[SVGuss]

Originally Posted by Eric Johnson »

Stocastics are useful, but due to them flattening at peaks, I find them needing more precise timer indicators.

That's why I use williams percent range and 1 and 99 as important levels, not 20 and 80 - that way it formally does not "stick" to the extremes (0 and 100) much...
Which indicator you believe is more precise? I'm too busy now trading to look through all of the indies in this thread in detail - will do this during the weekend, but I guess it would be RSI?
I'm using a scalping system that is counter trend (1 hour MA envelopes on 1min charts) as opposed to your system in the first post (if I understood it correctly). The scalping though is not really scalping but finding an entry with a VERY small stop and a relatively long-term perspective (>120 pips). As part of that, I am looking for a good overbought/oversold indie for the entry to make sure that if my (small, <10 pips) stop is eaten, it is at least eaten with a reason.

[Eric Johnson]

It sounds like you have a good idea of what you are filtering for. The tools to use depend so much on your application, like are you trading an instrument that generally oscillates or trends? That is why I included specific currency pairs that back tested/traded well with the tools selected.
Each of the fast oscillators are usually paired with a slower market condition filter. I guess looking through the pictures will be a good place to narrow in to an application that will be of use. For every indicator presented much development went into it's application. The idea of the ALR (assumed level of return) is worth considering if it is new to you. Anyhow, hope treasure hunting is enjoyable.