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If Think or Swim could display @Fat Tails Auction Bars, the most useful, most reliable, most elegant indicator I have ever seen...I'd display that as well. So, two indicators on each of two charts would be optimum.
Technically I have three but only count them as two as one is a tick counter since I like to only enter after bar is closed and I have 1 ema and swing levels printed on my chart.
I do add 4 horizontal lines and mark any other patterns I tend to see.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
I think the term "indicator" can have different meanings these days than it did even 10 years ago. At least to me it does.
Here is the "old" strict indicator meaning as far as I'm concerned.....
My main chart for a symbol has 12 things added to it. Two of these are on my Default template and are on every single chart I open. Which are.....A horizontal line at the current price and my Trade Plan for that instrument ...meaning the levels I am interested in.
Below we have my chart of ZF and its "indicators". The only thing I consider indicating something to me are the three instances of the Acme Volume Delta from Rancho Dinero, one of which you can see on the chart below the other two I don't look at and are hid. They color the bars at RTH and ON sessions at the HOD or LOD with Selling Divergences or Buying Divergences respectively.
Acme Session Volume Profile which organizes the volume at price and labels many different levels like the session High the VPOC the VAL/VAH, you get it.
I also have two VWAP's one for the session another for the week.
Then one called Time Slice that highlights the IB or first 60min of the RTH.
A volume counter for the current bar.
One called Innovative Ordering shown below in a video on CL with me turning on and off etc.
And lastly my tool for calculating position size, named Risk-Reward Meter.... you click the button labeled "LTs Plan" and draw your entry and stop etc.
So....
Line at current price
Trade Plan
Volume Delta Momentum (the one visible and also painting bars w/ Buy/Sell Divergences)
Volume Delta per bar (only for Buy/Sell Divergences)
Volume Delta per bar Trailing Delta (again only for Buy/Sell Divergences)
Session Volume Profile
VWAP session
VWAP week
Time Slice for the IB highlighting
Volume Counter for current bar
Order Entry
Risk Calculation
Ron
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
I want to test something. It's simple. Place some random lines on your chart prior to the day opening, and see if at the end of the day you feel like those lines were important (try to imagine they weren't random, but some expensive or complicated …
That says all statistical information, so it sounds all inclusive to me. Doesn't matter anyhow because its all voodoo. My favorite voodoo is the old 20EMA. 5m, 15m, 30m bars. Also volume profile. 1d and multi day ranges. HVNs only.