Joseph Trend Index (JTI)

[gedibella]

Does anyone use this? Can anyone suggest ways to best use this with other tools? The manual suggests it as confirmation of the xtl. Jti seems to show a trend later than xtl? Other times, when xtl shows black, Jti shows a mild trend.
Possibly useful for showing "congestion"/low volitility? Thank you, Gawdib

[fabrizio]

Gawdbid,

I'm used to use heavily TJTI togheter with the TJ Optimized bands (the latter available only in CQG but actually a strenght coloured Keltner channel) to find out a further exit confirmation and/or to have a confirmation of the weakining of a movement.

Set on short and fast is an interesting osc. .

IMHO should be used as Xref with others tools , or sometimes as a faster reacting than the 5/17. Very Seldom alone.

Either don't hurt anybody or brake anything : helpfull.

Fabrizio

[TomJoseph]

JTI to XTL

Hi folks,

I developed both the JTI and the XTL.

In my trading experience, the XTL is much easier to use and more accurate than the JTI.
After using the JTI for several years, I saw the need to improve the trend detection capability
and the result of that was the XTL.

I still use the JTI once in a while, but I have become to rely on the XTL more and more.

Under Trading Strategies, I have started a thread "Using XTL for emini Trading". Please check it
out for more examples. I have also included stocks in this discussion as well.

Thanks
Tom Joseph
eSignal - Advanced GET

[MR]

(Just providing here a little background information on JTI)

Joseph Trend Index

The Joseph Trend Index (JTI) is a dynamic mathematical model that can be used to identify the Trend of the market, the direction of the Trend and the strength of the Trend.

Of all the studies in Advanced GET, the JTI has the most complex routines and takes the most time to calculate.

The JTI also uses the same algorithm for all markets and all time frames (such as daily, weekly and monthly).

The JTI calculates a Trend Index value which can be set to track the short-, medium-, normal- or long-term Trend of the market.

If the Trend Index Value is greater than (30 to 50), the model classifies the market as trading in an Uptrend. If the Trend Index Value is less than (-30 to -50) the model classifies the market as trading in a Downtrend.

There are times when a market fails to generate a Trend Index Value; these are usually seen during extreme congestion periods.

The JTI is very different from studies such as the DMI. It uses a proprietary correlation routine that calculates the Trend Index.

The primary objective while designing the JTI was to create a study that kept one from taking positions against a major trend. Historical testing indicates that JTI handles this very well.

The added bonus is its ability to act as an early warning study both prior to a break out of the Trend and at the end of a Trend.
The JTI is an older study in the Adanced GET program. The newer XTL study has the same basic goals and principles as the JTI, and does it without having to add another study to your chart, taking up additional space. We recommend using the XTL over the JTI, but for those who would like to use the JYI, here is a brief explanation.

How JTI Can Be Used

1) The JTI can be used as an early warning signal to identify the beginning stages of a Major Trend.

2) The JTI can be used as an early warning signal to identify the end of a Major Trend.

3) The JTI can also be used as a non-biased and objective tool for adding positions on interim pullbacks during a confirmed strong Trend.

4) The JTI provides a mathematical model that classifies Trend Strength, and keeps one from initiating trades against a Strong Trend while the Strong Trend is still in progress.

Please Note: Since the JTI is slightly non-conventional, and because it is a two dimensional display (direction and strength), some users may find it hard to grasp the concept.

The only way to overcome this is to work with historical data repeatedly until you become familar with the JTI study.