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Help with YTR TVI indicator

  #10 (permalink)

Trading Experience: Advanced
Platform: Ninja
Broker/Data: Optimus Futures- Rithmic
Favorite Futures: CL, 6E
Posts: 236 since Nov 2009
Thanks: 11 given, 1,269 received

trader59 View Post
THe originator of the TVI was Bill Blau. Blue Wave Trading was the 1st to code it for Ninja Trader Both YTR and BB Brad B. worked with BWT in the past and basically copied the BWT version...


I was a moderator for both YTR and BWT. I was also a beta tester for BWT before the mod gigs, and before Brad worked for him. I helped decide the real effectiveness of the indicators under development by trading my money with them, something neither BWT (still don't think he does) or YTR actually did not do until much later. They paid me a nice sum. Brad from BBtrades was also one of my members before venturing on his own.
To date I have found no edge in using the TVI. It could be just a me thing; I really do not want redundant information on my charts. I have found much more value is the speed of the developing bar and a tool called tape momentum (by Brad) to help with climaxes at high volume, fast bars. I use the TapeMomo for the climax event on the opposite close range bar after a single directional run of say 5 or more bars. All this is much more effective at key s&r zones. Also, my favorite CT scalp is the 3BR explained in another posting in this forum, and this uses the tape momo more directly.

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