A magic indicator - Please review and comment

#21
The ulterior motive of this indicator i feel is that, if you see in the LIVE CHART THE FOLLOWING

1) The RED LINE CROSSES THE BLUE LINE IN THE UPWARDS DIRECTION, then Go long.

2) When the RED line crosses the blue line in the downwards direction, THEN GO SHORT.

No other worries need to be accompanied to one while active trading, if this is proved to correct, provided that its grilled with a lot of successful percentage of back tests, with different types of market phase.

Regards
Saivenkat:)


You can make any type of observations at the end of the day since YOu will see the complete picture at the EOD.. But during trading,, many places where the two lines embrace each other , you will find it very difficult to decide which side the Cat Will jump..

You can keep other indicators or other observations to help you take a decision which again will be 50:50.. This is what makes people to loose most of the time who do intraday trading...

If your trade goes the other side.. you should have the swiftness to switch trades.. else it will end up doing a losing trade..

JD
 

sumitdasjoshi

Well-Known Member
#23
well my freind if you realy think this indicater is magical so you are not posting after every day a chart whith difrent stock if it is realy magicalal than result will prove it atomaticaly just by showing this indicater is just in one chart does not make it magical no offence but its true.
 
#24
The ulterior motive of this indicator i feel is that, if you see in the LIVE CHART THE FOLLOWING

1) The RED LINE CROSSES THE BLUE LINE IN THE UPWARDS DIRECTION, then Go long.

2) When the RED line crosses the blue line in the downwards direction, THEN GO SHORT.

No other worries need to be accompanied to one while active trading, if this is proved to correct, provided that its grilled with a lot of successful percentage of back tests, with different types of market phase.

Regards
Saivenkat:)
Yes, that works perfect when there is a trend in the stock. but who can say when there will be e trend and when there wont be one.
 
#25
Mr. Perfectip. Sorry to say that I expected lot more meat in your claim. Claiming something as "magic indicator" based on just one set of data is frankly not acceptable. Einstein once said, "Thousands of experiments can't prove me(theory of relativity) right but just one experiment can prove me wrong".

Your effort to research a new indicator and discuss in the trading community is laudable. But it has to have more rigour. Let's approach any such endeavour with the humility and caution of a great scientist.
 

sudoku1

Well-Known Member
#26
the ultimate indicator >

i don't care whether u r driving a hybrid or an SUV. If u r headed for a cliff, u have 2 change direction !!;)
 
#27
I shall be more than glad to share as many screenshots as required... please post the names of the scrips that you would like to see.. and i shall post two pics for each, one for the good side and one for the bad side if this indicator.
 

vinst

Well-Known Member
#28
I shall be more than glad to share as many screenshots as required... please post the names of the scrips that you would like to see.. and i shall post two pics for each, one for the good side and one for the bad side if this indicator.

Post for EID Parry, please.

regads
vin
 

krm

Active Member
#29
I shall be more than glad to share as many screenshots as required... please post the names of the scrips that you would like to see.. and i shall post two pics for each, one for the good side and one for the bad side if this indicator.
Aptech please

Thanks
krm
 

saivenkat

Well-Known Member
#30
I shall be more than glad to share as many screenshots as required... please post the names of the scrips that you would like to see.. and i shall post two pics for each, one for the good side and one for the bad side if this indicator.

A welcome idea, to analyze about the indicator, when you post about good and bad side of the indicator in discussion
.
But when you name what indicator you are talking about, amongst the members here, each one of us will give their experiences with the indicator they had, and their ideas in making the exact (parameters) settings in the indicator under different market conditions will be more useful. So our discussion will be more focused, in analyzing the properties of that indicator alone,rather than revolving about the guess work in finding the name of indicator.

Another point i feel is that, when we analyze in group, we can have a better judgment about it, rather than a single person analyzing it.

Of course, its my view on this subject, may be if you would have a different and better thought on it, please kindly ignore my views.

Regards

Saivenkat.:thumb:
 

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