Hi guys,
I'm sure like me you have been grateful to Spud for his insight and tutalidge regarding the use of stochastics and different timeframes over the last couple of months.
I find the concepts and ideas he has produced outstanding, but sometimes find it difficult to follow either through time committments or viewing lots of pairs. I was therefore wondering, after looking at emda's new elastic indicators, if it was possible to combine the ideas into a single histogram indicator to define the best times to trade.
I am thinking along the lines of looking at the slope or the position of stochs, drawing on the rope theory, the more stochs different length stochs doing the same thing on each timeframe the stronger signal, together with any forming elasticity, stochs crossing up from 23.6, through 50, over 76.4 etc. The combination of 3 or 4 timeframes here is also key.
Does anyone have any comments on this or is something like this not considered valuable? I'm not a programmer although I can generally understand what the codes are doing so it may also be to complicated, to have 5/6 stoch lines on 4 timeframes all being combined into one element, or emda's current offering may be very close to this already.
Please let me know you thoughts and if positive we can start to put together a list of the required elements.
Thanks,
G-Man
I'm sure like me you have been grateful to Spud for his insight and tutalidge regarding the use of stochastics and different timeframes over the last couple of months.
I find the concepts and ideas he has produced outstanding, but sometimes find it difficult to follow either through time committments or viewing lots of pairs. I was therefore wondering, after looking at emda's new elastic indicators, if it was possible to combine the ideas into a single histogram indicator to define the best times to trade.
I am thinking along the lines of looking at the slope or the position of stochs, drawing on the rope theory, the more stochs different length stochs doing the same thing on each timeframe the stronger signal, together with any forming elasticity, stochs crossing up from 23.6, through 50, over 76.4 etc. The combination of 3 or 4 timeframes here is also key.
Does anyone have any comments on this or is something like this not considered valuable? I'm not a programmer although I can generally understand what the codes are doing so it may also be to complicated, to have 5/6 stoch lines on 4 timeframes all being combined into one element, or emda's current offering may be very close to this already.
Please let me know you thoughts and if positive we can start to put together a list of the required elements.
Thanks,
G-Man
