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Trade Point Technologies

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New Orleans, La (Mardi Gras City)
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
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Posts: 1,288 since Aug 2009
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cunparis View Post I asked Pat to share a chart of earlier in the day so I could see whether he had the same "false alert" peaks or if his algorithms were able to filter out the exact top/bottom. He never would post any other charts leading up to the top/bottom. If you look closely this chart of the top/bottom spans a very small timeframe. I found this same pattern occurs during the trading day and if one traded off that they'd have a very low win rate.

Someone else at Trader's Laboratory claimed to have come up with something similar to Pat's intensity, as far as I know, he didn't post that he was using it or that it was useful for him.

I created an indicator that would closely duplicate Pat's. It worked pretty much just like his and did what he said his did.
(He was not very helpful in the creation)
He would not post charts other than the hand picked examples but as cunparis said, other signals were produced.

I decided the indicator was not great for trading every signal and I have developed better replacements.
Here is an image I made of the original indicator in 2010.
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