|
PureBytes Links
Trading Reference Links
|
At 11:44 AM 10/3/97 -0500, you wrote:
>
>>From: Bob Hunt <RHunt.066@xxxxxxxxxxxxxxxx>
>>Date: Sun, 02 Nov 1997 08:10:12 -0800
>>Subject: Re: Unreliable online data collection
>>
>>Roy C. Sampley wrote:
>>> One of LW's best indicators (RSIS) is an almost
>>> uncanny predictor of action of the market. It and your choice of
>>> five other indicators can be run on tick or hourly or daily or weekly
>>> data and will update right on the screen. RSIS is RSI of >>
>Stochastics.
>>*************************************************************
>>Roy,
>>This sounds like an interesting indicator. What kind of periods do
>you >normally use for the RSI and for the Stochastics? Bob Hunt
>
>Roy and Bob,
>
>Your combination of indicators is interesting and has definite
>advantages. "The Compleat Day Trader" mentions the MA of the Fast Stochastic
>(pp 43), and and then the MA of the RSI, (both first derivatives), and
>later the RSI of the MA RSI (pp 88) being the
>second derivative of calculation. [Whereas a derivative is merely
>a quantity derived through the mathematical manipulation of a
>previous quantity.]
>
>A study of Stochastic on the RSI (p93) is noted as "outstanding
>potential" to day trading; ... then a RSI on a RSI which will smooth
>but not delay the signal's response to a changing market. Good Stuff.
>You're on to something.
>
>Jim Kuzma
>
>
>
>
>
>
>____________________________________________________________________
>Get free e-mail and a permanent address at http://www.netaddress.com
>
Jim, I cannot see any advantage in RSI of RSI. I like RSIS. I first
considered hourly like monthly, 15 min like weekly and trade 3 min like
daily. What about 5 min for weekly and 1 min for trade like daily?
Preliminarily, I think that 1 minute is not going to be desirable.
Consider Practicing Random Kindness
(Read RAK's in Reader's Digest May 1992)
Roy C. Sampley
rsampley@xxxxxxxxx
|