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[amibroker] Re: ribbons of RSI and OBV.zip



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Ron, the majority of traders watch the regular stochastics
and that is why it might be hard to beat. 
thanks for the files anyway. I will look at these in realtion
to seasonal tendendcies
nand


--- In amibroker@xxxxxxxxxxxxxxx, "mrdavis9" <mrdavis9@xxxx> wrote:
> 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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