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Daniel,
I have been playing with the same indicator and noticed like results.
Was also adding the FEARfast and am testing the following:
bonds... price hits upper band and then comes lower....if price forms a
pivot point when comes lower and the pivot point is below then cyan line
(fearfast) then consider shorting at the pivot point.
anyone else noticed anything similiar???
opposite to go long.
gil ward
lakeland, fl
Daniel wrote:
> Walt - Thanks for the posting of your interesting indicator. I
> experimented with the FEARnv lines today with the bonds in real time,
> and noticed that the channel lines would move away and readjust
> themselves as the price bars approached the line. This was especially
>
> apparent in the bonds today as they climbed steadily higher through
> the
> day.
>
> It looked more like the FEARnv line was afraid of the price bars than
> the other way around! The lines also move around and readjust as one
> scrolls through the bar chart at the end of the day - the lines will
> adjust to the major highs and lows of whatever is showing within the
> window of the screen at the time. I set up the indicator on TS as you
>
> had suggested, with scale set to SCREEN. From experience, I know that
>
> other indicators will also move around and adjust themselves, even
> moving averages, if you use SCREEN for scaling instead of "same scale
> as
> price data".
>
> Because of what I saw today, I am not sure how one would use the
> FEARnv
> line as an indicator for market exhaustion level or reversal point -
> if
> the lines keep moving away with the price or adjusting themselves
> depending on the range on the screen at the moment?
>
> Any comments on the above, if it is understandable?
>
> Thanks, Daniel, Seattle
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