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Percent R is an Oscillator. Oscillators compress reality into a small box
so it becomes less real. The Percent R shows when the market has gotten
itself long or short (in the mind of an Oscillator). Larry Williams
invented the Percent R which is close to a Stochastic. He used %R to
identify the end of corrections against the main trend as identified by a
Moving Average. He then used a trigger to enter the market.
MA Helps determine the overall flow of the market and %R helps you identify
a safer area or zone to get in to the market you then need a trigger to get
in.
That is what a system does -puts the right tools together over time. An
indicator on its own is not a system
David Hunt
http://adest.com.au
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| From: omega-digest-request@xxxxxxxxxx
| To: omega-digest@xxxxxxxxxx
| Subject: omega-digest Digest V98 #517
| Date: Friday, September 25, 1998 1:55 AM
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