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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Dick Brown who wrote (9503)2/20/1999 11:21:00 AM
From: peter n matzke  Read Replies (2) | Respond to of 12039
 
the first point that i would make is that you need to separate your indicators based upon what they do, as well as the data that they use to create the indicator.
is the indicator: price based, volume, trend or momentum, is it linear or is it an oscillator?

i would ask you to think about this, and then actually try it on a few charts to see the results. If you add indicators that are using the same data (time period)and are based on similar individual components, what is the response time of the model, to the reaction?
imo when you compound similar based items the response is slowed. Now some indicators have no correlation to another item, and in this case do not have any effect on response time.
i hope that you can understand the point i am trying to deliver