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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (5408)2/26/2005 3:19:53 PM
From: Vendit™  Read Replies (2) | Respond to of 8752
 
Re: With forks, the starting points form the slopes. The fork already has three touch points.

The same is true of Linear Regression Channels so I am beginning to believe that forks and L/R Channels are distant cousins or redundant technical tools as are say William’s %R and Money Flow. Both indicators tell you the same information and are rather pointless to use both on one chart as they are repetitious.

139.142.147.218

Both forks and Linear Regression Channels are a hybrid of trend line analysis which also is nothing more or less than a study of investor sentiment and expected points of emotional support and resistance.

The use of which indicator the trader uses is a matter of personal taste and comfort level.

Feel free to correct me if you think that I am off target. Thanks again for the feedback.

Thanks



To: Gersh Avery who wrote (5408)2/26/2005 5:59:40 PM
From: Walkingshadow  Read Replies (1) | Respond to of 8752
 
Hi Gersh,

Very nice post.

I can see how the points (vertices) of the fork are determined. But how does one determine the slope of the lines?

Thanks,

T


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