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One indicator to rule them all
Started:December 30th, 2011 (02:51 AM) by Big Mike Views / Replies:23,530 / 128
Last Reply:December 6th, 2013 (09:07 PM) Attachments:19

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One indicator to rule them all

Old February 21st, 2012, 10:18 AM   #61 (permalink)
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aligator View Post
Predictions using averages are average predictions.

.
I don't make predictions, don't believe in them. - Simply "playing the odds" that if a stock or etf is above it's moving average or trend-line etc. there's "a chance" it will stay there awhile longer, - if it doesn't, dump it.

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Old February 21st, 2012, 11:15 AM   #62 (permalink)
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Mountain Hiker View Post
I'm not a big fan of indicators, - most are showing recent history. The "real action" in on the price chart itself, - and moving averages or support/resistance/trend-lines are good places to start. - Having said that, I use weekly charts for entries, with a moving average cross-over along with mac-d as a back-up. (12-24-34 usually)



aligator View Post
Predictions using averages are average predictions.

Depends on how you use moving averages. I use MACD to predict the market, in the form of standard divergence. MACD is just simply a couple of moving averages, and the relation between them.

If an indicator has any value of the current bar in it's formula, it is incorporating the 'real action', not just showing history. When a price action trader looks at a double top, a trend line, a wedge, a historical S/R level, etc. etc., he is incorporating history in his analysis. If you look left when you analyze a chart, you are looking at history. Indicators are price action analysis translated into a formula, what it comes down to, is your interpretation of what it is telling you, just like your interpretation of the significance of 3 red bars followed by on green bar.


Last edited by monpere; February 21st, 2012 at 11:25 AM.
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Old February 21st, 2012, 03:45 PM   #63 (permalink)
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lolu View Post
TMFT,

Yeah, yeah ... see how I "purdiciously" tweaked and used it on this page here.

Lolu

Nice looking chart, but ... it made my head hurt ...


buzzsaw View Post
Very pretty. Share and describe how you use it.

@buzzsaw

See Post # 55 for attachment

I don't use MA crossovers for signals per se...

If all the different lengths are aligned and uniform (red for down green for up) look for pullbacks or compression/expansion.

If all the lines are compressed tightly on top of each other with little or no slope , wait for expansion

Exit at Target or Exit at next compression or Exit when Price crosses the longest EMA against your position, depending on what you feel more comfortable with.



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Old February 21st, 2012, 04:43 PM   #64 (permalink)
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Your representation of price...

@ThatManFromTexas,

Very glad to see you back and posting again. I love your implementation of the line on close bar type. How do you get the close dots and how do you get your line to change color based on whether it's an up close or down close? Thanks.

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Old February 21st, 2012, 06:29 PM   #65 (permalink)
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timefreedom View Post
@ThatManFromTexas,

Very glad to see you back and posting again. I love your implementation of the line on close bar type. How do you get the close dots and how do you get your line to change color based on whether it's an up close or down close? Thanks.

I don't know how he did it, but here's what I would do. whatever chart style you're using, make sure to put everything to transparent. and also it's for using range bars.

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Last edited by Silvester17; February 21st, 2012 at 08:20 PM. Reason: removed indicator, please see post # 68. better version
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Old February 21st, 2012, 06:51 PM   #66 (permalink)
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monpere View Post
...I use MACD to predict the market...

I am sure smart money look at the MACD too just to be sure they can see where dump money will enter the market to fade it

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Old February 21st, 2012, 07:17 PM   #67 (permalink)
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trendisyourfriend View Post
I am sure smart money look at the MACD too just to be sure they can see where dump money will enter the market to fade it

Yeah, all the guys looking for MACD crossovers, and zero line rejections, etc. on 5m, 15m and 60m charts. I don't even display those macd attributes on my charts.


Last edited by monpere; February 21st, 2012 at 08:08 PM.
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Old February 21st, 2012, 07:58 PM   #68 (permalink)
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timefreedom View Post
@ThatManFromTexas,

Very glad to see you back and posting again. I love your implementation of the line on close bar type. How do you get the close dots and how do you get your line to change color based on whether it's an up close or down close? Thanks.

@timefreedom

Here ya go

You can turn the dots and lines on/off.

It asks if you want to hide the price bars or not.

If you set the chart type to Line On Close, set the width to "1" in Data Series.

ThatManfromTexasCloseLineColor.cs

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Last edited by ThatManFromTexas; February 21st, 2012 at 08:05 PM.
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Old February 21st, 2012, 08:18 PM   #69 (permalink)
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monpere View Post
Yeah, all the guys looking for MACD crossovers, and zero line rejections, etc. on 5m, 15m and 60m charts. I don't even display those macd attributes on my charts.

I did a quick search and couldn't find any general thread about trading divergence. Existing threads seem to be focused on specific indicators or vendors or hidden divergence, etc. Since you trade divergence, I hope you will start a new thread just to focus on the broad topic of trading divergence, and you can share why you use MACD vs RSI or other indicators but more importantly I think the topic should be on identifying divergence that works vs a failed divergence.

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Old February 22nd, 2012, 06:49 AM   #70 (permalink)
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buzzsaw View Post
Please explain the unusul way you use the ATR. Annotated pictures are always helpful. You might find that what you think is unusual may not actually be. Let's find out!

It is a modified ATR [Custom Programming] based on percentage.

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