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Dear Trader,
The technique for creating composite indicators was originally developed
and described by me in the following issue newsletter:
http://www.amibroker.com/newsletter/12-2001.html
Please read this first BEFORE using Dimitris's indicators as
this background is essential to understand how the whole thing works.
Best regards,
Tomasz Janeczko
===============
AmiBroker - the comprehensive share manager.
http://www.amibroker.com
----- Original Message -----
From: "Mad Trader" <traders10@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, July 09, 2001 6:46 PM
Subject: [amibroker] DT's work
> Hi Dimitris, I finally got some time to look at your recent AB
> work....interesting stuff.
>
> I have included a chart layout I used to evaluate your OBI-OSI indicators.
> Viewing these five at the same time helped me see what you are trying to
> show.
>
> Questions:
>
> 1.Stoch pos divergence indicator. If the black vertical bars indicate a
> divergence between security price and the stochastic of the security price,
> what is the significance of the red plot that surrounds some verticle black
> bars?
>
> 2. Same question for the stoch neg diverg indicator with the green plot on
> some of the bars.
>
> 3. The # of issues with divergences plot makes sense to me as a
> representation of what is occurring in the market as a whole. We have adv
> and decl issues, up vol and down vol, and now OBI and OSI as a market
> indicator. Is this correct?
>
> 4. I am surprised how different the bottom two plots look.(stoch obi osi
> and RSI obi and osi)
>
> 5.The 10/13/2000 RSI obi osi was a very big false signal for the overall
> market (not shown here), is that correct?
>
> 6. The individual security and market signals work very well together if the
> stock is highly correlated to the overall market (ADCT has a low
> correlation). If the correlation is low then one needs to be very careful
> about drawing trading conclusions from any of the market based charts,
> although the upper two security based charts are helpful.
>
> 7. In one of your recent posts you plotted a continuous curve for Stochd
> OSI, where did that "foreign" security get generated and how do I plot it?
>
> Very nice work, thank you
> Trader
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