NexusFi: Find Your Edge


Home Menu

 





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


Discussion in Platforms and Indicators

Updated
      Top Posters
    1. looks_one Rad4633 with 4 posts (0 thanks)
    2. looks_two kbit with 2 posts (3 thanks)
    3. looks_3 Zondor with 1 posts (2 thanks)
    4. looks_4 Fat Tails with 1 posts (8 thanks)
      Best Posters
    1. looks_one Fat Tails with 8 thanks per post
    2. looks_two Zondor with 2 thanks per post
    3. looks_3 kbit with 1.5 thanks per post
    4. looks_4 Loren with 1 thanks per post
    1. trending_up 4,845 views
    2. thumb_up 16 thanks given
    3. group 8 followers
    1. forum 14 posts
    2. attach_file 4 attachments




 
Search this Thread

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

  #1 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
Thanks Given: 2,657
Thanks Received: 894

Reason Im asking Ive tried alot and I cant find one that tells me anything that my PA doesn't( I use Better Renko bars, other bars might show more), so I need some Insight. Thx in Advance

Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Exit Strategy
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
18 thanks
The Program
18 thanks
  #3 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364


Your going to get a million different suggestions on this one....You could try TRIX indicator that seems as good as anything else. I haven't tried some of the custom ones for Ninja (if you are a Ninja guy) available around here but I would imagine you would get similar results.

The whole point of these type indicators ..trix, macd, etc.. is for confirmation or supporting evidence if you will for PA. If your going to trade off of these without PA you will loose your rear end. PA is required in just about every situation if you are to survive.

Reply With Quote
  #4 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
Thanks Given: 1,859
Thanks Received: 5,106

I've never found anything. I always went back to PA. I stopped searching over a year ago though.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #5 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
Thanks Given: 2,657
Thanks Received: 894


Massive l View Post
I've never found anything. I always went back to PA. I stopped searching over a year ago though.

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

Thx for reply

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #6 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
Thanks Given: 2,657
Thanks Received: 894


kbit View Post
Your going to get a million different suggestions on this one....You could try TRIX indicator that seems as good as anything else. I haven't tried some of the custom ones for Ninja (if you are a Ninja guy) available around here but I would imagine you would get similar results.

The whole point of these type indicators ..trix, macd, etc.. is for confirmation or supporting evidence if you will for PA. If your going to trade off of these without PA you will loose your rear end. PA is required in just about every situation if you are to survive.

KBit,

Im 2 yrs in this game, trust me I stayed in so many times bc indi said too, lost even more. Geez!!!!!!!
Ok so PA, support, res,. No secret sauce huh?

Thx R

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #7 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364


Rad4633 View Post
KBit,

Im 2 yrs in this game, trust me I stayed in so many times bc indi said too, lost even more. Geez!!!!!!!
Ok so PA, support, res,. No secret sauce huh?

Thx R

Yep nothing is infallible but something like a trix or whatever can just give you a bit more confirmation of a trade idea.
I myself use cumulative delta(crappy version of it anyway) along with tick charts but that's not perfect either.....

Reply With Quote
  #8 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
Thanks Given: 2,657
Thanks Received: 894


kbit View Post
Yep nothing is infallible but something like a trix or whatever can just give you a bit more confirmation of a trade idea.
I myself use cumulative delta(crappy version of it anyway) along with tick charts but that's not perfect either.....


I was wanting something to add me on pullbacks or rev so I could get out then re enter once trend continues or reverses. Bc as you know these are the ones that eats ur lunch

Ive used trix before, might revisit it tonight in replay.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #9 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

An oscillator is just a derivative from price. Depending on its formula it eliminates part of the information contained in price.

-> if you use an oscillator with a slow period, it will show you the larger swings
-> if you use an oscillator with a fast period, it will show you the smaller swings

All oscillators lag, the lag being something like half the period used for the oscillator. Also oscillators cannot predict the future.

However, there are some interesting applications.

(1) Time frame transfer: I like to use oscillators with a slow period, as they convey information from the larger timeframe, which I tend to ignore

(2) I like to watch oscillators if they approach the zeroline. A zeroline rejection can be a nice (low risk) retracement entry allowing for narrow stops. However, I would not use them on there own to identify the entry. The potential entry is identified by using various concepts of support and resistance (key levels and trendlines), the oscillator allows for timing the entry.

(3) Slow oscillators can be used as trendfilter. You can for example use momentum (which is an oscillator) with multiple periods to filter your trades.

Attached Thumbnails
Click image for larger version

Name:	CL 02-12 (1 Min)  04_01_2012.jpg
Views:	287
Size:	80.3 KB
ID:	58666   Click image for larger version

Name:	NQ 03-12 (1 Min)  04_01_2012.jpg
Views:	299
Size:	128.4 KB
ID:	58667  
Reply With Quote
  #10 (permalink)
 
Zondor's Avatar
 Zondor 
Portland Oregon, United States
 
Experience: Beginner
Platform: NinjatraderŽ
Broker: CQG, Kinetick
Trading: Gameplay KlownbineŽ Trading of Globex
Posts: 1,333 since Jul 2009
Thanks Given: 1,246
Thanks Received: 2,731


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. Take a look at his MACDBB lines oscillator while you're at it.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on January 8, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts