|
PureBytes Links
Trading Reference Links
|
Peter,
All three ROC indicators must converge together to form a point at which
they all change direction together to form a "V" on one bar. If the
indicator "V's" are separated by space, (one above the other rather than
all three having the same point) there is a change in trend but it is
sometimes short-lived.
If you build three windows with one ROC indicator in each window and they
have all hit an abnormally high "high point" or unusually low "low point"
on their own scales AND you can draw a straight line from the top of your
charts to the bottom and hit the center of the "V" of all three ROC
indicators you will also see a change in trend. I found it is easier to
put all three in the same window.
I would "attach" an example chart to my replies but I don't know how to
convert a SC chart to GIF. Maybe someone can clue me in. It would make
explaining much easier.
I've started the ball rolling and now I'm hoping someone will see the
opportunities in this structure and come up with a simple and trading
system and then forward it along so that we can work futher to perfect it.
(maybe I'm asking for too much?)
Thanks for your formula. It is a start and I will try to put it in SC to
check it out.
I like what I've found so far and will send along some other observations
tomorrow.
from Petersburg, MI
Randy
|