I am using the ADXVMA alerts V1.05 and really like the indicator because it is drawing Arrows up/down on my 8 range chart. My problem is that the arrows are drawed but 3 bars later. Is there any possibility to draw the arrow on the actual bar (3 bars later is really to late)? I try all possible options for the indicator and always the same result... 3 bars too late. If there is no other possibility, then is there any other indicator similare to this one but that will draw the arrow faster?
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Look for the RMOsystem if you like Arrows but keep in mind that arrows don't mean to enter when you see it.
Arrows, like many indicators, will only pop after 3 closing bars in a row or a break of some sort.
Price action always rule and is not late and lagging! so I encourage you to learn it.
I don't know anybody using arrows in a winning strategy but I know so many traders who got rich with price action.
One hard part of trading is EXECUTION!
It is hard enough to execute a trade on the fly, no one needs late arrows to distract us but I understand your need to study it. You may however miss the true utility of ADXVMA.
I'm using ADXVMA_Sharkypaint every day. It's a moving average that stays flat (like no other MA) giving you some interesting yellow dot levels where you can expect price to bounce 1 tick from it in the next retrace ( once the yellow dot period is finished...look to play the bounce and enter a limit order 1 tick from the prior dot level when price comes back to it...good on 8 range ).
I also use it to color my bars.
Also when trending, the touch of ADXVMA is a continuation entry to me.
For the newer version with alerts....I don't use it because I never found alerts to be useful at bringing profits in a live account like price action do.
Keep experimenting with ADXVMA in a new way
Last edited by PiCoTrader; November 20th, 2010 at 02:06 PM.
Thanks a lot for your answer. I fully agree with you. Why to use a lot of indicators to show already what the market is showing? Price action is the secret. I trade generally with 3 ema, no color, and volume indicator, nothing else. It is really enough for my reversal-strategy. I am trading the YM, 5 min chart, and try to catch some reversals I was looking at the adxvma, because I think it is a really good indicator, but I was wondering why the arrows are displayed 3 bars later... Now I have the answer.
Thanks a lot.
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