Is there a usable Oscillator?Thats Works?????Better than PA

January 4th, 2012, 05:58 PM

Zondor

I think the TRIX has so much lag and smoothing that it is worth than worseless.

Aw, you know what I mean.

Even the lowly stochastics can be good, if used in multiple time frames. Unfortunate that the Ninatrader system indicator version is very inefficient on cobc false.

Oscillators are best used in conjunction with tick by tick indicators that suggest the locations of turning points. That's where Cumulative Delta, Buy/sell volume, "Better Volume", "Better Pro-Am" etc can help... a lot! Those oscillator extremes are also the places to practice your arcane and mystical tape reading skills!

As FT mentioned, oscillator behavior in the vicinity of the zero line can be very revealing.

It all depends on what you've empirically observed in working with each particular oscillator. My main trading method is based on patterns occurring at the oscillator extremes rather then patterns occurring at the zero line.

January 6th, 2012, 10:07 AM

Rad4633

Massive,
Im still laughing bc I agree. I am needing or wanting to find something anything to confirm PA..

Thx for reply

The confirmation IS what price does and cannot be known prior to making a decision. More often than not when someone says they're looking for confirmation what they're really looking for is something that's going to tell them that they will be right; more of a prediction which is a desolate road to travel down. Especially when we're in denial that we're looking for a prediction.

One makes their decision and if price confirms by going in the desired direction, there's your confirmation.

January 6th, 2012, 12:23 PM

mkaminski

The confirmation IS what price does and cannot be known prior to making a decision. More often than not when someone says they're looking for confirmation what they're really looking for is something that's going to tell them that they will be right; more of a prediction which is a desolate road to travel down. Especially when we're in denial that we're looking for a prediction.

One makes their decision and if price confirms by going in the desired direction, there's your confirmation.

I agree, the most important aspect to me is MM.

January 6th, 2012, 12:27 PM

mkaminski

One makes their decision and if price confirms by going in the desired direction, there's your confirmation.

I use confirmation indicators.

I call them targets

vvhg

January 8th, 2012, 10:41 AM

I agree. Price is king and if you ignor PA and trade blindly with any indicator you will lose money. I don't know how much trading experience you have but for my trading I use multiple time frames. I'm a trend trader and try to avoid countertrend trades.

Once I've established the trend per my rules I look at my 3min and 1 min charts for confirmation of a set up and enter using a 89tick chart with a MACD and PA. This is nothing new, many traders use multliple time frames in their trading.

Good luck in your trading.

Loren (Art)

Is there a usable Oscillator?Thats Works?????Better than PA

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Is there a usable Oscillator?Thats Works?????Better than PA