So, I've done a lot of setting up on my ToS platform I use strictly for charting.
I trade /ES only, I should say before we get too far into this.
On my chart, I use a main chart - 1 or 5 min depending on the days action, with a 5 EMA T3 line and Market Profile overlay with levels and POC, set to Heikin Ashi bars, and RSI lower study with T3 5/10 EMA trend cloud.
My second chart is /ES with a T3 5/34 EMA dual line, regular bars - 1 min.
My third is $ADVN-$DECN with a T3 5 EMA line, and a T3 5/34 EMA Trend Cloud - 1 min.
My forth - NYSE $TICK chart - 1 min...nothing special.
Here's my question - anyone ever trade the /ES strictly off the momentum of the $ADVN-$DECN chart, while just watching levels on the main /ES chart?
I ask, as I noticed with the T3 studies on the $ADVN-$DECN chart, you can get in much quicker, and see when it's turning much quicker, and seems to be a better trade method overall, but I could be new and dumb for asking....
Great charts - but I'm more so talking about a trade plan to trade specifically off the turns on the $ADVN-$DECN chart exclusively, only watching the applicable levels on your other charts for possible reversals.
I wondered if anyone had attempted this approach before....
Thanks for pointing that out. I too was using the NYSE data for ES trading but I agree the s&p specific data should be better. Going along with blb014, the breadth is also invaluable when using internals to trade the es imo. The s&p specific breadth symbol is $VOLSPD