|
PureBytes Links
Trading Reference Links
|
On Fri, 9 Apr 1999 09:28:03 -0700, you wrote:
>There is no substitute for good old TA grunt work, but for the "TA
>impaired", here's the latest "auto-pilot" trade using Chande's Momentum
>Oscillator on Cocoa.
When I did similar things as a basis of my "Know-how Recycling" work
on DAX options, I found the result very sensitive to the number of
days used in the CMO indicator. Seemingly, there has to be a
"resonance" between the "frequency" of the CMO and the "main
frequency" of the price to make things working well.
To cover a range of years (with bullish & bearish periods and very
different price "frequencies"), I was not successful using _one_ "CMO
frequency". Even using several (up to 5) "CMO frequencies" in parallel
was not satisfying (and could not be handled easily in MetaStock
because of its stupid restrictions).
The way out I found, is a "variable frequency CMO" I constructed by
interpolation. It seems to work reasonably, but I use this type of
indicator only as a back-up at this time, because I found a more
powerful and more flexible one, combining simple ROC and
LinearRegressionSlope.
mfg rudolf stricker
| Disclaimer: The views of this user are strictly his own.
|