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I have loaded the 3 ROC's on a chart of 1 min S&P. If I let TS scale the
indicators to the screen then there seems to be convergence at some of the
turning points. If I set the scale to USER set - and make them all the same
then I do not see this convergence of the ROC's at turning points.
What scaling factor is everyone using? Are you looking for a convergence of
these into an area of the chart or for them to all cross 'zero' at the same
time?
Thanks in advance to all.
John
RANDALL L. REED 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
--
John O. Romero
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