|
Momentum Trend Indicator |
Post Reply 
|
| Author |
 Share Topic Printable Version Delicious Digg Facebook Furl Google Boomarks Google Buzz MySpace Newsvine reddit StumbleUpon Translate Twitter Windows Live Yahoo Bookmarks Topic Search  Topic Options
|
Tanaka 
Newbie 
Joined: 08 Jul 2010 Posts: 18 |
 Post Options
 Quote Reply
 Topic: Momentum Trend IndicatorPosted: 04 Jun 2011 at 10:50pm |
|
Howdy all,
I was wondering if anyone could help me make a signal from this indicator: If(ma(C-Ref(C,-5),10,E)>(ma((Ref(C,-1)-Ref(C,6)),10,E)),1,-1) It would be handy for it to display above/below zero. Cheers, Tanaka |
|
 |
|
|
maximo
BullCharts Guru 
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
Post Options
Quote Reply
Posted: 08 Jun 2011 at 12:27am |
|
Hi Tanaka,
This is a devious indicator. It waits for 6 future bars at which point it then draws the indicator.
This makes it look incredibly good on past results, but it cannot make a current signal due to this waiting for 6 future bars. ie. it's this part-> Ref(C,6)
The gap of 6 most recent bars when plotting the indicator makes this evident. Some might say this is clever, but others would call it hindsight.
If you were to make a signal from this, it would be 6 days old. Do you want to trade signals that are from 6 days ago?
Edited by maximo - 08 Jun 2011 at 12:34am |
|
|
|
|
Tanaka
Newbie
Joined: 08 Jul 2010 Posts: 18 |
Post Options
Quote Reply
Posted: 08 Jun 2011 at 7:49pm |
|
thanks maximo,
I see what you are saying, LOL, knew it was too good to be true. Ow yeah, I don't need it to produce a signal because I can do it by getting the bull scan to look back X of days and then it produces results. thank you for the reply.
 |
|
|
|
|
Post Reply
|
| Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
