this one actually warned of divergence in early February but
didn't cross down until March 5 or 6.
So it captured the whole swing long beginning in November and
went short before well before the down moves.
I didn't get short until the lower high though because I have
another signal that predicted a "double top" which actually was
just a lower high - but close enough.
That's why I was posting the "M" pattern awhile back
Posted by shanebofl on 27th of Mar 2017 at 12:57 pm
Roger, you mentioned your chart held from the lows in November
and signaled to exit around March 5 or 6. But just so I understand
it correctly, didn't it also signal an exit when the TSI crossed
over the EMA slightly in late December, Mid January, the end of
January? All of these cases crossed down for a short time but then
went back up. Didn't the short crossover signal a sell for you 3
times during that timeframe?
price didn't cross the 4 ema when TSI crossed price in Feb. so
there was no signal. Many times divergence doesn't mark an
exact trend change so you have to use other indicators.
Price is the best indicator so you would wait until it
definitively crossed the 4 ema and turns red.
TSI didn't cross the ema in late december, it was still above it
= positive divergence get it? Not sure where you got
that..
Posted by shanebofl on 27th of Mar 2017 at 01:24 pm
Sorry, when I said the TSI was crossing over I was actually
looking at the price line crossing over several times. I guess if I
make a mistake that big I have no business looking any further into
using the TSI, lol. Thanks for your reply.
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$NYSI pivot chart
Posted by roger on 27th of Mar 2017 at 11:10 am
this one actually warned of divergence in early February but didn't cross down until March 5 or 6.
So it captured the whole swing long beginning in November and went short before well before the down moves.
I didn't get short until the lower high though because I have another signal that predicted a "double top" which actually was just a lower high - but close enough.
That's why I was posting the "M" pattern awhile back
What is TSI?
Posted by stevieb294 on 27th of Mar 2017 at 01:41 pm
That's cool Roger. What is TSI? What program are you using there? Thanks!
stock charts - true strength
Posted by roger on 27th of Mar 2017 at 01:49 pm
stock charts - true strength indicator
Roger, you mentioned your chart
Posted by shanebofl on 27th of Mar 2017 at 12:57 pm
Roger, you mentioned your chart held from the lows in November and signaled to exit around March 5 or 6. But just so I understand it correctly, didn't it also signal an exit when the TSI crossed over the EMA slightly in late December, Mid January, the end of January? All of these cases crossed down for a short time but then went back up. Didn't the short crossover signal a sell for you 3 times during that timeframe?
price didn't cross the 4
Posted by roger on 27th of Mar 2017 at 01:06 pm
price didn't cross the 4 ema when TSI crossed price in Feb. so there was no signal. Many times divergence doesn't mark an exact trend change so you have to use other indicators.
Price is the best indicator so you would wait until it definitively crossed the 4 ema and turns red.
TSI didn't cross the ema in late december, it was still above it = positive divergence get it? Not sure where you got that..
TSI is the blue line...
Sorry, when I said the
Posted by shanebofl on 27th of Mar 2017 at 01:24 pm
Sorry, when I said the TSI was crossing over I was actually looking at the price line crossing over several times. I guess if I make a mistake that big I have no business looking any further into using the TSI, lol. Thanks for your reply.