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Sometimes the crossing doesn't actually occur on a day's boundary and
will give the impression that the buy signal is "late" and extra day
when looking at the chart without a trade list and a crosshair on the
chart. I think that's what you're seeing.
As to the extras - His system is designed to be in the market at all
times. In other words: whenever you see the first buy he purchases
stock, when you see the sell he not only sells the stock but he also
shorts it at the same time. The next buy then actually covers the
preceeding short but also buys. In other words there is an implicit
short for every sale and an implicit cover for every buy. With it
working this way you can't have 2 buys in a row or 2 shorts in a row.
Does that help?
dingo
-----Original Message-----
From: Anthony Faragasso [mailto:ajf1111@x...]
Sent: Saturday, July 20, 2002 11:10 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] StoRSI
Hello Dingo,
If you look at the image file that I attached to the post, if you start
from the left of the screen and counting the buy signals, the fourth and
seventh buy signals do not jive with the StochRsi above it, Also,
starting from the left of the screen and counting the boxes, the fourth
box contains several buy signals ( 5 ?), the next box contains (2 ? )
the last box contains ( 3 ? that can be seen ), What does Steve use to
filter out the successive buy signals ?
Thanks
Anthony
dingo wrote:
> Anthony,
>
> Have you run the formula? I did and looked at every signal and
> compared
> my chart with his and they jibe. The buy arrows show up the day after
>
> the StochRsi Crosses the 17 line just as he said.
>
> According to the formula there aren't any extra signals. That's what a
>
> lot of the discussion on this thread has been about - how to make it
> more efficient.
>
> dingo
>
> -----Original Message-----
> From: Anthony Faragasso [mailto:ajf1111@x...]
> Sent: Saturday, July 20, 2002 10:21 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] StoRSI
>
>
> Hello Steve,
>
> Please see the attached image, Thank you for sharing the StochRsi
> formula, but I have some questions regarding your buy signals, in your
>
> post you state "All trades are initiated on the opening, the day
> following the signal."
>
> If this is true, then looking at the image file #1 you provided , the
> Buy signals do not seem to coincide with the Trigger level of the
> StochRsi , Also, how do you filter out the excessive buy signals.
> Would
> you be able to share more of the formula ?
>
> Thank you
> Anthony
>
> Steve Karnish wrote:
>
> > List, Last December, I presented my StoRSI indicator to the Fort
> > Collins Market Technicians Association (a group that gets together
> to
> > drink beer and eat Mexican food...at an Irish Pub). At the time, I
> > had been trading the system for approximately a year. It has
> > continued to trade profitably during the past six months "slide to
> > hell". For those who might of missed previous post, the guts of the
>
> > system are attached. Sorry, but I can only provide MetaStock code.
> > All trades are initiated on the opening, the day following the
> > signal. Take care, Steve Karnish, CTA
> > Cedar Creek Trading
> > www.cedarcreektrading.com
> > 1-877-668-1125
> >
> >
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