2 Day ROC

[nkhoi]

Quote from thinskis:

...so that is one question answered, now what was the reason for having an upward bias for today?

open to anyone . . .

- ROC make double bottom

- close 10/6 > pivote 10/6

 

[thinskis]

Quote from nkhoi:

- ROC make double bottom

- close 10/6 > pivote 10/6

that is one way to view it, the "double bottom"

a bit more descriptive way is to say that the ROC is making a divergence with price

as mentioned an earlier example, this was a case where the hogs had made new ROC lows, implying lower prices to follow. when the lower prices came, the ROC held higher

a 5-day divergence, right in the wheel-house

looking for the highs yesterday to be taken out today . . .

 

[nkhoi]

ROC of MACD

]<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=602633>

 

[thinskis]

okay . . . i know what you're trying to show

but alot of others may not, so might want to offer an explanation with the chart . . . just a suggestion

those aren't the parameters i'd use on the MACD, but in reality, about any reasonable ones will do for this purpose

ROC of the price should still be used

 

[nkhoi]

MACD is popular indicator on many charts so in order to jump ahead of the crowd I chart ROC of MACD that is the thinking behind it.

 

[Diver]

Quote from nkhoi:

ROC of MACD

]<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=602633>

Hi nkhoi!

How did you overlap the ROC on the eSignal chart window?
I will very much appreciate the response!
Thank you very much!

 

[nkhoi]

put all your studies on 1 chart, make sure chart is in tile mode, right click, select tile studies. keep the shift key down , click and drag study to where you want to merge, you can merge a study to another sudy or merge it to the chart, then click on edit study to play with scale, 1 study scale on left, 1 study scale on right and the rest on no scale etc....

 

[Diver]

It's a very helpful...

Have a great weekend!

 

[thinskis]

Quote from nkhoi:

MACD is popular indicator on many charts so in order to jump ahead of the crowd I chart ROC of MACD that is the thinking behind it.

ahhh, yes

the urge to "tweak"

that's a whole different ballgame, its all yours

 

[skyfisherman]

thinskis,

What about "slope opposition"...

Quote from thinskis:

the 2 period ROC is a short-term momemtum indicator, so one of the best ways to use it is in conjunction with an intermediate term indicator, for instance the 3-10-16 MACD. looking for at least 2 days of slope opposition, then the short-term momentum should flip back in the longer term momentum's direction. . .

Could you please elaborate more on this concept ? Some chart examples with both the ROC(2) & MACD(3,10,16) would be very much appreciated. tia


skyfisherman