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  1. #1
    Specialist Member marc's Avatar

    Trend indicator? !!!

    Maybe I ask too much ... but what is in your opinion the fastest, non-repainting (!) trend indicator?

    So ... I don't mean anything which changes direction in the next candle ... and nothing like an 'educated guess' out of the results of 5+ other indicators ...

    lines, arrows, histograms, whatever ... but possibly a single indicator ... some false signals are acceptable, though

    [Yeah, I know, it seems I search for the Holy Grail ... but I am not ... just curious about everyones favorites here ... ]

  2. #2
    Specialist Member marc's Avatar
    Sorry to push this thread ... but I am really interested in your answers! ... any suggestions anyone?

    Many thanks and may you be ITM all the time!

  3. #3
    Legendry Member Michael Hodges's Avatar
    Trend is an interesting question. The best indicator is trend lines. Trendlines that connect two or more bottoms or tops are great indicators of price movement over a specific time frame. The longer the time frame used the strong the trend. I use charts of weekly candlesticks to draw long term trend lines. I then use daily charts for drawing short term trend lines. I also draw support and resistance lines. Then I use those lines to make trading decisions in both time frames and in shorter time frames like hourly charts. you can also draw lines on those charts but they are not as reliable as longer term trend lines. Once you establish your trend you can use another trend FOLLOWING indicator like MACD or stochastic for entry signals. This chart shows shows trend following stochastic signals.

    Click image for larger version. 

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  4. #4
    Master Member Bogdan G's Avatar
    Trend?!? What trend? There is no trend unless you are looking at the really big picture. Small time frames have no trend, just impulse and momentum.

  5. #5
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Bogdan G View Post
    Trend?!? What trend? There is no trend unless you are looking at the really big picture. Small time frames have no trend, just impulse and momentum.
    I beg to differ on that note. I agree that the shorter the time frame the less reliable an indicator is and the less visible underlying trends are but there are still trends. My chart above shows a clear up trend on the one hour charts that lasts for over two trading weeks. Impulse and momentum have a lot to do with how the markets move in the shorter terms but there is still trend.

  6. #6
    Master Member Bogdan G's Avatar
    I agree and stand corrected. I should have been more specific: I trade 5 min and 15 min charts... selling every rally and buying every dip (almost). And it works because there is no trend there, mostly just noise. On 1H and 4H and higher, we have trends.

  7. #7
    Veteran Member hchandra's Avatar
    Not using indicator, but you can use zig zag or fractals to help determine trend,
    in uptrend the fractals and zig zag will get higher and higher,

    For me, I use HH, HL, LL, LH (Higher high, higher low, lower low, lower high).


    Blue - HH
    Orange - HL
    Red - LH
    Green - LL

    Its uptrend,
    trend not quite changed yet, but there is sign the uptrend weakening.

  8. #8
    Legendry Member willyw's Avatar
    Quote Originally Posted by hchandra View Post
    Not using indicator, but you can use zig zag or fractals to help determine trend,
    in uptrend the fractals and zig zag will get higher and higher,

    For me, I use HH, HL, LL, LH (Higher high, higher low, lower low, lower high).


    Blue - HH
    Orange - HL
    Red - LH
    Green - LL

    Its uptrend,
    trend not quite changed yet, but there is sign the uptrend weakening.
    Yes it is an obvious uptrend but the current high is lower than previous high and current low lower than previous low indicating the uptrend is weakening and the bears are coming in

  9. #9
    Specialist Member marc's Avatar
    Interesting answers ... so it seems, that all of you veterans use "old-fashioned methods" to confirm a trend ... I cannot see an 'indestructible-trend-winner' or a 'brain trend' or anything similar on your charts

  10. #10
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Bogdan G View Post
    I agree and stand corrected. I should have been more specific: I trade 5 min and 15 min charts... selling every rally and buying every dip (almost). And it works because there is no trend there, mostly just noise. On 1H and 4H and higher, we have trends.
    Indeed, the ripples on the edge of the pond....

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