I tried that DNS exit you mentioned, too, but only briefly, without studying it much. That may be the best solution.
As for the slopes, I don't think they're really necessary. I only put them in because I remember Dave saying at TAINJ that he looks for those things to be going up (or down, as the case may be). I was experimenting, and without giving them a great deal of thought. I left them in the formula in hopes that others might try them out, and abandon them if need be. The 3-day slope might be changed to 5 days, too, or longer. I haven't really system tested all the possibilities yet.
I don't really know what David is looking for with Parabolic SAR. You can see what he's looking for with it in DNS, so I borrowed that formula for DNNS: SAR(.02,.2)<C
But if I remember correctly, at TAINJ he didn't plot SAR over price, but in a separate window, and seemed to be looking at whether it was moving up or down. So I put slope in. Similarly, he seemed to be looking at whether Dahl was moving up or down, so I added the slope formula with Dahl, too. And with InSync. I was just trying to get down what I thought I heard him say at TAINJ. But I may have misheard or misinterpreted. It was a lot to absorb. I took notes, but who knows? Maybe I'm reading marks made by spilled pizza or Diet Pepsi. But, to sum up, I wanted to get the usual formulas in, but I also wanted to pay attention to whether the lines were moving up or down, as Dave seemed to suggest.
The real problem with formulating the whole thing is, I think, that Dave was getting away from a DNS sort of thing , in favor of a step-by-step eye-balling approach. And here I am trying to formulate it. I'm doing it only out of curiosity. When I use Dave's newer system, I follow his step-by-step approach, starting with StochRSI. But maybe the efforts to formulate the whole thing will lead to some insights.
Brooke |
