I've got to redo the BNS Binary Indicator. I did it before I was clear on all the indicators in the BNS chart. I'm going to change the oscillator in it to the Ultimate Oscillator, and I'm going to add the Chaikin Oscillator. Also the best RedLine proxy is Stoch(8,3), as you pointed out, not Stoch(8,5). I've learned so much from you about BNS since I did that binary formulation. Now I'm not completely sure that it would work in many cases. The beauty of your system is that it has sequential leading indicators and then confirming indicators. The binary system, based on slope, would have to give some of the indicators time to kick in. But your system, in which you look at the charts carefully, gives early alerts, with CCI. I'll have a go at updating the BNS binary system, but I think it's always going to fall short of the method you use. I've had some good profit-testing results with just one element of the whole system, by the way -- and it's the one element that I was so skeptical about at TAINJ: Average Price 1. When Average Price 1 takes off, and gets over 1000, something is up (the price).
Paul is also working on a BNS binary system. He'll probably come up with something very good. He's the one who formulated Average Price 1, and he's the one who saw its potential. |
