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NexGen indicators and review (

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Market Wizard
Berlin, Europe
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
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Posts: 9,798 since Mar 2010
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drmartell View Post
Yes the group that I referred to is defunct.

There are some traders with whom I stay in touch. Personally I have 'evolved'? to the point that I think it is crazy to day trade without volume and order flow information. How some people can make money with the Nexgen software is beyond me and I am ok if it stays that way.

I don't mean this critically, it just isn't the answer for me personally.

You hit that nail right on its head. I use some elements for my trading, which are comparable to the NEXGEN approach

- A MACD type oscillator (cmp. MACDBBLines)
- Keltner Channels (idem)
- trendfilters (cmp. large and small trigger lines)
- fibonacci confluence zones

So the method is somehow similar, but I do use two elements that I have rarely found on their charts

- volume analysis (climax bars, churn bars, low volume bars)
- spread analysis ( narrow range and inside bars)
- floor pivots and support and resistance created by expansion bars

It is just a question, which elements you select and how you put them together.

Last edited by Fat Tails; October 30th, 2010 at 07:08 AM.
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