Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Thanks Airsoftor, those are also great indicators. One of the fantastic things about trading is that everyone has a idea which combination of indicators work best for them in trading, and often their opinions change and evolve overtime with experience. BloodHound isn't a single indicator per-se, but allows you to combine the readings of many indicators together (as well as many other factors) to achieve a custom designed signal for yourself.
Think of it like a programmable signal. It evolves with you as you evolve.
Let's say for example you needed to see a conditions for these 3 indicators, like the MACD slope agreeing with the direction you intend to trade + the MACD Diff histogram above/below a 0+ price above/below the Parabolic SAR for the last 5 bars. You could "program" this condition in BloodHound and it would mark your chart up with instances where these three indicators all exhibited these conditions simultaneously.
Then say, in a few days you decide to switch it up and tweak the criteria for your Parabolic SAR, say making it the last 4 bars, plus you wanted to introduce another criteria using an entirely different indicator. You can switch it up quickly in and BloodHound would re-calculate your new signals in realtime.
If the MACD Historgram, Parabolic Sar and MACD's were paint brushes, BloodHound is like a canvas.
(For one thing I don't have the money and I have no doubt its an awesome indicator that I would never figure out. I also found Adaptive Moving Average - Double Smoothed rocks. For momentum and diection I sometimes us Slow moving average)
If you want to participate in the journal contest, you will need to post a link in this thread to your trade journal on futures.io, so people will be able to follow you there.
(You don't need to be in the journal contest to receive the free license.)
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote