11-15-2010, 11:23 PM
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#2 |
Join Date: Oct 2010 Thanks: 0
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| Re: TTM Indicator tradestation has their version of this as a canned indicator now. Under 'Show Me' it is called 'Pivot High' & 'Pivot Low'; use a setting of 3 bars; it is the same thing. I have the TTM scalper indicator; it is just a swing point/pivot indicator in paintbar form. TTM has some good indicators, but there are some great open-source ones on this forum as well. Swingpoint indicators lag, even with a faster setting of 3 bars. They are useful for trend trading on medium to higher timeframes, but not worth much for scalping, etc.
Check out the Squeeze, CCI, etc from BluRay on this forum; they are really good.
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