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NexGen indicators and review (www.nexgent3.com)


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NexGen indicators and review (www.nexgent3.com)

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  #71 (permalink)
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Fat Tails View Post
I use a better volume indicator. I look for climax bars (wide range, high volume) that are followed by churn bars (narrow range, high volume), then a failed breakout from the range generated by the climax bar to signal a potential trend reversal.

Have you made some tests in order to assess which interval gives the most significant signals for the climax bars ? Also, how many signals like these do you find significant enough on average for an instrument like the ES or TF in a typical day ?

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  #72 (permalink)
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trendisyourfriend View Post
Have you made some tests in order to assess which interval gives the most significant signals for the climax bars ? Also, how many signals like these do you find significant enough on average for an instrument like the ES or TF in a typical day ?

When using better volume intraday there are two limiations

-> it does not give significant results for timeframes < 5 min
-> it cannot be fully used for the first ten bars after the open

This means that you can start using it on a 5 min chart after the initial balance is completed. On a 15 min chart it is difficult to use it during the morning session.

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  #73 (permalink)
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Fat Tails View Post
You hit that nail right on its head. I use some elements for my trading, which are comparable to the NEXGEN approach

- A MACD type oscillator (cmp. MACDBBLines)
- Keltner Channels (idem)
- trendfilters (cmp. large and small trigger lines)
- fibonacci confluence zones

So the method is somehow similar, but I do use two elements that I have rarely found on their charts

- volume analysis (climax bars, churn bars, low volume bars)
- spread analysis ( narrow range and inside bars)
- floor pivots and support and resistance created by expansion bars

It is just a question, which elements you select and how you put them together.

Here is a question to ponder: between the 'system' and the 'trader', how do you think that each contributes to profitability (e.g. percentage)? 80% system/20% trader? 20% system/80% trader? 50/50?....Do you think that a more sophisticated system (i.e. more indicators, better indicators) is the key to profitability? Or do you think that a better trader is the key? The answer should guide the priorities.

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  #74 (permalink)
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ibiscmllc View Post
Here is a question to ponder: between the 'system' and the 'trader', how do you think that each contributes to profitability (e.g. percentage)? 80% system/20% trader? 20% system/80% trader? 50/50?....Do you think that a more sophisticated system (i.e. more indicators, better indicators) is the key to profitability? Or do you think that a better trader is the key? The answer should guide the priorities.

Do you think that it takes a excellent driver or an excellent car to win a Formula 1 race? I think the result will depend on both driver and car. It is not the sum of car and driver but the product of both that makes up for success.

Trading systems are like organisms that feed on the behaviour of other traders, so they need to be sophisticated, as they need to be both adaptive to ever changing market conditions and robust. Too many indicators can actually produce the opposite.

But a good trading system can be bought or put together quickly. You cannot easily buy the knowledge and experience to operate it, so the training of trading skills should be the focus.

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  #75 (permalink)
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Hello,

I am searching a volume analysis/indicator to add to Nexgen methodology... Anyone has an idea by any chance?

Thanks a lot.

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  #76 (permalink)
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I've had T3 for about 4 months now. Just wondering who else is using T3 and what have they done with it, maybe swap ideas.
Perhaps what others think of it as well. (all things considered)

-Thanks!

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  #77 (permalink)
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What is different from a nexgen T3 and a normal Tilson T3?

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  #78 (permalink)
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Big Mike View Post
What is different from a nexgen T3 and a normal Tilson T3?

Mike

Nexgen is the name of the company, T-3 is some is an education and an indicator package. It auto generates
Fibonocci lines as well as a few other indicators.

I've never heard of Tilson (you could explain some more

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  #79 (permalink)
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Mrmichaelzz View Post
Nexgen is the name of the company, T-3 is some is an education and an indicator package. It auto generates
Fibonocci lines as well as a few other indicators.

I've never heard of Tilson (you could explain some more

Oh sorry, I've never looked at their products so just assumed (incorrectly it seems) their T3 was related to what is commonly called the T3 moving average.

Attached is T3 for NT.

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Attached Files
Register to download File Type: cs T3Average.cs (10.2 KB, 85 views)
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  #80 (permalink)
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I see there are several users of NexGen T3. Can someone please tell me what the MACD and Bollinger settings are for the NexGen MACDBB?

Thank you, much appreciated,
Chuck

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