Repeating patterns

I recently saw a comment indicating that each bull/bear market has its signature patterns. For example the bear market of 2000-2002 had V bottoms as bottoming patterns. It appears that the first pattern is created based on events/emotions and then the various players try to game that initial pattern to base their subsequent trades. So we get a similar pattern that morphs a little but retains the basic structure. Here are a few examples:

Progression of simple and exponential RSI

Here is a 2m, 5m and 15m snapper on a 1m chart. The red line indicates how the snapper would look when the 1m bar closes.

Wedges

There have been a few good wedge patterns on the NASDAQ 100 index hourly chart over the last month. The market is currently setup close to breakdown but this week is options expiry so who knows where the additional volatility will push this market.

Another nice trending day

No red candles until about 12:30 pm and then a bounce off the 0.5 Fib level around 2:30 pm.

Another nice trending day

... with mixed signals after 3 pm. Two good trades of 100 YM points long and 50 points short.

Tradestation strategy with Vix, AdvDec and Volume

Here is an example of couple of good trending days:

Where to find the tradestation code?

I got a question on how to get to the code for the tradestation indicators. To copy the code, click on a blog post's heading [for e.g. 'Fed Funds Target rate'] and the code for the indicator is the first comment. The code then needs to be copied to a new indicator/paintbar on your tradestation platform. Once that is created you can then apply that indicator/paintbar to any of your charts. This whole process requires some good knowlege of the platform [in my view a force multiplier on TS].

Most of the indicators have the code attached. Some that don't are because they are a bit involved but if you are interested please leave me a comment and I will be more than happy to share any of the indicators.