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To be fair to Barry here... these "rescaled" overlapping indicators can be
quite useful. In RavenQuote I discovered a great combination for daytrading
where you plotted part of an MACD, then overlayed just the signal line as a
separately scaled indicator, and the way they crossed and rescaled helped
mark the end of a mini-swing better than the MACD alone.
So it is no illusion, but rather, in certain cases, a crude kind of dynamic
indicator.
Of course, now RavenQuote is dead... so there you go.
Best regards,
Gene Pope
----- Original Message -----
From: "Stuart Lynskey" <slynskey@xxxxxxxxxxx>
To: <bkmk@xxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Tuesday, December 04, 2001 5:34 PM
Subject: Re: Strategy ELA help
> Hi Barry
>
> Short answer is No - strategy deals simply with values - you must have the
> values on the same price scale to do any crossover statements.You
> are seeing an optical illusion - T/S will rescale your indicator scaled to
> screen as new prices are received and thus produce different crossovers.
>
> Rgds Stuart
>
>
> From: "bkmk" <bkmk@xxxxxxxxxxxx>
> To: "Omega-List" <omega-list@xxxxxxxxxx>
> Subject: Strategy ELA help
> Date: Tue, 4 Dec 2001 16:38:04 -0500
>
> I have a chart in which I plot a stock in subgraph 1. In subgraph 2, I
> have 2 indicators plotted. One is scaled the same as the symbol and one
> is scaled to the screen. The 2 indicators have different ranges (55-60
> -same as the symbol and 4550-4700). I would like to write a strategy in
> which I buy when one indicator crosses over the other. Can this be done
> if they're scaled and range differently? Just writing:
>
> If Indicator1 crosses over Indicator2 then buy at open;
>
> obviously doesn't work.
>
> Thanks in advance.
>
> Barry
>
>
>
>
>
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