My Favorite Indicators

I use the Amibroker software to draw my charts. I have found it to be the easiest to use and customize. They have a large database of indicators and new ones are created everyday by users. The 2 sets I use the most were created by other users and I have made some modifications. The first set applies an Inverse Fisher Transform to widely used indicators - RSI, DeMark REI, Double Smooth Stochastics and Volume Flow Indicator. What I like about the Inverse Fisher Transform is that the signals are usually clearer than the original indicator. Below is a small example - this is TNA today in a 5 minute chart:

The red line is DeMark REI, the blue line is RSI, the green line is the Double Smooth Stochastics and the white line is the Volume Flow Index. Going below the middle line indicates a downtrend and going above the opposite. Both REI and RSI give a good sell signal right before 11:00 AM and an early buy signal around 1:30 PM (13:30). The DSS gives some additional entry signals following the general trend. The VFI lags but can be used to confirm.


Another set of signals I used was created by 9Trading. If you use Amibroker, you can purchase a set of indicators from them. The set that I used is call Saturn and it seems to give some good indications as well:

The red line is a short term indicator, the yellow one a medium term one and the grey one is the long term trend. Once again, going below the middle line is bearish while going above is bullish. Today around 10:50 AM, all 3 indicators go bearish for a good entry signal. The short term indicator goes bullish again around 1:30 PM while the other 2 lag behind, the medium term one going bullish only after 3:00 PM. The green line is an unmodified Double Smooth Stochastics that can be used for re-entry exit signals. I find it to be a bit to erratic but sometimes generates good signals.

The top part of the chart display prices, moving averages, Bollinger bands and Parabolic SAR.