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Strategies & Market Trends : Technical Analysis - Beginners

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To: Chandler H. Everett who wrote (220)	11/13/1997 3:40:00 PM
From: shasta23	Read Replies (2) of 12039

HI Chandler! I know it's old stuff for you but since i'm now reading the whole thread i just now came across this post "Dave........I've been working (as has Andy) with the StochRSI and while he and I are having fun looking at a shorter oscillation, I wanted to run this idea by you. In your StochRSI formula, I substitue 13 for 14 to be FIB-loyal, but then I subtract 50 from the indicator to get (guess what) an oscillator. My trigger signals are now +/- 21, but I've added a caveat to the trading system. Don't take the trade unless a short 8,5 Stochastic is BELOW 50 and moving up! Trades taken if that Stochastic is ABOVE 50 seem to run out of steam faster and have less potential. I haven't run a true test on this yet, but it eyeballs out. BW Chan" I'm up now to post 800 (the one i quoted was 220) and there was also another time a post with the instruction "plot it as an osc and use 0 as indicator line". since i only got MS6.5 for a couple of weeks i couldn't figure out how to "plot it as an oscillator". Could you enlighten me about this and maybe post the syntax of the above system. I have the formulas for Stochrsi from Andy GAbor's Homepage but just need some help with the Oscillators. Thanks in Advance... Stefan P.S.Thanks to all of you for giving people like me some guidance in their learning process. We have to figure it out ourselves but you give us direction and that's a great help.

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