|
PureBytes Links
Trading Reference Links
|
Looks like Vidya indicator or something on the same philosophy. The
horizontal line is parallel to the up-down limits of the envelope, when
the envelope turns somewhat horizontal. Little risky tho. Probably
that's why he or she are using candlestix: for extra protection-trend
identification and forecast-anticipation. For more, read the S&C article
by Mr. Gerald Marisch on March 98 issue.
Peter
Jay Mackro wrote:
> The other day, someone (yea, I should have saved the message)
> posted a reference to the following url:
>
> http://members.home.net/cote/twominute.htm
>
> At that site, there are several TradeStation screen snapshots
> that show what appear to be perfect buy and sell signals for
> intraday S&P data. Now, I've been around enough to know that
> these are probably "well chosen examples", or perhaps even
> entries developed after the fact.
>
> Still, the charts are intriguing - they seem to use some
> geometric construction of support/resistance and trend lines
> to arrive at the entries. Can anyone shed any light on
> where this came from? There is no identifying information
> on the webpage, and when I access http://members.home.net/cote,
> I just get a blank page.
>
> Thanks
>
> Jay Mackro
>
> ps: Believe me, I am NOT promoting or endorsing whatever is
> being offerred at this web site!
|