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Boomerang indicator system at indicatorwarehouse.com

  #43 (permalink)

Cambridge, Ontario
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,201 received

.. knock .. knock .. Please help.

I went through the thread 2 more times tonight. Not sure about the most updated chart setting. Enclosed ES chart has the following:

1. 4-Range - Should it be a minute chart? If yes, what interval setting please?

2. EMA 5 (black line) and SMA 14 (blue dot line) on Panel 1 - EMA 7 and SMA 15 were recommended on an earlier post while EMA 5 and SMA 14 are more recent.

3. Force Index on Panel 2 - I used Version 2 and have turned HMA 7 to transparent. Notice I do not have the zero line?!! Not sure what I did wrong. Please help!

4. JeffsADX (5,15) was mentioned and I've included it on Panel 3. Not sure if it should be a histogram or line format. Please help!

My guess on entry:

1) Long if blue signal bar closes above both black and blue dot lines on Panel 1 + blue Force Index line is above 0

2) Short if red signal bar closes below both black and blue dot lines on Panel 1 + red Force Index line is below 0

To me, the signal will be a high probability one if the JeffsADX indicator aligns with the trade direction.

Thanks for the webinar information. I've found out their suggested PT/SL.

Appreciate any guidance on the above. Thank you.

Beth

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