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Jim Dean

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Joined: 9/21/2006
Location: L'ville, GA

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Subject : RE: PUT / CALL RATIO CHART
Posted : 9/2/2013 6:39 PM
Post #28737 - In reply to #28736

The idea makes sense. The W%R is simply an upside-down Stochastic. When it closes in on its trigger line in the outer boundaryof the range it means a form of "consolidation" has occurred, preparatory for a reversal. The precise % that flags a reversal is anybody's guess but would certainly be worthy of backtesting via Straetgy Wizard, as a Filter.

If you are willing to add some lag to avoid false starts, consider requiring both the lines to cross the threshold you are testing. Or, require the raw Indic to cross, plus a positive 3-bar LnReg_Slope of the trigger line to be in the desired direction of the crossover, even if that line has not yet crossed the threshold.

There are many such variants you can play with - but your original idea sounds like a good starting point, as a Filter.

[Edited by Jim Dean on 9/2/2013 6:42 PM]

Deleting message 28737 : RE: PUT / CALL RATIO CHART


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