|
PureBytes Links
Trading Reference Links
|
Some have been looking for an indicator that won't swing them in and out
of positions like stochastics and to a lesser degree MACD does. I also
use a program called Livewire in conjunction to DTN. DTN supplies the
data and Livewire does the charting real time from the data (when the
data comes in the chart changes.) Livewire has an indicator called
On-Balance True Range that I swear by. Livewire gives little info about
it. When you select this indicator you get a five item choice list:
1) Seed, # Points (1-250) 10 is the default value.
2) 1st MA # Points(1-250) 10 is again the default
3) 1st MA Type (S,E,W) E is the default.
4) 2nd MA # points (1-250) 10 is again the default
5) 2nd MA Type (S,E,W) E is the default
Obviously MA means moving average. I'm guessing S,E,W means Simple,
Weighted or Exponential. Thats it. I'm new to MegaStock but I haven't
yet found this in their list of indicators. If someone knows where it
is let me know. Any way, it works. It keeps you in a stock thats
moving and tells you when to get out. Has two lines like stochastics
but it stays with a trend unlike stochastics which will give numerous
buy and sell signals along the way.
Anyone else familiar with this indicator?
--
Bob Doeden
Chicago
Remove SPAM from email address when replying.
--
Bob Doeden
Chicago
Remove SPAM from email address when replying.
|