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I use an ICE expert on SPY daily chart.. found that to be the best --
means that it takes price, trending, volatility, volume indicatots
in a combined indicator to look half way good.. Not sure for the
hourly.
--- In equismetastock@xxxxxxxxxxxxxxx, "leeontherun"
<leeontherun@xxx> wrote:
>
> Hi All,
>
> Does anyone have any recommendations for a good foundation
indicator
> that works on the S&P500? It seems to be the hardest one to crack.
I'm
> aiming for an hourly chart.
>
> The S&P500 characteristically has a lot of break outs with
> consolidation periods.
>
> Otherwise are there any books that people can recommend on any
gurus
> that promote a system that works on the S&P500?
>
> Thanks,
> Lee.
>
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