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> > > -----Original Message-----
> > > From: Lutz Mehlhorn [mailto:lutz.mehlhorn@xxxxxxxxxxx]
> > > Sent: Saturday, May 15, 1999 6:41 AM
> > > To: Omega
> > > Subject: ASCTrend
> > >
> > >
> > > Dear Listtrader,
> > >
> > > in searching for a good trend-indicator-System I found the ASCTrend
> > >
> > > www.ablesys.com
> > >
> > > It looks quite good also the awards are impressive.
> > >
> > > Has anyone experience with this indicators, are they that acurat as
> > > described?
> > >
> > > They cost a lot of money so I am very interesting in short comments
of
> > > people who are using or who have unsed ASCTrend.
> > >
> > > Thanks a lot
> > >
> > >
> > > Happy Trading :-)
> > >
> > > Lutz
> > >
> > >
> >
> >I've been using ASCTrend since it was first released several years ago.
> >
> >It has proven to be an excellent confirming indicator when used with my
> >other trading signals. The early version that I use provides two
> >independent trending measurements, as well as coloring the price bars for
> >up/down/no trend.
> >
> >As a position trader, the way I use ASCTrend is by creating a workspace
for
> >each of the 16+ futures contracts which I trade. In each workspace I
have
> >6 charts... from left-to-right, top-to-bottom:
> >
> >Weekly ASCTrend2 Daily ASCTrend2 Hourly ASCTrend2
> >Weekly ASCTrend3 Daily ASCTrend3 Hourly ASCTrend3
> >
> >(ASCTrend 2 is more conservative than ASCTrend 3, and they provide
> >independent trend indications).
> >
> >By glancing at this screen, I can get a terrific dynamic "trend reading"
> >for each contract, which I use primarily for determining exits.
> >
> >While I have some personal disagreement with ASCTrend's current
> pricing and licensing policies, and have personally chosen NOT to upgrade
> from version
> >1.0x (the current version is 3.x), I do think it is an excellent trading
> >tool, and I use it every day.
> >
> >(I should note that I use CQG for my primary data feed/charting/trading)
> >
> >Doug
> >
> ASCTREND IS NOTHING MORE THAN A 9 PERIOD FAST STOCH, WHICH PAINTS
> THE BAR GREEN WHEN STOCH CROSSES ABOVE 70 AND PAINTS THE BAR RED
> WHEN IT CROSSES BELOW 30. THESE LEVELS ARE ADJUSTABLE BY SENSITIVITY
> SETTINGS FROM USER. ALSO, ASC'S STOPS ARE AGAIN NOTHING MORE THAN
> CHUCK LEBEAU'S YO YO EXIT. ASC IS GREATLY OVERPRICED, AND HAS MADE
> IT'S PROMOTER MORE MONEY RISK FREE, THAN HE COULD HAVE EVER MADE
> IF IT ALL POSSIBLE USING THE DUMB INDICATOR IN THE MARKET. ASC
> SHOULD HAVE BEEN PRICED AT $25, AS ONE OF BRUCE BABCOCK'S SYSTEM'S.
Hi Liz,
Wow, your post really got me thinking! So, I plotted the stochastic just as
you mentioned on the same screen as ASCTrend. Sometimes the correlation was
close, but mostly it was not. Maybe your stochastic (9 period w/30-70
lines) is different than mine? I also compared similar stochastic plots in
TS4 and CQG, and they were the same.
I've read comments similar to yours over the years in the newsgroups... "oh,
it's just a xxxx (indicator)" but I've never seen another indicator that
changes when ASCTrend does. (if I did, I'd probably toss ASCTrend and use
the "real" indicator it was based upon...) Regardless, I usually check out
whatever I hear, just to know for sure...
Doug
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