Anthony, Do yourself a big favor. Don't waste your precious time on this earth with this kind of drivel. Chasing price with momentum indicators is not going to get you where you want to be.
Coming up with a support/resistance system is all you need to make whatever you want from the markets. I've seen hundreds of traders get wiped out trying to go on the path you're following and all of the successful traders I've been around in the e-mini futures have used S/R as the foundation of their trading methodology. And, above all, embrace your emotions in trading because they teach you what you should and shouldn't do going forward. Computers learn nothing while you learn from every win and loss you make. Finding an edge in trading is easy. It's only hard if you're using a computer to find a needle in a haystack because you didn't make a good enough investment in real-time observations of the markets while researching an edge you'd like to trade.. That makes all the difference in the world for knowing what works and what doesn't. You'll come up with 10 edges to trade if you put the time in to experience a live market on a regular basis without trying so hard. It will bring out your imagination and creativity to find what you're looking for. I wish someone had told me that 4.5 years ago when I started trading the ER2 e-mini. It would have saved me a lot of time chasing nonsense. --- In [email protected], "ihsaham" <[EMAIL PROTECTED]> wrote: > > Hai Tomasz, > > This is simple Jake Bernstein Momentum Formula for chart and scanner. > Please help me give arrow buy and sell. Buy arrow is Green colour and > Sell Arrow is Red Colour. > > I really appreciate and thanks for you in advance. > > Best Regards, > Anthony Idic > > > > _SECTION_BEGIN(" $ Momentum "); > > > /* Bernstein Momentum Indicator */ > /* Set Scaling to Automatic, Show dates On, Percent On, Middle On */ > > Title = "Bernstein MOM Close - Ref(Close,-7)"; > GraphXSpace = 5; > Graph0 = MA(Close - Ref(Close,-7),1); > Graph0Style = 5; > Graph0Color = 29; > Graph1 = MA(Graph0,5); > Graph1Style = 1; > Graph1Color = 32; > > > DaysAgo =Optimize("DaysAgo",-28,-40,-16,4); > Fast = Optimize("Fast", 1, 1,5,1); > Slow = Optimize("Slow",28,16,40,4); > /* Note: It is merely a coincidence that DaysAgo and Slow use the > same parameter set. */ > > Buy = Cross( MA(Close - Ref(Close,DaysAgo),Fast), > MA(Close - Ref(Close,DaysAgo),Slow) ); > > Sell = Cross( MA(Close - Ref(Close,DaysAgo),Slow), > MA(Close - Ref(Close,DaysAgo),Fast) ); > > > Short = Cross( MA(Close - Ref(Close,DaysAgo),Slow), > MA(Close - Ref(Close,DaysAgo),Fast) ); > > Cover = Cross( MA(Close - Ref(Close,DaysAgo),Fast), > MA(Close - Ref(Close,DaysAgo),Slow) ); > _SECTION_END(); >
