On the side note, how about slope of MA line? Slope can tell which one is rising faster. Eyeballing is not good at all to judge the slope. What looks steeper may not be. Currently I use RSI instead .. I dont know if its equivalent though. Is there an indicator for that and anyone uses that ?
Hey Gummy, thanks for the spreadsheets, they look very good. I just dropped by your website, and it looks like there's a LOT of very interesting stuff there -- I hesitate to use the term "gold mine", but that's what it seems to be. I definitely think I'll be losing a few days of my life to your site in the near future. Thanks, and it's nice to have you aboard ET!
Just found this: http://www.marketthoughts.com/charts.html You pick a start/end date and then it charts the distance (%) from 50 and 200 MA for the index. Neat. The other stuff on the web isn't all that bad either. Happy trading.
Just friggin eyeball it already. Worked for me with LM just now. Next short candidate is IYR See chart below:
Try MACD: 1,50,1 Use one as the first MA, 50 or whatever you want as the MA, and 1 and the smoothing average. Then draw a horizontal line at 0. Seems to be what you're looking for.
I agree. This thing is setting up nicely. That coupled with all the optimism out there on real estate, it looks like a great short. Good Luck
wrap up: torontotrader, nice shootin Tex! ElectricSavant and frogy, you're right ! I allowed my bias against indicators in general to cause me to ignore this. Albeit, MACD relies on exponential MA and I would prefer to use simple MA but still it does give a nice visual representation on the chart of distance from MA. Thanks guys.
You can use Investor R/T and choose simple, least square, and 8 or nine other variants of MACD ma's...but I stongly suggest you use volume together with this...
Um I think this is pretty much exaclty what you want http://www.trade-ideas.com/Help.html#wsf_MinMA200P