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New Indicator That Actually Works
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New Indicator That Actually Works

  #1 (permalink)
Trading Apprentice
Denver, Colorado
 
Futures Experience: Advanced
Platform: NT8
Favorite Futures: ES YM NQ CL
 
Posts: 36 since Aug 2014
Thanks: 0 given, 29 received

New Indicator That Actually Works

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I was recently introduced to an indicator that for the last two weeks has been producing great results intraday swing trading on the ES, and can also be used for just about everything else. I've tested it live on the ES, 6E, 6J, and 6A with great results.

NOTE; I am not associated with this vendor in any way.

The indicator to which I'm referring was introduced to me by a friend who uses indicators while day trading the futures ES, CL and YM. I don't use any indicators and haven't for over 6 years, but this indicator has changed my friend's trading from struggling to profitable; naturally I was curious.

The indicator is called the PI Oscillator from Precision Trading Systems, run by Roger Medcalf.

The first month can be trialed for $75 USD and only minor adjustments will be needed to get the indicator to run properly; you'll want to adjust Days To Load to 25 or so, so that the indicator will be able to run and produce signals.

You'll want to use the 15m, 30m, and 60m time frames since they seem to produce the most accurate results. Last week alone, even after missing several signals, I was up 17 points in the holiday shortened week on the ES and up on the currency futures as well.

You'll want to use it during Regular Trading Hours (RTH), and use two contracts; take profit on one contract at +1.5 points or so, then let the second contract run in an attempt to catch the opposite signal at which you'd take profit. (Admittedly this is tough to do; consider trailing a stop to lock in gains). On the second contract you could let the trade run as in an intraday swing trade with a Break Even (BE) stop.

I'm an old school trader and never trusted or liked indicators, but this one apparently is producing gains for my friend and has turned his trading profitable over the last month, averaging quite a few points a week, plus for me it showed gains right away. My friend is stating that the PI-Oscillator has "given his trading career new life", and it's been good to me too, so I can see why he's happy with it. Dealing with Roger Medcalf has also been easy and pleasant, refreshing in this day and age of vendors.

It's refreshing to see something that actually produces positive results, and my back testing for the last 2 years shows this. If you are struggling the PI-Oscillator might be the way to go, just be sure and follow Roger Medcalf's advice on the Precision Trading Systems website.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
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Somewhat agree.

It is not for the scalper and yes, best used on 3-4 markets per day. Can you sit in front of a screen for 7-9 hours per day to take advantage of longer-term intraday swingtrading?

A filter or two (confirmation of move) and if you are trading diversified instruments you could make a method out of this.

I'm not a 6-8 hour per day trader (my max is 2 to 3 hours per session) and only can really concentrate on one market at a time and use smaller timeframes (2 minute/5 range etc.).

Good luck!

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  #4 (permalink)
Elite Member
St. Petersburg, Fl
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: ES,NQ, YM, CL,6E
 
ollie's Avatar
 
Posts: 183 since Apr 2010
Thanks: 23 given, 179 received

Interesting

Hello,

I looked at the website, and he has some very interesting indicators.

Would it be possible for you to post a couple of more charts with the PI indicator.

I love Pie as well.

Thanks

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #5 (permalink)
Elite Member
Reno, Nevada
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZN, ZB, FDAX
 
phantomtrader's Avatar
 
Posts: 167 since May 2011
Thanks: 13 given, 233 received

The charts at his website are from 2011. Are you sure that's a new indicator? Looks very much like a simple RSI on a 10 minute chart.

Attached Thumbnails
New Indicator That Actually Works-es-03-18-10-min-1_21_2018.jpg  
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  #6 (permalink)
Elite Member
Darwin
 
Futures Experience: Advanced
Platform: Ninjatrader
 
Posts: 52 since Sep 2009
Thanks: 54 given, 26 received


Krav69 View Post
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

I was recently introduced to an indicator that for the last two weeks has been producing great results intraday swing trading on the ES, and can also be used for just about everything else. I've tested it live on the ES, 6E, 6J, and 6A with great results.

NOTE; I am not associated with this vendor in any way.

The indicator to which I'm referring was introduced to me by a friend who uses indicators while day trading the futures ES, CL and YM. I don't use any indicators and haven't for over 6 years, but this indicator has changed my friend's trading from struggling to profitable; naturally I was curious.

The indicator is called the PI Oscillator from Precision Trading Systems, run by Roger Medcalf.

The first month can be trialed for $75 USD and only minor adjustments will be needed to get the indicator to run properly; you'll want to adjust Days To Load to 25 or so, so that the indicator will be able to run and produce signals.

You'll want to use the 15m, 30m, and 60m time frames since they seem to produce the most accurate results. Last week alone, even after missing several signals, I was up 17 points in the holiday shortened week on the ES and up on the currency futures as well.

You'll want to use it during Regular Trading Hours (RTH), and use two contracts; take profit on one contract at +1.5 points or so, then let the second contract run in an attempt to catch the opposite signal at which you'd take profit. (Admittedly this is tough to do; consider trailing a stop to lock in gains). On the second contract you could let the trade run as in an intraday swing trade with a Break Even (BE) stop.

I'm an old school trader and never trusted or liked indicators, but this one apparently is producing gains for my friend and has turned his trading profitable over the last month, averaging quite a few points a week, plus for me it showed gains right away. My friend is stating that the PI-Oscillator has "given his trading career new life", and it's been good to me too, so I can see why he's happy with it. Dealing with Roger Medcalf has also been easy and pleasant, refreshing in this day and age of vendors.

It's refreshing to see something that actually produces positive results, and my back testing for the last 2 years shows this. If you are struggling the PI-Oscillator might be the way to go, just be sure and follow Roger Medcalf's advice on the Precision Trading Systems website.

What time frame is the chart in the picture?

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  #7 (permalink)
Trading Apprentice
Denver, Colorado
 
Futures Experience: Advanced
Platform: NT8
Favorite Futures: ES YM NQ CL
 
Posts: 36 since Aug 2014
Thanks: 0 given, 29 received

The chart in question is on the 5M timeframe, although I do mostly 15M, 30M, and 60M.

I know it looks like a Stochastic of the garden variety, but Roger Medcalf has baked in 439 mathematical equations and almost a dozen indicators to produce the PI-Oscillator, so it's got a little something for everyone, it would seem. What is in it is listed on his website at Precision Trading Systems, and I think might be just a partial list.

I'll try to post more pictures later in the week when things calm down at my house (kitchen renovation noisy as hell and killing my trading).

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  #8 (permalink)
Elite Member
@ Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: FDAX
 
Posts: 445 since Nov 2011
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Krav69 View Post
... but Roger Medcalf has baked in 439 mathematical equations and almost a dozen indicators to produce the PI-Oscillator,...

LOL @Big Mike I think it's time to close this thread

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  #9 (permalink)
Elite Member
New Brunswick NJ/USA
 
Futures Experience: Intermediate
Platform: NT7, NT8
Favorite Futures: NQ, CL, GC, NG
 
Posts: 53 since Aug 2014
Thanks: 34 given, 44 received

Precision Index Indicator: Time Frames / Back test Results?


Krav69 View Post
The chart in question is on the 5M timeframe, although I do mostly 15M, 30M, and 60M.

I know it looks like a Stochastic of the garden variety, but Roger Medcalf has baked in 439 mathematical equations and almost a dozen indicators to produce the PI-Oscillator, so it's got a little something for everyone, it would seem. What is in it is listed on his website at Precision Trading Systems, and I think might be just a partial list.

I'll try to post more pictures later in the week when things calm down at my house (kitchen renovation noisy as hell and killing my trading).

Hi Krav69,

Thank you for the heads up on the Precision Index Indicator. As a matter of fact, I 'bit the bullet' and subscribed for the $75, 1-month trial version. Will update here on what I discover. I intend on backtesting this using either NinjaScript or Bloodhound.

In any case, am just curious, when you say that you use 15-min, 30-min, and 60-min charts, how do you decide which chart to use for trade entries? Or do you wait for some sort of confluence between the charts? I also noticed that Roger's chart examples on the site are either 10-min or 15-min charts. Lastly, if you don't mind, can you please share your 2-year backtesting results?

Regards,
Ricardo


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  #10 (permalink)
Trading Apprentice
Denver, Colorado
 
Futures Experience: Advanced
Platform: NT8
Favorite Futures: ES YM NQ CL
 
Posts: 36 since Aug 2014
Thanks: 0 given, 29 received


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15M ES today

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