|
PureBytes Links
Trading Reference Links
|
While I appreciate Allen's view of Tuchar Chande, I have found his
VIDYA-concept to be INVALUABLE - no, VERY INVALUABLE - to profitable
trading.
Without "hyping" anything, I would refer to the January issue of TASC.
Good luck and good trading!
----------
> From: Allan Kaminsky <allank@xxxxxxxxxxxxxxxx>
> To: Rick Pereira <rick1@xxxxxxxxxxxxx>; omega-list
<omega-list@xxxxxxxxxx>
> Subject: Re: Trading Systems
> Date: Thursday, June 11, 1998 10:38
>
> Although I agree strongly that Volume (and perhaps breadth) are very
> important, I would caution you that TRIN is an illogical mathematical
> formulation. As such, it frequently distorts the very information you'd
> like to get.
>
> Although I'm not much of a fan of Tushar Chande, his explanation of
what's
> wrong with TRIN is valuable; see "The New Technical Trader," Chande &
> Kroll, Wiley, 1994. He proposes a different construction that uses the
same
> components and that is far more solid mathematically.
>
> TRIN has the advantage that it is disseminated throughout the day
(history
> reigns supreme). However, you'll get a lot farther if you use the
> underlying components to calculate a replacement.
>
> Allan
> ________________________________________
>
> At 11:32 PM 6/10/98 -0700, Rick Pereira wrote:
> >Could someone direct me to a company that codes systems? Most the
> >systems for sale are junk. If someone knows of a company that could code
> >
> >a system so I could lease it out and could also provide some form of
> >guarantee as to the code remaining outside of the public domain, please
> >contact me.
> >
> >If you are still looking for the Holy Grail of systems development, look
> >
> >at trin, and the oddlot shorts for coding signals. Volume/breadth is
> >what you should key on also.
> >
> >--
> >Rick Pereira
> >OEX Trader Ltd.
> >http://www.oextrader.com/
> >
|