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!!
March 18th, 2009 at 4:57 am
Hi Rich
This is exactly what I am looking for, When can I get my mittens on it hehe?
Thanks
Shane.
March 18th, 2009 at 2:33 pm
The Everypush indicator is an offshoot of this idea, and is available to eotpro people today.
This exact indicator has never been released… I’m still looking for safe uses of it that I’m happy with. I posted an example screenshot today that you might want to check out.