Best indicators ?????????????

Quote from Humpy:

I don't claim to be a mathematician but are you sure you got your sums right ?

60+60 =120
out of a possible 200
equals 60%
More...

60% (.60) x (times) 60% (.60) = .36 or 36%

200% huh??

It would be nice if it worked that way but it doesn't. You multiply the percentages not add them and the maximum result is always 100%.
 
Quote from ProfLogic:

Yes, I use Price/Volume based charts with a single indicator to confirm the creation of price oscillations.

I use a single indicator for the exact reason I stated earlier and the accuracy of that indicator is in direct relation to the accuracy of the oscillations created on the charting I use. I would NEVER use multiple different indicators on a chart . . . EVER!!!
More...

I think that is good advice generally. Most new analyst get confused because they don't know what the indicator is supposed to do.

They will have an RSI up with a Stoc, or something odd like that.

Best is to use a single indicator and learn to read price.

ergodic, stochastics, 3/10/16 MACD, CCI(14), any ONE of these will help a new analyst find her way in murky waters.

Indicators are like training wheels, and should not be used forever. They must also be used correctly and trade price, not the indicator, etc, etc, ad nauseum.

Caveat Emptor.

:)
 
Quote from RCG Trader:

I think that is good advice generally. Most new analyst get confused because they don't know what the indicator is supposed to do.

They will have an RSI up with a Stoc, or something odd like that.

Best is to use a single indicator and learn to read price.

ergodic, stochastics, 3/10/16 MACD, CCI(14), any ONE of these will help a new analyst find her way in murky waters.

Indicators are like training wheels, and should not be used forever. They must also be used correctly and trade price, not the indicator, etc, etc, ad nauseum.

Caveat Emptor.

:)
More...

Well stated!
 
Quote from ProfLogic:

60% (.60) x (times) 60% (.60) = .36 or 36%

200% huh??

It would be nice if it worked that way but it doesn't. You multiply the percentages not add them and the maximum result is always 100%.
More...

Picture it this way

You got 1/2 a cake - ok
then you get another cake and cut it in half
so you got 50% + 50% = 1 whole cake.
Not 50% * 50% = 25% or a quarter of 1 cake

QED prof :cool:
 
Quote from Humpy:

Picture it this way

You got 1/2 a cake - ok
then you get another cake and cut it in half
so you got 50% + 50% = 1 whole cake.
Not 50% * 50% = 25% or a quarter of 1 cake

QED prof :cool:
More...

First, you said you weren't a mathamatician so don't try now.

50% times 50% is 25% . . . period.
You multiply percentages when compounding . . . not add them together.
Call your local elementary school and ask to speak to a 5th grade math teacher and ask them.
It is no wonder they have no problem finding contestants for the TV show, "Are you Smarter than a 5th Grader".
 
Quote from ProfLogic:

First, you said you weren't a mathamatician so don't try now.

50% times 50% is 25% . . . period.
You multiply percentages when compounding . . . not add them together.
Call your local elementary school and ask to speak to a 5th grade math teacher and ask them.
It is no wonder they have no problem finding contestants for the TV show, "Are you Smarter than a 5th Grader".
More...

I guess in the real world you might be a salesman. When splitting 2 cakes fairly between 2 people - which should be 1 each.
In your world the customer gets a quarter share of 2 cakes i.e. half a cake and low and behold you got 1 and half cakes !! Republican logic or what

Anyone shaking hands with you dude better count their fingers afterward !!

lol:D
 
Quote from Humpy:

I guess in the real world you might be a salesman. When splitting 2 cakes fairly -
The customer gets a quarter share of 2 cakes and low and behold you got 1 and half cakes !! Republican logic or what

lol
More...

50% + 50% = 100% TRUE

But we aren't splitting cakes we are compounding percentages of DIFFERENT indicators. The given procedure when compounding percentages is to multiply them not add them.

50% correct picks of a MACD + 50% correct picks of a STOCHASTIC = 100%????
Wow if this were true it would be wonderful but this statement isn't even true.

50% correct picks of a MACD x 50% correct picks of a STOCHASTIC = 25% CRAP
That is common sense and elementary math.

Adding percentages in order to compound them is Obamanomics. You must have hated the outcome of the Massachusetts election yesterday too huh.
 
Quote from TraderZones:

Ignorance is no excuse for not using indicators.

The only thing ignorant was this saying
More...

Not the brightest crayon in the box are we?
 
You must log in or register to reply here.
Back
Top