Dear Employee,
I have tons of experience in amibroker/thinkorswim/tradingview indicators.
It is very important to make a good indicator in trading in advance.
Combination of a few significant indicators is surely needed.
Well I've been studying oil for 3 years and know it very well or maybe 5 years ---
Through this time, let me introduce the Hull MA.
The Hull ma is the fastest Ma and the smoothest of ALL the MAs by far. You can read up on Hull online as it was created by Allen Hull about 15 years ago.
The version I'm using takes it one step further by actually showing the user the internal workings of the Hull line. What does that mean?
If you just look at one line, say the 40 Hull, you will see when it really starts to descend it is bright red and as the strength of the move starts to weaken it changes to another color , orange as I remember and finally changes to a dark green but still descending. Then it finally is weak enough that it changes to a bright green for the accent upwards. Thus, as a trader one wants to concentrate trading in the bright red or bright green areas and vacate the trade upon seeing weakness.
Now when you incorporate the Hull 7, an even faster indicator, coupled with the Hull 40 and they are both either bright green or bright red you will experience the optimum place to place a trade. Look at the last screenshot, I sent, the system caught the up move, turned on a dime and caught the down move as well. Find another system that can do that ---probably will not happen.
When you open up the indicator on your computer you will see a lot of variables. The most important ones seem to be max and min. Max2 and Min2 are for the Hull 40 and Max and Min are for the Hull 7. It obviously lags by one bar as the current bar has to close before the computer can calculate whether or not the close of the current bar is greater or lesser than the prior bar. Make sense?
If the current bar is less than the prior bar then the Max has been reached or if the current bar is > than the prior bar the min has been reached.
I'm trying to educate you so that you do not have to waste time trying to figure out how this is all happening as it is a very complex indicator, to say the least.
Therefore, we need to concentrate on entering trades when both the 7 and the 40 are about to explode to either the up side or down side together. Further, I've found that when the 7 is on top, or greater than the 40 is the very very best time to be in a buy trade and the reverse for a short. Look at the last screenshot again and you will see the explosive nature of this event. Those two trades are all you need for a very profitable day of trading.
Interesting...?
If you have any idea for indicator, let me know.
I will help you perfectly and sincerely.
Thank you.
Andrei Slusari.