MP: I have started reading your archived materials the last while and am a bit confused on the relation of the RSIWLR and "TER" analyzer. Is the TER to replace the RSIWLR or work along with it? Should I set up both or just one?
Also I went to PCquotes.com as indicated in the "Completely Non Technical for the rest of us thread" and attempted to find the chart and indicator settings for the PCR etc. as you describe but found no indicators. Have they changed the site or is this something you need to register for at the site to access?
Lots of stuff here to absorb, thanks for making it available to all of us.
Quote:
Originally Posted by mp6140  originally done for my partner in crime as a fast scan method, its been found to work unbelieveably well -- if you have the RSIWLR, or wish a fast, COMPLETELY VISUAL method of finding bottoms OR those nice little swings, check this out on either the free "prophet.net" charts or even better, the realtime version.
only two things to watch for -----
SIGNAL LINES AT THE BOTTOM indicate . . . . . BOTTOMS (think about that !)
RSI MOVES UP AND OVER THE FULL STOCH LINE = HEY, this looks good !
ACCUMULATION/DISTRIBUTION LINE -- if at top, the rally will sell off very close to when the RSI 2 hits 100% as the stock is fully accumulated. IF AT BOTTOM, with all other indicators, RALLY stands excellent chance of continuing up nicely.
LINEAR REGRESSION LINES -- show "normal" support and resistance for the stocks movement (usually within the channel) NORMALLY, stocks DO NOT penetrate the top line unless they have super news or are being manipulated
oh yeah -- all indicators are SUPERIMPOSED on each other -- for detailed setup see my RSIWLR indicator instructions.
SO SIMPLE and works SO well !
INDICATOR VALUES
sma 50 on volume
DEMA (10)
LINEAR REGRESSION CHANNEL (100%)
TIMESERIES 50
TIMESERIES 25 --- the ts indicators are EXTREMELY STRONG support or resistance indicators -- watch your stock as these point out HIGHS amazingly well !
FULL STOCHASTICS -- (10,3,10) 9 as a value can certainly be used !
FAST STOCHASTICS --(10,10) 9 can also be used
RSI, WILDER (2)
SMA 20
SMA 9
BOLLINGER BANDS (20,2) i also use (10,2 on my charts -- they do interesting things on crosses !
ACCUMULATION/DISTRIBUTION LINE --- DONT skip this one !
LINEAR REGRESSION CHANNEL (100%) ON FULL STOCHASTICS (10,3,10) -- this one goes on the indicator pak and not on the chart itself --- direction of the channel shows safety of the trade --- DOWN is less preferable to UP, but do-able if you watch exits and dont hang around !
STANDARD DEVIATION CHANNEL -- xtreme movements (spikes) are registered here !
a version for quotetracker also exists -- in fact, two versions !
enjoy and trade well
mp |