Iterative Refinement

 
Quote from LittleMac:

Was I getting false signals for a month or more??
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Differences among data providers has existed for quite some time. In fact, a thorough discussion on this very topic occured several times throughout the different Equities Journals. While I do not know the answer to you specific question, I can tell you how to determine, on your own, the answer.

Did the signal you felt told you to enter long result in volume which increased over the previous day and brought the stock out of dry Up? If so, you did not have a false signal.

Again, I encourage you to review the methodology fundamentals at your earliest convenience.

- Spydertrader
 
Quote from tc8:

LittleMac
I didnt get in on RWT either,
it gapped down through the tape, before filling the gap, then breaking through the intermediate line. I took a lot of volume to get there, and I'm not confident that this is a point 3

reposted GIF
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I did a papertrade on RWT today and got stopped out. fortunately I had a tight stop.

For those who are doing equities, would you be interested in a chat during the market hours? We could point out stuff and discuss it while it's happening. I haven't done this before but I think it'd be fun and educational. If someone already knows how to set it up that would be great, if not I will try to do it.
 
Quote from LittleMac:

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??
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Like Spyder commented, differences between data providers can result in different values all the time. For a while I had Quotetracker and Qcharts both running, and they never agreed. Generally, they had the same volume number, but % of average COULD be different. The troubling part was, it was never consistent. Sometimes QC was higher than QT, sometimes the other way around. As a result of all this, I added a 65 day MA to my daily charts. So now, the % column is only relative to other stocks in the list - in other words, which stock is rising to the top of the pile, so to speak. But I've found the % NUMBER fairly useless in determining whether or not it's reached FRV, DU, etc.

As a result, I've found myself kinda forced into using channels and Gaussians in my stock trading, and ditching the DU/FRV/PV criteria.
 
Quote from cunparis:

I did a papertrade on RWT today and got stopped out. fortunately I had a tight stop.

For those who are doing equities, would you be interested in a chat during the market hours? We could point out stuff and discuss it while it's happening. I haven't done this before but I think it'd be fun and educational. If someone already knows how to set it up that would be great, if not I will try to do it.
More...

This is a good idea. As a new student of the equities methods I'm open to to all chats and educational experiences. Same goes for the futures methods.
 
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