When SMA10OBV is falling, line black and lower zone red Finally, the indicator at the bottom is Hull MA. Does not react as fast as the rest but keep you in a trade if you wish to follow the signal.
I am using a lot of moving averages, more than the eye can see! I am basically using the same setup with a few mods: The graph on top left corner is candlestick chart @ 55ticks. It is a longer term view but for daytrding purpose only. Blue candles >down Yellow Candles> up All indicators are ploted on the price chart. I am using the following EMA periods based on close: 3-5-8-10-12-15-30-35-40-45-50 all black thin lines 60 is white thick line The upper zone changes color when EMA50 is above EMA 60>>> yellow>>bullish The lower zone changes color when EMA50 is below EMA 60>>> red>>bearish 100 is a thicker line switching from green to blue. When EMA100 is rising...green>>bullish When EMA100 is falling...blue>>bearish -------------------------------------------------------------- The graph on bottom left corner is candlestick chart @ 55ticks. It is a shorter term view of the exact same chart above. A close-up. Blue candles >down Yellow Candles> up I am using the following EMA periods based on close: 3-5-8-10-12-15-30-35-40-45-50 all black thin lines 60 is white thick line The background changes color when EMA50 is above EMA 60>>> yellow>>bullish The background changes color when EMA50 is below EMA 60>>> red>>bearish 100 is a thicker line switching from green to blue. When EMA100 is rising...green>>bullish When EMA100 is falling...blue>>bearish At the bottom of this price chart I am using OBV. I found that OBV was reacting too fast so I added SMA10 to calm down the overreacting OBV. Bullish: When SMA10OBV is rising, line yellow and upper zone yellow. Bearish: When SMA10OBV is falling, line black and lower zone red. At the very bottom, I am using Ergodic Oscillator based on close. Average1 = 5 Average2 = 10 Once again this oscillator is too reactive so I added a short period MA4. Rising >> yellow line Falling>> blue line I added an alarm when this oscillator is above 45: looking to take profit on a long position or exiting part of position below -45: looking to take profit on a short position. or exiting part of position --------------------------------------------------- now the last graph on the right-hand side is candlestick chart using 5 ticks RANGE. Good balance between reaction and it avoid most false signals. On the price chart is plotted a regression channel parameters: 2% of last 10 bars. When rising, line is green and upper zone is yellow. When falling, line is black and lower zone is red. Now if you look, you'll see 3 indicators: top:Ergodic middle:OBV bottom: Hull average. About indicator on top: Ergodic indicator: Once again, I am using a moving average to calm down things MA1=10 MA2=5. MA of calculation is 4. When indicatior falling: blue when indicator risinig: yellow When indicator moves at or above 45 a wide fuzzy red line appear over indicator line. Warning! you should be looking to take profit on a long position or exiting part of position. When indicator moves at or below -45 a wide fuzzy yellow line appears over indicator line. Warning! you should be looking to take profit on a short position. or exiting part of position About the indicator in middle: At the bottom of this price chart I am using SMA10of OBV. Bullish: When SMA10OBV is rising, line yellow and upper zone yellow. Bearish: When SMA10OBV is falling, line black and lower zone red Finally, the indicator at the bottom is Hull MA. Does not react as fast as the rest but keep you in a trade if you wish to follow the signal. *************************************** Now what do you do with all this? The 2 graphs on the left are telling you if you: should be looking to go LONG....YELLOW or should be looking to go short....RED. Usually OBV will go in same direction as signal: if not: WARNING! ---------------------------------------------------------------- Once you determine whether go LONG or SHORT, wait for the right-hand chart + indicator to be all the same color and take the trade! Warning: if ERGODIC gets close to 45 or -45, at least exit part of position. Warning: if ERGODIC diverges from price action, be ready for a wild ride going the same way ERGODIC goes. Stop-loss placement, number of contracts, profit targets are yours to decide. If you ever try this setup let me know how things are going for you. Doji
I needed to "standardize" the colors to avoid confusion as much as possible. background yellow is UP! background red is DOWN! yellow line is UP black line is DOWN. There is one exception the ERGODIC indic. yellow is up blue is down. It stands out and I like to find it fast when needed. screenshot:
In a trending mkt 3,8,34 SMAs are working nicely for me...with obvious utilization of S/R and trendlines to complement. 1 and 5 min charts. Intraday VIX action can be illuminating also.