Dave,thanks for the link! I have to run off to work now, but later on tonight I will try to answer the Indicator questions for you. I will not, however, be able to provide you with formulas for most of them, for they are proprietary indicators from Omega Research, and I found that even with their flagship product TradeStation, I cannot open the lock to peer into the formula contents. I can copy and paste the explanation for some of the indicators here, if that is what you are willing to read.
As for the Demark Sequential Setup, I believe I found the reference to that in his book, The New Science of Technical Analysis (which I don't currently own; I just read it about the Sequential at the bookstore). I remember when I read it how much it resembled Ray Cunningham's 8 - 10 New Price Low (or High), and Sakata's Method from the Candlestick discipline. All three have the underlying assumption that such extended run-ups (or declines) have over-exceeded the boundaries of reasonable trading rallies (or declines), and will therefore signal an impending reversal to the mean. Its effectiveness is good, IMO. Also, this seems to coincide with Peg Coleman's observations on Bollinger Bands, where strong rallies, which can often result in breakouts from the BB's, lead to reversals of the same nature. All seem to be inter-related.
Gotta run.
Rainier |
