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Any tips or "personal rules" for Stop/Iceberg Indicator?

Posted: Fri Mar 26, 2021 3:37 pm
by leecooker
Hi, I've had a good week with the SI indicator... until today (set on RESET). Usually I use it for solid evidence of a good transition, within context of a good entry or reversal point. For some reason I'm 0-2 so far today and a bit confused. It has worked well until today. I think I've assumed that a +100 stop reading would mean buy stops are getting "run", meaning shorts are being stopped out, which would trigger a higher surge in price. Same on the downside, a -100 stop reading would mean sell stops are being "run", which means longs are being stopped out. 

Today there were examples where my rules either happened too fast and I missed the actual reaction, or something was off. I'm considering only paying attention to stop indicator readings only of at least 250 in either direction. I'm wondering if the smaller stop readings (100 or less) are too rapid to take seriously. Do you have any "rules" that you've developed over time with the stop indicator?