Technical Indicators

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The SchoolOfTrade.com has developed a series of proprietary day trading technical indicators over the past 10 years and our Advanced Members are trained on using them in our private members training sessions.  Remember, you dont rent these technical indicators, as a member you OWN them, and we are always improving and adding to this collection as warranted by our members.

Have an idea for a new technical indicator, or want these indicators developed on another charting platform?  Email us and we would love to help develop it with you!

In order of importance, and use these technical indicators in our live trade room.

My day begins each day looking at multiple timeframes, starting with the slowest timeframe first, then followed by faster timeframes as we go down the line looking for market clues to the highest percentage trades.

I begin my day with the 89-Range chart, and on that chart we use our JJ-Major Swing Indicator, which does a few different things.  First, it locates the most important trading range we use, as well as the major support and resistance levels on the slower timeframe chart.  Furthermore, once it locates these levels this technical indicator adds those levels to the faster timeframes automatically. 

Once we find our major swing levels, we then  need to define SPECIFIC entry and exit points in the market, so we use another technical indicator called the ‘Auto Levels Indicator’ which automatically locates the best price levels I want to use for entries and exits.  The Auto Levels Indicator was a pioneer in this industry when linking charts together wasnt being done yet.  We were the first traders I ever saw linking multiple timeframes with indicators, and this one does it too, links the 34range levels to the faster timeframes we will use to find entry patterns.

At this point im moving to faster timeframes, next up is the 21-Range and 13-Range charts which will be where I look for entry patterns.  I really love these charts and they really work well for an intra-day trader on any market that has a good combination of volume and volatility.  I use a combination of 3 more indicators on these charts.

First, I use the JJ-Momentum technical indicator to determine where momentum is going, and this indicator links the 21 and 13 range charts together to fire off red or green when they BOTH confirm in the same direction.  This indicator is an incredible advantage for new traders who want to make sure they are on the right side of the market at all times and I highly encourage my new students to learn to wait for when the green or red lights up for them to signal the BEST time to trade.

I use our Trigger Line Indicator as another secret weapon for buying pullbacks and selling retracements.  Also, our trigger line is the most efficient way of determining the short term trend, or lack thereof, as well as market personality.  We use the trigger line in our entry rules at all times, and very easy to learn how to use this trading tool.

I use the GOMI Price Ladder for Volume Analysis (Order Flow) just before I enter the trade to confirm there are indeed more buyers than sellers (if im getting long).

We use the Big Money Trigger Line to identify the area on our charts where the ‘big money’ will be most likely to be participating, and our members are trained on HOW to properly use this for profits.

Our divergence technical indicator is used on all timeframes, but the most important times we use it will be on the faster charts to see when the direction of the market is about to change.  Divergence is not going to work at all times, so we use it only at major levels of support and resistance and we combine it with a simple divergent indicator trading strategy, which is outlined in our advanced course.

Finally on our faster timeframe charts we use our powerful trigger zone technical indicator which is known to our members as a must-have for every wave and 2-step pattern they trade.  The trigger zone indicator not only shows me where the best entry location will be, but it also tells me potential profit targets for all of our entries.  We use the trigger zone tool on multiple timeframes to find hidden trading opportunities throughout the day

In addition to our faster timeframe charts we also have supporting timesframes which are much faster tick or time charts and aid in the decision-making process on every trade we take.

One of our most prized-possessions is our Pace of Tape Technical Indicator, which is a new technical indicator the trading world has NEVER seen before.  While most traders use volume, we use SPEED, and this indicator does things you’ve never seen before, considered the most important short term market sentiment tool, we use it every second of the trading day.

Reading the Tape is essential for entering a trade at the proper time to get the least amount of risk on your trade.  We use the time and sales window (standard on every charting package)

We use a specific chart to manage our trades, and we have developed 2 proprietory technical indicators to make our trade management more effective.  The key to trade management is knowing what and where BEFORE you enter the trade, and these 2 simple technical indicators help acomplish that with ease.

First, we use our JJ-Trigger Line Technical Indicator to tell us where to place our stops and targets for each trade.  We love this technical indicator because it makes it very easy to use dynamic stops and targets without needing to look over a lot of different charts.  Simply load your trade management chart template and this indicator is running perfectly for you as a member without any need to callibrate or change the settings.

Second, we use our MACD technical indicator on our trade management chart because MACD is a lagging indicator and this chart is a very fast timeframe.  Rookies beware using the MACD indicator on a slower timeframe because you will miss the moves.  We look for very simple things on the MACD Indicator and it never fails!

Looking for more information on using technical indicators with us?

Why not use Pivots?  Here’s why we dont use pivots, we use Auto-Levels Indicator

Using Volume will make you go broke!  Use Speed for a more responsive technical indicator

We use Trend Lines every day, and here’s the best way to use them in NinjaTrader 7

Learn the difference between leading and lagging technical inidcators.  You need to know this info

Are you STILL using Market Internals?  here’s why I never use market internals

Market Profile isnt a technical indicator, but many people think it is, here’s how we use Market Profile.