Early detection of the volume clustering within a small price range along with observation of how the volume distributes over time and price are the basic purposes of this add-on
You have seen how Jane uses the Fibs for her trading and how effective they can be.In her teaching posts, she already has an effective way she has to be able to read Fib levels,and using that and ATR to judge where her SL and TP points ought to be,not only for the ES but most other instruments too.
Here are two indicators from nCat for Fibs lovers.
https://www.ninjacators.com/
nCatSmartFibonacci for NT7
Here are free(no education needed) nCat indicators and it combines the The Fibonacci Lines/Levels and the Fibonacci Bands on your chart.
The Smart Fibonacci tool is very customisable according to your own preferences.If you are a heavy Fibs user in your trading, this will be an excellent tool in your arsenal.It will make all your custom preferences in Fibonacci calculation very convenient for you.If you have followed Jane's teachings in the past,then you will know how powerful and predictable Fibs analysis can be.
The Smart Fibonacci tool contains two indicators in one; The Fibonacci Lines and the Fibonacci Bands.
It makes using Fibonacci numbers easier than ever before by automatically drawing them directly on your chart.
Basically all Fibonacci Levels between the high and low of the session are potential support/resistance levels which potentially can become turning points
Please note that you can also set audio alerts for any of the Fibonacci levels. This can be extremely helpful when waiting for price to cross a specific Fibonacci level for an entry or exit point.
It is also possible to calculate the Fibonacci Bands from any time frame. The calculation for Fibonacci Bands is completely independent from the chart you’re viewing. For example, you could view a 60-minute chart, but calculate the Fibonacci Bands from a 10-minute chart if you wished. This can be done through the indicator settings menu.
You can also choose to calculate the Fibonacci Bands from any of 10 different moving averages to fit this indicator your market and your style of trading.
nCatFibonacci Confluence Indicator for NT7
The Fibonacci Confluence Indicator can be used on ANY period and any market. It automatically calculates Fibonacci Ratios of Swing points over multiple time periods. It will calculate and plot on intraday periods as well as on End of Day periods.
All calculations are based on the Fibonacci sequence starting at 1 but are weighted to the common used and know numbers 23.6, 38.2, 50.0, 61.8 and 76.4.
Pdf help manuals for both Smart Fibonacci and Fibonacci Confluence are included in their specific zips.
The indicators have been uploaded to Sendspace.
nCatFibbsPack.zip (1.61MB)
Extract the two NT7 compatible zips from nCatFibbsPack.zip and import as per normal.
Download Page Link
https://www.sendspace.com/file/bxcb1x
Hi Eric
Thank you so much for this wonderful enlightening thread.
I did try in the past to use automatic indicators to display fib but they all failed or were far less than the true thing which is- do the fib yourself lol.
In my humble opinion you should run your fibs yourself- and its so easy with ninja ( compared to other platforms ).
Just hit F8 for retracements or F9 for extensions and thats it.
I do my fibs separately on each of my time frames, it takes seconds .
The biggest problem with all the auto fibs is that sometimes- in specific situations its hard to tell where the pivot is- the software cannot identify yhe real pivot and it gives you a wrong fib which is very annoying and deceiving.
Again- fib alone will not do the trick- you have to look for trendlines sup res etc.
I will definitely check these new indicators and if i see an advantage i will post back.
take care and thanks again
jane
you are absolutely correct- today the es was not easy- the market kept changing directions with a very low volume- so you have to adapt and stick and follow the market-
so this is what i traded this morning- long, shoshort , short,
then once i saw the double bottom and got confirmation i went long0 saw the double top got out - i totally missed that last short because it went so fast - within 2 seconds and i did not want to short at the bottom- end of the move.
but you can see that no matter what you can trade anything.
now- obviously this is not my entire system but its the heart- you need to watch higher time frames and decide where the market is going.
hope this clarifies.
jane
I like to trade 1,5,15 min but this system is to any tf.
The way I do it is very simple.
I have 4 monitors at home.and I put about 6 pairs of 5 min on all of them and save them as a workspace.Do the same with 15 min with 6 pairs and save it as a workspace.
Also for each pair ,let's say eur/usd I put 1/5/15/30/240 and daily and save it as a workspace.Now I look at 5 min with all pairs.If I see a pair with oversold,I switch to the pair itself with all the tf.So I look at one pair with all tf.I will never pull the trigger unless I'm happy with over bought/sold.If you save workspace than you can change from one spacework to another in 2 seconds.
More to come.
A number of forum members sent me pm's regarding links for these Glenn Neely workshops.
These are only two of dozens of Live@TAG workshops from: http://club.ino.com (formerly - http://tv.ino.com).
I will send links for the entire list of workshops below to anyone who pm's me their email addy - or I can give you mine (if that is allowed, I am not selling anything). They are secure private links so I can not post them here publicly.
Complete List of INO Seminars:
Abell & Koppel - The Day Trader's Advantage
Andrew Abraham - The Art of Successful Trading
Gary Anderson:
a) The Janus Factor
b) Successfully Evaluating the Offensive and Defensive of Stocks, Groups and Sectors
Max Ansbacher - Developing Your Own Options Trading Strategy
Gerald Appel - Construction & Application of the MACD Indicator
Richard W. Arms Jr. - The Arms Index, Equivolume Charting, Ease of Movement, and Volume Adjusted Moving Averages
Curtis Arnold - Pattern Probability Used in a Unified System
Tom Aspray - Avoiding Vegematic Markets, Don't Get Sliced and Diced by Choppy Markets
Robert Barnes - Timing is Everything, Three Powerful Methods for Matching Entry Strategy with Risk Posture
James Bianco - Using Fundamental Data in Technical Analysis
Tom Bierovic:
a) System Trading & Development with TradeStation
b) The Momentum-Retracement Method for Successfully Buying Countertrend Declines & Selling
John Bollinger - Constructing and Implementing Bollinger Bands (1996)
Mark Boucher - Slash Drawdown, Volatility & Risk While Improving Trading Consistency, Parts 1 & 2
Walter Bressert:
a) Controlled Trading
b) Commodity Cycles
c) Cycles,Patterns and Oscillators in the Stock Market
d) Daily, Weekly, Intra-Day Energy Patterns
e) Reduce Risk Using Cycles and Oscillators in the Futures and Stock Markets
f) Seven Techniques to Improve Performance
g) Trading Techniques to Buy Bottoms and Sell Tops
Bob Buran - The Derivative Oscillator
Andrew Cardwell
a) Back To The Basics
b) The Relative Strength Index Explained
Mark Chaikin - Find Big Winners Using Persistency of Money Flow
Tushar Chande:
a) Developing and Implementing Pattern-Based Trading Systems
b) Build Both a Trading System and a System For Trading
Pat Cifaldi - Volume Studies, the Financial Volume Index
Robert W. Colby - Finding a Trading System That Is Right for You
Larry Connors & Blake Hayward - High Probability Day Trading and Short-Term Trading Strategies
Mark Cook:
a) Avoiding Trading Mistakes
b) How to Lose Money Profitably
c) So You Want To Be A Professional Trader
Ian Copsey - Integrating Elliott Wave into an Analytical Framework
Toby Crabel - System and Portfolio Development with Long-Term Trading Strategies
John Crane - Time, Price and Pattern
George Dagnino:
a) Managing Your Investment Risk Using Business Cycles
b) How to Profit From the Strategic Use of Financial Cycles
Robin Dayne - Develop the Psychological Edge to Maximize your Trading
Robert Deel:
a) Strategic Analysis and Trading Tactics
b) Electronic Trading for the Year 2000 and Beyond
c) Electronic Trading, A Trader's Dream Is Now Reality (with Mark Seleznov)
Tom DeMark:
a) New and Exciting Market Timing Indicators (1995)
b) Exciting DeMark Indicators; Acquire the DeMark Edge
Joe DiNapoli:
a) Advanced Fibonacci Applications and the Price Axis
b) Applying Fibonacci Analysis to Price Action, Parts 1 & 2
Tom Dorsey:
a) A Game Plan for Investing in the 21st Century
b) Point and Figure Charting
Mark Douglas:
a) The Dynamics of a Trader's Mind-set
b) Finding and Maintaining Your Personal Trading Zone
John Ehlers - Rocket Science for Traders
Stan Ehrlich - Finding, Averaging and Forecasting Cycles in the Stock and Commodities Markets
Peter Eliades - Time Cycles
Mark Etzkorn - Pinpointing Market Extremes; Oscillator Myths and Truths
Nelson Freeburg:
a) Building a Mechanical Trading System from the Ground Up, Parts 1 & 2
b) Mechanical Timing Systems: The Key to Consistent Profits and Sharper Trading
c) Trading the Pankin Strategy for 30% Annual Gains and Low
Ed Gately - Designing Neural Networks for Financial Forecasting
Michael Gur Dillon:
a) Surviving Choppy Markets without Getting Whipsawed
b) Symmetry Wave Theory: A Better Way to Apply Elliott Wave Theory
John Hayden - Does a Holy Grail Exist and Should You Look for It
Adam Hewison: Determining Trends in Foreign Exchange Markets
Reinhart Jaenisch - Using the Techniques of Andrews (Pitchfork) and Babson
Ed Kasanjian - Pattern Smasher: A New Technique for Isolating Predictive Patterns in the Markets
Cynthia Kase - High Probability Trading: Engineering a Scientifically Enlightened Approach to the Markets
Perry Kaufman:
a) Developing a Multiple-Strategy Trading Program
b) Trending Techniques and System Selection Index
George Lane:
a) Self-Managed Trading with Stochastics
b) The Theory of Momentum Indicators and Lane’s Stochastic
Charles Le Beau:
a) Futures Strategies for Stock Traders
b) New Techniques Using Average True Range
c) A New Look At Exit Strategies
Robert Lees - Trading the S&P in 3D: How to use pH-Indicators to Trade US Stock Indices
Cornelius Luca - Enhance Profitability Using Gann Analysis and Candlestick Charting
Joel Marver - Market Profile: A New Way to Conceptualize the Market
Hal Masover:
a) The 200% Model: Investing for Inner and Outer Prosperity
b) Value Investing: King of Trading Methods in the Commodity Markets
Michael Mazur - Trading the Short-Term Volatility Breakout without a Mechanical System
Richard McCall - New Samurai Trading Secrets
Tom McClellan - The McClellan Oscillator and Other Tools for Predicting Market Direction
Robert McCullough - Trading the Equity Curve
Bill McLaren - Gann Cycle Analysis
Lawrence McMillan - Using and Trading Options, Parts 1 & 2
Brian Millard - Channel Analysis, the key to Improved Timing of Trades
Brendan Moynihan - Trading on Expectations: Pinpointing Trading Ranges, Trends and Reversals
John Murphy - Visual Investing, Returning to the Basics
Glenn Neely - NeoWaveTM: How to Take the Guesswork out of Elliott Wave
Tim Ord - Finding Tops and Bottoms Using the NYSE Tick Index
Steven Poser - Elliott Wave Theory for Short Term and Intraday Trading
Martin Pring - How to Use Short-Term Momentum to Profit from Long-Term Price Moves
Hank Pruden:
a) The New Discipline of Behavioral Finance
b) Wyckoff by the Action-Sequence Method: An Effective Way to Teach and Learn Technical Market Analysis
c) The Wyckoff Method
Patrick Raffalovich - Computer-Based Trend Trading: Employing Sound Research and Design for Profit
Keith Raphael - How to Overlay Technical Indicators
Linda Raschke:
a) A Little Keltner, a Little Wyckoff, and a Lot of Street Smarts
b) Back to the Future: Taking Schabacker's Principles of Trading into the 21st Century
c) Five Basic Trading Patterns
d) Researching Your Trade
e) Short Skirt Trading, the Most Bang for the Buck in the Least Amount of Time
f) Slump Busting Techniques
g) Swing Trading and Short-Term Price Patterns
Barbara Rockefeller - Using Channels to Stay out of Trouble in the FX Markets
Ruth Barons Roosevelt - Training the Mind for High-Profit Trading
Richard Saidenberg - The Advantages of Trading with a 100% Mechanical Approach, Parts 1-3
Russell Sands:
a) Discretionary Judgments for the 'Systems' Trader
b) Trend Following Like a Turtle
Mark Schimmel - Keep It Simple ******: Trading with the Elliott Wave Principle
Fred Schutzman - Developing Profitable Trading Systems
Barbara Star - Teach an Old Indicator New Tricks, or the Commodity Channel Index, Not for Commodities Only
Peter Steidlmayer
a) Understanding the Decision Making Process in Any Market
b) Database Creation and Management
David Stendahl:
a) Trade System Evaluation Methods
b) Money Management Strategies for Evaluating Trading Performance
Manning Stoller & Sam Tennis - STARC BandsTM & Sibbet’s Demand Index, Part 1 (No Part 2?)
Joseph Stowell:
a) Bonds, Futures, Equities and Cash Markets, a Master Trading Plan
b) Short-Term Trading Concepts
Stewart Taylor - Simpler is Simply Better, Parts 1, 2 & 3
Ted Tesser - How to Create and Manage a Profitable Trading Business
Van Tharp - The Psychology of Making Money in the Market
John Tirone - Classical Technical Analysis as a Powerful Trading Methodology
Arthur Ullrich - Simple Skills and Sneaky Secrets, Successful S&P Day-Trading
Gary Wagner - Practical Applications of Candlestick Charts
Ben Warwick - Event Trading in the Futures Market
Bill Williams:
a) The Practical Fractal, A New Map for Traders
b) Turning Chaos into Cash: The Quantum Alternative to Losing
Larry Williams - Detect Professional Accumulation and Distribution
Matthew Zito - Online IPOs: How to Buy at the Initial Public Offering Price
Tom Aspray:
Combining Traditional Charting Techniques With Computurized Technical Analysis
SNAP and TELETRAC
Andrew Cardwell - Back To The Basics
Joe DiNapoli - Precision Day Trading Strategies Using DiNapoli levels
Stan Ehrlich - Simple Cyclical Analysis
Peter Eliades - Dynamic Time Cycles
Nelson Freeburg - Building High-Preformance Trading Systems: What Works and What Doesn't
Perry Kaufman - The Best Public Trading Tools methods I've Found for Futures and Equities
Jim Watkins - The Art and Science of Cycle Techniques
Frank Barbera - Sector Rotation - New Ideas for Market Timing Industry Groups
Thom Hartle, John J. Sweeney - Let Market Graphics Guide Your Trading
Constance Brown - An Objective Evaluation of The Strengths and Weaknesses of Common Technical Indicators
Irwing Porter - Is There A New Kind of Candle Shedding Light on Commodity and Stock Markets are Analyzed
Alexander Elder:
The Best and The Worst of The Last 15 Years. What We Learned
The Three M's of Successful Trading - Mind, Method, and Money
Joe Ross - Were Do You Place The Stops
Benjamin Crocker - How To Prepare and Use The Crocker Chart
Stan Weinstein - Determining The Correct Stage An Average is in for Max Profit and Lowest Buy
Robert Krausz, Thom Hartle - Proven Swing Trading Strategies and Multiple Time Frame Analysis
Lewis J. Borsellino, Edward R Velazquez II - Futures - A Professional Approach
Cynthia Kase - Volatility and Position Risk Management
David Weis - Different Examples To Intergate Elliot Along With Those of Wyckoff
Jake Bernstein - What Market Cycles Forecast
Charles Faulkner - Mastering High-Risk Decision Making
Nicholas Santiago:
ITMS Determining the Trend Strategy
ITMS Tail Pattern Technique
Rick Bensignor - Unlocking the Mystery of Trend Analysis
mastertrader7 reacted to ⭐ gadfly in J.M. Hursts Trading & Training Course by Tradingpress
