Creating Your Own Indicator

This month on #TechnicalTuesdays I sat down with my friend Jeff Davis.  Quick background on Jeff, he has been a full-time trader since 2000. He started off as a prop trader at Bright trading and for the past 13 years Jeff has been independent E-mini S&P Trader.  In this post Jeff & I discussed his process for choosing the right indicators & strategy for him, how & why he ended up creating his own indicator and why he only keeps up Bollinger Bands & Moving Averages on his charts (more importantly Jeff tells us how he uses Bollinger bands and moving averages in his execution)…Lastly Jeff explains why he uses a Systematic approach for Trade Indications, Discretionary Process for Entry Execution, & Quantified Targets for his exits.

Before you listen to the interview with Jeff I want to mention the Technical Analysis Guide by RJO Futures. I have it downloaded on my desktop and it’s a great resource for the basics of technical analysis.  If you’re interested in learning about the basics of technical analysis or if you’d like to have a solid resource on the basics of TA I highly recommend you download this free PDF Click here to download!


Jeff Davis

Independent Futures Trader

Record Date:  9/25/18

Charts From This Conversation:

Lean Algo is a Custom Index of the S&P 500 showing the Leaning of the Underlying Components goes from -1000 to +1000.

BSP is the Buy and Sell Pressure among the Lean.

(Bollinger) Bands are what Jeff uses for approximate risk gauge on many trades.

S&P Index is an equal weight whole index look at buying and selling pressure.


Jeff Davis’ Resources:  



Technical Analysis Guide by RJO Futures

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