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Strategies & Market Trends : Technical Analysis - Beginners

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To: Richard Estes who wrote (7315)	12/22/1997 5:55:00 PM
From: Chris G.	Read Replies (1) of 12039

Richard, I had a chance to open several charts with and without the Dahl formula. No real differences in trades or results. So I think I'm ok with that part. But I will look at this more closely. Yoiu said, " Now you must wait till all are true, the OBV you have shown in posts as a example of an error is one of 6 formulas that have to meet your criteria. No matter what state OBV is in the others must be true." Exactly, and vice versa. No trade should happen unless all 6 are are true to open, and all 2 true for the close. I've been able to verify all parameters by using a template. And this is where I see false negative buys and sells when I can obviously see the parameters were not met. This happens w/ wrong buys when OBV<40, and missed sells w/ Stochrsi crossing and SAR<c. This shouldn't be happening. And I need to find out why. I'll try the downloader tonight and check for errors. Thanks for the suggestion. As far as short term trading, I've gotten roughly a 10% return in a ave. 17dy perioid using the stochrsi9, compared to 29% in ave. of 77dys. with stochrsi 14. This gives me 4 more trades, so this works out to be quite a bit more profit it seems to me. Any thoughts? Chris

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