2 questions

[hayseed]

2 questions....
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first.....

suppose you had to rank 6 indicators by importance....

suppose these were...... psar, coppock, hma, alma, stochastic and ao......

reasonably sure most know those but some might not......

psar...... coppock....... hma...... alma....... stochastic..... ao.......

if you considered them all part of your trading system, important enough to place a trade on..... where 1 would be most important......

perhaps the most important would be similar to the base of a pyramid, where you would not trade against.....

how would you rank them...... the goal is to display them in a single indicator such as the dots in chart below in some sort or predetermined weight........

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second question......

is there some other indicator you think should be included.....

thanks for your thoughts.........h
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[hayseed]

psar is the lowest dot...... perhaps it should be the top as it is usually the last to change..... maybe the final straw to buy or sell should be highest.....

stochastic usually turns first but is also the most misleading at times......

bought the psar break ..... h
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[Enivid]

I'm not a big user of TA indicators, but I'd probably stick DPO or QQE in place of one of the oscillators. As for picking the most important one of the six, I'd use either PSAR or one of the MAs because they are trend indicators. If you are looking to add some other indicators, I'd suggest adding something based on volume (yes, even tick volume can be useful).

 

[Faillims43]

For ranking: 1) PSAR (trend foundation), 2) HMA/Alma (smoothed direction), 3) AO (momentum), 4) Coppock (long-term cycles), 5) Stochastic (overbought/sold). Consider adding VWAP or volume confirmation. Weighting depends on strategy—trend-following vs. reversal. Great pyramid analogy! Test combinations for robustness.

 

[CallahanSinclair]

Might consider adding ATR or volume profile — context matters as much as the signal.

 

[hayseed]

Might consider adding ATR or volume profile — context matters as much as the signal.

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thanks callahan...... not sure how i would go about volume profile..... atr did not occur to me but it will be quite easy to add...... thanks.....

i like knowing the atr per time per symbol..... gives a guide of sorts...... also knowing the standard daily atr multiples, 100, 200, 300% and so on, along with the frequency each is hit on a daily basis......

a single micro mnq future' daily atr is around 1000$....... my trouble is holding till the end of day....

i'll end up with 20 of that......h

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[CallahanSinclair]

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thanks callahan...... not sure how i would go about volume profile..... atr did not occur to me but it will be quite easy to add...... thanks.....

i like knowing the atr per time per symbol..... gives a guide of sorts...... also knowing the standard daily atr multiples, 100, 200, 300% and so on, along with the frequency each is hit on a daily basis......

a single micro mnq future' daily atr is around 1000$....... my trouble is holding till the end of day....

i'll end up with 20 of that......h

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View attachment 32462

holding through the full ATR can be tough psychologically. Maybe try scaling out in parts or setting trailing stops based on ATR multiples to stay in the move without the stress.