fs -
Here's a for instance for you. This is a 2-minute chart of the YM from April 28. The chart has a 8-period EMA on price, bar color based on closing above this EMA (+/-), MACD, Chaikin Oscillator, and BB Squeeze. Default settings for all indicators.
There were two squeezes triggered in the timeframe.
Squeeze 1:
- MACD crossover 3 bars before trigger
- slope on EMA went negative 2 bars before
- bar color changed 3 bars before
- Chaikin Oscillator peaked 7 bars before
Squeeze 2:
- MACD crossover 9 bars before trigger
- slope on EMA went negative 9 bars before
- bar color changed 12 bars before
Squeeze 2 shows an example of how in a choppy market, you would enter just before the market turned back up.
Some caveats: I don't really trade off of oscillators, so I may not be interpreting them properly. Also, my program may have a
greater than or equal rather than simply
greater than on the off chance that the Standard Deviation and the ATR is the same to umpteen decimal places. Finally, I ain't no programmin' genius, so Blu-Ray's or the TTM stuff may work better.
The two bar lag (minimum) is consistent across chart periods (min, ticks, volume).
