Posted by timebandit on 24th of May 2022 at 10:43 am
SPY/UDN Weekly Chart- someone showed me this a year ago. I have been following it
and have decided I like it. It's very simple: buy signal when the
ema(1) crosses above the ema(3) and vice versa. There are some
whipsaws, but on the whole it's pretty clean. He said he's tried it
on other time frames, but the weekly worked best. I have only used
the weekly
Posted by robbief111 on 24th of May 2022 at 02:38 pm
More noodles. Thanks for sharing that idea! I tweaked it a bit.
Hope the chart is viewable...........
I used a smoother version of the SPY/UDN weekly close price
(not displayed) as: ZL = 2*FAVG8 - AVG8
That's 2 times a weighted average of 8 and subtracted an
average 8.
NOTES:
1. I don't know if this can be done in Stockcharts. I used
TC2000.
2. It's just an indicator, not a system.
3. It will not do well during a consolidation.
4. The bottom indicator shows when the smoothed RS line (ZL)
was > EXP3
Posted by timebandit on 24th of May 2022 at 03:01 pm
Wow, I like that!
I agree insofar as I use it: not a system. I should have said
that. I have simply been monitoring it, and yes, use it as an
indicator. I do believe the fellow who shared it with me uses it as
part of a system, but he did not get into that.
I suggest with anything like that - during trending times use a
whipsaw confirmation filter to filter out the noise - then don't
use it to confirm a new entry after a zig zag abc pullback has
occurred
Posted by timebandit on 24th of May 2022 at 10:59 am
Udon is a very nice Japanese soup that I highly recommend. UDN
is a dollar index bearish fund. Yes, I have not experimented beyond
the parameters given to me - the 1 and 3 ema crosses
SPY/UDN Weekly Chart - someone showed
Posted by timebandit on 24th of May 2022 at 10:43 am
SPY/UDN Weekly Chart - someone showed me this a year ago. I have been following it and have decided I like it. It's very simple: buy signal when the ema(1) crosses above the ema(3) and vice versa. There are some whipsaws, but on the whole it's pretty clean. He said he's tried it on other time frames, but the weekly worked best. I have only used the weekly
More noodles. Thanks for sharing
Posted by robbief111 on 24th of May 2022 at 02:38 pm
More noodles. Thanks for sharing that idea! I tweaked it a bit. Hope the chart is viewable...........
I used a smoother version of the SPY/UDN weekly close price (not displayed) as: ZL = 2*FAVG8 - AVG8
That's 2 times a weighted average of 8 and subtracted an average 8.
NOTES:
1. I don't know if this can be done in Stockcharts. I used TC2000.
2. It's just an indicator, not a system.
3. It will not do well during a consolidation.
4. The bottom indicator shows when the smoothed RS line (ZL) was > EXP3
Wow, I like that! I agree
Posted by timebandit on 24th of May 2022 at 03:01 pm
Wow, I like that!
I agree insofar as I use it: not a system. I should have said that. I have simply been monitoring it, and yes, use it as an indicator. I do believe the fellow who shared it with me uses it as part of a system, but he did not get into that.
I suggest with anything like
Posted by matt on 24th of May 2022 at 02:43 pm
I suggest with anything like that - during trending times use a whipsaw confirmation filter to filter out the noise - then don't use it to confirm a new entry after a zig zag abc pullback has occurred
thanks for sharing!
Posted by greggone on 24th of May 2022 at 11:19 am
thanks for sharing!
interesting- what is the spy/udn
Posted by watcdy on 24th of May 2022 at 10:52 am
interesting- what is the spy/udn ? And do you monitor the 1 & 3 Ema exclusively for that symbol ?
Thanks
Udon is a very nice
Posted by timebandit on 24th of May 2022 at 10:59 am
Udon is a very nice Japanese soup that I highly recommend. UDN is a dollar index bearish fund. Yes, I have not experimented beyond the parameters given to me - the 1 and 3 ema crosses
Very funny -I’ll have to
Posted by watcdy on 24th of May 2022 at 11:04 am
Very funny -I’ll have to try the soup and work on my fat fingers - but thx for the explanation :)
In reality I believe that
Posted by jimmytheshoer on 24th of May 2022 at 11:03 am
In reality I believe that Udon is actually the noodle.
Love the noodles and the
Posted by timebandit on 24th of May 2022 at 11:17 am
Love the noodles and the soup made with them