YungTrader's Ultimate Indicator

[YungTraderFromMontana]

@YungTraderFromMontana Last question from me. Your current chart is set for 2 days that you link. Should I also with that new scan you post set it to 2 days and when do you typically hit the scan button, like before market or when market is closing or mid day etc?

You can't scan for 2 days unfortunately, I scan at around10-11 and at 2-3.

 

[manishji]

how do u read that ECI Gaussian Indicator ? can you please explain what are clouds for and which way is suppose to breakout.
Thanks

 

[YungTraderFromMontana]

how do u read that ECI Gaussian Indicator ? can you please explain what are clouds for and which way is suppose to breakout.
Thanks

I'm still trying to study it myself. It is promising though.

 

[manishji]

I'm still trying to study it myself. It is promising though.

I googled but not finding anything detailed

 

[HSI1600]

you can simply use it to filter out trades by only trading when the er is higher then ave. My best advice on any indicator is just go back in time and look at lots of previous data. Look at how price is correlated to er. That will get you the best idea of how to use it.

@YungTraderFromMontana - All three averages are a particular one?

 

[rovo]

did anyone get in on my gwb alert 2 days ago. I'm up big on it.

Are you shorting it? I looked at a chart and just see it going down.

 

[YungTraderFromMontana]

Are you shorting it? I looked at a chart and just see it going down.

ya

 

[YungTraderFromMontana]

@YungTraderFromMontana - All three averages are a particular one?

ave, I was just messing around with the others

 

[HSI1600]

For those who want to know more about Fractal Energy, there is a great video located on the following thread post #9.

 

[toopoor88]

@YungTraderFromMontana how do you make the scan for shorts?

 

[YungTraderFromMontana]

@YungTraderFromMontana how do you make the scan for shorts?

delete the hashtagged bearish scan and hashtag the bullish one at the bottom of the scan. Todays being an up day is a good day to take on shorts

 

[Craighaber71]

you can simply use it to filter out trades by only trading when the er is higher then ave. My best advice on any indicator is just go back in time and look at lots of previous data. Look at how price is correlated to er. That will get you the best idea of how to use it.

@YungTraderFromMontana ER above avg or all 3 averages

 

[HSI1600]

@YungTraderFromMontana ER above avg or all 3 averages

@Craighaber71 - Refer to post #333 of this thread

 

[Playstation]

What do er and ave mean?

 

[YungTraderFromMontana]

@captut did you hold on to TEAM?

 

[HSI1600]

What do er and ave mean?

@Playstation - ave = ExpAverage(ERatio, movingAvePeriod)

Efficiency Ratio (ER). Values of this indicator are interpreted by the strategy as follows:

• ER values being greater than both a lower threshold (crit level in the input parameters) and its own lowest value times a multiplier are read as an indication of trend development;
• ER values being greater than a higher threshold level (trend level in the input parameters) but lower than the maximum level are interpreted as strong trending conditions;

 

[Juston410]

Got in $ZOM at .25 and almost sold today right after markets closed. Was just wanting a little more pop then they came out with news and now its sitting around .32 and holding for P/M. Should be interesting lol.

 

[levenjohn]

is there a scanner for the daily golden arrow?

 

[captut]

@captut did you hold on to TEAM?

No, I didn't but I did make good money on it.

 

[captut]

MDB, TEAM, ADBE were good calls man. I f'ed up buy entering UNH. It was not a good setup but I got overconfident.