|
PureBytes Links
Trading Reference Links
|
>From: Bob Hunt <RHunt.066@xxxxxxxxxxxxxxxx>
>Date: Sun, 02 Nov 1997 08:10:12 -0800
>Subject: Re: Unreliable online data collection
>
>Roy C. Sampley wrote:
>> One of LW's best indicators (RSIS) is an almost
>> uncanny predictor of action of the market. It and your choice of
>> five other indicators can be run on tick or hourly or daily or weekly
>> data and will update right on the screen. RSIS is RSI of >>
Stochastics.
>*************************************************************
>Roy,
>This sounds like an interesting indicator. What kind of periods do
you >normally use for the RSI and for the Stochastics? Bob Hunt
Roy and Bob,
Your combination of indicators is interesting and has definite
advantages. "The Compleat Day Trader" mentions the MA of the Fast Stochastic
(pp 43), and and then the MA of the RSI, (both first derivatives), and
later the RSI of the MA RSI (pp 88) being the
second derivative of calculation. [Whereas a derivative is merely
a quantity derived through the mathematical manipulation of a
previous quantity.]
A study of Stochastic on the RSI (p93) is noted as "outstanding
potential" to day trading; ... then a RSI on a RSI which will smooth
but not delay the signal's response to a changing market. Good Stuff.
You're on to something.
Jim Kuzma
____________________________________________________________________
Get free e-mail and a permanent address at http://www.netaddress.com
|