PME pro medicus limited

Nothing fancy on my charts. The three lower indicators (from...

  1. YLJ
    819 Posts.
    lightbulb Created with Sketch. 870
    Nothing fancy on my charts. The three lower indicators (from above to below) are the
    Average True Range (ATR), the Average Directional Index (ADX) & Twiggs Money Flow (TMF).
    I use the ATR occasionally for some input on stop placement; The ADX when very low, as an
    indication of a potentially imminent strong breakout & the TMF is a volume indicator.
    There are many options for volume indicators... I like personally like the theory behind the TMF
    as it incorporates the change in price (instead of just the volume like the OBV) and includes gap
    information (as opposed to the CMF).
    The & upper indicators are mainly different moving averages and the Volume Weighted Average Price
    (set over a given period of time).
    I never have them all on my charts and very often do not pull them up at all. I hate a cluttered chart.

    I trade Classical Charting patterns (as taught by R.W. Schabacker and Edwards & Magee) and all I
    need on my chart is the price & volume other than to mark off valid patterns when they appear.
    Honestly, I seldom look at anything else, even the indicators I do have on my chart.
    Years back I explored many indicators, but they do not have much use in the style of trading I settled
    on, and IMHO many of them do not offer much more than an experienced eye can see in price itself.
    All indicators are at the end of the day just derivates of price. I have yet to find an indicator that has
    improved my results over time.
    I use Trading View Pro+, but much more for the server-side alerts than for the amount of
    indicators.

    New traders find patterns all over the place that are not valid according to their textbook definitions.
    Even the ones that are, often enough do not work out as projected.
    The true value of chart patterns (and any good trading system) is that they can provide
    definable entry points, definable failure points, and definable targets. The risk/reward
    ratios, capital & trade management are far more important than the system itself.
    It is never about anyone specific trade, but rather the overall results over a significant
    period of time.

    I hope that is clear enough. If you want to discuss any further, feel free to tag me elsewhere or
    you can email me at [email protected], as I don't want to deviate from PME too much here.

    All the best







    Last edited by YLJ: 20/10/20
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$323.26
Change
8.580(2.73%)
Mkt cap ! $32.87B
Open High Low Value Volume
$319.39 $325.00 $318.10 $7.883M 24.53K

Buyers (Bids)

No. Vol. Price($)
1 5 $323.26
 

Sellers (Offers)

Price($) Vol. No.
$323.33 29 4
View Market Depth
Last trade - 10.18am 10/07/2025 (20 minute delay) ?
PME (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.