Gumphrie recently posted a Zero Lag Double Stochastic on the Ninjatrader forums. I optimized the code and modified it to use an external call to my super fast Double Stochastics Optimized instead of the inefficient "stock" version.
You will note that this Zero Lag Double Stochastic is much more responsive than the normal Double Stochastic, and that because of the code optimization, it loads and refreshes practically instantaneously.
close prices only - showing real time Support and Resistance through turning of the tape. Yellow dots for caution. Follow breaks of white consolidation zones preferably in direction of main wave. Also can use break of top or bottom of VMA band.
Here is an indicator that I had my programmer whip up for me as I was looking at adding time and volatility for use with Range and Renko bars.
Average Bars per minute - if the average time per minute then smoothed by a moving average is over x period of time - don't trade.
Period and Signal are from the ADX component of the DM, the reason I had my programmer use DM instead of just the ADX is to experiment with the +DI and -DI. But the + and -DI and not functional in this version but instead time per bar is used. As always my indicators have JAM in front so I can keep them in one place. Feel free to rename for your own organization process.
(Vendor License taken out sorry)
JAM
January 11th, 2012
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JamTheTrader
A friend of mine summarized some thoughts from the Head FX trader of a very large Chinese pension fund (I mean large).
By his own admission he was not a good daytrader, so don't take his comments about daytrading too seriously. On the other hand he was very good in the weekly and monthly time frames. There are several good nuggets, enjoy.
January 22nd, 2012 12:16 AM dsanchez I am new to trading and listening to this is like being an intern doing a round with a Doctor well rehearsed in patient