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If you use the distorsion this way, then I do not see any problem !!
It is nice to share coding/trading ideas, many thanks again.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "wooziwog" <xcitemint@xxxx> wrote:
> 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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