FuriousThug
256 posts
msg #65291
- Ignore FuriousThug
modified |
7/20/2008 11:06:22 PM
Sorry...one line changed in the short version to reflect bullpower falling (instead of bearpower).
[edit:] gah...and got rid of the "weekly MACD Histogram(12,26) > 0"
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FuriousThug
256 posts
msg #65292
- Ignore FuriousThug
modified |
7/20/2008 11:15:54 PM
and long...again, I'm looking at this as a pullback and eyeballing long term trend.
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FuriousThug
256 posts
msg #65293
- Ignore FuriousThug |
7/21/2008 12:18:29 AM
The more I look at results from these filters, the more I see WR%(2) in many instances flashing a divergence a day or more before the stock hits the filter. I put in a line to just pick out ER divergences to compare (basically, "Close above close 1 day ago" when bullpower is declining, on the short screen) and was amazed to see quite a few of these ER divergences confirming an already caught divergence in WR%(2).
Just an observation.
FT
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FuriousThug
256 posts
msg #65295
- Ignore FuriousThug |
7/21/2008 12:26:30 AM
Also, I've read that one of the other conditions that provide a strong shorting signal is bearpower forming a deeper bottom than any previous bottom. Frankly, I'm not seeing that happen much in the best examples looking back.
FT
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chetron
2,817 posts
msg #65304
- Ignore chetron |
7/21/2008 6:51:44 AM
I BELIEVE THAT BILLY IS CONSIDERED THE ONLY LEADING INDICATOR AVAILABLE AND ALL OTHERS LAG. WHAT I HAVE BEEN TRYING TO KEEP IN MIND IS THAT WHETHER YOU HAVE DIVERGENCE OR CONVERGENCE WITH ANY OTHER INDICATOR, BILLY SHOULD BE LEADING THE WAY AND NOT LAGGING A LAGGING INDICATOR.
IMHO
CHETRON
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WALLSTREETGENIUS
983 posts
msg #65306
- Ignore WALLSTREETGENIUS |
7/21/2008 10:05:18 AM
Also, I've read that one of the other conditions that provide a strong shorting signal is bearpower forming a deeper bottom than any previous bottom. Frankly, I'm not seeing that happen much in the best examples looking back.
FT
---------------------------------------------
FT -
When I Introduced the ER to this forum a few years back, one of the first things I talked about was it's uncanny way of showing negative divergence for shorting opportunities. I don't know why you aren't seeing it, because I can pull up just about any symbol on a 1-year chart, and find at least one(1) example of negative-D. Stochastics(5,3) runs a close 2nd IMO.
BTW, I'm glad some of you are seeing the power in my Williams(2). I discovered it about a year ago, and have never seen ANYTHING even come close when it comes to finding bottoms, topps, divergence (pos. or neg.), and presice entries and exits! RSI(2) isn't even in the same ballpark!...and I've been telling you people this for almost a year now. So continue to spread the good word....
- WALLSTREETGENIUS -
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FuriousThug
256 posts
msg #65309
- Ignore FuriousThug |
7/21/2008 10:30:12 AM
I guess I've been looking for the divergence in too short a time frame. I guess the key word is "latest" (bottom), regardless of whether it's this week or a month ago.
FT
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chetron
2,817 posts
msg #65326
- Ignore chetron
modified |
7/21/2008 10:18:38 PM
elder ray cross....
ADDED FORCE INDEX CROSS
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chetron
2,817 posts
msg #65344
- Ignore chetron |
7/22/2008 8:54:15 PM
arby347
- Ignore arby347 7/19/2008 1:57:00 AM
Chetron, I have been considering your enhancement for going long with the MACD slow and fast lines also having to below zero.In testing it seems to work OK without requiring these lines to be negative.
As long as I have your attention let me run another MACD Elder thing by you.
'A bullish divergence occurrs when prices trace a bottom, rally, then sink to anew low. At the same time MACD-Histogram takes a different pattern. when it rallies from the first bottom, that rally lifts it above the zero line "braking the back of the bear".When prices sink to a new low, MACD-Histogram declines to a more shallow bottom.At that point prices are lower, but the bottom of the MACD histogram is higher showing that bears are weaker and the downtrend is ready for a reversal. MACD gives a buy signal when it ticks up fro the second
bottom."
from page 106 of COME INTO MY TRADING ROOM
. Elder states that this signal occurs rarely. onyl a couple of times per year on the daily charts of most markets. He calls this the strongest signal in technical analysis.
Any filter coding idea?
*********************************
a simple way ....
or a little more sophisticated....
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arby347
87 posts
msg #65350
- Ignore arby347 |
7/23/2008 12:50:28 AM
Thanks TRO! How did you choose the time parameters over other larger possibilities?
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