HyperSnapback Indicator - Traders Hideout | futures io social day trading
futures io futures trading


HyperSnapback Indicator
Updated: Views / Replies:3,305 / 28
Created: by warrenmac Attachments:3

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 90,000 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
 3  
 
Thread Tools Search this Thread
 

HyperSnapback Indicator

  #21 (permalink)
Elite Member
Calgary, Alberta
 
Futures Experience: Intermediate
Platform: NinjaTrader 8
Broker/Data: Kinetick
Favorite Futures: ES
 
JonnyBoy's Avatar
 
Posts: 938 since Apr 2012
Thanks: 378 given, 1,837 received


mhamrin View Post
I was very enamored with this indicator when I first saw it. I did actually perform some comparisons with ADX. I couldn't quite duplicate it but was able to achieve some similar signals. I think it's a hybrid ADX and CCI or something. Give signals when crosses oversold line etc.

If you view some of their seminars you will be able to see more signals in action. I'm not convinced. I wouldn't use this indicator as my foundation.

They have some patterns...like woodies cci. "M" for murder (as in market going down). Could work but be cautious.

I have been there and done that. I even purchased an indicator called the "Holy Grail" for Pete's sake!

I wouldn't be convinced about any indicator, ever. If you think about it, if there was an indicator that was so predictive, noise free and very profitable, why would anybody sell it?

Or from another angle, some of the smartest people in the world are employed by large trading firms and hundreds of thousands of dollars. millions even, are spent trying to get a statistical edge. So I doubt this vendor can back up their claims of "Highest percentage signal in all financial trading". So IMO, add it to the junk pile and move along.

All an indicator does is read price action and plot according to it. So why not learn to read it yourself?

For us regular small time traders, no matter what you think we don't have an edge and we never will. What we do have is knowing what the guys with the edge are doing. How? Well their footprint is left on the market each and every day.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------

Last edited by JonnyBoy; April 26th, 2016 at 04:27 PM.
Reply With Quote
 
  #22 (permalink)
Elite Member
Fort Worth TX USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 38 since Sep 2015
Thanks: 12 given, 14 received

A different stealth ind.


JonnyBoy View Post
I have been there and done that. I even purchased an indicator called the "Holy Grail" for Pete's sake!

I wouldn't be convinced about any indicator, ever. If you think about it, if there was an indicator that was so predictive, noise free and very profitable, why would anybody sell it?

Or from another angle, some of the smartest people in the world are employed by large trading firms and hundreds of thousands of dollars. millions even, are spent trying to get a statistical edge. So I doubt this vendor can back up their claims of "Highest percentage signal in all financial trading". So IMO, add it to the junk pile and move along.

All an indicator does is read price action and plot according to it. So why not learn to read it yourself?

For us regular small time traders, no matter what you think we don't have an edge and we never will. What we do have is knowing what the guys with the edge are doing. How? Well their footprint is left on the market each and every day.

Yep, I agree. We have to do our own analysis and not do what someone else tells us will work.

on stealth traders I did like the money velocity. It's different than the many b/a momentum etc indicators. I shows the building of volume. So you can actully see the volume. Has vol momo and block trade with alerts. I can see this one being useful. I would like to find something like this for less. It's $299. Discotrading has a nice b/a for about $40 but I can't actully see the volume total. Do you know anything else out there like the money velocity.

Take care...have a good weekend...

Reply With Quote
 
  #23 (permalink)
Elite Member
Calgary, Alberta
 
Futures Experience: Intermediate
Platform: NinjaTrader 8
Broker/Data: Kinetick
Favorite Futures: ES
 
JonnyBoy's Avatar
 
Posts: 938 since Apr 2012
Thanks: 378 given, 1,837 received



mhamrin View Post
Yep, I agree. We have to do our own analysis and not do what someone else tells us will work.

on stealth traders I did like the money velocity. It's different than the many b/a momentum etc indicators. I shows the building of volume. So you can actully see the volume. Has vol momo and block trade with alerts. I can see this one being useful. I would like to find something like this for less. It's $299. Discotrading has a nice b/a for about $40 but I can't actully see the volume total. Do you know anything else out there like the money velocity.

Take care...have a good weekend...

I just had a look at the indicators Stealth Traders has to offer. Sure, they look nice and jazzy but I would almost guarantee that they won't help you.

Have you looked around the indicators on this site? I bet you would find what you are looking for...

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following user says Thank You to JonnyBoy for this post:
 
  #24 (permalink)
Elite Member
Fort Worth TX USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 38 since Sep 2015
Thanks: 12 given, 14 received


JonnyBoy View Post
I just had a look at the indicators Stealth Traders has to offer. Sure, they look nice and jazzy but I would almost guarantee that they won't help you.

Have you looked around the indicators on this site? I bet you would find what you are looking for...

Well, it depending on your style... this ind could be good or it could suck for you. Me personally, I very much lean toward volume action. That's the main reason i like this ind. it looks to be a b/a weighted volume. wish i could do a trial of this one. I don't think they've got anything on trial. If i don't like something after a certain period of time can I get a refund? I'm especially leery of anything not guaranteed.

There's some great looking ind's here at bmt. still analyzing some of it. Looked at all NT7 ind. For me the verdict i still out. I will try to post later on what works for me. Being new here I will say that I've already got my hundy's worth!

Mike

Reply With Quote
 
  #25 (permalink)
Elite Member
manchester, england
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: pfg best
Favorite Futures: oil
 
Posts: 289 since Apr 2011
Thanks: 285 given, 393 received


mhamrin View Post
Well, it depending on your style... this ind could be good or it could suck for you. Me personally, I very much lean toward volume action. That's the main reason i like this ind. it looks to be a b/a weighted volume. wish i could do a trial of this one. I don't think they've got anything on trial. If i don't like something after a certain period of time can I get a refund? I'm especially leery of anything not guaranteed.

There's some great looking ind's here at bmt. still analyzing some of it. Looked at all NT7 ind. For me the verdict i still out. I will try to post later on what works for me. Being new here I will say that I've already got my hundy's worth!

Mike

@mhamrin

I just watched the youtube video, and I have not laughed so much in a long time. If you really believe that this indicator will help you in your trading, even after what every one else has said on this thread, then you should go ahead and buy it. It is your money and you can do whatever you want to do with it.

However, if I hear anyone say that their indicator is 'predictive', then I would run very fast away from that person without looking back.

Why do you think it is a B/A weighted volume? If you are into B/A (delta) volume, then there are many GOMI indicators on FIO which (as you are an elite member) you can download for free.

In the mean time, I am attaching a couple of charts from Friday showing some GOMI B/A delta volume indicators that I use.

Regards and good luck.

Dudley

Attached Thumbnails
HyperSnapback Indicator-es-06-16-5-min-29_04_2016_new-set-up.png   HyperSnapback Indicator-es-06-16-4000-tick-29_04_2016.png  

Last edited by mrmuggins; May 1st, 2016 at 05:14 AM.
Reply With Quote
The following 2 users say Thank You to mrmuggins for this post:
 
  #26 (permalink)
Elite Member
Fort Worth TX USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 38 since Sep 2015
Thanks: 12 given, 14 received

Thanks.


mrmuggins View Post
@mhamrin

I just watched the youtube video, and I have not laughed so much in a long time. If you really believe that this indicator will help you in your trading, even after what every one else has said on this thread, then you should go ahead and buy it. It is your money and you can do whatever you want to do with it.

However, if I hear anyone say that their indicator is 'predictive', then I would run very fast away from that person without looking back.

Why do you think it is a B/A weighted volume? If you are into B/A (delta) volume, then there are many GOMI indicators on FIO which (as you are an elite member) you can download for free.

In the mean time, I am attaching a couple of charts from Friday showing some GOMI B/A delta volume indicators that I use.

Regards and good luck.

Dudley

Your charts look interesting. Like the various support and resistance and AGB. Is that gomi package? I've got a cd and b/a pressure ind from disco trader. It was dirt cheap and works well.

I've been tinkering with some of the items within NT indicator section. I think some of them are to plug into the gomi package subscription. When I tried to install them it broke NT until I deleted ind. I believe this happened with gomi related items. The download pages didn't clear info that gomi was prerequisite.

Regarding the stealth traders stuff. I have the same sentiment regarding the hypersnapback ind. I was referring to their money velocity. Why it looks interesting is tha Volume builds on a zero line. Actual buy volume builds upward and is green. Sell volume builds down and is red. Seems to have block trades and some other gimmicks but I just like the way volume is displayed. I have only found this one other place. But I think it was also pricey. The problem with cd or bid ask pressure/ momentum is that actual volume can be somewhat lost within that time segment. So If you have buy pressure building, subsequent sell pressure can cancel out some of that buy pressure within the indicator. So some of the volume gets lost in that overlap. At least that is what i've observed in my research.

Good day!

Reply With Quote
 
  #27 (permalink)
Elite Member
manchester, england
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: pfg best
Favorite Futures: oil
 
Posts: 289 since Apr 2011
Thanks: 285 given, 393 received

How to download GOMI package

Hi @mhamrin

You can download the GOMI package from this link. You will need to have this installed on NT7 in order to run all the great GOMI related indicators created on FIO. There is also a video to show you how to download (in post 2).

https://futures.io/elite-circle/6802-gomrecorder-2-a.html

I have attached a 2 min ES chart with just the GOMI delta volume indicator in the lower panel, so you can see the buying/selling pressure the way you described it.

You can pm me if you need help downloading GOMI package.

Regards,

Dudley

Attached Thumbnails
HyperSnapback Indicator-es-06-16-2-min-02_05_2016_delta-volume.png  
Reply With Quote
The following 2 users say Thank You to mrmuggins for this post:
 
  #28 (permalink)
Elite Member
Fort Worth TX USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 38 since Sep 2015
Thanks: 12 given, 14 received

Thanks Dudley,

I appreciate your help! I'm going to work on the gomi package. Looks like amazing stuff...

Mike

Reply With Quote
 
  #29 (permalink)
Elite Member
Ramey
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: None
Favorite Futures: ES, YM
 
Posts: 24 since Aug 2009
Thanks: 13 given, 6 received

Stealth

Hyper SnapBack by Stealth signals by emails.

Did not help.

Stealthtrader Cockpit as I like to call it was nice assist type thing but $400 I don't know especially for RTH hours.

It is not the worst thing in the world, just overpriced.

I did notice a few tells on there that would be interesting to track and I trial everything to not get stale and I will monitor it on a different level.

Always been intrigued by filtering some intraday signals via certain stocks and that is what I seem to note that brought in some confluence without me have to have another Chart Intrep to weigh in on-if that make sense.

Following the actual ES signals during RTH I think I would have not been happy.

Reply With Quote

Reply



futures io > > > HyperSnapback Indicator

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Volmaxmultiple Indicator or Volume Multiplier Indicator? Revv NinjaTrader 1 February 15th, 2015 01:18 PM
Opening Range Indicator (w/ Indicator Input) wuileng NinjaTrader 5 January 21st, 2014 07:52 AM
How to call this indicator within the indicator/strategy zikonc NinjaTrader 2 July 26th, 2012 04:45 PM
Indicator Based Upon Other Indicator Colors ScorpioTravis NinjaTrader Programming 12 June 21st, 2012 07:29 PM
Adding Constant Line Indicator to Another Indicator ceramictilepro NinjaTrader Programming 9 September 22nd, 2011 11:43 PM


All times are GMT -4. The time now is 10:26 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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 2017-12-11 in 0.17 seconds with 38 queries on phoenix via your IP 54.145.16.43