Hello everyone. Has anyone tried this indicator? http://www.tradingalchemy.com/ViewChartsTrender.htm#trendstrategy any comments?
Looks like PSAR but it's holding value for a while, Tried that first as it's free ?? Step 0.008 and Max 0.08 my prefered settings.
Basic Momo indicator, PSAR works in a direction is up or down currently ( subject to change obvs ) but if your looking to join and add some logic to join then it kinda works, never that simple mind. * PSAR doesn't call the bottom till it breaks out, so doesn't work as well as it looks, warning.
%% Looks like PSAR; except they name it trend catcher. And I used Keltner channels, not sure why that name is even on the charts. PSAR so seldom works I don't miss it when I leave it off LOL. But if silver ever gets around $50 or $65, I may or may not use it again .................................................
I switch it on and off, it's an extra Visual Trend sign to trade along with, but ofcourse it gets it wrong a lot, it's only a basic bit of math. To Slay my Counter Trend Gamble Demon!!
%% LOL ;counter trend is not really a gamble or demon. But I've seen systems with it/used it some + it makes so little compared to trends; have to keep that in mind.
Excellent indicator. I made $10,000 last month using it. I recommend that you spend $499.95 and buy it asap!
MKTrader, thanks! i saw a lot of positive comments on tradestation forum and ninjatrader... Do you think the only lead indicator ir the Hull moving average?