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Nick,
Here is how I approached the problem:
As a filter.
Ref(Stoch(5,12),0) > 75 (25 for oversold) {Today
AND
Ref(Stoch(5,12),-1) < 75 (25 for oversold){Yesterday
It was Jake Bernstein who came up with the concept, at least according to him, in one of his books on daytrading .
Dan
L1L2L3L4L5@xxxxxxxxxx wrote:
> On Mon, 05 November 2001, "Nick Channon" wrote:
>
> >>Can anyone please provide an expert to detect the Stochastics 'Pop' ? I think it was defined by Larry Williams - the idea is to go long just when the stochastics moves into overbought / go short just when the stochastics moves into oversold. Whilst it may sound illogical, it apparently has a reputation for bringing a small but reasonably reliable profit.
>
> Many thanks,
> Nick ****************REPLY SEPARATOR************************ Nick,I just wanted to add that according to a tradestation system tests reports ,STOCHASTIC POP,used like Jake describes(the popular use of it) has worked well in currencies and eurodollars but not too great in other commodities. Anyhow just a little something I thought I'd add.........................Len.
>
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