InVivo

asr: she is PHD so she is qaulified .. and Mr. K says she gives ( in this post below ) independent opinion ..

asr: this Innovi RMI indicator is similar to traderGuider VSA , even VSA may have decade old reserach behind it than one man firm Innovi. if we get VSA EOD version cheper that may be better than Innvo.

asr: this Alchamy strong trend cacher (url below ) may be equal to Innovi indicator, but the Alchamy guy in strategy example gave 3-min ES chart. It seems Innovi helps more in DAILY chart ( Mr. K use mainly daily charts) . For daily we need to see how Traderguider VSA works, we know it is good for intra-day 30-min, 60-min charts but DAILY we need to see.
http://www.tradingalchemy.com/ViewChartsStrongTrend.htm


I’ve applied InVivo.RMI stops (StopFactor 1.1) and histogram to the daily chart. A trader whose strategy is to trade with the trend would not go short so long as the price bars are green and the green histogram lines are above the grey threshold line. My indicator helped traders exit long positions after the uptrend ended in March.

Again, a trader whose strategy is to trade with the trend would not go short so long as the price bars are green and the green histogram lines are above the grey threshold line. My indicators helped the trader to exit long positions after the top in March.

The last chart is Google (GOOG).

Google

While investors were clinging to hope, the price action said otherwise. In December 2007, the green histogram lines went below the grey threshold line as the stock began to weaken. The sell signal came in mid-December and was in place for three months.
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asr:this is on same URL as above.
Teresa Lo: The “tightness” of the stops is based on the StopFactor setting. The default is 1.5. If a user wishes to change the StopFactor setting, my suggestion is to investigate a range of settings between 1 and 1.5 at 0.1 increments. StopFactor settings under 1 are insufficient. When it comes to directional trading, it is perhaps not possible to tighten the initial stop or trailing stop beyond what volatility dictates. Time and again, we have seen that a wide range of trading “problems” tend to be resolved by trading high-priced, high-volatility issues in larger time frames while simultaneously reducing trade size/leverage with the use of reasonable stops. When qualified by RMI, I suggest StopFactor 1.1.

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http://www.invivoanalytics.com/tools-for-swing-trading/
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STEC - Fingers Crossed?
Daily Chart, with Relative Momentum Indicators

asr: grey line is based on related index of the stock , great concept to compare with appropriate index.
The RMI Histogram compares price action of a stock (or sector) against an appropriate benchmark index while the RMI PaintBar colors price bars according to the status of the histogram values. This provides me with (i) a detailed, bar-by-bar account of a stock’s performance against the benchmark and (ii) helps identify potential change of trends in the big picture when price bars are painted yellow.

The position of the green and red histogram bars relative to the grey threshold line is very important. A number of combinations and permutations can occur. Price bars are colored based on information contained in the histogram according to these rules:

1. Green = RELATIVE OUTPERFORMANCE = Histogram > 0 AND Histogram > Threshold Line
2. Red = RELATIVE UNDERPERFORMANCE = Histogram < 0 AND Histogram < Threshold Line
3. Yellow = POTENTIAL CHANGE OF TREND = all other combinations
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TOL stock -- see histogram ..

Stocks are ranked by price momentum. In a rising market, stocks at the top of the list are the ones that everyone wants to own. They are the bubble stocks, the tulips. Be careful buying those. In a falling market, stocks that are at the bottom of the list are the ones everyone is dumping. They are the dogs being sold at any price. Be careful shorting those.