Is anyone using this? looks good, I have played around with it some on a 5 min chart and trading QQQ and SPY
Make a strategy out of it and see how good it really is. If you don't know how to do then past the indicator's script into deepseek and ask it to turn it into a strategy. Then see the backtest / performance. Compare it to a buy & hold strategy. Most underperform it anyway. That's what's cool with tradingview. You can quickly see that 99% of good looking indicators are actually useless By the way, I don't know about this specific indicator. Maybe with a filter it might work. Where & when to (not) use it.
it has no predictive value it only plots what has taken place in the past. during the current day it will keep recalculating through out the day which isn't a bad thing but you can't make concrete trading decisions with that. it looks pretty.
Good Morning Sekiyo, Why does it matter if a back test performance report underperform a SP 500 index buy and hold strategy? That is not how you judge a back test performance report against SP 500 buy and hold strategy. Who cares, you trying to get rich in a timely (0-5 years) manner or beat the SP 500 index buy and hold strategy? You suppose to be doing the SP 500 index buy and hold strategy anyway.
Why click click click to underperform the underlying on a risk adjusted basis ? Would you pay a clicker if he would underperform ? Nope ... You would just buy the underlying. Where is the added value ?!
Hello Sekiyo, hmmmmm, Never mind man. You are correct @Sekiyo, its all about beating the SP 500 index. You are 1000% correct. Carry on! I can not keep giving all my secrets away for what I work so hard for to be an ES Futures Master. My orders need to get filled.
Your posts are all over the place. Flip flopping from one strategy concept to another. You need to establish what you want first. Do you want alot of money and risks, or no money that's very safe. Or somewhere in between. And discover and dissect from there
It's not about what YOU want. It's about ... WHERE IS MONEY ?! We all want to be rich overnight but ... It's about optimizing for long term growth.