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emini-watch.com
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emini-watch.com

  #1 (permalink)
Elite Member
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emini-watch.com

Anyone try out the indicators on emini-watch.com? I liked the free "better volumes" indicator from their site which is also posted on Ninjatrader.com. They have a bunch of nice free stuff. And it seems all they sell are their indicators. Thanks.

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  #2 (permalink)
Quick Summary
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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)
 Vendor: sentimentrader.com 
Tulsa, OK
 
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I'm actually using emini-watch's indicators (better Pro-Am, Better Momentum and Better Sinewave). I love the indicators....they're giving me the exact information I've been looking for from the market. I've gone from an average of ~1.5 points a day over 7 trades to ~ 2 points over 3 trades per day. For me, that's a great change.......I'm not trading as much and the trades I'm taking are higher probability.

The indicators have helped me with Support/Resistance and volume + who's buying when.

I'd recommend the three indicators...good stuff.

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  #4 (permalink)
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It is good

I watch his review everyday, and have been using better volume for long time, good for tick chart.

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  #5 (permalink)
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Thanks EricBrown and Supermht! I tried them. They are great. While they still require discretion and
practice to use, they nailed general swings very nicely. Very good "early warning" signals, while not exact on entries, early warnings don't show up much in other generic indicators/systems. There's not much one can do about "cyclical" areas except maybe go to a smaller time frame or tick size. I like the idea of the better momentum indicator based on volume very much. And of great value to me, the indicators are actually fun to use. The author does a free summary most every day. I truly believe he's a trader sharing his ideas, and not just selling indicators. Thanks.

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  #6 (permalink)
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TradeStation EasyLanguage Code: Stopping Volume

Following is the EasyLanguage code for emini-watch's Stopping Volume indicator. It was provided at no cost by them so I figured I'd post it here in case someone would like to convert it into NT7 language for anyone who was interested.

Inputs: TextColor(White), Space(True), StopAlert(True),
SpaceMulti(1), TextSpaceMulti(0.75);
Variables: OffsetBottom(0), OffsetTop(0), OffsetInput(0);

If Space = True then begin
Value1 = Average(Range,10)*SpaceMulti;
Plot1(H+Value1,"TopSpace",Tool_Black,0,0);
Plot2(L-Value1,"BottomSpace",Tool_Black,0,0);
End;

OffsetBottom = 0;
OffsetTop = 0;
OffsetInput = Average(Range,10)*TextSpaceMulti;

Condition1 = Ticks > Ticks[1] and Range < Range[1] and L < L[1];
Condition2 = Ticks > Ticks[1] and Range < Range[1] and H > H[1];

If Condition1 then begin
OffsetBottom = OffsetBottom+OffsetInput;
Value1 = Text_New(D,T,L-OffsetBottom,"Stop");
Value2 = Text_SetColor(Value1,TextColor);
Value3 = Text_SetStyle(Value1,2,2);
If StopAlert = True then begin
Alert("Stopping Volume Low");
End;
End;
If Condition2 then begin
OffsetTop = OffsetTop+OffsetInput;
Value1 = Text_New(D,T,H+OffsetTop,"Stop");
Value2 = Text_SetColor(Value1,TextColor);
Value3 = Text_SetStyle(Value1,2,2);
If StopAlert = True then begin
Alert("Stopping Volume High");
End;
End;

Michael

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There's also a free download of a version of BetterVolume3 someone wrote for NT7 on the Ninjatrader support forum: Links and Downloads Manager - NinjaTrader Support Forum

It seems to me the better pro-am indicator may effectively indicate a significant block of limit orders. It's like a tape reading for volume batches indicator without having to do actual tape reading of the order flow.

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Dear Cloudy, Eric,

Are you guys still using these Better indicators? Do seem like useful tools.

Wishing you good trading.
Richard
Hong Kong

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  #9 (permalink)
 Vendor: sentimentrader.com 
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RichardHK View Post
Dear Cloudy, Eric,

Are you guys still using these Better indicators? Do seem like useful tools.

Wishing you good trading.
Richard
Hong Kong

Hi Richard -

I am still using the emini-watch tools. They are very nice indicators to help get a grasp of what is happening in the market.

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  #10 (permalink)
Elite Member
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Futures Experience: Intermediate
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Posts: 2,023 since Jul 2011
Thanks: 2,211 given, 1,545 received


Unfortunately, I found Better Momentum vague to use. Better Sinewave I like for on-chart dynamic resistance and support levels but they can also be commonly broken. Better ProAm can signal coming reversals sometimes but often in a strong new trend price just keeps on going no matter how many pro signals the other way.. It's just way too discretionary and no solid set combination or rules and signals. But then the same thing can be said for most any indicators. I still have them as I bought the lifetime license and there's been a recent free (for owners) update.

It may be a good substitute instead of following a traditional volume ladder. Maybe similar win/loss percentages seeing churn. And as supposedly volume based indicators, the Better indicators may be good confirmation/filter tools in combo with other methods such as watching price action.


Last edited by Cloudy; May 8th, 2012 at 04:46 PM.
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