Check out this 1597 share-bar chart of the ES futures:
The bottom subgraph is my volume splitter (which I have released through eotpro if you want it). The subgraph above that is a new indicator I’m testing out.
I’ve marked the chart with arrows LONG whenever:
- The new indicator is above zero, and rising after having fallen.
- The large traders are above zero and rising.
… and of course SHORT is:
- The new indicator is below zero, and falling after having risen.
- The large traders are below zero and falling.
Pretty good results! Promising anyway. I haven’t named the new indicator and I’m still watching to see what kinds of things it’s useful for. But, for scalping a fast chart, it appears to rock.
October 2nd, 2008 at 5:49 pm
Hi Richard,
The scalp entry arrows look very promising on the chart you’ve shown. Looks like they are continuation entries with timing based on a fast cycle indicator (among other indicators I’m sure).
Should we be ignoring the blue and light blue lines for now?
Keep up the fine work!
Rich F
October 3rd, 2008 at 1:56 am
Richard, I really enjoyed my time in the EOT Pro trade room today as a guest. Took me a few minutes to figure it out though. I am slightly challenged. Nice indicator BTW!!