[retrace]

Hey I need some help from all you traders.

I went to a website called wallstreetwebinar

They have what looks to be a really good market timing indicator.

One of the charts on the site actually shows the indicator and I was hoping that
we as a group could reverse engineer the indicator.

The great thing is that the indicator is from Stockcharts.com so it should not be
to hard to figure it out.

My only thought at this time is that the indicator is actually following the VIX index
and not the S&P .

Any help would be great.

Retrace

[khamore1]

Originally Posted by retrace »

Hey I need some help from all you traders.

I went to a website called wallstreetwebinar

They have what looks to be a really good market timing indicator.

One of the charts on the site actually shows the indicator and I was hoping that
we as a group could reverse engineer the indicator.

The great thing is that the indicator is from Stockcharts.com so it should not be
to hard to figure it out.

My only thought at this time is that the indicator is actually following the VIX index
and not the S&P .

Any help would be great.

Retrace

You’re asking us too much, we are only traders not engineers

[MightyMouse]

Originally Posted by retrace »

Hey I need some help from all you traders.

I went to a website called wallstreetwebinar

They have what looks to be a really good market timing indicator.

One of the charts on the site actually shows the indicator and I was hoping that
we as a group could reverse engineer the indicator.

The great thing is that the indicator is from Stockcharts.com so it should not be
to hard to figure it out.

My only thought at this time is that the indicator is actually following the VIX index
and not the S&P .

Any help would be great.

Retrace

It wouldn't be for sale if it was worth the time to reverse engineer it.

[Tams]

Originally Posted by retrace »

Hey I need some help from all you traders.

I went to a website called wallstreetwebinar

They have what looks to be a really good market timing indicator.

One of the charts on the site actually shows the indicator and I was hoping that
we as a group could reverse engineer the indicator.

The great thing is that the indicator is from Stockcharts.com so it should not be
to hard to figure it out.

My only thought at this time is that the indicator is actually following the VIX index
and not the S&P .

Any help would be great.

Retrace

if you can pick the top and bottom, you have a unlimited bank machine.
why bother going through all the trouble to set up a website and conduct webinars?
so that you can deal with greedy noobs who are broke and wants everything but do not want to pay for anything? LOL
yes, I am talking about you. yes you... who is a noob and broke and do not have any money and wants everything but do not want to pay for anything by reverse engineer whatever fruits of labor others have to offer.

I can tell you, because I have first hand knowledge, when people post a chart, they don't show you everything for free. They would erase some pertinent info, hide some key points, or move data around to confuse you. You would be wasting your time trying to reverse engineer some impossible task.

ps. most vendor would cherry pick ONE section of the chart that WORKS, and post it for you to drool on. If you apply the same indicator to one month's worth of data, you might find 10 false signal for every 2 good ones. LOL. but most people would dwell on the good section of the chart and blind to the bad signals... we see what we want to see. Enjoy.

[mitsubishi]

Picking a top or bottom is a little easier than most people would have you believe IF you are looking at a price zone rather than an exact price.This would apply more particularly to swing trading.
One of the great problems for new traders is the fact that there is an art to trading that is to do with instinct which is a direct product of experience.This statement must be true unless it can be proven that trading is a science.
Neither instinct nor experience can be taught,bought or sold.
As to reverse engineering,most price swings above the level of noise are mathmatical and can be spotted in hindsite analysis.However,another problem arises.Going over historical charts in order to devise a strategy does not entirely solve the problem.And that is because the mathmatical probabilities are several in any given timeframe due to context.
It is difficult for a new trader to understand context beyond such things as ATR VIX trend and economic cycle/background.
Could probably write a book about this one day,but consider this concept regarding context- time. If price hits a resistance level early in the session rather than,say the last 5 minutes,what is the (possible) difference in implication regarding time and the next possible move?
But the biggest problem a new trader faces is that,while there is some usefull information out there,most of it is useless,and the last few pieces of the puzzle must come from the trader himself.That means hard work and 1000's of hours -hence the number of vendors out there.
The instinct gained in several years of trading,both bull and bear markets,is one thing.The instinct for greed,easy money and short cuts is another.
At some point you will realise and accept which category you fall in.ultimately only you can answer that.

[Obsidian]

do not believe any indicators unless you see it in real time. some indicators do re-paint so they look great on historical charts but they are crap when it comes to live trading...

[Marubozu]

It could be reversed engineered. But like the comments said, picking a top or a bottom of a market is very difficult and its likely to be a marketing ploy any way.

Why so harsh on the new guys, its a fair question.

I would suggest lots of study and reading and start to develop your own ideas about the market, price action, etc, you never really trade the market.. you trade your ideas about the market.

[jdevron]

Originally Posted by retrace »

Hey I need some help from all you traders.

I went to a website called wallstreetwebinar

They have what looks to be a really good market timing indicator.

One of the charts on the site actually shows the indicator and I was hoping that
we as a group could reverse engineer the indicator.

The great thing is that the indicator is from Stockcharts.com so it should not be
to hard to figure it out.

My only thought at this time is that the indicator is actually following the VIX index
and not the S&P .

Any help would be great.


Retrace

Notice the date on the chart is March 2009, during the one of most volitile times in history, when the market bottomed. This chart is defintely cherry picked. It doesn't show how it is working under current market conditions. I doubt the indicator works well in periods of low volatility. Just wait for the next big crash then try to catch the upside rebound (assuming there will even be one this time round). The timing is so slow it might be useful to an investor but an active trader wont wait years between trades. If I had to guess, I'd say it might be a variation of money flow on a slow time frame. Unless the vendor is willing to show all the history performance prior to a couple months ago I wouldn't spend any more time pondering its effectiveness.