The daytraders of the stock index futures are rolling it in right now with the huge volatility and intra-day ranges, however this won't last. With that view in mind I'm developing a trend following long term futures strategy. There are a few indicators I'm struggling to place however.
1. A replacement for a stock volume indicator. OBV and Accumulation/distribution are very commonly used for shares. They don't seem to produce any divergences from the few indices I've flicked through. Do they actually work for indices?
If not, does anyone have any experience setting up a "Composite OBV" indicator like Brett Steenbarger's "Money Flow" indicator? Any software with this indicator?
2. New High/New Low indicators. Are there any websites that produce this indicator for non-US indices such as the DAX and the ASX200/SPI?
3. Will a futures provider automatically roll your contract over to the next one, or will you have to do it manually? If so, is there a quick process to minimise slippage?