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Indicator for Scalping?


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Indicator for Scalping?

  #1 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
Posts: 315 since Nov 2011
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On a 233 or 144 volume 3LBW looking for a good indicator that gets one in on the first bar of the new swing but effectively filters out at least some of the "bad" signals. The current indicators I am using confirm the swing very late in the swing (3rd - 5th bar) when the scalp move is usually over. Any suggestions?

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Can you help answer these questions
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  #3 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Swing Trader
 
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TrendTraderBH View Post
On a 233 or 144 volume 3LBW looking for a good indicator that gets one in on the first bar of the new swing but effectively filters out at least some of the "bad" signals. The current indicators I am using confirm the swing very late in the swing (3rd - 5th bar) when the scalp move is usually over. Any suggestions?

Please don't take offense. But your post resembles private messages I routinely get from new traders:

"I only want a system that makes $50-100 a day. Can you tell me which system to download?"



Mike

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  #4 (permalink)
 TrendTraderBH 
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
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No offense taken. It's an honest question and I'm not a new trader. Just looking for some suggestions to test and play with on my own and find out what others have tried that have not worked.

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  #5 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Best advice I can give is to read here:



You'll at least know where I stand after reading that thread.

I'm sure someone else can give you recommendations on the indicator you are after.

Mike

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  #6 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
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Nice grail pic Big Mike

TrendTraderBH. Have you seen Perry's Continuation Method and thread? the MAmulti and MTF indicators may be somewhat along what you're looking for. You can adjust it so it "fades" out bars that are in a flat trend (based on settings like divergence or congruence of different time frame slopes of ma's) vs. solid bars which are more in a trend.

Perry also demos the indicators in his recent webinar:
Webinar: [AUTOLINK]Perry's Method Part II[/AUTOLINK] Continuation and Advancement

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  #7 (permalink)
JuneBug
Clearwater, Florida USA
 
Posts: 18 since Mar 2012
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I get great scalping trade results with the indicators that I got from navitrader. You might want to take a look at them, too. The volume charts on ninjatrader work great with them and you can get in right after a pivot break. I think they now give a free trial, so you can try them out for yourself.

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  #8 (permalink)
 jta3 
Copenhagen, Denmark
 
Experience: Advanced
Platform: Fib Fib and Fib.!
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Indicator Scalper say it all.
But could probably be better.

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Elite Membership required to download: Scalper.zip
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  #9 (permalink)
 
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 Sunil P 
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
Posts: 290 since Jan 2012

Carter's TTM? ya right.

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  #10 (permalink)
HorstGoldstein
Astoria, New York, USA
 
Posts: 6 since Mar 2012
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Well, I've been doing some research on MACDBB's with different time frames, I've seen many post on that, and even a guy posting his journal in futures.io (formerly BMT)! using it and showing consistent profit using 'em! I sure doubt that it's live trading his doing! but atleast I got to know about the indicator and now trying play with it myself!

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Last Updated on March 22, 2012


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