The Zero Indicator
For past couple of months, I finally got over my stingy mentality and subscribed to the Zero Indicator, that Molecool has put out on his EvilSpeculator blog. It costs just $50/month, but has been a live saver and money minter, both at the same time.
The algorithm behind this indicator is of course a proprietary one, but what I have understood so far from using it and observing it is that it tries to measure the momentum/pressure/push in the moves. A lot of times we have a big move in ES, say 10 points up in half an hours… but the zero indicator would show no signal, thereby implying that there is hardly any buying pressure and that market is moving up on fumes.. This suggests that a turn is just around the corner.
I used it in April – did really well. I opted out in May because I was going to be busy at work and not be able to trade much. I jumped back in June again, this time for good. Every week, on at least two to three occasions, I am able to make some trading decisions that I would not be able to make without using the Zero Indicator. Check out daily wrap posts at Evil Speculator blog that describe how the zero indicator did that particular day.
http://evilspeculator.com/?cat=124
PS: Mole has not asked me to post this. Nor am I getting any referral fee or any kind of kick back from Mole if you subscribe to it. I am posting this out of my free will. The only reason I am posting there here is because I like it and use it, and it might benefit some of you out there. I just want the readers of this blog to know that there is a tool out there, which costs just $50/month and can really improve your trading performance.
