OT: Phil Erlanger bought RavenQuote, and changed the name to ErlangerQuote, which uses Quote.com for its datafeed.
Matt Gundersen went to eSignal, and you'll see his work in the new beta, with the custom formulas and all. He's done a terrific job, in my opinion.
StochRSI, which is in eSignal's beta and the new QC release, gives quicker, more reliable signals than stochastics -- at least a lot of traders seem to think so. Quotes Plus has had stochRSI for a while. A lot of people use it in Metastock, too: MOV((RSI(14)-LLV(RSI(14),14))/(HHV(RSI(14),14)-(LLV(RSI(14),14))),14,E)*100
It's interesting how two somewhat overused, unreliable indicators were combined to make one so effective. StochRSI was developed by Tushar Chande. You can read more about it in "The New Technical Trader." All oscillators have their limitations, however, particularly in a very volatile market.
And so on and so forth. |
