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Dimitris,
I appreciate your kind words about my code :-), Johan, Peter and
yourself helped me get started. I do a lot of copy and pasting since
I don't have a clue about all of the "stuff" I see in some of the
formulas! Is there a way to "Optimize" a "Fast" "Medium" and "Slow"
line that will remove the distortion? I currently accept the
distortion for intraday trading, I know that a sharp price correction
is about to occur when the distortion appears. When the red line is
near or touches the top or bottom dark blue channel (signals
overbought or oversold) I actually begin watching for the
distortion. If the distortion occurs at the same time your Optimized
RSI and MACD signal a change I know a significant price move is
likely to occur. This is currently the most profitable intraday
setup that I use. I also use these lines to filter any signals that
occur during price consolidations. I have also noticed that if the
Price closes above or below the "Fast" line after your RSI or MACD
signal a change that a sharp price move usually occurs. I was hoping
there would be a way to "optimize" them and provide actual price
entries and exits with your Current RSI and MACD systems. I will
remain in "manual" mode hoping that someday I can move
to "automatic". :-)
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