New Indicator That Actually Works
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New Indicator That Actually Works
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New Indicator That Actually Works

  #61 (permalink)
NEW PANVEL
 
Trading Experience: Beginner
Platform: ninja trader
Favorite Futures: future
 
Posts: 12 since Oct 2015
Thanks: 1 given, 10 received

pi-Oscillator is just a smooth oscillator only but smooth than macd/rsi so it will worked well when market behavior is normal. if there are big trend day than it will give wrong signal continuous & if market is too choppy than it will not triggered.

if someones know how to ignore false signal in big trend day than he may be successful but he have to designed some money management strategy also

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  #62 (permalink)
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Big Trend Day

The solution for this is to just follow the Trend on a Trend day. Don't take signals from it on a Trend day because it will Fade the market. Just get in on a Pullback and follow the Trend. You shouldn't need an indicator anyway on a Trend day.

In my opinion, it gives you more entries than you otherwise would have. Why do I say this? In "normal market behavior" it gives good signals. This includes the signal itself + 2nd Entries based on Low Volume Tap Backs to the levels it gives you.


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  #63 (permalink)
Europe
 
Trading Experience: Intermediate
Platform: NT, IB
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You know it was a trend day only after the fact, no? Or do you have certain criteria that indicate trend day within the first hour of the trading day?


StreetPreacher View Post
The solution for this is to just follow the Trend on a Trend day. Don't take signals from it on a Trend day because it will Fade the market. Just get in on a Pullback and follow the Trend. You shouldn't need an indicator anyway on a Trend day.

In my opinion, it gives you more entries than you otherwise would have. Why do I say this? In "normal market behavior" it gives good signals. This includes the signal itself + 2nd Entries based on Low Volume Tap Backs to the levels it gives you.



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  #64 (permalink)
Jackson + MS
 
 
Posts: 14 since Jul 2016
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Anyone using this on NT8? How is it working. Kinda moving away from NT7.

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