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>Hi,,,Randy.
>After I read your first post about 3 ROCs, I tried that on my tradestation
and found very interesting and >promising. If I may explain what I observed
so far.
>First, the signal we get from 3 ROC convergence is 100% correct. We don't
get this signal from every corner of >the trend change,,,but when we
see,,,it's right.
>Second thing, 3 ROC really doesn't have to converge at one point to
signal. When only 2 of them meet at one >point and third one moves in the
same direction with other 2,,,,the signal was good enough. Like you
>said,,,this 2 by 1 signal sometimes hints on shortlived trend or
countertrend top/bottom.
>Third, to be able to trade this signal,,,there's always one day/bar lag.
Like today's S&P,,,3 ROC almost met at >one point,,,but we can't be sure
until the end of tomorrow's session to make sure these downward ROCs
>change their direction. It could be another day,,,tomorrow that 3 ROCs
move downwards all together tangled.
>Fourth, I tried to think to make another indicator based on these 3 ROCs
or maybe a system that generates >signals,,,,but not easy one.
>If you don't mind,,,,I want to work on this indicator together with
you,,,and maybe some others who are >intersted in it. Let me know,,,what
you think,,,and maybe what you found more about this.
>Regards,,
>Kevin Shin
Kevin,
Nice going. The above is right on. I will add some other observations
tomorrow.
For those of you following this thread the above observations are correct
and should help in our effort to extend the possiblities of a profitable
system. Keep going and keep responding.
Thanks to Jerry Rehert and Jim Gavey for the formula, .GIF converter, and
.ELA file. I will be working on this throughout the weekend to put together
an exit point after the trade is put on. I will also be able to use a .GIF
in my responces to help explain.
from Petersburg, MI
Randy
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