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Here's an easy way to set up QCharts to more or less track Mark's
oddball system.
Top chart, e-mini s&p futures (cme:es01m) day session only, 30 minute
bars.
Bottom chart, NYSE advancers minus decliners (qc:advdec.ny) 30 minute
bars.
Apply the momentum(13) study to the bottom chart. There are 13 30-min
bars in a day for that symbol so 13 is the magic number to make sure you
are comparing to the same time yesterday.
Long when the momentum crosses above zero. Short when the momentum
crosses below zero. That's not quite the whole story and people with
more advanced software can play with various extras but that's the basic
idea.
So, eyeballing the chart, it got long 30 minutes after the open
yesterday at about 1293 and got short 30 minutes after the open today at
about 1311.
--
Dennis
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