TerenceTam
Long

Still get chance to beat 2126+ within October

FX:SPX500   S&P 500 index of US listed shares
Time to introduce my NEW indicator to you all.
EMA_Music_Stave_BY_COWBEARCAR, as you see the graph,
EMA7 & the color of calculated line (2*EMA4 - EMA10) or (2*EMA7 - EMA20) always touch candle High/Low.
Using large period, over 15mins up to season, you will get the most go High/Low pivot at all.
Best graph will be Week chart, you can test on HSI             week charts with my indicator.

To here, I would ask anyone help to revise my coding to give arrows on Pivot,
just check out any Pivot of calculated line (2*EMA7 - EMA38).

As you see, the 3 calculated lines go along and NOT show any /\ pivot , Don't bear .
For day trade, if Candle stand at EMA7, get Entry, when Candle near calculated line and seem got resist, exit.
You will wonder this EMA_Music_Stave help you a lot, beat it like playing music.

For other indicator using divergence, drop them all.
Currently, I suggest Fisher Transform to you, It works simple, Go Up Green up, Go Down Green down,
The cross tell you to do right action. Fisher catch Pivot better than other indicators.
I really test over 2000+ indicators and point out Fisher is the best best one indicator from others.
If you use MT4, find Fisher Yurik indicator to use.

Finally, I would like to introduce Classic BB with DMI             together.
Most people drop BB because their donno when the band can give support or resist,
I can tell you less than 5% of traders find the truth before their lives on BB go along or stop-reverse when meet upper/lower bands.
Well, the truth is simple again.
When meet upper/lower band of BB, Take a look on ADX (Brown line at bottom indicator).
If ADX look upwards, the band is NOT exist, the trend go along even ADX below 25.
Whereas if ADX look downwards, the trend end and reverse.
Then, when will the trend end?
just wait the ADX reverse from look upwards to look downwards. (High Pivot of ADX ).
But standard DMI             (14) is the virtual indicator of SMA (50), thus people hate it lag to show the Pivot .
That's why I put is at bottom on indicator.
If you know the truth, trade make simple, entry when go across the middle line of BB (SMA20).
Take a look on ADX whether exit on Upper/lower bands, or to wait the ADX look downwards to exit.
You will get great long trend to eat.
You can back-test on BB with DMI             pair up on any graph you like, because it is the truth on trend along or reverse.


If you look at the indicators I use, all indicators still in bullish , you will find out still get high chance go upwards.
Therefore, for those indicators ask to do bear , drop them all, really hurt you at all.
Great test to kick out rubbish indicators which give you fault signals.
A slower TRIX with a period of 10 days, which you use as lookback on the Fisher Transform was also still bullish. It's just that the uptrend was already too stretched which is why I decided to try a short setup with a good risk/reward.
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