Favorite Indies

[Ninja_On_The_Roof]

Hello,

Just wanted to share my thoughts on 2 of my most favorite indicators, which I have been using.

One is the Dynamic DTS Map and the other is, Modified Laguerre (from RightLineTrading)

Especially with the DTS Map, it reacts very accurately to price movement.

It will change from red (short) to dark red, indicating a change is coming for the bull then blue comes and vice versa.

I can confidently say, with this alone, trading ES, you can certainly achieve your few points a day for extra income.

Combined with the Modified Laguerre indicator, they go perfectly together. However, the ML will come a tad slower than the DTS Map.

I would say, when the DTS changes/shows dark red, you can enter your trade at this point.

Or of course, you can wait until it completely changes to either bright red or blue.

But in my personal experience by watching it for quite sometimes, it is good to just enter as early as it starts giving you the dark red color.

https://limewire.com/d/rzEpD#LDkOvhA0vU

https://limewire.com/d/CAFJY#NvYtmHaGGP

I know Beauty has one of favorites that comes from Mbox, but I think this easily beats that.

Edited 7 hours ago by Ninja_On_The_Roof

[sun]

Where can I find files for those?  Dynamic DTS Map and modified Laguerre 

[Ninja_On_The_Roof]

5 minutes ago, sun said:

Where can I find files for those?  Dynamic DTS Map and modified Laguerre 

Both files were uploaded by Apmoo here in the forum.

The DTS comes from something else, I actually forget which files but the QuantumTrading has the same thing.

The other comes from RightLineTrading.

[Ninja_On_The_Roof]

Looking how perfect it just nailed this move down.

Both indies were in synchronization.

https://limewire.com/d/ucK14#3i6GG0k3lP

Just to be clear though, I am not promoting nor I am recommending anything here nor your results or outcomes would be the same as mine.

Just sharing my thoughts.

Edited 7 hours ago by Ninja_On_The_Roof

[SPAR]

@Members: Can you pls share those 2 indicators, you were referring to?

 

[TickHunter]

Probably going to bore you with this one but I have RSI on every chart, I use it differently though. I'll post settings and the one I use. 

[SPAR]

Can you pls share the indicators also?

[TickHunter]

The RSI I use. 

https://workupload.com/file/U7eNQak4EcD

[SPAR]

Thank you T!!!

[TickHunter]

Example of a trade I just took. Got in a little early, should wait for first candle of opposite direction. 

Edited 5 hours ago by TickHunter

[iamhktr]

2 hours ago, Ninja_On_The_Roof said:

Hello,

Just wanted to share my thoughts on 2 of my most favorite indicators, which I have been using.

One is the Dynamic DTS Map and the other is, Modified Laguerre (from RightLineTrading)

Especially with the DTS Map, it reacts very accurately to price movement.

It will change from red (short) to dark red, indicating a change is coming for the bull then blue comes and vice versa.

I can confidently say, with this alone, trading ES, you can certainly achieve your few points a day for extra income.

Combined with the Modified Laguerre indicator, they go perfectly together. However, the ML will come a tad slower than the DTS Map.

I would say, when the DTS changes/shows dark red, you can enter your trade at this point.

Or of course, you can wait until it completely changes to either bright red or blue.

But in my personal experience by watching it for quite sometimes, it is good to just enter as early as it starts giving you the dark red color.

https://limewire.com/d/rzEpD#LDkOvhA0vU

https://limewire.com/d/CAFJY#NvYtmHaGGP

I know Beauty has one of favorites that comes from Mbox, but I think this easily beats that.

thanks for sharing. I really appreciate it. I started looking into it. What timeframe you use? Also want to see if I got it right. Turning red means bullish movement coming and blue mean bearish move? 

 

I appreciate it

[TraderMu]

Could someone point me to the indicator files please? I could not find them anywhere on this site.

Edited 4 hours ago by AKN
Added

[Ninja_On_The_Roof]

Let's take this opportunity and share our favorite indies and not just favorite ones but also profitable.

Maybe then, when combined, we would have a perfect and most powerful "system" out there.😂

[Ninja_On_The_Roof]

39 minutes ago, AKN said:

Could someone point me to the indicator files please? I could not find them anywhere on this site.

https://workupload.com/file/WGv8Dnk9AUx

https://workupload.com/file/4XS4zYb6943

Many thanks to Apmoo.

Edited 4 hours ago by Ninja_On_The_Roof

[TraderMu]

7 minutes ago, Ninja_On_The_Roof said:

https://workupload.com/file/WGv8Dnk9AUx

https://workupload.com/file/4XS4zYb6943

Thanks @Ninja_On_The_Roof

[SPAR]

20 minutes ago, Ninja_On_The_Roof said:

https://workupload.com/file/WGv8Dnk9AUx

https://workupload.com/file/4XS4zYb6943

Many thanks to Apmoo.

Not able to import , getting the following error 

 

[Ninja_On_The_Roof]

34 minutes ago, SPAR said:

Not able to import , getting the following error 

 

How did you install it?

Majority of Apmoo's works, one much unzip files then copy and paste them into your Ninjatrader Bin/Custom folder.

Side notes, I am against the idea of having a bunch of indicators on my charts. Just because I have 10 of them, just to make my charts look beautiful or to make me feel somehow, secured and safe...That doesn't mean that I would make loads of money trading.

I believe in simplicity. I only use what I actually need, to determine my entries, my potential target profits and stoplosses.

I remember when I first started out many years back. I used to have tons of indicators on my charts. Then eventually, I realized I never truly and fully used all of them at the same time to enter a trade.

As far as for stoplosses, I don't believe in using a certain amount of dollars for my stoplosses. I think that is just crazy.

Maybe you have a goal of losing only, let's say, $200 for your stoploss. That's your max pain threshold for each trade. But guess what, that $200 stoploss you place on your charts might not just be at the right place.

It gotta be placed at the right places, based on technical levels and stuff. Not based upon just pure dollar amount.

Imagine your stoploss is placed somewhere in the middle of recent high or low, support resistance, price pulls back a bit to try to retest these areas, and it already hits you in the head hard right before it reaches back, then turns around and continues in same original direction of your entry. Just because you used $200 as your stoploss.

Edited 3 hours ago by Ninja_On_The_Roof