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Does someone have something élse than the basic trendindicators like parabolic, moving average?? Are there also any indicator or formula which is good for filtering away the consolidation periods???
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There are lots of samples builtin to eSignal to try, most need their parameters changed to fit your chosen timeframe. I am sad to see you dismiss parabolicSAR so quickly, I love it for dealing with trailing stops, but it did take lots of fiddling with before I liked it (I actually use 3 different sets simultaneously).
I mainly use multiple stocastics and Preferred stocastics and a little MACD and ADX as my primary filters to find a good trend. Just could not find 1 indicator that did the job by itself.
If you are ready for heavier stuff , here is a link I saved ( good variety of info here to explore)
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As I thought about the different types of indicators that are useful for identifying areas of congestion, I remember JasonK writing a very nice efs study that does exactly this. You may want to read through the following post and take a look at the Direction / Congestion EFS study. Hope this helps.Comment
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If you want to reduce congestion you should try volume or tick charts. Also indicators, IMHO, look a lot smoother.Comment
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Hi David,Originally posted by DavidZ
There are lots of samples builtin to eSignal to try, most need their parameters changed to fit your chosen timeframe. I am sad to see you dismiss parabolicSAR so quickly, I love it for dealing with trailing stops, but it did take lots of fiddling with before I liked it (I actually use 3 different sets simultaneously).
I mainly use multiple stocastics and Preferred stocastics and a little MACD and ADX as my primary filters to find a good trend. Just could not find 1 indicator that did the job by itself.
If you are ready for heavier stuff , here is a link I saved ( good variety of info here to explore)
http://forum.esignalcentral.com/show...2&pagenumber=2
When you say multiple stochastics, are referring to multiple interval stochastics or stochastics with deffenent period settings within the same interval.Glen Demarco
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