|
PureBytes Links
Trading Reference Links
|
Richard: when you get the good trend indicator, let me know. I'm of the
opinion that alot of the traditional trend indicators are lagging.... that
they wait until a trend is in place, then tell you it's there. I approach it
a little differently.... in fact very similar to an earlier post from
someone....
The ABSENCE of a trend is alot easier to detect... so I look for situations
with flat move indexes and low volatility ( i like the DRV indicator by
Barnes for this, and a simple volatility indicator which is merely the
average bar range of a reasonable length - say 10 or 20 bars, it's robust so
doesn't really matter). By definition, when the market moves OUT of this
congested condition, a TREND of some length is developing.... I then use a
variety of indicators to measure the on-going strength of the trend and look
to tighten stops when the strength weakens.
|