|
PureBytes Links
Trading Reference Links
|
Randy and Kevin;
I have one question, and that is, could this ROC be used for
daytrading the S&P? I would think that this indicator should be able to
work in any time frame, from looking at the .gif. Any comments from your end?
Thanks;
Don
At 08:12 PM 05/03/98 -0500, you wrote:
>>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
>
>
>
|