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Boomerang indicator system at

  #94 (permalink)

Orlando, Florida, USA
Trading Experience: Advanced
Platform: NinjaTrader, Thinkorswim
Broker/Data: Optimus/Rithmic
Favorite Futures: ES
swish008's Avatar
Posts: 7 since Oct 2010
Thanks: 4 given, 3 received

Boomerang with ATR Trailing Dots

I haven't looked at using the High5 as a filter. I use a 3.1 for my ATR Trailing Dots. Most people use the trailing dots to trail their order, I use the trailing dots as a breakout signal. When the price breaks the dots and closes outside the dots, it confirms for me the trend. All it does is filter some of the chop. I need to add in the TBS indicator as well to filter some of the trades as well as taking a look at the High5 filter.

Jason11 View Post

Do you use the High5 market internals as a filter for your trades? I've been trying to incorporate that into my decision making to take signals but have found the internals are lagging. What has been your experience?
Also what ATR settings are you using?
Wouldn't the ATR trail only be useful when already in a trade?

Last edited by swish008; October 28th, 2010 at 10:00 AM. Reason: Fix the title
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