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Hello Steve,
"Brian doesn't use it to trigger trades.
He kind of uses it to exit positions,"
Don't know about Bell's line thingy but I use the Kaufman AMA as a
get-ready-to-exit signal. Much more so than as a moving average per
se. Lidewise, the Market Efficiency Ratio that drives it is a very
helpful indicator in its own right to distinguish between drift and
real price movement.
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
Thursday, April 25, 2002, 1:12:28 AM, you wrote:
SK> John,
SK> After Brian showed us his new indicator, the Bell Warning Line, and
SK> overlayed it next to Perry Kaufman's adaptive moving average, I asked him to
SK> toss a 21 day simple average in the mix. Guess what? In my opinion, the 21
SK> day simple average tracked the market better than the other two (at least in
SK> the examples he showed). Bottomline: The BWL is like all lagging
SK> indicators, it lags price action. Brian doesn't use it to trigger trades.
SK> He kind of uses it to exit positions, BUT, now always, only sometimes,
SK> because there might be other technical issues and ... if, when, maybe,
SK> kinda shoulda, woulda...
SK> I sat at a table with a bunch of double-degreed engineers who are hardcore
SK> mechanical system traders. Let's just say that none of us "moved to a
SK> higher trading level" or were moved. The drinks at the University Club were
SK> very strong and they served before, during and after the presentation.
SK> Take care,
SK> Steve
SK> ----- Original Message -----
SK> From: John O. Romero <jromero@xxxxxxxxx>
SK> To: <realtraders@xxxxxxxxxxxxxxx>
SK> Sent: Wednesday, April 24, 2002 8:14 PM
SK> Subject: Re: [RT] Brian Bell....ring a bell?
>> Steve,
>>
>> I would be interested what he had to say , either on the list or
SK> privately
>> if others aren't interested,. I have looked at his site and spoke to him
>> once on the phone to ask about his
>> indicators. http://www.customtradingsolutions.com/ In particular his
>> TPO - Turning point osc. It and the Jurik RSX are supposed to be similar,
>> with each turning a little faster depending on the market conditions. As
>> it turns out I could not get the TPO as it is only avail for CQG and TS
SK> and
>> I use NeoTicker. Most of Juriks stuff is available as a generic DLL.
>>
>> John
>>
>>
>>
>> At 4/24/2002 03:10 PM, you wrote:
>> >List,
>> >
>> >Tonight, I am attending my monthly MTA meeting (in Denver). The speaker
>> >is Brian Bell and the topic is: Adaptive indicators:Old and New Tools for
>> >Trading.
>> >
>> >The invitation stated:
>> >
>> >"Brian Bell will explain what makes an indicator "adaptive", and will
>> >describe some well-known adaptive moving
>> >To unsubscribe from this group, send an email to:
>> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
>> >
>> >
>> >
>> >Your use of Yahoo! Groups is subject to the
>> ><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
>>
>>
>>
>> To unsubscribe from this group, send an email to:
>> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>>
>>
>>
>> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>>
>>
SK> To unsubscribe from this group, send an email to:
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