OmniTrader Archives
OmniTrader 2009 Technical Support
RSI-D
9 replies, 1791 viewings
|
OmniTrader Archives
OmniTrader 2009 Technical Support
RSI-D
|
Last Activity 12/17/2020 7:15 AM 9 replies, 1791 viewings |
|
|
|
| Printer friendly version |
tonya030 Member Posts: 22 Joined: 12/19/2004 Location: randolph, nj  User Profile |
In looking at the parameters on the chart it reads 13, -1 -1. Not being a pro at this, I think the parameters are not correct and thus the charts are not showing the divergence. Can anyone tell me if I am right and how I can correct it? | ||
| admiral Member Posts: 11 Joined: 2/10/2010 Location: lowell, ma User Profile |
I've had OT for a while and I've only just started to really try to get into it and work with it, although I think I'm making headway Iknow theres alot I need to learn and maybe theres some easy adjustment that needs to be made, but I love this software and I can't wait to master it so I can begin trading with some confidence. | ||
| admiral Member Posts: 11 Joined: 2/10/2010 Location: lowell, ma User Profile |
| ||
| Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
Best way to define it is to take snapshots of specific cases you have questions about, and provide clear doc's re what settings, etc are in play relevant to that case. Then, someone else can clearly understand the issue and respond to it. Otherwise, it sort of comes across in a blurry way, roughly translated as "I don't like the way divergences work in OT". That's probably not what was intended ... specifics help narrow the focus to something that can be tested and carefully considered by others. I regularly recommend the use of SnagIt by Techsmith.com as a superb tool not only for capturing screen shots, but also for marking them up. All of the hundreds of shots I've uploaded to this and other forums have been done with that too. It's the best 40 bucks you'll ever spend on software, IMHO. FWIW.:~) | ||
| admiral Member Posts: 11 Joined: 2/10/2010 Location: lowell, ma User Profile |
| ||
| admiral Member Posts: 11 Joined: 2/10/2010 Location: lowell, ma User Profile |
 Attached file : RIS-D.png (82KB - 476 downloads) Attached file : ROC-D.png (7KB - 426 downloads) Attached file : RSI-D.png (101KB - 443 downloads) Attached file : RSI-D 1.png (101KB - 452 downloads) Attached file : RSI-D 2.png (101KB - 466 downloads) | ||
| Jim Dean Sage Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
Documentation on these systems is pretty limited, so let me add some "educated guesses" that might help. 1. the zigzags that are the starting point for the analysis are on the indic, not on price. 2. zigzag pivots are not "identified" until a few bars AFTER the vertex, so the signals come "late" as a result. This is the nature of pivot-point analysis in all its guises. 3. it appears that the rules for the signals are related to the underlying indic's value in some way ... not just a bar count or change of value. Not documented. 4. the price values are the Close of those bars - as good a point as any, I suppose. I guess the key point here is that this uses the indicator zigzag, UNRELATED to any price zigzag, or to a price LinReg line, for analysis ... sometimes this is done differently (other software), but the bottom line appears to be that were it not for the lateness of the signals, most of them seem to be pretty good ... that is, if one could "know earlier" that a pivot was a pivot, then the RSI-D would be a great system. As mentioned earlier ... the lateness is a function of HOW the pivots are defined ... Nirvana has not revealed that. So ... hopefully this helps put it in perspective a bit. [Edited by Jim Dean on 3/3/2010 4:38 PM] | ||
| admiral Member Posts: 11 Joined: 2/10/2010 Location: lowell, ma User Profile |
and it sounds like i'll just have to eyeball divergences when I get signals Thanks for your patience and help in this matter, now I can move on to next quandary. And thanks for showing me how to attach. See you on the board somehere Jim. | ||
| Bruce Hands Veteran  Posts: 118 Joined: 12/25/2003 Location: Butte, MT User Profile |
There are several 'N' users trying to find a better way to get signals from divergences. Some have suggested trying to create a scan for double/triple - tops/bottoms as other software programs allow then you would have to 'eye-ball' your indicator of choice to see if it gives the diverging signal you are looking for. Divergences can give some extremely good signals as Jim has mentioned the problem especially for the shorter term trades is as you discovered the signals are too late. There are some amazing signals with these strategies on the weekly charts however. Bruce H | ||
| admiral Member Posts: 11 Joined: 2/10/2010 Location: lowell, ma User Profile |
I will be watching the forum for anything that might help with these formations, in case anyone cracks this case. There are a few other things I can occupy myself with in the meantime. I dont expect to learn everything all at once. Thanx for the input and help. |
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
