What is your top technical analysis indicators you like to rely on which are predictable? Do you rely on level 2 data? Do you use options or futures data to make prediction calls for spot market assets? Tell me more. Thanks Bryan P.S. Some interesting answers have already come in at my Facebook programming group:
Only two of us were on a webinar which ended up being 6.5 hours
long. This has been my longest online conversation in many years. A new proven
strategy was finessed into something with huge potential. Don’t expect this to
be shared at all but I do plan to pursue this. It was quite a pivotal event
I cannot stress that when you choose not to be involved in
something, you definitely miss out.
Humans have shown to have great weaknesses sometimes. Running multiyear
businesses has shown me this.
NOTE I now post myTRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
I have a new strategy being tested with 3 exit levels and automated stop loss. I am testing with decent entries and huge up potential. This should fix as an insurance policy for downward trends or negative whip saws. Want to learn more how to do this?
I posted this video below which got some useful comments on ADX sine wave and Hilbert Transform
I always asked myself why the ADX period is mostly 14 ? No answer really clearly satisfy me, I tried may be as a dummy trader to see what it could give if I change it into 10, thinking that if 2 weeks are 14 days but the working days make 10 days… And so far it seems to give better entries, any further clarification on this ? Thanks
ADX measures volatility, which is the difference between -DI and +DI. When the directional index’s difference grows and + or – is above the other, it indicates that new highs or lows are being made within the given period length. When the price goes down, -DI will go up and +DI will go down, and the longer it continues downwards, making new lows as it goes, the difference between +DI and -DI grows and grows. The ADX is the average between these 2 lines, or rather, “the average of DX”. That’s why it looks bizarre to you as it doesn’t do what you thought it would. ADX is a good indicator for distinguishing strong and weak trends from each other; the higher the ADX value is, the stronger the move in one direction is. If price bounces the other way, ADX will start to dip, and if the prices are really choppy/sideways, the ADX values might be low. About Hilbert’s sine wave: it measures sine wave values from the price data. These waves do not correspond the price direction in any way. It’s simply a measurement for sine-wave’s phases and shit. Phases start when sine crosses the zero-line UPWARDS, and it ends when it crosses it upwards again. And please stop using histogram bars on every indicator… Makes my eyes bleed. Better get used to them lines instead, much easier to read as well!
am not seeing any PnL with crypto positions within MotiveWave and Binance? Is
it volume related? It is doing ok in the FX/CFD space. I opened a bunch of new
pairs based on my reports. I am hoping to see some PnL even if it is negative.
I got back some useful study indicators too look into:
What are your favourite trading indicators that seem to work?
MAMA <— accurate
eforce <– false positives with too high commissions fees
aroon <— lags a tiny amount
Fractal Adaptive Moving Average <– accurate like MA cross for buy/sell
https://www.motivewave.com/studies/reversing_macd.htm <— quite accurate
vidya1<– accurate like MA cross for buy/sell
vidya2<– accurate like MA cross with most markers are on but some lag
auto elliot wave <—might work but need to play with it
RSI divergence <— lags