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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: Sherman Chen who wrote (1333)6/13/1998 6:10:00 PM
From: privatesmith  Read Replies (1) | Respond to of 1589
 
"Could it be that they don't show indicators until after confirmation occurs?" Could be? Here's their definition of "indicator": <An indicator is a group of candlesticks (as many as five or as few as one) that meet a set of predetermined criteria. These criteria may include prior trend, real body and/or shadow length, long and short days, opening and closing gaps, etc. Associated with each indicator are a trend (bullish or bearish) and a pattern (reversal or continuation) that should ensue for the short-term.>
Ref their URL: litwick.com

It's my notion candlesticks are best used in conjunction with other TA vehicles...RSI, Stochastics, etc.



To: Sherman Chen who wrote (1333)6/18/1998 2:28:00 AM
From: Marc D.  Read Replies (1) | Respond to of 1589
 
Sherman,

Just posted your note over at Lit Wick to see how the administrators and, perhaps, other users respond:
litwick.com

I happen to know some of the folks who developed the site and am interested to hear their response. I'm still trying to figure out how to integrate Csticks in with the rest of the TA I do.

Good luck and trading,
Marc