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To all, I have played with some of the moving
average ribbons that Anthony Faragasso so graciously supplied after I made my
first inquiry to the Amibroker Tips yahoogroup, after I first started
trying to use Amibroker. I used the code that Anthony supplied to
create multiple moving averages of OBV, RSI, , Stock D, and Stock K.
I am mature enough to know I have not found the holygrail, however, my
initial look at the results of using moving average ribbons of various
indicators makes me hope that I am possibly observing the
beginnings of the holymug. I am going to paper trade the
QQQ's to see how much I would have made over the last few months. After
applying multiple moving averages to various indicators, I have concluded
that the regular Stoch that is available in Amibroker can't be beat
because the moving average ribbons of stoch D and Stoch
K did not improve anything. HOWEVER, I am mildly excited about what I
see On the QQQ chart when I displayed multiple moving averages of OBV, and RSI,
along with Amobroker's built in Stochastics. I have also displayed
the Amibroker Parabolic SAR, as well as Demitri's Trend Detector. I am going to
do a non-techie, manual, back test on the QQQ's using buy and sell
signals based on my reading of these indicators. However, I am going to fine
tune my entrys and exits based on the multiple moving average ribbons of OBV and
RSI. I only looked at these moving average ribbons for the first time
tonight . My first impression is that a slight upward slope of
the ribbons of OBV indicates that a reversal is imminent. My initial
observation is that a slight change of the slope of the ribbons of OBV
seem to slightly lead a reversal of the slope of the ribbons of RSI, but what do
I know. Ron D
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Attachment:
ribbons of RSI and OBV.zip
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