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All,
I'm sure that you could get some engineers to devise an optical scanner
that would measure the distance between the various plots visually, but
what is the advantage in that, you can just look at it yourself. I have
found that even with excellent indicators that visual inspection is the
only way to "see" the nuances of the markets. So, if you believe in your
plan whats wrong with your eyes? I will offer this one idea for you to
consider. Take the ROC and nest it in and RSI with a length of 10 subtract
50. Now you can use 25 and -25 to give you Over Bought and Over Sold
signals.
Best Regards,
Brent
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> From: RANDALL L. REED <75231.2457@xxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: ROC
> Date: Thursday, March 12, 1998 7:12 AM
>
> Michael,
>
> >I can't see how you can construct a system when each respecticve ROC is
> >"scaled to screen"? Since you are thus comparing different levels
> >visually that may not translate numerically?
>
> That's why I have no system. Hoping someone has an answer. Maybe
> there is no way to construct a workable system due to the variables
> changing
> with every bar. I do know that once a signal (apex formed) is indicated,
> even though it may seem to disapear as time (bars) go on, the original
> signal
> as it appears on the right side of the screen is valid.
>
> Randy
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