Dave.......and "Surfer"...and everyone..........the StochDMI BEARS LOOKING INTO!
I've found that.........
1. The StochDMI seems to turn both up and down off its overbought and oversold levels about 1 DAY EARLIER than the StochRSI, and
2. It's swings indicate a MORE ACCURATE DIVERGENCE to Price (accurate in letting one know when the steam is running out of a run).
I've tried it both at Dave's level (14's) and at Andy's level (8,5), and find the above to be true at both time horizons. Oh yes, Andy, DMI stands for Dynamic Momentum Index in MSWIN, don't know if it's in WOW. HOWEVER, when creating the formula, it must be written like this (in MSWIN)........
Mov((DMI(Indicator)-LLV(DMI(Indicator),14))/(HHV(DMI(Indicator),14)-(LLV(DMI(Indicator),14))),14,W)*100
In other words, you have to actually type the word Indicator, as that is the "data array" they want. See what you think! BW Chan |
