Momentum vs Non-Momentum

[brownsfan019]

I'm sure some combo's of indicators may 'work' but they all will lag, which is what I was commenting on with Walter's initial post. There's no such thing as a leading indicator when it's based purely on past price action. Again, I'm not saying that ADX, RSI, etc can't work, just saying that you will see a lag purely based on what/how the indicator interrupts and presents information.

[walterw]

In terms of indicators, they are a derivation of price... so yes they will always lag...

what an indicator can do for you is what a satelital nav on your car can do when you are traveling... make your journey more easy and tell you where you are...

the nav its not the road... but it shows you where you are...

For example today, this outerbands tell us clearly the type of day we are having...

and yes, I still dont get a decent flip ¡¡¡ there is no momentum... we cycle back and forth between bands, wich is a nice reason I am developing the "cycle" trade wich I will soon present... cheers Walter.

[cooter]

Volume leads price, so an RSI of delta tick volume should indicate where price is headed....or should I say, MAY be headed....

[walterw]

	Quote:	cooter
	Volume leads price, so an RSI of delta tick volume should indicate where price is headed....or should I say, MAY be headed....

Cooter : can you share a chart ? would be nice to see... thanks Walter.

[cooter]

	Quote:	walterw
	Cooter : can you share a chart ? would be nice to see... thanks Walter.

Yep, I'll try to get one off my trading computer and upload it here.....

[cooter]

Here's a pic....RSI of Tick Delta Volume, as promised....to get the resolution, CLICK to ENLARGE:


Zeroline crosses and RSI peak divergence are the key signals with this....

[walterw]

Cooter : nice chart... do you trade es?

[cooter]

Yep. But mainly I use it as my anchor chart for trading the ER2. Works like a charm.

Twice the $$$ and half the pain.

Some folks scalp for ticks. I scalp for full cents instead.

[walterw]

So Cooter that is a volume delta diferential ? and you applied to it an rsi.. what rsi input ? just curious... thanks Walter.

[cooter]

Pick an RSI value and try it yourself....or better yet, look CLOSELY at the pic - assuming you enlarged it to begin with - and you'll find your answer.