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Ian,
I like to use a CCI in the same fashion you are using the RSI. This was
popularised by D.W.Davies at Tradertalk. He also wrote a TASC article about
it in '95, I believe. One other option is a short term indicator along with
a long term. I like to do this with the Williams%R. I believe Jim G. does
this with a StochRSI.
J.
>From: "Ian Burgoyne" <iburgy@xxxxxxxxxxx>
>Is anyone on the list able to suggest a really good short term momentum
>indicator which gets you close to the tops and bottoms of short term
>trades(3-5 day). I use a 3 day RSI smoothed 3 periods as suggested by
>Walter
>Bressert in a TASC article some time back which is not bad (see code
>below).
>I also use the CMO in the same way but both are too similar. I'm after a
>second confirming indicator. Any suggestions?
>Ian
>
>RSI code Mov(RSI(3),3,S)
>CMO code Mov(CMO(C,3),3,S)
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