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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: David Wright who wrote (10664)5/8/1999 11:34:00 PM
From: jebj  Read Replies (2) | Respond to of 14162
 
>Stochastics uses the current period's closing price (actually the current price when you have a data feed), versus the periods highs and lows, and so is viewed as more predictive - David

The stockastics in IRT that I am presently using allows me to show 3 different line plots on the stockastics chart - a fast, medium and slow. The AIQ charts - at least on the MyTrack demo - only shows one plot and it appears to be the slow one as it very closely matches the RSI plot.

Of the three on IRT, the slow plot will be very close to RSI - the fast is an almost immediate indicater of the last couple of ticks but will give false directions as the trend has not turned as yet. The medium is between the two - who would have guessed? :)

The slow will pretty much match the RSI in overall look of the graft but will be ahead of it, it seems. On a fast moving stock, when a trend turn comes it is not unsually to see all three plots on the stockastic go from the bottom of the chart to the top while the RSI is just beginning to show a turn from the bottom.

jb



To: David Wright who wrote (10664)5/9/1999 1:16:00 AM
From: Jon Tara  Read Replies (1) | Respond to of 14162
 
Use MACD *and* RSI.

MACD is a crossover system of two moving averages.

The moving averages do NOT have to be of the stock price!

Try a MACD of the RSI. Twiddle. You might be surprised.

Try using daily charts, and, if you have them available, try this on shorter periods. (Say, 1 hour bars.)