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thehaul

TTM Scalp Average for Ninja

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Very cool. Just fyi I never liked it as much on a min chart. The candles are typically too long that's why I use it with a range bar or volume chart. Why do you think it's buggy?

 

 

Yeah, volume chart is much better in this case. The bug is related to scrolling. When scrolling left to view previous data the indicators fire an overflow error and disappear. This is usually the sign of a minor oversight, will check into it.

It seems the indicator is nothing more then 50% retrace level using scalper peaks/troughs. The additional smoothing introduces a little lag but removes jumps caused by minor peaks/troughs. How would you use this trading something like the YM?

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I will post some charts later. But look at 3 different lengths of average on whatever the 3 min total volume is equal to on a volume chart. Meaning if the typical 3 min volume is x build a x volume chart. Look at average lengths of 11, 76, and 322. If price is below the 322 average the overall bias is short but I tend to use the 76 as a bias and the 322 for ultimate S/R. The highest probability days are when they're all lined up on top of each other. Just trade with their organization only. I trade a scalp and follow method - 3 contracts, 2 off at the first es point and 1 to trail. Most of the time I get stopped out on the last but sometimes I don't. I also use the previous days high, low and close, the overnight high and low and keep track of congestion areas from the day before and the day of.

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Good day today. I stuck to the rules, no counter trends. 5 wins and 3 stop outs on the es. 3 wins on the NQ. I've realized if I don't get filled or it doesn't look perfect on ES I can look at the NQ. The arrows are color coded, the yellow ones are stop outs.

 

 

 

***Both of the the two yellow arrows in the middle of the es chart should be pointing down to indicate failed shorts. The first one I tried to play the bounce off the short average, small loss, and the arrow at the top I moved my stop to close cuz of emotions.

 

The last yellow arrow was pretty low probability now that I look at it. I was thinking it would bounce of the 3 averages but it shot right through. So, I got short on the NQ and rode that bronco for 12 ticks I think.

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5aa70eaa6d5ff_Screencapture15.thumb.png.d9a8480fabcf9854adc05cc3f0fa9ae7.png

Edited by thehaul

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