invaliduser: Any favorite patterns you look for? Agreed, without some form of confirmation, it can be a bit like catching a falling knife. Pat
More like getting your throat slit... Dude, you gotta pretty up those charts a little. How are you taking pics of them and posting them into ET?
77: I use 'snag it'. I think there are other freeware/shareware proggies out there that do the same thing.
I have a couple of charts I would like to share but have no clue in how to take a pic and post it directly into the thread so people don't have to open a file. Any ideas ? Thanks.
OptionPro: www.techsmith.com has 'snag it', the program I use, for free 30 day trial. I think they require an email address. http://www.gadwin.com/printscreen/ is a basic freeware program that works ok. Pat
The attached file shows a very clear buy signal. As the market rallies to the pivot line, it indicator shows weakness before it stalls out there.
Eewh, ugly ugly charts. Ugly. I honestly beleive, there is a conspiracy of shitty software out there, to cut through the profits and skill of traders around the globe. Hey, if you disagree-but all my google surfing suggests "divergence" is one of the hardest things to actually program a computer to recognise, period. How can this be?
LOL. Maybe the Ugly charts helps the man concentrate on the "game" rather than admiring his charting software. PS. I don't like the eSignal LAF either.
The recognition of any divergence is relatively easy and fast. The only thing you need is a clear, unambiguous definition. The rest is trivial. You may have a look at my divergence codes in http://www.amibroker.com/library/list.php for more details.
I used the MACD and/or stochastic divergence for light crude oil futures over the last 5 years. The story is ALWAYS the same... The last example was a net +40% and it was not bad at all !!