ES long signal approaching @ vpc

2 Responses to ES long signal approaching @ vpc

1. jctrader says:

   August 10, 2010 at 7:53 am

   Hi Michael! Could you please answer my questions?
   1) Is this a tick-chart less than 1-min?
   2) What are the red dotted lines and its setting?
   3) What is the white line in the Stochastic and its setting?
   4) Why the white line did not generate a short signal when the STO values crossed it downwards?

   Thanks!

   Log in to Reply
   • Michael says:

     August 10, 2010 at 9:29 am

     HI jctrader,
     1) It is a Range chart. Each bar shows a range of 0.5 ES points.
     2) The orange dotted lines is a Keltner Band 3.8, 60.
     3) The white line is a slow stochastic 81, 27.
     4) We only take a short signal when four things happen simultaneously: (1) Prices touch or pierce a VPC from below, (2) The slow stochastic (white line) is above 80, (3) the fast stochastic (green & pink divergence bars) is also above 80, and (4) the %K of fast stochastic crosses below %D. You can see this when the bars turn color from green to pink, if you are using my template in Ensign.

     Log in to Reply