Iterative Refinement
- Thread starter Spydertrader
- Start date
I experimented with the daily ergodic as an early warning for a MACD crossover while attempting to automate more of The Equities Method - beyond Dry Up and Rank. I now only use Price and Volume (Channels and Gaussians) for Equities, but have left the Standard Indicators on my Equities Charts for those among us who still use them.
- Spydertrader
Yes, I agree.
I recommend reviewing the recent chat log as well.
- Spydertrader
thanks for the speedy response Spyder.
I realize everyones Journey will be different, but as you have experienced success in yours, I am trying to follow the same path, and don't wish to jump ahead.
If you feel there was no added benefit, then I will skip it. I find I rarely look at the stoch or macd anymore anyway.
For anyone new to this method, One thing I found that helped me to see changes more consistantly in the equities, was to focus on stocks that meet Jacks "visual" sort for rank using the Stoch over 80 five times in six months.
The Rank scripts are a great timesaver, however there are stocks that make the 20% runs in a few days, but are all over the place.
find some smooth transitioning "flawless" stocks, swinging from 20 to 80 to 20 to 80, and draw the trends and Gaussians. If nothing else, it is a confidence booster.
I realize everyones Journey will be different, but as you have experienced success in yours, I am trying to follow the same path, and don't wish to jump ahead.
If you feel there was no added benefit, then I will skip it. I find I rarely look at the stoch or macd anymore anyway.
For anyone new to this method, One thing I found that helped me to see changes more consistantly in the equities, was to focus on stocks that meet Jacks "visual" sort for rank using the Stoch over 80 five times in six months.
The Rank scripts are a great timesaver, however there are stocks that make the 20% runs in a few days, but are all over the place.
find some smooth transitioning "flawless" stocks, swinging from 20 to 80 to 20 to 80, and draw the trends and Gaussians. If nothing else, it is a confidence booster.
More recent than 1/29 or 2/01?
Which date, please, please? I seemed to have missed one.
This is something that I haven't looked at but that baffled me today as a discrepancy in my indicators. I follow Unusual Volume namely %Vol. According to the Unusual Volume chart, 60% of the 65 day average volume is considered hitting FRV. I have been using the %Vol indicator in Quotetracker for all my % volumes of the 65-day average. For instance 22% in QT(along with all the other indicators aligned) of 65 day avg volume is my signal to go long out of Dry Up. A stock like GRA today was said to hit FRV according to Unusual Volume levels. Its end of day %Vol on Quotetracker is 62 or 62% of the 65 day avg volume. The volume for this stock today was 781,550 shares.
....The problem that arises is when I compare it to FRV on the Chartscripts. FRV for GRA on the chartscripts is around 1,500,000 which means today's number is not only not hitting FRV it is barely out of UpperBand Dry Up and only half of the FRV listed in the Chartscripts. This is a major concern and I wanted to know if I did something wrong or am reading the statistics wrong. A stock like SOLF which actually hit FRV needed 133% in the %Vol table of Quotetracker to reach FRV levels listed in the Chartscripts.
Was I getting false signals for a month or more??
....The problem that arises is when I compare it to FRV on the Chartscripts. FRV for GRA on the chartscripts is around 1,500,000 which means today's number is not only not hitting FRV it is barely out of UpperBand Dry Up and only half of the FRV listed in the Chartscripts. This is a major concern and I wanted to know if I did something wrong or am reading the statistics wrong. A stock like SOLF which actually hit FRV needed 133% in the %Vol table of Quotetracker to reach FRV levels listed in the Chartscripts.
Was I getting false signals for a month or more??
Agreed, skipping it provides you the best benefit.
If I knew the date, I'd have linked you to it. Fortunately, several people have linked to it recently, so you shouldn't have too much difficulty locating it.
- Spydertrader