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I've only looked at the ES and NQ; both seem to be pretty good with this setup.
Has anyone coded the 'Momentum' indicator in NinjaTrader to display like the V.02 Force index, where the line is green above the zero line and red below the zero line.
Also has anyone looked at the TradeBiasSelector for Boomerang?
The force index indicator for NT6.5 is available in the thread "Perry's Trading Platform" or you can do a global search in futures.io (formerly BMT) there are several copies of this indicator.
Actually the force index he has is not exactly the same as what is shown on the indicator whererhouse site. I think perry is using a type of force index introduced by Dr. Elder.
Just curious, I'm reading a few threads regarding the boomerang and how we can "try" to mimic the set-up. But, just wondering, why not purchase it? doesn't really cost that much in my opinion, considering the time spent on tweaking & coding some indicators to match the original Boomerang.
Or am I missing something here.
I would rather spend and get the Boom set-up than spend hours/days/weeks in trying to get our charts to look like the Boomerang. The time saved when you buy the Boomerang can go towards actually learning it and back testing it....
Everybody knows you can't make money with a $325 strategy.
So I think the idea here is learn something in trying to mimic it, and not simply mimic it to use it and make money with it, because you're going to be rich with this.
I've heard some good thing about the boomerang or whatever it's called: from some research and looking at the boomeangtrader website, which has their charts up I have been able to match their settings.
The Setting for the Force Index is some other indicator I can't seem to match but Perry's version setting seems close enough!
The Setting for the Trade Bias Selector (what a joke) Is the just MACD set to 8/25/7 with the Average line hidden.
Looks like the wanker is selling this package for like $500 with some other indicators....how can the piker sell the MACD, i mean the Trade bias selector for so much money?
Now, they do have special trend bars and arrows..but seems to me it is not needed as you take the trades if the bar is below the MA's anway...forget the arrows.
So again....it's all based on normal indicators and just a moving average strategy like buy above the MA's and sell below them.