[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

RE: [EquisMetaStock Group] Re: Re-Thinking The Basics


  • Date: Wed, 3 Mar 2010 13:51:30 -0600
  • From: "Lionel Issen" <lissen@xxxxxxxxxxxxx>
  • Subject: RE: [EquisMetaStock Group] Re: Re-Thinking The Basics

PureBytes Links

Trading Reference Links



Mr. Distinque:

 

Can you explain MT4?

 

Thanx

 

Lionel

 

 

From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of Mr Distinque
Sent: Wednesday, March 03, 2010 1:26 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Re: Re-Thinking The Basics

 

 

I day trade Forex and position trade stocks/ETFs.  MS for stocks/EFTs, etc.  MT4 for Forex.   MT4 is vastly superior to MS for creating indicators with alerts and color coded indicators.  I have to admit I am an old coder.

 

I have found with some tweaking I can use the same MT4 rules on MS, but I do not have the instant visual conformation.  My main continued use of MS is the exploration function.

 

I have not upgraded to MS11.x and do not plan any future upgrades unless MS opens up the indicator functionality/coding without the required add-on purchase of their SDK.

 

D

EGO Sum Qua EGO Sum

Sempre Avanti

 

He Who Sits In A Well To Look At The Sky Can See But Little



--- On Wed, 3/3/10, formulaprimer <formulaprimer@xxxxxxxxx> wrote:


From: formulaprimer <formulaprimer@xxxxxxxxx>
Subject: [EquisMetaStock Group] Re: Re-Thinking The Basics
To: equismetastock@xxxxxxxxxxxxxxx
Date: Wednesday, March 3, 2010, 10:11 AM

 

Good Strategy... Sounds like you use another program other than MS Pro... What do you use?

--- In equismetastock@ yahoogroups. com, Mr Distinque <distinque@x ..> wrote:
>
> My approach with the RSI is to view it as a oscillating leading indicator, but only on a non-trending security.  I couple it with a trending indicator (ADX) and when the trending indicator say we are in a trend, I ignore the RSI until the trending indicator starts to indicate a weakening in the trend.
>  
> I also have my RSI colored to indicate a minimum amount of what I call thrust.  If the RSI does not move at least the minimum about, I ignore the RSI indication.  For me this works great on a 15min chart to slow the fake moves.
>
> I primarily look for a fast cross of the slow from above/below 80/20 lines.  Check the thrust level (color), check the momentum indicator and nearest S/R & support levels to see if there is enough room to move or if it is a bounce/rejection.
>  
> In the middle of a trend I also use the RSI to add/remove positions using the same logic.
> D
> EGO Sum Qua EGO Sum
> Sempre Avanti
>  
> He Who Sits In A Well To Look At The Sky Can See But Little
>
> --- On Tue, 3/2/10, pumrysh <no_reply@xxxxxxxxxx s.com> wrote:
>
>
> From: pumrysh <no_reply@xxxxxxxxxx s.com>
> Subject: [EquisMetaStock Group] Re: Re-Thinking The Basics
> To: equismetastock@ yahoogroups. com
> Date: Tuesday, March 2, 2010, 10:02 PM
>
>
>  
>
>
>
> Kev,
>
> You are on the right track but the scaling on the RSI is not always constant. Walter Baeyans in his book titled RSI...Logic, Signals & Time Frame Correlation discusses this. Basically the RSI does not always move in a directly proportional manner. Page 22 of his book explains this. There is only one neutral point which is 50.
>
> Preston
>
> --- In equismetastock@ yahoogroups. com, "formulaprimer" <formulaprimer@ ...> wrote:
> >
> > The way the RSI is calculated leads to the rethinking of the indicator itself that what the original designer intended it for.
> > It is a momentum indicator but actually with the way it is constructed it is a TREND Indicator like ADX... Here is why
> >
> > RSI = 100 - [100/(1+(U/D) )]
> >
> > Where:
> >
> > U = An average of upward price change.
> > D = An average of downward price change.
> >
> > This means that 66.67 horizontal line and 33.33 horizontal lines are percentage indicators.. . If in a bull market 66.67 should be touched at least once and in a down bear trend 33.33 should be touched at least once. This is the reason why the default setting of 14 days is statistically relevant by the creator Wilder. Too sum it up in a bull market once the 66.67 level has been touched by the RSI it is statically a bull market until the 33.33 level is touched to signal a bear market... See if this analysis is correct?
> >
>

 



__._,_.___


Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___