Anyone find any indicators of value? That you wouldn't trade without...? - Platforms and Indicators | futures io social day trading
futures io futures trading


Anyone find any indicators of value? That you wouldn't trade without...?
Updated: Views / Replies:3,581 / 42
Created: by LaissezFaire Attachments:7

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 7  
 
Thread Tools Search this Thread
 

Anyone find any indicators of value? That you wouldn't trade without...?

  #1 (permalink)
Trading for Fun
Oslo + Norway
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 173 since May 2016
Thanks: 175 given, 78 received

Anyone find any indicators of value? That you wouldn't trade without...?

Hi all,

I used to be mostly at some other forum where consensus seemed to be that indicators don't offer any value and were even of negative value (clutter up your charts, lagging, etc.) and that pure price action as the purists call it is king.

I get the feeling that people on this board use indicators far more and that there's a lot of custom indicators being made and used, particularly in Ninjatrader.

I've been focused on some other part of my trading methodology for some time, but as I'm now focusing more on my charting methodology, I'm interested in exploring the use of indicators that can help or improve execution. One obvious advantage of indicators is that they can offer objectivity and clear signals whereas 'reading price action' might be a bit more subjective.

Currently, I use two indicators myself which I find have great value in actually organizing my charts:

1. Price Action Swing - I simply use the basic feature which plots swing points. For me, this is a way to measure the market and better see what's happened.

2. OHLC indicator. I like to pay attention to prior day OHLC and find that this indicator does that automatically.

So, for me, these two indicators provide a lot of value for sure as they automate things and help me better see what's going on.

Beyond this, I'd be interested in seeing if I might find something that could help execution. Perhaps a momentum indicator of some sort. Stochastics/MACD or similar.

Would be interested in hearing how and what other indicators you people use. If there's any stuff you feel you couldn't do without. Maybe you even have a proprietary indicator you're not interested in sharing. That's interesting too.

Thanks in advance!

Regards.

Reply With Quote
The following user says Thank You to LaissezFaire for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
charlotte nc
 
Trading Experience: Master
Platform: ninjatrader
Broker/Data: NinjaTrader
Favorite Futures: Emini (ES, YM, NQ, ect.)
 
Posts: 372 since Jan 2015
Thanks: 67 given, 879 received


Not exactly an indicator.... but I have a custom code built to identify my place in the queue. It's taken me a dozen or so builds to get it fairly accurate, but knowing if I am in the top 50% of the queue, the bottom 90%, the top 10%, etc... Makes all the difference in the world to me. I would never take a trade for example when I knew I was in the back of the line.

If you are in the back 90% of the line for example, then the only fills you will ever get will be toxic fills. But getting further up in line you can capture more non toxic fills.

There are lots of platforms that offer something like this, but they are typically either extremely conservative or extremely liberal and are usually significantly off.

Just throwing it out there....

Ian



LaissezFaire View Post
Hi all,

I used to be mostly at some other forum where consensus seemed to be that indicators don't offer any value and were even of negative value (clutter up your charts, lagging, etc.) and that pure price action as the purists call it is king.

I get the feeling that people on this board use indicators far more and that there's a lot of custom indicators being made and used, particularly in Ninjatrader.

I've been focused on some other part of my trading methodology for some time, but as I'm now focusing more on my charting methodology, I'm interested in exploring the use of indicators that can help or improve execution. One obvious advantage of indicators is that they can offer objectivity and clear signals whereas 'reading price action' might be a bit more subjective.

Currently, I use two indicators myself which I find have great value in actually organizing my charts:

1. Price Action Swing - I simply use the basic feature which plots swing points. For me, this is a way to measure the market and better see what's happened.

2. OHLC indicator. I like to pay attention to prior day OHLC and find that this indicator does that automatically.

So, for me, these two indicators provide a lot of value for sure as they automate things and help me better see what's going on.

Beyond this, I'd be interested in seeing if I might find something that could help execution. Perhaps a momentum indicator of some sort. Stochastics/MACD or similar.

Would be interested in hearing how and what other indicators you people use. If there's any stuff you feel you couldn't do without. Maybe you even have a proprietary indicator you're not interested in sharing. That's interesting too.

Thanks in advance!

Regards.


In the analytical world there is no such thing as art, there is only the science you know and the science you don't know. Characterizing the science you don't know as "art" is a fools game.
Reply With Quote
The following 3 users say Thank You to iantg for this post:
 
  #4 (permalink)
Elite Member
Point Roberts, WA, USA
 
Trading Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,603 since Dec 2010
Thanks: 1,408 given, 2,225 received

I think there are indicators of value.

I think you want to be clear are what you are trying to do then spend quite a lot of time trying different combinations of parameters to produce the effect you want.

Trading is such a complex art, in my opinion that one cannot be too rigid. (By that I meant only price action, only chart formations, only indicators) - you need to be open to what works for you.

For example I have three workspaces open during the day:
one has 3 charts
one has 5
one has about 20.

most of the time I'm on the 3 chart workspace.
Occasionally I review all the charts in the 20 chart workspace (which has many time frames).

Sometimes i turn to a chart, perhaps one I don't use often and "just see" something.

It could be price action usually doesn't "hit" that chart but on that day at that time it is just right
(perhaps it has an SMA 260 that usually isn't of interest but just then it is clear that that will be resistance).

Keep your mind in the future, in the now.
Reply With Quote
The following 3 users say Thank You to aquarian1 for this post:
 
  #5 (permalink)
Elite Member
salt lake utah
 
Trading Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES
 
rintin2x's Avatar
 
Posts: 541 since Jun 2016
Thanks: 634 given, 532 received

For my trading, I try to get the context first on what’s going on, then using those indicators to help with entries, but it’s still work in progress . I think any indicator you choose probably will work if you spend enough time with it.

Reply With Quote
The following 2 users say Thank You to rintin2x for this post:
 
  #6 (permalink)
You did what?!
Indianoplace, IN
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6E, NQ
 
Rrrracer's Avatar
 
Posts: 1,690 since Feb 2017
Thanks: 9,850 given, 5,891 received
Forum Reputation: Legendary

Volume. In my book, it's not really an indicator though... just one half of the price:volume equation, the two best leading "indicators" we have.

Reply With Quote
The following 5 users say Thank You to Rrrracer for this post:
 
  #7 (permalink)
Trading for Fun
Oslo + Norway
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 173 since May 2016
Thanks: 175 given, 78 received

Interesting stuff, guys. Thanks!

I used to greatly believe in volume and it seems to be one of the things that's widely accepted as important, but it's rarely questioned it seems. Personally, I don't use volume at the bottom of my charts at the moment.

But I am experimenting with volume bar charts and find them interesting.

I'm a bit curious about Delta indicators and bid/ask volume, but for my chosen market (ES) which is very thick and traded widely (SPY, ES, options, single stocks making up the index, arbitrage, etc.), I'm skeptical towards what I can actually read from it?

Delta and even pure volume analysis would make a lot more sense to me if applied to say a single stock or commodity. Just not convinced it makes sense for an index future.

Thoughts?

Reply With Quote
The following user says Thank You to LaissezFaire for this post:
 
  #8 (permalink)
You did what?!
Indianoplace, IN
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6E, NQ
 
Rrrracer's Avatar
 
Posts: 1,690 since Feb 2017
Thanks: 9,850 given, 5,891 received
Forum Reputation: Legendary

If price is a car, volume is the gas in the tank. It is wholly applicable to any market. I've never messed with delta, looked at bid/ask but never really found much value in it... but that's not to say they don't have merit I'm not preaching it, everyone has to find their own way, but in the same breath it is the one factor that has turned my personal trading around.

If you want to learn more, I'd suggest starting with Tom Williams' Master the Markets (free):
https://www.tradeguider.com/mtm_251058.pdf

All the best!
Shane

Reply With Quote
The following 4 users say Thank You to Rrrracer for this post:
 
  #9 (permalink)
Trading for Fun
Oslo + Norway
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 173 since May 2016
Thanks: 175 given, 78 received


Rrrracer View Post
If price is a car, volume is the gas in the tank. It is wholly applicable to any market. I've never messed with delta, looked at bid/ask but never really found much value in it... but that's not to say they don't have merit I'm not preaching it, everyone has to find their own way, but in the same breath it is the one factor that has turned my personal trading around.

If you want to learn more, I'd suggest starting with Tom Williams' Master the Markets (free):
https://www.tradeguider.com/mtm_251058.pdf

All the best!
Shane

Hi,

Thanks for the link. I never heard of this guy. Is he known in the trading industry?

Could you elaborate a little bit on your statements about volume?

In my experience, price movement (assuming that's what we're looking for) can happen on large volume and very little volume. Also, you can have huge volume without much movement at all.

It's the skew between buyers and sellers that create price movement. Price goes up in the absence of sellers and vice versa. It doesn't matter if it's 10 buyers or 100 or 1000 as long as there's an absence of liquidity (sellers) at the market.

Price can exist without volume (a price quoted, but not traded), but volume can't exist without price.

Reply With Quote
The following user says Thank You to LaissezFaire for this post:
 
  #10 (permalink)
Elite Member
detroit,mi
 
Trading Experience: Beginner
Platform: NT
Favorite Futures: NQ
 
sudhirc's Avatar
 
Posts: 356 since Sep 2011
Thanks: 1,630 given, 400 received


Hi,

There is thread by @t123knight called Wyckoff Speculator, where he uses 3-10 oscillator to determine momentum. He uses this in conjunction with PA and Wyckoff principles and not by it self. He did an excellent Webinar and talks about it in there as well. Working talking a look.
https://futures.io/elite-trading-journals/18209-wyckoff-speculator.html

Reply With Quote
The following 4 users say Thank You to sudhirc for this post:

Reply



futures io > > > Anyone find any indicators of value? That you wouldn't trade without...?




Upcoming Webinars and Events (4:30PM ET unless noted)
 

Order Flow Patterns and Set-ups w/Anthony Drager @ Verbal Journal

Apr 18
 

Donít Let One Bad Trade Wipe Out Your Entire Account w/GFF Brokers

Apr 23
 

New CME Micro Indices: Trading Opportunities w/FuturesTrader71

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How do I find volatile futures to day trade Jayboii478 Traders Hideout 6 December 28th, 2017 01:47 AM
Can't find Tom Demark indicators in Downloads RockyEast NinjaTrader 11 November 17th, 2017 01:17 PM
How do I find and down load ana indicators brussell NinjaTrader 3 December 14th, 2011 02:18 PM
How do I find the different trade rooms? samhtrader Traders Hideout 3 August 25th, 2011 02:39 PM
Is there a way to find all indicators submitted by a given member ? trendisyourfriend Traders Hideout 10 December 17th, 2010 08:09 PM


Tags
adam grimes, ai, arbitrage, automatically, backtest, backtesting, bid/ask, buy, code, crossovers, cumulative delta, data, delta, depth of market, divergence, dom, dow, el, elite, futures, imbalance, indicator, indicators, information, journal, live trading, macd, momentum, ninja, ninjatrader, ninjatrader 8, ohlc, options, oscillator, patterns, people, precision, price action, pure price action, resistance, reversals, review, s/r, search, short, signal, signals, slippage, sma, spread, spreads, spy, statistical, stochastics, stocks, strategies, strategy, support, support and resistance, swing, t1, tick, time frames, top, traded, tradeguider, trading, training, trend, trends, volatility, volume, volume profile, vsa, wave, webinar, wyckoff

All times are GMT -4. The time now is 05:44 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
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.
no new posts
Page generated 2019-04-18 in 0.23 seconds with 15 queries on phoenix