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Strategies & Market Trends : TA- Scans and System Tests

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To: Richard Estes who wrote (21)10/17/1996 3:24:00 PM
From: Chandler H. Everett   of 989
 
Richard.....and I hope Andy looks at this......when Dave posted his
STOCRSI, he used 13's all across, but Andy did a little testing and
came up with an indicator that uses the last 8 days of data with a
moving average of 5 weighted (he uses weighted because he has
WOW and not MetaStock). I've been playing around today with a
variation of his formula for STOCHRSI, but I use a STOCHCCI. My
formula is (Mov((CCI(13)-LLV(CCI(13),8))/(HHV(CCI(13,8)-
LLV(CCI(13),8))),5,VAR)*100)-50 to create (of course) an oscilllator
which gives very close signals to Andy's indicator. I then add both
indicators together and divide by two and get a little more accuracy
with a smoother line which I can look at rate-of-changes with.
Any thoughts?? BW Chan
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