TA-Quotes Plus Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : TA-Quotes Plus

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Jagow who wrote (7148)	10/11/1998 9:23:00 PM
From: Jeff Grover	Read Replies (2) of 11149

My intention was as per my #7137 "pick a hi/low with max/min and set SIP [and firstday] to that value". Would that be wrong or imprudent? Bob, Thanks for restating the question, I guess I didn't really understand it when I read it before. I believe what you propose would in fact work IF you knew whether the high (max) or the low (min) was the right one to use. Which is the right one depends on whether you are entering the trade Long or Short. I tried to recreate Wilder's method (you're ether long or short at any given time) and I just didn't know how to figure out which you would be based on previous price action without working my way up to the present day. I try not to be too porocial about these things, but I do like to let the computer figure it out for me (their getting faster every day) rather then guessing, or risking any invalid modification to the original method... .... you may recall I suggested that we add a few lines of code to fix the CCI divide by zero problem rather then arbitrarily adding a very small number to denominator. I suspect some think this is all too much techno babble, but let's not loose track of what the "T" in TA stands for.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next