After reading Dr Alexander Elder's book "Trading for a living" He's
big on the idea of 5 bullets to a clip. If you are a scalper and who doesn't like
to scalp, he doesn't scalp, If you have to think you are dead.
I found an article written by the late Mark Douglas. A big fan of traders,
who was kind enough to leave us with a rule based trading based on the
TDI indicator that Eric scripted for us.
I have posted a chart share of my set up and scripted the rules to alert
you for trade signals and reversals. Give it a test run and whatever system
you like to use keep it simple like Dr Elder does. I pondered the addition of the squeeze and that would have violated 5 bullets to a clip.
I would be interested in any feedback if this helps your trading.
Kevin
http://tos.mx/GB3Vro
thinkorswim Rules for TDI Indicator posted by Eric 2017-01-19
Addition to the TDI indicator posted by Eric
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lookn4moola likes this.
