I'm wondering if anyone has done a summarization of NTW31's method. I think there is some good stuff in this thread but I found it very hard to follow.
yeah sorry it makes sense to me because im scatterbrained, so when i read it. it makes sense. if you have anyquestions just ask.
Programmed that I designed using fully statistical data and runs without any user input.. it corrects itself and is constantly republishing new statistics for itself and trading based off of those results.... this is proprietary and will not be released but goes to show the ability of the use of statistics when mixed with basic TA. NUKE.
Hi Nuke , thanks for the thread Say you are going to draw stats off the daily interval for stocks. What interval would you use with the 20 EMA in order to determine bias? ...weekly? monthly?
depends on what your trying to do .. 20EMA is usually fine... there are defferences between EMA's and how price movement relates to that specific EMA... But generally if you above the 20 EMA look to be long if your below look to be short.. If your above the 20 EMA and price is at a high of more than 140% you should not enter long.. if your below 20 EMA and price is more than 140% below the low dont enter short. The opposites are likely true as well.... IF your above the 20 EMA and 140% below the low and if trading on the daily ( interest rate differential is in favor of long then its ok to enter long. the opposite for short. The Mechanics of price when above the 20 ema will drop quickly rise slower than it drops the opposite is true aswell. NUKE