|
PureBytes Links
Trading Reference Links
|
Ok I agree if you use all those Indicators, I don't use much, it
works. I like back adjusted by not adjusting. Just slap the new one
on with a big old gap if need be.
I guess moving averages are still the top pop indicator.
Jimmy
Friday, January 28, 2005, 11:08:40 AM, you wrote:
>> but what would a back adjusted bond be. Useless for anything I
>> can think of except current price. What system would work on a bond
>> prices at 10 or 15? The system would think you lost your digit.
GF> Any system that only pays attention to relative price changes --
GF> which includes most common calculations and indicators like
GF> moving averages, MACD, ADX, RSI, stoch, you name it -- doesn't
GF> give a flying flip what the price level is. It'll return the
GF> same values whether the base price of the underlying is 1 or
GF> 1000000. Most things don't even care if the price goes negative.
GF> Now anything that pays attention to absolute price levels --
GF> which includes things like S/R levels, things like that --
GF> definitely DOES care. You don't want to mess with price levels
GF> if you use that kind of analysis.
GF> As with many things, the "right" answer depends on your
GF> prejudices. :-)
GF> Gary
--
Best regards,
Jimmy mailto:jhsnowden@xxxxxxxxxxxxx
|