RichardL Veteran   Posts: 134 Joined: 9/18/2004  User Profile | Basically, I've replaced MOM with a couple of ideas which I must give all credit to a recent post by Hussein (hope you don't mind Hussein) and which has been giving me excellent improved results. Essentially this uses DMI-C (8) in a pane and two Simple Moving Averages (15 and 50) the latter of which are on the price chart itself. In addition to my earlier post, the way to use the extended features is 1) Watch for confirmation buy/sell indicators from the DMI against the MACD system/indicator and your winning votes (and the other indicators - see my earlier post) AND 2) Consider trading if (in concert with the other confirmation indicators), the price is (for LONG) above the SMA 15 or (for SHORT) below BOTH the SMA 15 and SMA 50. Again, the idea isn't mine, but having added it to the chart, its made a big improvement to my success rate. All the best Richard [Edited by RichardL on 4/11/2005 6:12 PM]  Attached file : RAL2.otd (148KB - 951 downloads) |
