woofys
212 posts
msg #31081
- Ignore woofys |
2/13/2004 9:24:24 PM
There are all these different versions of volume. ie. vol(90), vol(10), Vol(30) etc.. What will all these different versions give me that volume(90) wont?.
The same thing with rsi, I hear a lot about rsi(2) . I use it . I like it.I saw another post where the fellow says he uses rsi(10) to enter a trade. What kind of edge does rsi(!0) give him that the other versions of rsi wont?
How can I learn more about these 2 indicators in this regard?. I have a big problem tring to download sf user guide. I dont have excel or what ever it takes to do it.. Are there any books on this subject?
ZUBER, in a post (9-16-03) Has a momentum filter: "rsi(15) is above 80 and rsi(15) is below 95 and price is between $2 and $15 and average volume(10) is above 100000"
Then he explains: "...wanted to screen out one day wonders so keep rsi below 95. Also, dont want to eliminate stocks that trade below 100000k shares ADV (does this mean "average day volume"?) but now are getting institutional support, so went to a short ADV parameter".
Is he saying in effect that by choosing an average vol of (10) rather than (90), (60), or (30) etc.
. that he can go deeper? Is it the lower the parameter number (?) the more sensitive or what?
any help with these questions will be very appreciated
I assure you. Thanks folks
p.s. what dose LOL stand for?
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travlr
80 posts
msg #31089
- Ignore travlr |
2/14/2004 12:53:02 PM
woofys,
Here are two very good sites to learn about indicators and chart reading...
http://stockcharts.com/education/
http://www.incrediblecharts.com/technical/easy_guide.htm
As to your question what you assumed is correct. The Parameter on these indicators is the "Look Back Period" and therefore the shorter LBP the more sensitive it would be to immediate market conditions. The trick is to find the LBP that is balanced; so as to be useful to your trading style and not be over sensitive. Hope this helps.
travlr
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jthehut
124 posts
msg #31090
- Ignore jthehut |
2/14/2004 2:03:47 PM
LOL = Lots of Laughs
LMAO = Laughing my a$$ off
IMHO = in my humble opinion
jmo = just my opinion
ttyl = talk to you later
~the hut
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EWZuber
1,373 posts
msg #31095
- Ignore EWZuber |
2/15/2004 2:18:51 AM
woofys
William Oneal uses RSI and his own proprietery rating system that is very useful.
He has a book well worth reading called, 'How To Make Money In Stocks'.
Also;
http://www.equis.com/Education/TAAZ/?page=100
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woofys
212 posts
msg #31109
- Ignore woofys |
2/16/2004 7:49:58 PM
travlr what do you mean by look back period?
jthehut thank you very much
ewzuber thank you zuber also
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travlr
80 posts
msg #31110
- Ignore travlr |
2/17/2004 5:35:10 AM
woofys,
Most indicators are a mathematical "reflection" of what's happened to the stock (security) in the recent past. The "lookback" period is the number of periods
(ie. days) that the mathematical computation reflects upon. So a moving average of the volume for 90 days -avgVol(90)-, for example, has a "lookback" of 90 days or what ever time frame you are working with.
My suggestion is to go to the sites I listed above, and start with a simple moving average to initiate yourself to the basic concept of indicators. If you do have more questions after doing some diligent studying, post them and you'll find most people on this site will be willing to help.
travlr
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cegis
235 posts
msg #31111
- Ignore cegis |
2/17/2004 9:54:37 AM
Another "web speak" you may see a lot on stock sites:
YMMV - Your Milage May Vary (meaning "you'll probably get different results"). I always add it as a "disclaimer", so someone reading my post can't "blame" me if what I say doesn't work for them (although they often do <g>)...
HTH,
C
(That's Hope This Helps)
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woofys
212 posts
msg #31126
- Ignore woofys |
2/18/2004 9:29:05 AM
travlr thanks travlr.
cegis Thanks cegis.
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bob79924
38 posts
msg #31161
- Ignore bob79924 |
2/21/2004 4:54:31 PM
I always thought LOL meant "lots of luck".
Bob
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petrolpeter
439 posts
msg #31170
- Ignore petrolpeter |
2/22/2004 9:39:53 AM
I thought LOL was 'Laugh out loud'!
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