Move the Markets

• Trading

  Posted on October 2nd, 2008

  Written by Richard

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  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.

  This entry was posted on Thursday, October 2nd, 2008 at 1:29 pm and is filed under Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

• 4 Comments

  Take a look at some of the responses we've had to this article.

• 1. 

     Rich F

     Oct 2nd
     Reply

     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
  2. 

     Zoomie

     Oct 3rd
     Reply

     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!!
  3. 

     Shane Adams

     Mar 18th
     Reply

     Hi Rich

     This is exactly what I am looking for, When can I get my mittens on it hehe?

     Thanks

     Shane.
  4. 

     Richard

     Mar 18th
     Reply

     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.

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