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I use the Bull Fear- Bear Fear to watch over all strength of market trend. I
find it works well.
I will look into the Demand Index and see how it compares.
Thanks,
Brian
----- Original Message -----
From: "yukitaga" <yukitaga@xxxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Saturday, October 18, 2003 9:00 PM
Subject: [amibroker] Re: Chaikin Money Flow question
> --- In amibroker@xxxxxxxxxxxxxxx, Bill Pritchard <billpritjr@xxxx>
> wrote:
> > Curious how many people use Chaikin Money Flow as part of their
> analysis. If so, could you please pass along what is the "overall
> best" time period to use?
> >
> > I use dual SMA crossover to trade stocks, mostly SP 500 index
> stocks, with a time frame of 3 to 6 months from buy to sell or sell
> short to cover.
> >
> > Looking to enhance my trading and CMF seems like possible good
> indicator
> >
> > comments, info wanted!
>
> Personally, I find that to be one of the most erratic indicators
> around. It works sometimes, but the misses are glaring, huge, and
> unpredictable. I don't even find it very good as a coincident, but
> I'm sure some people swear by it, although I'd swear they are in
> altered mind states. ^_^
>
> The only way I would consider using it would be with extreme
> smoothing, and of course that is going to introduce extreme lag.
>
> I would suggest you take a look at the Demand Index, smoothed. Try
> a TEMA of the 21 period DI, then overlay a 30 period EMA of that on
> top of it. I think you will find with practice you get a pretty
> good feel for intermediate term direction. This combination, used
> wisely and with practice, will likely keep you from getting on the
> wrong side of the market.
>
> Be aware of where that 30 period EMA is in relation to zero, and
> where the 21 period TEMA DI is in relation to both the 30 EMA, and
> zero of course.
>
> Compare a chart composed like that with the CMF, I think you'll
> never look at the CMF again. ^_-
>
> YMMV,
>
> Yuki
>
>
>
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>
>
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