alichambers
48 posts
msg #43709
- Ignore alichambers |
5/14/2006 4:40:12 PM
Hi,
I've been looking at using DI(4) crosses for buy and sell signals. This seems to work well in a trending market, but when the market moves sideways it produces an amount of whipsaws.
Could anyone help with a second indicator that would help confirmation of the trending market and ignore some of the whipsaws - or suggest otherwise.
I'd REALLY appreciate this - I've been going round and round in circles for ages!
Thanks,
Alex
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maxreturn
745 posts
msg #43735
- Ignore maxreturn |
5/15/2006 9:53:25 AM
Hello Alex. I use MACD on the daily and weekly charts and the 50 and 200 ema's on the daily charts. If you learn how to watch the ebb and flow of price within the context of these indicators as well as recognizing support and resistance you can get a pretty good feel for the trend and likely reversal points. This is what I use to filter out "against the trend" signals. HTH.
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alichambers
48 posts
msg #43736
- Ignore alichambers
modified |
5/15/2006 10:46:03 AM
Thanks for your reply - however I just found another solution, using PAR and DMI!
http://www.stockfetcher.com/stockdb/fetcher?p=forum⊂=view&fid=1001&tid=36483&start=0
Alex
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guru_trader
485 posts
msg #43799
- Ignore guru_trader |
5/17/2006 1:36:43 AM
How about this one ... http://www.stockfetcher.com/stockdb/fetcher?p=forum&sub=view&fid=1001&tid=36483
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