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FROM: RANDALL L. REED, 75231,2457
Re: ROC indicators
To All,
After reading Martin Pring's "Market Momentum" I have tested some ROC
indicators in SuperCharts per his suggestions. Using a daily bar graph
window I created three ROC indicators and put them in the same subgraph
(one) as the bar graph. I used 7, 14, & 20 day lengths. I found exactly
what he said to look for, and that is, a point in the graph where all 3
indicators converge to form an apex. I found them pointed up (apex) and
pointed down (inverted apex ). What followed in each case was a very
obvious change in the direction of the trend. Using short Time periods
(less than a month time span in daily bars) in the window made it very
clear. The results were the same regardless of daily, weekly or monthly
data.
What I need is someone with tradestation/SuperCharts and a bit more
experience to suggest a simple system which I can use to back test using
the apex as a buy point . IOW an .ELA system file. I don't have good
programing skills and have trouble writing system formulas that work (but I
am slowly learning). I have picked up some good .ela files right here in
Realtraders so thought this was a good place to pass along what I found.
I am sending this along to my fellow Realtraders in hopes that someone is
interested enough to check out the above and possibly share their thoughts
as well as their suggestions. I love trading and have been at it for
several years with mediocre success, mostly because I have not yet figured
out the art of building a successful trading system. (Looking for a good
book on building a basic trading system from A to Z ).
I have also experimented with a smoothed ROC exponential moving average
with a moving average crossover as a buy point. Some interesting results
there as well but again because of limited understanding of SuperCharts and
programming skills I have not been able to back test.
Your input and suggestions would be most helpful and appreciated. You can
contact me privately or through
Realtraders.
from Petersburg MI,
Randy
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