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How to detect short term directional bias on the ES (TICKS, TRINQ....)


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  #1 (permalink)
 brakkar 
Paris + France
 
Experience: Advanced
Platform: SierraChart
Trading: NQ
Posts: 69 since Feb 2014
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Hi,
since the ES is a stock Index future, I'm thinking of using any possible tool from the stock market to try to detect very short term intraday directional biases.

Here is what I'm thinking of using, please complete the list with what you are using:

- Correlation with NQ, YM
- TICK
- TRIN
- PUT/CALL ratio

Anything else worth using?


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  #3 (permalink)
 
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 hen322 
San Francisco CA
 
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brakkar View Post
Hi,
since the ES is a stock Index future, I'm thinking of using any possible tool from the stock market to try to detect very short term intraday directional biases.

Here is what I'm thinking of using, please complete the list with what you are using:

- Correlation with NQ, YM
- TICK
- TRIN
- PUT/CALL ratio

Anything else worth using?

I think it depends on what trading plateform you are using. I use Ninjatrader, and its OrderFlow+ really helps me. I use there Volumetric charts and the volume profile to see where the support or resistance is growing from certain price levels. It helps me alot during my scalping plays at the open.

I don't find the TICK, TRIN, or PUT/CALL ratios help me much. I use them to confirm that my charts are in sync.


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  #4 (permalink)
 brakkar 
Paris + France
 
Experience: Advanced
Platform: SierraChart
Trading: NQ
Posts: 69 since Feb 2014
Thanks Given: 30
Thanks Received: 39

Thanks, I was more looking for kind of "external" tools, not related to any direct price/volume analysis of the instrument in question.
Something like TICK, TRIN and the like....


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  #5 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 149 since Apr 2019
Thanks Given: 183
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brakkar View Post
Thanks, I was more looking for kind of "external" tools, not related to any direct price/volume analysis of the instrument in question.
Something like TICK, TRIN and the like....

dark pools. I never used it, but that's the only other external tool i can think of.


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  #6 (permalink)
 
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 TheShrike 
Bridgeport, Ct
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brakkar View Post
Hi,
since the ES is a stock Index future, I'm thinking of using any possible tool from the stock market to try to detect very short term intraday directional biases.

Here is what I'm thinking of using, please complete the list with what you are using:

- Correlation with NQ, YM
- TICK
- TRIN
- PUT/CALL ratio

Anything else worth using?

Advance decline difference and ratio


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  #7 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 149 since Apr 2019
Thanks Given: 183
Thanks Received: 278

What about the VIX. I used it today, I had it on a 1min chart with a 30sma. It worked great for me on reading my trades today.


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