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One indicator to rule them all


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One indicator to rule them all

  #11 (permalink)
 
vvhg's Avatar
 vvhg 
Northern Germany
 
Experience: Intermediate
Platform: NT
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I wouldn't have a hard time choosing, as I don't use many indicators (there was a time when I did, though). For me it would also be the 20EMA, I really value it as a great yardstick to set me into perspective.

vvhg



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  #12 (permalink)
 Delta_Panther 
Switzerland
 
Posts: 112 since Aug 2009

As I am more in options the choice is Option Volatility.

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  #13 (permalink)
 SARdynamite 
Belgium
 
Experience: Advanced
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I like SMA1 the best. Pure, raw, lag free info. So good you can actually forget about the historical and live price feed and trade it on its own

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  #14 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
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Cumulative Delta (CD).

CD is useful as it tells you something about the consumption of liquidity which is a pre-requisite for any price move.

It is not useful in all markets because people don't operate the same in all markets (in terms of limit vs market orders).

CD is based on data that you cannot see in the time/price/volume series and is therefore an additional dimension of data you are looking at as opposed to price based indicators which basically regurgitate the data you are already looking at.

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  #15 (permalink)
 dnof 
san francisco, ca
 
Experience: Intermediate
Platform: NinjaTrader
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Depends on timeframe, but for my daily trading it would be either:

1. VWAP, or
2. Support Resistance Confluence Areas: (Hat-tip to MTG (Scott Andrews) - Where Pivots and various key price levels (Prior day OHLC, Weekly Pivots, 5-10 day HL etc) - essentially key areas where multiple key numbers align - a measure of price action

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  #16 (permalink)
 
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 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
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I was tempted to mention, to me it is volume profile with 2 standard deviations (daily, weekly) but after some thoughts and looking how i try to simplify everything, i would probably select the initial balance indicator as proposed by Fat Tails. When price is above the 1 minute range, my bias is to the long side, when price is below the 1 minute range my bias is to the short side. My targets are the top or bottom of the initial balance or a multiple of it or one of the Globex peaks (High/Low). This indicator alone offers a simple frame of reference. It works very well on the ES.

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  #17 (permalink)
 
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 cory 
virginia
 
Experience: Intermediate
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Fib expansion (F9) to figure out turn around points (retrace or reverse).

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  #18 (permalink)
 
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 lolu 
Lagos, Nigeria
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Experience: Intermediate
Platform: NinjaTrader, SierraChart
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Big Mike View Post
What about the 'why' part...

Mike

This new look at BB

1. lets me see the formation of S/R points and levels real-time and based on SMA (so, I don't need any other S/R indicator or even a Pivot indicator)

2. gives me a high level of predicting the contraction and expansion of the spread via the in-built Standard Deviation

3. gives me Exit signals

4. confirms Entry signals

It is curious to note that the BB is in-built with the MA (various choices of MAs) and Standard Deviation indicators.

Lolu

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  #19 (permalink)
 
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 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
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Bollinger_ its all I use it shows me up or down with its sma and I can see rev coming with the movement of the bands

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  #20 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
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lolu View Post
This new look at BB

1. lets me see the formation of S/R points and levels real-time and based on SMA (so, I don't need any other S/R indicator or even a Pivot indicator)

2. gives me a high level of predicting the contraction and expansion of the spread via the in-built Standard Deviation

3. gives me Exit signals

4. confirms Entry signals

It is curious to note that the BB is in-built with the MA (various choices of MAs) and Standard Deviation indicators.

Lolu

After I posted my reply I saw urs, Looks Like we think alike

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Last Updated on December 6, 2013


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