|
PureBytes Links
Trading Reference Links
|
Hi Martin
A note to clear up any misunderstandings.
As I said in my post, I quoted the VRI comments
from Holt's software manual. I specifically said
I had NOT used the indicator.
Reading the manual, Holt is suggesting that when you
get to oversold (in an uptrend), that's the time to
buy for a 3/4 day rally; vice versa for a downtrend.
For the record, I do not believe in indicators -
except for swing charts to aid in trend identification.
For me observation of mkt activity, rather than indicators,
is always going to give the trader a better edge.
regards
ray
R Barros
101/25 Market Street
Sydney NSW 2000
Australia
Voice: 612 92673470
Fax: 612 92673478
E-Mail: ramon@xxxxxxxxx
----------
> From: Martin Haesler <mhaesler@xxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: VRI
> Date: Thursday, April 02, 1998 11:34 AM
>
> I am trying to understand the VRI indicator
>
> Yet Ramon Barros seems to say we plot a difference. That we plot a
> momentum indicator which is usually a difference between today and some
> no of periods back.
|