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How many indicators are on your charts?


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How many indicators are on your charts?

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  #1 (permalink)
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Hi guys,

New poll.

How many indicators are on your charts?

Total votes: 1509
 


Please vote and discuss.

Mike

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  #3 (permalink)
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My setup has gotten simpler nowadays. Using Stochastics osc., vwap and opening range.. Price above vwap and stochastics in buy mode then wait for the price to sustain OR high and go long. Price below vwap and stochastics osc., in sell mode wait price to sustain below OR low and go short. That's all.

Keep It Simple
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  #4 (permalink)
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I'm simplifying gradually as I gain in confidence

Am I saying that (at least some of) the indicators I have used in the past were just on my charts out of fear and self-doubt?

Yes.

Bob.

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  #5 (permalink)
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This is a 3 min chart.I have the Lizard vwap,standard macd, and a 3min5 sma.Also, weekly /monthly pivots.Lastly, yes h/l/c and todays o/h/l.So i guess7 if you count o/h/l/c data.

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  #6 (permalink)
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Do all the indis that provide 'levels' (such as s/r lines place manually, pivot indicators, Opening Range lines, etc.) count as one, or do they all count individually?

Same question for VWAPS. If I have a session VWAP and a daily VWAP do they count as one or two?

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  #7 (permalink)
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Only price, time, volume. Multitimeframe view.

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  #8 (permalink)
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xplorer View Post
Do all the indis that provide 'levels' (such as s/r lines place manually, pivot indicators, Opening Range lines, etc.) count as one, or do they all count individually?

Same question for VWAPS. If I have a session VWAP and a daily VWAP do they count as one or two?

How do you think of them?

Bob.

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  #9 (permalink)
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bobwest View Post
How do you think of them?

Bob.

Lol, one!

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  #10 (permalink)
no drama Llama
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xplorer View Post
Do all the indis that provide 'levels' (such as s/r lines place manually, pivot indicators, Opening Range lines, etc.) count as one, or do they all count individually?

Same question for VWAPS. If I have a session VWAP and a daily VWAP do they count as one or two?

I don't even think of them as indicators. Pivots, s/r levels, OHLC are all just information. Perhaps if you use that information as a signal service to trade off then they could be classified as indicators. The alternative is to count everything on your chart as an indicator including the candles, wicks, colours, time, price levels, countdown timers, and anything else you see.

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  #11 (permalink)
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Price action, baby! Heikin Ashi Candlesticks. Went from stuff on my charts down to a minimalist. There is plenty to get distracted on. If I were to add something back it would be a moving average at max.

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  #12 (permalink)
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Same timeframe support & resistance.

Higher timeframe support & resistance.

That's it.

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  #13 (permalink)
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Price and volume... I roll naked

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  #14 (permalink)
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Price and volume... I roll naked

TMI!!!

lol!

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  #15 (permalink)
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When i started late 99 i did the usual generic subjective indicator junk , slowly progressed to a naked chart price action style over next 5 years , was pure naked for about 5-6 years and then i started my journey into the quant/algo world and now use indicators again but in a totally different way to the start . As a quant/coder i now seek binary/boolean solutions so have custom written all but 1 of the indi's i use , and the generic i use is modified at that . 100% the price action knowledge gained by using naked charts puts you at a distinct advantage to a pure programmer with minimal TA experience . I think eventually many naked traders will travel this journey .

If you can measure it you can improve it ( quant side )

If you know what you are measuring even better ( naked chart style )

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  #16 (permalink)
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My charts are currently running cumulative delta, a volume indicator and a trade activity monitor as extra panels. Then the main chart has intraday profiles, an atr stop line, session profiles, a price line and an instrument description. This is really many charts in one and is quite automated now.[IMG][/IMG]

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  #17 (permalink)
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Ozquant View Post
When i started late 99 i did the usual generic subjective indicator junk , slowly progressed to a naked chart price action style over next 5 years , was pure naked for about 5-6 years and then i started my journey into the quant/algo world and now use indicators again but in a totally different way to the start . As a quant/coder i now seek binary/boolean solutions so have custom written all but 1 of the indi's i use , and the generic i use is modified at that . 100% the price action knowledge gained by using naked charts puts you at a distinct advantage to a pure programmer with minimal TA experience . I think eventually many naked traders will travel this journey .

If you can measure it you can improve it ( quant side )

If you know what you are measuring even better ( naked chart style )


Ditto. New traders should read this comment from Ozquant. Many people may suggest that simplification is the end, but imo it's only a means to clarity when learning the markets, I agree eventually the path circles back and when you get there you use tools in a very different way.

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  #18 (permalink)
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It depends on what is considered an indicator.

I have price and volume, a moving average on long term charts and draw trend lines on short term charts.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #19 (permalink)
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Ozquant View Post
When i started late 99 i did the usual generic subjective indicator junk , slowly progressed to a naked chart price action style over next 5 years , was pure naked for about 5-6 years and then i started my journey into the quant/algo world and now use indicators again but in a totally different way to the start . As a quant/coder i now seek binary/boolean solutions so have custom written all but 1 of the indi's i use , and the generic i use is modified at that . 100% the price action knowledge gained by using naked charts puts you at a distinct advantage to a pure programmer with minimal TA experience . I think eventually many naked traders will travel this journey .

If you can measure it you can improve it ( quant side )

If you know what you are measuring even better ( naked chart style )

I agree with this however for me it was not the naked charts, but a naked dom that opened my eyes and led me to try and quantify what I was seeing. All the indicators I use now are either customized or custom coded as well and are really only there to help me check that the algorithm is performing as expected and also to enable me to see things that may benefit from coding and testing.

XS

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  #20 (permalink)
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to the current "trading" view has been parallel to the move away from the idea of automation back to manual discretionary short term directional speculation. (not really trading) The last 4-5 years I have spent way more time reverting to attribute (options strategies) that do not require ANY chart view. Second priority has been stock picking, so "portfolio management". Futures trading is entirely /ES now, takes place as a sole focus between 7:30 am cst and 11:00 am cst.

Outside of "context" meaning rates, money flow, volatility etc...which are non chart items I look at two charts that have a total of three indicators.





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  #21 (permalink)
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If Think or Swim could display @Fat Tails Auction Bars, the most useful, most reliable, most elegant indicator I have ever seen...I'd display that as well. So, two indicators on each of two charts would be optimum.

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  #22 (permalink)
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Technically I have three but only count them as two as one is a tick counter since I like to only enter after bar is closed and I have 1 ema and swing levels printed on my chart.

I do add 4 horizontal lines and mark any other patterns I tend to see.

-P

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  #23 (permalink)
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I think the term "indicator" can have different meanings these days than it did even 10 years ago. At least to me it does.



Here is the "old" strict indicator meaning as far as I'm concerned.....







My main chart for a symbol has 12 things added to it. Two of these are on my Default template and are on every single chart I open. Which are.....A horizontal line at the current price and my Trade Plan for that instrument ...meaning the levels I am interested in.



Below we have my chart of ZF and its "indicators". The only thing I consider indicating something to me are the three instances of the Acme Volume Delta from Rancho Dinero, one of which you can see on the chart below the other two I don't look at and are hid. They color the bars at RTH and ON sessions at the HOD or LOD with Selling Divergences or Buying Divergences respectively.



Acme Session Volume Profile which organizes the volume at price and labels many different levels like the session High the VPOC the VAL/VAH, you get it.



I also have two VWAP's one for the session another for the week.



Then one called Time Slice that highlights the IB or first 60min of the RTH.



A volume counter for the current bar.



One called Innovative Ordering shown below in a video on CL with me turning on and off etc.



And lastly my tool for calculating position size, named Risk-Reward Meter.... you click the button labeled "LTs Plan" and draw your entry and stop etc.



So....


  1. Line at current price
  2. Trade Plan
  3. Volume Delta Momentum (the one visible and also painting bars w/ Buy/Sell Divergences)
  4. Volume Delta per bar (only for Buy/Sell Divergences)
  5. Volume Delta per bar Trailing Delta (again only for Buy/Sell Divergences)
  6. Session Volume Profile
  7. VWAP session
  8. VWAP week
  9. Time Slice for the IB highlighting
  10. Volume Counter for current bar
  11. Order Entry
  12. Risk Calculation














https://www.youtube.com/watch?v=12-s9V90bJQ


Ron

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  #24 (permalink)
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How many indicators?
As few as I can use-
Indicators = NOISE!

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  #25 (permalink)
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I'll just leave this link here

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  #26 (permalink)
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I'll just leave this link here



Bob.

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  #27 (permalink)
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I took this picture from one of the traderbite on youtube:

In terms of indicators, i think FT71 beats everyone.

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  #28 (permalink)
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Blash View Post
Here is the "old" strict indicator meaning as far as I'm concerned...

That says all statistical information, so it sounds all inclusive to me. Doesn't matter anyhow because its all voodoo. My favorite voodoo is the old 20EMA. 5m, 15m, 30m bars. Also volume profile. 1d and multi day ranges. HVNs only.

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  #29 (permalink)
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trendisyourfriend View Post
I took this picture from one of the traderbite on youtube:

In terms of indicators, i think FT71 beats everyone.

Ha, you are too kind as I have seen at least three charts that he uses. The guy loves his stats and I love it when he shares those numbers.

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  #30 (permalink)
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Stock ichimoku, pivots, 14 cci (to keep an eye on divergence, but don't trade it), unirenkos.

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  #31 (permalink)
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The less the better.

Indicators are fine as long as they have been thoroughly tested and been proven profitable.

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  #32 (permalink)
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I only have candlestick chart ( mostly between 5 minute and 1 minute) and 21 EMA, no volume.
Sometimes use tick based charts.

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  #33 (permalink)
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None. Price action and S/R tells it all.

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  #34 (permalink)
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As few as possible but not fewer than necessary.

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  #35 (permalink)
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Traderjohnsblog View Post
None. Price action and S/R tells it all.

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I trade the RTY. I plot S/R lines and trade only when the NYSE tick hits extremes near these lines.

When I trade the ES, I use a 21EMA. I trade with the trend at or near the EMA.

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  #36 (permalink)
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I do not use any indicator.

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  #37 (permalink)
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Since most indicators are reactive and thus lagging to price action why bother? Indicators won't give you an edge only more reasons to hesitate to take the trade. Made far too important by many imho.

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  #38 (permalink)
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None. Indicators are useless.

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  #39 (permalink)
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DELTA007 View Post
My setup has gotten simpler nowadays. Using Stochastics osc., vwap and opening range.. Price above vwap and stochastics in buy mode then wait for the price to sustain OR high and go long. Price below vwap and stochastics osc., in sell mode wait price to sustain below OR low and go short. That's all.

What timeframe do you display your charts - 5 mins?

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  #40 (permalink)
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sairamss View Post
What timeframe do you display your charts - 5 mins?

I use the hourly to determine S / R levels and 5 min to decide when and how to enter the market

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  #41 (permalink)
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xiaosi View Post
My charts are currently running cumulative delta, a volume indicator and a trade activity monitor as extra panels. Then the main chart has intraday profiles, an atr stop line, session profiles, a price line and an instrument description. This is really many charts in one and is quite automated now.[IMG][/IMG]

did you purchase this cumulative delta indicator? Can you please let me know. Thx.

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  #42 (permalink)
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sairamss View Post
What timeframe do you display your charts - 5 mins?

Mostly 5 and 15 minute timeframe.

Keep It Simple
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  #43 (permalink)
Milwaukee, WI, USA
 
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I just switched over to Ninjatrader 8, finally, so dumped my previous workspace.

Right now, I am running 4 indicators. In the past, I have added one on occasion and left it there to see if I found myself referring to it. If not, over time, I'd remove it again. The result, though, has been having up to 6-10 at once.

Some I retained for extended periods and those I am still using in NT8. Some others, that I had written myself, I have not yet ported to NT8.

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  #44 (permalink)
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sairamss View Post
did you purchase this cumulative delta indicator? Can you please let me know. Thx.

No, itís standard Sierra Chart....

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  #45 (permalink)
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Is it anything more than random correlation that:
1. Over 90% of retail futures traders are net losers; and
2. Over 90% of retail futures traders use price indicators?

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  #46 (permalink)
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seattle7 View Post
Is it anything more than random correlation that:
1. Over 90% of retail futures traders are net losers; and
2. Over 90% of retail futures traders use price indicators?

hi, where do these quoted figures come from?

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  #47 (permalink)
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I use 3

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  #48 (permalink)
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Successful traders use indicators too! lol Indicators are not the reason people lose at this game.

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  #49 (permalink)
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I use Session VWAP, ATR, Volume Profile and Cumulative Delta. indicators are just your guidance in making decisions to buy or sell. people win and lose using them. so it also boils down to which indicators really makes sense to you, then ditch the rest that doesn't.

"You are only as good as the decisions you make."
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  #50 (permalink)
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I feel and rather experienced that cluttering your worksapce with too many indicators will more often deviate you from price action . Price action is supreme and to depend overly on volume based indicators like orderflow and others will often act as barrier rather than support.

I use volume bars and one Oscillator (RSI).My trading is based on Elliott Wave and price action.

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  #51 (permalink)
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Indicators are not going to make anyone a successful trader, nor is not having indicators, nor is anything else besides what is in the trader's head: how he/she puts what's on the chart to use.

Long-time members of FIO have seen many, many ways of trading being carried off successfully, and many more being unsuccessful. This includes any imaginable (and some unimaginable ) combinations of indicators and techniques, as well as trading on a bare chart with just price and volume, or even just price by itself. Some have worked well, many have not, and the deciding factor is really never what is or is not on the chart.

When you have a way of grasping the market that clicks for you, then you can start to make headway. Other people may have the exact opposite, and what they have may work for them.

This upsets people who think they need to find something "out there" that will make them trade well. I also upsets people who have found something that works for them, and think it's the only thing that can work, for everyone.

This is really a very individual game, and the burden is on the trader, not the methodology.

Bob.

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  #52 (permalink)
Arnhem, The Netherlands
 
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Trader070 View Post
Since most indicators are reactive and thus lagging to price action why bother? Indicators won't give you an edge only more reasons to hesitate to take the trade. Made far too important by many imho.

You can use indicators, because you want to exploit the traders who predictable use them.
http://www.followingthetrend.com/2014/06/a-counter-trend-indicator/


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  #53 (permalink)
Legendary Market Wizard
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What about no indicators or even no charts?

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  #54 (permalink)
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SMCJB View Post
What about no indicators or even no charts?

momo

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  #55 (permalink)
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SMCJB View Post
What about no indicators or even no charts?

What about no indicators, no charts, AND no underwear?

Learn The Rules Well So You Can Break Them Effectively
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  #56 (permalink)
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srgtroy View Post
What about no indicators, no charts, AND no underwear?

TMI

Bob.

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  #57 (permalink)
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srgtroy View Post
What about no indicators, no charts, AND no underwear?


I like the way you think, sir. LOL

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  #58 (permalink)
Legendary Market Wizard
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srgtroy View Post
What about no indicators, no charts, AND no underwear?

My friends always tease me about sitting at home trading in my underwear, which must hit a nerve because I can honestly say that has never happened!

So no indicators, no charts, but yes to underwear & shorts!

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  #59 (permalink)
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SMCJB View Post
My friends always tease me about sitting at home trading in my underwear, which must hit a nerve because I can honestly say that has never happened!

So no indicators, no charts, but yes to underwear & shorts!

That's a relief.

Although still TMI.

Bob.

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  #60 (permalink)
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Is that an indicator in your pants or are you just happy to see me?

Let me guess... TMI!

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  #61 (permalink)
Hamburg, Germany
 
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Currently, only one EMA is on my (n-tick FX, no volume) black-white candle charts

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  #62 (permalink)
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I have 3 different systems for trade
1) 1 uses price only (for long trade H4 and up)
2) 1 uses simple MA (midterm and short)
3) 1 uses price + volume (any)

Indicators are supplementary only. Some kind a red flags which warns me about of price movement probability.

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  #63 (permalink)
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Volume/Market profile...
That's it.
Unless you count S/R zones + trendlines as indicators.

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  #64 (permalink)
Market Chamois
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Leon of Pizza View Post
That says all statistical information, so it sounds all inclusive to me. Doesn't matter anyhow because its all voodoo. My favorite voodoo is the old 20EMA. 5m, 15m, 30m bars. Also volume profile. 1d and multi day ranges. HVNs only.

As I have said before...lol.... Pick your poison and stick to it.

Ron

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  #65 (permalink)
Kingston, NY
 
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I have three indicators on my chart, but only one generates a trading signal. But that one trading signal was built by around 1,000 lines of C# Ninjascript code. It took a while to do.

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  #66 (permalink)
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14

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  #67 (permalink)
Legendary Market Wizard
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I guess I'm full of it

but for most of them, I like the description tool better than indicator.

also about the lagging factor. if you prefer to trade pure price action without any indicators, don't forget if you look on the left side of your charts you're looking in the past. and that's what lagging indicators do as well. anyway I know successful traders that use a bunch of indicators, but I also know successful traders that use no indicators at all. so my opinion is it doesn't really matter, important is that you're profitable.

here's my list:

- GomOrderFlowPro
- GomOrderFlowCustomUpDownSignals
- GomOrderFlowCustomUpDownSignals
- GomOrderFlowProValues
- CurrentDayVWAP




- GomOrderFlowPro
- GomOrderFlowPro




- CurrentDayVWAP
- OpeningRange
- RangeProjectionsDaily




- GomMPPro
- PriceLine


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  #68 (permalink)
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I use 2 moving averages on tick charts and a short term ADX graph in a subgraph. Then I have one alert when my conditions occur. I have been trading futures for 21 yrs and have slowly whittled my charts down to a minimum of clutter

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  #69 (permalink)
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Silvester17 View Post

also about the lagging factor. if you prefer to trade pure price action without any indicators, don't forget if you look on the left side of your charts you're looking in the past. and that's what lagging indicators do as well.

Somehow a lot of people don't seem to get this. A trendline is as lagging as a moving average: it tells what price did in the past. So does support/resistance. You have to figure out what it will do now, and you do it in relation to what happened before... which lags the present.


Quoting 
anyway I know successful traders that use a bunch of indicators, but I also know successful traders that use no indicators at all. so my opinion is it doesn't really matter, important is that you're profitable.

This is all that matters, of course.

Bob.

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  #70 (permalink)
Market Wizard
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Silvester17 View Post
I guess I'm full of it

I agree with that statement.

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  #71 (permalink)
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Studies (Paul Slovic / Bernard Corrigan) have been done to check if more information leads to better decision making. The outcome of the study: the more information, no worse/better decisions/forecasts. But a boosted confidence by decision makers when more info available. This study was done in the field of horseracing.

If you apply these insights to trading then you could argue that the more cluttered the screens the more insecure the trader. I use 5 indicators, probably 2 entry, 2 exit and 1 for SR. My goal is to have 3 indicators as I trade on a very short timeframe. But to simplify is not that simple. When I drop a indicator I have the feeling that it would negatively influence my performance. Although I rationally know you can do without a couple.





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  #72 (permalink)
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Just the 1hr and 5min charts side by side (no indicators or volume) and the Level II.
No visibility of the P&L either.
Once I did that, I started to make money.

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  #73 (permalink)
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VWAP, daily pivot points and dstoch on the RSI.. that's it ;-)

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  #74 (permalink)
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LMAO... The poll is very poorly worded in what one thinks an indicator should be and makes absolutely no sense at all.... one section of the poll shows " None, using price and volume" others are how many " indicators" one uses(1-4, ext) ....well... I have 5 indicators for just showing "volume" and nothing else, and based on this poll, is that an "indicator" or just "volume and price.

.Most posts are here are the same way....indicators that just use volume. Based on that poll that can go into several poll categories and not sure people here know which one to use.

Gomi LAdder, CD, Relative Volume, and Volume profile are all just indicators using "Volume"....and VWAP uses "price and Volume".

In fact 90%+ indicators only use three things... Price, Volume and Time..... and a majority only use "price and volume" in different ways making this poll pointless....

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  #75 (permalink)
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bobwest View Post
Indicators are not going to make anyone a successful trader, nor is not having indicators, nor is anything else besides what is in the trader's head: how he/she puts what's on the chart to use.

Long-time members of FIO have seen many, many ways of trading being carried off successfully, and many more being unsuccessful. This includes any imaginable (and some unimaginable ) combinations of indicators and techniques, as well as trading on a bare chart with just price and volume, or even just price by itself. Some have worked well, many have not, and the deciding factor is really never what is or is not on the chart.

When you have a way of grasping the market that clicks for you, then you can start to make headway. Other people may have the exact opposite, and what they have may work for them.

This upsets people who think they need to find something "out there" that will make them trade well. I also upsets people who have found something that works for them, and think it's the only thing that can work, for everyone.

This is really a very individual game, and the burden is on the trader, not the methodology.

Bob.

THIS.

As with trading, if those with political and religious predilections would consistently embrace THIS, I believe the world would be a much better place.

Works for you individually? Great.

Or, in the poetry of John Lennon, "Whatever gets you through the night is all right. It's all right."

To which I'll add, John, "Yeah, just leave me out of it if it's going to hurt me or the people I love." (Correctamundo! I am NOT a poet.)

Ironic, isn't it, that those predisposed toward a live-and-let-live POV are also among the ones least likely to seek the power necessary to implement it, at least until the pendulum swings way out of band with concomitant disasters. Like Clemenza, then folks like me will resign ourselves to the tasks of having "to get rid of the bad blood."

That said, I also appreciate the other posters who have given insights about things to try, and thus judge personally, particularly the ones coming from members still here after many years (with their implied success). Thank you so much.

Most interesting to me was the meme that learning is a spiral, hopefully UP when Reason--facts and logic--are used as the rubric for ruthlessly discarding flotsam, whether intellectual or emotional. I've seen this in my career when I've come full circle to what seemed obvious to me as a newcomer decades ago, but then got distracted when everyone else convinced me that I was, after all, only a newcomer. Of course, it's not applicable in all cases, but it's often true.

So yeah, Mr. Corleone, you were right: It is personal. Master that aspect of yourself, and the business-side will follow effortlessly like night into day. One doesn't master trading first. One masters oneself. First.

DISCLAIMER (which seem to be all the rage on trading websites and YouTube videos): As this is my first post on futures.io, I assure you it is wholly non-partisan.

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  #76 (permalink)
Market Wizard
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I guess, technically speaking, anyone using a Japanese candle stick is using an indicator. Without them, you would have a line chart. So with that, I use two indicators, Japanese candle sticks and a tick counter. Every other indicator to me is a distractor and negatively affect my P&L.

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  #77 (permalink)
Atlanta
 
 
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I just have 4 Price Ladders (DOM) up: NQ (ES) (ZN) ZB.

I trade the ones in parenthesis.

I was toying around with using a 1 min chart and a baseline delta, but I found that charts just get in the way of the moment.

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  #78 (permalink)
Arnhem, The Netherlands
 
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AutomatedTrader View Post
Unfortunately, it will take most traders months and years to really understand, indicators are not needed. My opinion of profitable experience. They are very pretty on the charts, they do show you information, but they are lagging. Lagging meaning behind, not current. So, my question would be, how can you be ahead of the curve, when you're trading late information? All I use for trading is 3 simple bars, and I make a fortune. Indicators will ALWAYS limit your potential, no matter how much you make or don't make.

Lagging is always seen as a bad thing. But come on, discretionary traders or retail algo traders can't front run nothing, nada, no chance what so ever.

If you think a little longer about this topic you can even argue that lagging has it advantages. It keeps you longer in trend trades and you can profit from the energy of traders in a higher timeframes.

The reason you make a fortune has probably more to do with your trade skills and the fact your not distracted by a screen packed with all correlated indicators measuring the same thing: time, price or volume

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  #79 (permalink)
Jacksonville, FL
 
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AutomatedTrader View Post
Unfortunately, it will take most traders months and years to really understand, indicators are not needed. My opinion of profitable experience. They are very pretty on the charts, they do show you information, but they are lagging. Lagging meaning behind, not current. So, my question would be, how can you be ahead of the curve, when you're trading late information? All I use for trading is 3 simple bars, and I make a fortune. Indicators will ALWAYS limit your potential, no matter how much you make or don't make.

I get what you're saying and I respect that you are profitable trading this way. Let's not forget, however, that "3 simple bars" implies a chart. A chart is an "indicator." It is a two-dimensional representation of price by price, or by time, or by volume, or by delta, or by a combination of those, and like most "indicators" it's meant to rearrange the output of the tape (also lagging, by my understanding of your definition) so that we humans process the data more efficiently (less lag).

I tip my hat to those old-timers who can trade just by the tape. That means price action only, i.e. the last printed trades flowing past WITHOUT colors as to whether they went on the ask or bid, or filters for slowing down the rate to only block trades or trades above a certain number of contracts, etc. Adding colors, blocking out noise, etc. are also "indicators" applied to the raw tape output, so to a purist they'd be out. I actually tried this for a while. I simply could not stay focused long enough, probably because I'm not Rainman or his equivalent.

It's the rare trader--and again, I'm not mocking, I'm complimenting--who needs "no indicators." I'm certainly not one of them so a tip of the hat to you, too.

BTW, one small nit to pick: Nobody is ever "ahead of the curve." Why? Because humans have yet to develop a capability to predict the future. There is no curve to "be ahead of." And thus, money management is as important as being able to read prices. Given your experience, I'm sure you know that and it was simply poor wording. Again, not a criticism--you were clear in what you wrote, I got what you meant, and an internet blog post is not a doctoral thesis.

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