I discovered this trading system called "SMAX" and liked the periods Jimmer decided to use on the daily chart, so I replicated it for everyone to see in one chart. The daily bars are colored by my MACD color trawler indicator script with his MACD period setting. For those who never used the ADX, it doesn't show if the price goes up or down, it only shows volatility without any direction.
Quote DaCharts com:
You can find the entire trading system by Jimmer here:
"http://www.dacharts.com/systems.php"
More about Jimmer
"http://www.trading-naked.com/Jimmer.htm"
Quote DaCharts com:
- MACD crossover system for day trading the Nasdaq and S&P index futures
- Strengths: Uses multi-timeframe analysis to achieve timely entries/exits. Excellent profitability.
- Weaknesses: limited historical data, requires a sharp eye and close attention to the charts during the day.
- Intensity: average 12 trades per day
You can find the entire trading system by Jimmer here:
"http://www.dacharts.com/systems.php"
More about Jimmer
"http://www.trading-naked.com/Jimmer.htm"