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Intelligent Futures Trading - Chick Goslin - IFT system
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Article published in TAM Dutch TA-magazine Jun98. For info on IFT
"Intelligent Futures Trading - Chick Goslin" check on the Windsor Books,
POBox 280, Brightwaters, NY 11718, USA - 1997 Goslin-book
(ISBN 0-930233-63-8).
====================================================
As the IFT-system is a too "great and large" system to mention here in
detail, please be refered to the above mentioned book and its included
explanationairy charts.
The Chick Goslins IFT book contains everything common TA books
have left out. Below find the indicators and exploration.
Indicators:
Name: IFT-Confirming Line - Chick Goslin
{Intelligent Futures Trading - Chick Goslin
Trend's intermediate/Mid-term line -13 can be replaced by up to 17 days}
Mov(C-Mov(C,3,S),13,S)
{This indicator is copyrighted by and propriety of
Ton Maas - Amsterdam - the Netherlands}
Name: IFT-Direction Line - Chick Goslin
{Intelligent Futures Trading - Chick Goslin
Trend's directional line}
Mov(C,49,E)
{This indicator is copyrighted by and propriety of
Ton Maas - Amsterdam - the Netherlands}
Name: IFT-Timing Line - Chick Goslin
{Intelligent Futures Trading - Chick Goslin
trend's short term line - the tricker-line}
C-Mov(C,3,S)
{This indicator is copyrighted by and propriety of
Ton Maas - Amsterdam - the Netherlands}
Name: IFT - 48 Turnaround Line - Chick Goslin
Formula:
{based on ideas gotten from Chicks book - INTELLIGENT FUTURES TRADING,
published 1997 by Windsor Books, POBox 280, Brightwaters, NY 11718,
and published in TAM Dutch TA-magazine, Jun98}
MTMidM1:= Input("MidTerm periods MEDIAN price x-days ago", 1,1000,47);
MTMidM2:= Input("MidTerm periods MEDIAN price x-days ago", 1,1000,48);
MTMidSMO:= Input("ShortTerm SMOOTHING periods MEDIAN price", 1,1000,1);
Mov(
((Ref(MP(),-MTMidM1)/2.1)+
(Ref(MP(),-MTMidM2))/1.9),MTMidSMO,S)
{This indicator is copyrighted by and propriety of
Ton Maas - Amsterdam - the Netherlands}
Name: IFT- TREND UP SIGNAL SHORT TERM
{Binairy Wave, 1 = long and 0 = short}
If(Mov(C-Mov(C,3,S),13,S)>
Mov(Mov(C-Mov(C,3,S),13,S),15,E),+1,-1)
{This indicator is copyrighted by and propriety of
Ton Maas - Amsterdam - the Netherlands}
Name: IFT-CONFIRMATION of trend-Chick Goslin-Bi-wave
{Binairy Wave, 1 = long and 0 = short}
If(Mov(C-Mov(C,3,S),13,S)>
Mov(Mov(C-Mov(C,3,S),13,S),50,S),+3,-3)
{This indicator is copyrighted by and propriety of
Ton Maas - Amsterdam - the Netherlands}
Exploration:
Name: IFT - INTELLIGENT FUTURES TRADING
Formula:
{Longer Term Filter}
C>fml( "IFT - 48 Turnaround Line - Chick Goslin")
{The indicator+exploration is copyrighted by and
propriety of Ton Maas - Amsterdam - the Netherlands}
===================================================
Just a brief comment:
A while ago I read a part of the Chick Goslin "Intelligent Futures Trading" book and
in chapter 5-Learning and Chapter 7-Charts, Chick refers to his indicators used and
also to an easy way to determine if we are in an Up trend or not
(then especialy see Chapter 7- chart Pg1 on pag 95 - Review of April Cattle(5 Jan))
-----quote:----------
The Direction Line(49SMA):
The first thing I do when looking at a chart is to go back ten weeks and circle
a day 47 or 48 trading days ago. This gives me an instant view of how easy or
difficult it would be for a trend to change.
-----unquote-------
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