What indicator am I describing ?

[rjay]

I have a EOD system that uses %R, Parabolic & MACD. When they all fire in the same direction I take a trade BUT only in the direction of the 60 day trend which I measure simply by looking at the candlesticks over that period. I'd like to make this more mechanical and less discretionary but am not sure which indicator I should use. Any tips ??

 

[BBB]

Sure - if you want to use indicators, ditch all but one of the 3 indicators you are currently using - they all measure the same thing - momentum.

If you really must use other indicators, then use ones which don't duplicate the ones currently used, or at least use them in a different time frame.

Try a volatility indicator and a volume indicator.