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This is a technique that Tom Joseph (of Adv GET fame) uses in mkts that
aren't trending:
Create channels from H/L MA's of 6 periods each, displaced 4 periods. Enter
when a bar closes outside a channel.
Michael
Jim Johnson wrote:
> Although I don't see much use of high/low moving averages, they have
> been around for a long time. Arthur Sklarew's 1980 book, Techniques of
> a Profesional Commodity Chart Analyst, devotes part of a chapter to
> high/low moving average channels.
> A twist he uses and that I found significantly improved system results
> is to displace the MA's 3-4 days. Try it. Its amazing.
>
> By the way, there are a number of "new" techniques in this 20 year old
> book.
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