Any indicators that do not wiggle?

steve.larson · Feb 28, 2003

I'm looking for a charting software that has indicators that do not do any wiggling. Meaning that on the indicator the fast line doesn't wiggle around the slow one.

I already have tried Medved's QuoteTracker, QChart's LiveCharts, SiliconInvestor's IQCharts, ProphetStation's Java Chartstream that are pretty good. However, their indicators seem to wiggle a lot.

Here is the problem: Wiggling becomes an issue because it can make the indicator somewhat deceptive. Acting upon the wiggle, I find myself more inclined to pull the trigger prematurely. In other words, I'm more apt to enter a trade by mistake because -- on a stochastic indicator, for example, -- for up to 59 seconds it may look like the (fast) %K line has already crossed the (slow) %D line. When in fact it hasn't. The problem is that if the very last (temporary) segment of the indicator is visible to me before the last (1-minute) time period is up, I'm more inclined to pull the trigger prematurely. Is it possible to buy, rent, or use just a plain charting software or trading platform without this wiggling? Anyone know?

Alternatively, anyone use Prophet's ChartStream in real time? Do their indicators wiggle when their market data is real-time? Anyone know? I used to be a member of prophet.net, but that was many months ago.

Thanks in advance.

Steve

LongShot · Feb 28, 2003

did you uncheck the "wiggle" function on your indicator waggle box??

this usually resets to a default waggle, a "waggle" being much less "jiggly" than a "wiggle" (unless of course it's a "fast waggle") :eek:

iceman1 · Feb 28, 2003

Quote from steve.larson:

I'm looking for a charting software that has indicators that do not do any wiggling. Meaning that on the indicator the fast line doesn't wiggle around the slow one.

I already have tried Medved's QuoteTracker, QChart's LiveCharts, SiliconInvestor's IQCharts, ProphetStation's Java Chartstream that are pretty good. However, their indicators seem to wiggle a lot.

Here is the problem: Wiggling becomes an issue because it can make the indicator somewhat deceptive. Acting upon the wiggle, I find myself more inclined to pull the trigger prematurely. In other words, I'm more apt to enter a trade by mistake because -- on a stochastic indicator, for example, -- for up to 59 seconds it may look like the (fast) %K line has already crossed the (slow) %D line. When in fact it hasn't. The problem is that if the very last (temporary) segment of the indicator is visible to me before the last (1-minute) time period is up, I'm more inclined to pull the trigger prematurely. Is it possible to buy, rent, or use just a plain charting software or trading platform without this wiggling? Anyone know?

Alternatively, anyone use Prophet's ChartStream in real time? Do their indicators wiggle when their market data is real-time? Anyone know? I used to be a member of prophet.net, but that was many months ago.

Thanks in advance.

Steve

you can't fish as well... with dead worms .

iceman1 · Feb 28, 2003

Quote from LongShot:

did you uncheck the "wiggle" function on your indicator waggle box?? this usually resets to a default waggle, a "waggle" being much less "jiggly" than a "wiggle" (unless of course it's a "fast waggle") :eek:

LOL...

You're absolutely correct.

And in fact in golf.... a waggle is better than a wiggle for the shot...

trader42 · Feb 28, 2003

Quote from steve.larson:

I'm looking for a charting software that has indicators that do not do any wiggling.

If you are talking about wiggles in the minute timeframe, than try unchecking "update this indicator every tick". TS6 does have this setting.

MondoTrader · Feb 28, 2003

your oscillators are too noisy for the time frame you are using. all oscillators wiggle and give lots of false signals on some time frame. If you don't like the one you are using then switch, or else switch your time frame.

FRuiTY PeBBLe · Feb 28, 2003

Weebles will wobble, but they won't fall down.

F. PeBBLe

gnome · Feb 28, 2003

Quote from steve.larson:

I'm looking for a charting software that has indicators that do not do any wiggling. Meaning that on the indicator the fast line doesn't wiggle around the slow one.

I already have tried Medved's QuoteTracker, QChart's LiveCharts, SiliconInvestor's IQCharts, ProphetStation's Java Chartstream that are pretty good. However, their indicators seem to wiggle a lot.

Here is the problem: Wiggling becomes an issue because it can make the indicator somewhat deceptive. Acting upon the wiggle, I find myself more inclined to pull the trigger prematurely. In other words, I'm more apt to enter a trade by mistake because -- on a stochastic indicator, for example, -- for up to 59 seconds it may look like the (fast) %K line has already crossed the (slow) %D line. When in fact it hasn't. The problem is that if the very last (temporary) segment of the indicator is visible to me before the last (1-minute) time period is up, I'm more inclined to pull the trigger prematurely. Is it possible to buy, rent, or use just a plain charting software or trading platform without this wiggling? Anyone know?

Alternatively, anyone use Prophet's ChartStream in real time? Do their indicators wiggle when their market data is real-time? Anyone know? I used to be a member of prophet.net, but that was many months ago.

Thanks in advance.

Steve

Instead of trading crosses, just use a MA. The 300 day moving average is REAL smooth!

LongShot · Feb 28, 2003

Quote from FRuiTY PeBBLe:

Weebles will wobble, but they won't fall down.

F. PeBBLe

LMAO!!

LongShot · Feb 28, 2003

Quote from gnome:

Instead of trading crosses, just use a MA. The 300 day moving average is REAL smooth!

heh heh

personally i like to watch the wiggles. nothing like a cute little wiggle makes me giggle