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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Roger, you mentioned your chart
$NYSI pivot 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.