The Secret Indicator?

Personally, I do not use the word secret nor indicator when talking about this, but for the purposes of this post I will.

Volume is THE secret indicator.


Volume is the key to the truth. Volume is activity and it measures the true intent of the Smart Money.


There have been studies that prove Tick volume is a viable substitute for actual exchange traded volume. If anyone tells you volume does not exist in forex, he or she is simply wrong. And helping to perpetuate a lie (or secret) about volume's true importance.


Below is an short video showing how Tick volume and Actual contract traded volume compare. It is not an endorsement of Tradeguider.


Below that is a chart of the Eur/Jpy 3 min from today. There were a few nice opportunities to get short, once the market changed behavior and after the sequence was in place. Now, this is not the place to get into how to trade using VSA. There is a thread for that. If you want, you can go there and see numerous ways people are using VSA and its subgroups (VZA).

this reminds me of a system i traded for a friend many years ago,we paid monthly for the live feed and all the emphasis was on the tick data especially on high volume test bars.infact i think i will get my old laptop out and rerun the vids i have
.the creator of this particular system spent many years trading futers at the exchange mentioned.although the system generated buy and sell signals which in themselves were questionable.the value came from his tutorials regarding the volume and professional buying,selling .theres many similarities in the terminology upthrusts ect.
maybe you have given a secret away
dice

as long as there is a market to trade, people will always believe they have or can find the secret indicator. AND i can find the pot of gold at the end of the rainbow with a little green leprechaun too?

the problem here is most dont actually know what they should be looking for !so if one does not know were to look how can such a person find.

dismissing something unknown will always remain unknown until one concludes that somthing is missing,determine what your missing then you may well find it,secret or not,afterall the CIA work on the premise that once more than 3 people know a secret it is no longer a secret.

the trend!!!!!

Price is secret indicator.
It looks stupid for me why i did not understand it few years ago.

It works al the time but the meat between chair and computer is always under his own opinions and even more this meat is trying to dictate to the market;-)

The question of why a secret indicator is worth having is still left unanswered. Just exactly what benefit can someone get by trading his/her secret indicator?

i think its been answered Ishtana,

what would sombody want there secret indicator to tell them would be a better question.

lets take a hypothetical view point .lets say your studies tell you that theres a slight edge in price deviation.your quest would be to create an indicator which calculates the deviation from the mean allowing for price slope ect ect,your very good at the math and you understand stochastic probability besides knowledge on various cheats.you were also gifted with the ability to code your indie to allow for all these variables.along with your ability as a trader with profound money management skills,walla !!!!

your edge on your deviation indi is ...5 % after spread .

you could post your indie and still most would fail to capatilise on the .5 % edge factor,but having said that would you freely post ?

dice

To be really honest with you, I would share if my secret indicator works. The forex world is too big for a small retail trader like me to even alter it a bit.

BUT, I've seen some threads here discussing why sharing your trading system in forex, and just in the trading world, actually hurts. And it does make sense, although I don't have a solid evidence for it.

Say someone shares a secret indicator that works, and suddenly the broker (specially market maker brokers) notices that almost all of their clients are putting their trade at the same time, in the same direction, and winning big while the dealer is footing the bill. They will take all measures to stop this from happening, and brokers have plenty of tricks up their sleeves and this shouldn't be hard to do.

So now, I'd think twice before surrendering my trading secret, if I have one that is. Besides, I'm confident that I'm a good money manager with more altruism agenda.

Charging people for my trading secret, most likely, just like any other true/false gurus out there. For $19/47$/$199? Not a chance. For someone to have found a great edge in forex, it must have taken them sweat and tears, and maybe blood. No one in their sane mind would just surrender it to the world.

My question is trying to find out how a custom-made indicator, getting data solely from your MT4 terminal, can determine the likelihood of herd behavior. That's all. It doesn't have to care about the price, about the support and resistance, or about anything else. I think a successful secret indicator would be able to tell when herd behavior is about to take place.

TRIX TC1 V2? Can't find it anywhere.

Wow, Finally someone found the secret indicator?!
.
At least it's colorful and stylish.
I want one too.

... google is your friend

I have my own "secret" custom indicator (EA) that I had built back in early 2014. I made some adjustments in the Spring and since then it has been nothing but mind boggling. I kept digging for so many years and I finally hit the gold... after 1001 experimental systems the light went on with this one.

No "cherry picking" with the screen captures... they were all taken from past weeks trading.

The secret indicator is secret, it exist but nobody share it!!!

but the best indicators apart from the Grail itself
are free and everyone already has them
(they are called eyes)

seek and ye shall find

Good points!

- After digging for many many years no one is going to just give away their secret. ;-)

- It all starts with those eye balls... lol! All those years staring at screens, looking at code, watching price patterns. Now I have my eye balls on vacation and let the automation do the heavy lifting. :-)

In my own humble opinion, there probably isn't one "secret" method that will work for every trader. Each trader must find a method that works well for them, then perfect their money management and strategies around it. Most good methods will not work for most traders. It usually takes years of research and thousands of hours of experience to find a method that works for you and to perfect it to match your own personality. I'm a successful trader, but I doubt my methods which include a mix of fundamentals and indicators would work for most people. I have studied this for many decades and I am studying even now. Just in case you are wondering why a successful trader would be posting instead of laying on a beach sipping a drink with some fruit and a big umbrella in it (I did that on vacation earlier this year though), be aware that the markets grow and evolve and if you don't, they will leave you behind. I can give you a detailed list of 25 trading methods that have all been carefully back-tested and have proven effective for someone, but most of them wont work for you, because they don't fit your style. Think I'm kidding? Here is a link, completely free: http://forums.babypips.com/free-fore...t-winners.html

Each of these methods have proven to be someone's personal holy grail. Some traders will find something on this list that works for them. If you are successful, try to help someone else out along the way. If not, then keep looking. Your personal holy grail is out there, and the only way to find it is to keep looking until you do. My best advice is to test out new systems with the very smallest trade size you can arrange, like 0.01 lots per pip or less. Demo testing never worked for me as I couldn't take it as seriously as a real money trade, even if I was only risking $5 on it. That way, you can stand very many failures at about the cost of a hamburger with fries until you finally find the one that works for you. Of course, if demo trading works for you, then you are already ahead of me by that burger and fries.

I hope you all get fabulously rich and are able to help others out along the way. Happy trading!

Graviton ---> Best point of the thread by far - "help others out along the way"


The "best returns" you will ever get as a trader is when you work to help out others as you become successful!

Correct.........

That's my indicator