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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Matthew L. Jones who wrote (3969)9/14/1999 6:36:00 PM
From: TraderAlan  Read Replies (1) of 18137
 
Matt,

Someone else can explain the mechanics but you're much better off using trendlines and channels on it rather than any MA.

Since it's really just an oscillator, the MA will be way too slow to be of use. Try a 3 day, 5-min chart and just use the NYSE TICK and ignore the other exchanges, even when planning NASDAQ trades.

NYSE TICK is the most underappreciated day trading tool in existence.

Alan
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