|
PureBytes Links
Trading Reference Links
|
Jim,
I am a very newbye both in TA and in MS use.
I have noticed that, plotting PDI and MDI in a same inner window and with the
same scale:
- when PDI peaks and (at the same time or within 2-3 bars) MDI throughs, prices
make a peak
- when MDI peaks and PDI throughs (as above), prices make a through.
The highest the ADX the more significant the top or bottom.
Hope this helps in some way.
Tommaso Galanti
Ortona
Italy
Wooglinx@xxxxxxx wrote:
>
> Ian:
>
> Thanks for your input. The 10 day EMA of the DMO has some possibilities.
>
> The one concern I have is the timing of trade implementation. That is, when
> using the DMO alone, the trader has to wait until there is a crossover of the
> zero line and then make his buy or sale trade at the open on the following
> day. A three day shift 10 day EMA may put the trade execution further away
> from the crossover line by as much as 5 days!!
>
> OTOH, this delay entry/exit can work to affirm the change in trend reducing
> whipsaws as you suggest.
>
> Several other indicators, such as the MACD Binary Wave combined with the
> Stochastics Oscillator (%K parameters of 10 and 3, %D = 3 simple) when used
> with the Parobolic SAR (Step = 0.0200; Max = 0.200), a 50 Day SMA and tightly
> drawn trend lines can also help reduce whipsaws without additional lag. When
> these are combined with the Joe Ross method for money management I believe,
> IMHO, the probability of profitable trades increases dramatically.
>
> The MACD Binary Wave is simply the "square" wave of the crossover points of
> the two MACD lines,e.g., If(MACD(), >, Mov(MACD(),9,E), {bullish} +1,
> {bearish} -1).
>
> I am still looking for better approaches and welcome any input from the list.
>
> Sunday, our local Angler's Club had our annual family picnic at which we
> cooked over thirty pounds of marinaded shrimp on the "barbie". Unfortunately
> there was no Foster's. Just Molsens and Bud.
>
> Good trading
> Jim Barone
|