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GW_TriDiff
Name: GW_TriDiff Version: 1.0
Platform: TOS (Use import function in TOS)
Description:
I use this indicator every day in my futures trading on 3min charts. It works on all time frames, and I often consult a higher timeframe to verify the more durable and lasting trend. You can scalp and take trend trades with it. I've used Woodie's CCI, but this indicator is sooooo much easier to read! It is totally unambiguous with extremely sensitive and clear cut signals that will keep you in a trend if you want. Simply stay long while the orange line stays above zero, and short while the orange line stays below zero. This one indicator is a complete trading system unto itself. It makes me $$$. You need to paper trade it a while to get used to it.
Here's the documentation from inside the indicator:
###################################
# Author = glennw forum: bigmiketrading.com
# Indicator Name: GW_TriDiff Version: 1.0
# Timeframe: Any
# This indicator is the plot of the difference
# between a triangular moving average and a
# weighted moving average. There is a fast and slow plot
# The slow plot denotes the longer term trend (cyan line)
# being above or below zero line.There is a cloud function to
# help visulize the longer term trend above and below the
# zeroline. (Red = downtrend, yellow = uptrend)
# You can use it to scalp by playing crossovers of the cyan
# line and the signal line (gray). The orange line being
# above/below zero is confirmation of the trade direction.
# You must wait for bar to close. Don't try to catch the
# exact top/bottom. Stop is low/high of signal bar or whatever you use.
# For higher probability trades only take setups in the
# direction of the longer term trend. I always exit when price breaks
# the low/high of the previous bar and crosses the 5 period offset moving
# average or crosses and closes above/below the 5 period ATR Stop with a
# 1.5 range multiplier.
###################################
Category
The Elite Circle
Details:
GW_TriDiff
Category:
The Elite Circle
March 13th, 2011
Size: 1.87 KB
862
glennw
Comments/ratings
supermht
March 13th, 2011 06:43 PM
It would be good to have NJ7 version!
Big Mike
March 15th, 2011 04:34 AM
Glenn thanks for sharing. I appreciate the sharing of non-NT stuff.
jabeztrading
March 15th, 2011 10:15 PM
Glenn, I like it. Good job. I'm trying to port it to NT.
vorol
March 19th, 2011 12:52 AM
thanks for sharing glenn, great stuff...
DarrenH
May 20th, 2011 10:41 AM
Would you have this indicator in easylanguage (TS or MC) thanks
Gabriyele
June 16th, 2011 05:22 AM
Phenomenal!!
I have been running it: Range (21, 13, 5) ThankYou!!
kaltrax
October 16th, 2011 07:21 AM
Fantastic, ThanksĦĦ
Don Laing
November 6th, 2011 04:31 AM
Please design an NT7 version Looks great on TOS
Cloudy
December 9th, 2011 09:16 AM
Great indicator and system. Ingenious, thanks!
candlesticksteve
January 9th, 2012 03:17 PM
Great Stuff! Started it on LBCs looks GREAT! Thanks so much!
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All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.