NexusFi: Find Your Edge


Home Menu

 





Dow indicator, Is there one?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Fat Tails with 3 posts (0 thanks)
    2. looks_two rexman00799 with 3 posts (0 thanks)
    3. looks_3 cory with 2 posts (0 thanks)
    4. looks_4 max-td with 1 posts (0 thanks)
    1. trending_up 7,583 views
    2. thumb_up 0 thanks given
    3. group 5 followers
    1. forum 11 posts
    2. attach_file 0 attachments




 
Search this Thread

Dow indicator, Is there one?

  #1 (permalink)
rexman00799
Cleveland, Ohio
 
Posts: 5 since Jul 2010
Thanks Given: 0
Thanks Received: 0

Is there an indicator available that tells how much the dow has moved from the previous day?

Thanks guys for all you generous help

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
MultiCharts
Better Renko Gaps
The Elite Circle
Trade idea based off three indicators.
Traders Hideout
REcommedations for programming help
Sierra Chart
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
29 thanks
Just another trading journal: PA, Wyckoff & Trends
25 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
23 thanks
GFIs1 1 DAX trade per day journal
17 thanks
  #3 (permalink)
 
max-td's Avatar
 max-td 
Frankfurt
 
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
Posts: 1,752 since Jun 2009
Thanks Given: 2,309
Thanks Received: 927


maybe you can explain a bit more, what you mean ?

max-td
Reply With Quote
  #4 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


rexman00799 View Post
Is there an indicator available that tells how much the dow has moved from the previous day?

Thanks guys for all you generous help

It would be pretty easy. Just substract close or settlement price from current price, if you want to know the move in points. Or divide current price by settlement or close, substract 1 and multiply by 100 to get the percentage move.

In the first place you should tell us

- what you want to use it for
- and how you want to display the results

I guess you do not want to show a line, which is moving parallel to price below the price panel?

Reply With Quote
  #5 (permalink)
rexman00799
Cleveland, Ohio
 
Posts: 5 since Jul 2010
Thanks Given: 0
Thanks Received: 0

OK, I'll explain a little better. I trade the S&P and Euro, but I want to use the dow as my leading indicator. How can I watch my S&P and Euro and have an indicator that lets me know if the dow is up or down by so much from the previous day?

Reply With Quote
  #6 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


rexman00799 View Post
OK, I'll explain a little better. I trade the S&P and Euro, but I want to use the dow as my leading indicator. How can I watch my S&P and Euro and have an indicator that lets me know if the dow is up or down by so much from the previous day?

Where do you want to display it? Do you want a line in your chart? Do you want a box that goes green and reads +0.20%? Do you want a ratio to know whether it has moved more that the S&P? Do you want to display a spread? If you just tell us

"I want an indicator that lets me know ..."

nobody can answer your question. You need to tell us what you are looking for precisely.

Reply With Quote
  #7 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,611 since Aug 2009
Thanks Given: 11,336
Thanks Received: 2,744


rexman00799 View Post
OK, I'll explain a little better. I trade the S&P and Euro, but I want to use the dow as my leading indicator. How can I watch my S&P and Euro and have an indicator that lets me know if the dow is up or down by so much from the previous day?


Actually, the Dow is not normally the leader.
The Dow is 30 stocks while the S&P is 500 (including the 30 Dow).

But, why not open a daily chart of the Dow and visually look at it???
Green candles = up day
Red candles = down day.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
  #8 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


rexman00799 View Post
OK, I'll explain a little better. I trade the S&P and Euro, but I want to use the dow as my leading indicator. How can I watch my S&P and Euro and have an indicator that lets me know if the dow is up or down by so much from the previous day?

Quote.com - Your Source for Financial Markets Quotes, Charts, News and Education

Reply With Quote
  #9 (permalink)
rexman00799
Cleveland, Ohio
 
Posts: 5 since Jul 2010
Thanks Given: 0
Thanks Received: 0

..Actually, yes. I want to be able to have an existing indicator on my screen, (+60, -80)- however if there is nothing like this available it is what is simply is.

Thanks for the help

Reply With Quote
  #10 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102



rexman00799 View Post
..Actually, yes. I want to be able to have an existing indicator on my screen, (+60, -80)- however if there is nothing like this available it is what is simply is.

Thanks for the help

If you show us a screenshot of that indicator, we might be able to reproduce it.

Reply With Quote




Last Updated on August 4, 2010


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts