Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (4411)	4/14/2000 9:00:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

< limit the indicator to values ranging from -1 to 1.> Well then what we would have is an Oscillator which could be plotted. By overlaying a plot of the Intermediate trend,.... <test the indicator is to make a plot of the indicator (x-axis) calculated for a given day and the percentage change of the SPX (y-axis) three days later (duration of the intermediate trend?)> .....It would create a "Slow" Osc superimposed on the "Fast" one. If you are comfortable with Oscillators (I am, but it took years) then it sounds like a worthwhile experiment. I understand why you would not have faith in a derived indicator but it's just an Experiment. Hell, after all the stuff I've tried over the years, one more is no big deal. < My second thought is that this approach is more likely to be useful in stock trading, going long the high-beta stocks or short the low-beta stocks depending on the value of the market-direction indicator.> Now you are gravitating to Program Trading. Funny, because that was one of the issues I was thinking of in the beginning, using the two "sets" to watch the action as a "fast twitch" indicator to see if Programs were hitting. But again, I suppose PREM does that already. But sure, with enough capital it's a logical approach. If this could be moved into a Micro-Environment (Intraday) it would be easier to test. Certainly faster. I should have some time late in the day Saturday/Sunday. My son is the computer gearhead. I'll try to work on it with his help. Are you going to be around this weekend?