Tuesday, January 22, 2013

A Look at a few of the indicators

Most of these you'll recognize, I have admitted in the past to using traditional technical indicators, but in non-traditional ways, I don't want to see what everyone else sees.

In any case here are a few that are used in some of the intraday analysis thus far and they'll likely be used beyond, but they're still in the tweaking stages as real time data changes everything with multiple platforms running all at once.

Beyond intraday only data, there are still some big problems for this market, I'll shoot out a quick look at what those look like.

 This is the new TICK layout, it's drawing linear regression trend lines on both the index and the TICK data (light blue) and as you can see the TICK is improving a bit here, in addition there's a custom indicator below that is like a MACD histogram, but it's showing the changes in momentum in the TICK data, this is a very new, slightly positive intraday signal.

 Of course the old Technical Traders' intraday standby, the 50 bar on a 5 min chart shows us what technical traders are watching and where they are likely to be stop-run and a version of the Trend Channel as well, still holding the QQQ trend here for the time being.

 This is another screen in the layout with a momentum indicator, used as a divergence indicator as you can see on the SPY calling an intraday top and intraday bottom (for the time).

This is the same screen with the momo indicator at the top and some familiar ones like RSI, but period 6 rather than 12 or 14; MACD, but period 26/52 rather than 12/26 and Stochastics with a long 50 bar period.

I'll likely change these around as I find more useful settings, but not all of them are used the way you would think, with Stochastics I'm more interested in embedded signals than divergences.

Now the other larger picture post and anything developing....


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