to gauge a retracement against your entry, use the MACD with Bollinger bands. I know it's another indicator but if it helps you to systematically better handle a scary retracement then it's worth it.

TIYF-

Thanks for the post. Could you post the zip as I may be using a different version. Also a screenshot of your indicator settings. Thanks.

Andy in Charles Room

Trend, I download FT's new MACD BB indicator, but the setting is different from your post, here is screenshot, what is your setting? thanks

@wireford
Try these out. I think these are the settings Charles showed at one time.

thanks, Foreest, I got it , I use the new version.

supermht 

Trend, I download FT's new MACD BB indicator, but the setting is different from your post, here is screenshot, what is your setting? thanks

The link was in the top download sidebar in the download section:
https://nexusfi.com/free_downloads/ninjatrader-7/indicators/598-download.html

Regarding the settings, i have proposed mine which fits my tolerance but you may like to experiment with other values.

Mine can be one of these combos:
Fast = 8, slow = 18
or
Fast = 6, slow = 16
or
Fast = 12, slow 26 <-- standard settings

On a white background i like to use for the MACD Dots Rim parameter a light color such as LemonChiffon, it kinds of produces an anti-aliasing effect which makes the dots more clear.

good job, trend
but the one I download has no smooth setting

supermht 

good job, trend but the one I download has no smooth setting

Yes, i know. read this comment by FatTails the great: clickme

Did anyone find any good trades they liked today? For me, I only saw 2 that occurred back to back, around 3:16 or so. The first long trade I entered, but got an unGodly fill way up near the top of the bar, I closed that immediately and lost a tic on that one.

Then we moved back down and created a DB right on the 13 again. Unfortunately I was in a sense lulled to sleep by the first trade and didn't get it. This happened to me last week as well.

I did not trade CL today, although it was trending like a beast!

Maybe we don't need the 377t chart if we place a pending order at a key location. This way we lower our overall risk and increase our chance to hit our target and still respect the long term chart... just an idea!