There are a lot of useful tools on futures.io (formerly BMT) and they are available to all of us for free, which is terrific. Many of them have helped me and I'm sure other members feel the same.
So, let's have a vote for the Best Indicator of the Year 2009. There are way too many to start a poll, so just type the one you think deserves the honor. We can tally the results in a few weeks or when the thread becomes inactive (after a bump or two).
My vote goes to the ADXVMA_Sharky_Paint_V2 for it's most revealing neutral plot which has kept me out of much trouble.
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I have found some great indicators on this site, but I would vote for the Sharky Step MA which I find very useful as a trailing stop line when the market is trending under certain circumstances. Having an MA which moves in a step manner is also useful in identifying areas of consolidation when it flattens out for a while.
using it on a 4 range chart. set displayoption to 1 (only background colors, that's all I need). the only other thing I did was changed the background colors in the code.
and together with a couple of other indicators (I prefer not to show because I can't share them), I reach my first target objective about 90 % of the time. and then the worst is a break even trade. it's just like a perfect combination, very thankful for this indicator.
Gomiladder, hands down. Gomi you are an absolute genius. A thousand thank you's. Watching buying and selling volume on each bar tick by tick to learn the auction process is a must learn for every trader. This system has helped me see how popular price patterns set up. I don't think you need the indicator to trade but it is an phenomenal education tool. You can also use it to scalp Sharky-style targeting 5 to 7 ticks with lots of contracts and keep your average time in the market under a couple minutes on the 5 minute bar charts.
The following 4 users say Thank You to Dragon for this post: