Dear all,
I am using Matastock and EOD data for analysis. I trade predominently on NSE. I wish to try the Tripple Screen system as suggested by Alexander Ray. I wish to use Elder-Ray Oscillator and / or Force Index as 2nd screen (with 1st screen being MACD Histogram) ? Can any senior guide on :
1. Usefulness of Tripple Screen System and its importance to Indian Stock Market ? Can it be used for stocks as well as derivatives (especially options) ?
2. If useful, then the combination of above (MACD being the 1st screen and Elder Ray / Force Index as 2nd screen) is alright or needs any change ?
I wish to have formula to buid these Elder-Ray Oscillator and Force Index in Metastock. I am using Metastock Professional version 7.2
Can anyone help on this please ?
Thanks,
AAD
I am using Matastock and EOD data for analysis. I trade predominently on NSE. I wish to try the Tripple Screen system as suggested by Alexander Ray. I wish to use Elder-Ray Oscillator and / or Force Index as 2nd screen (with 1st screen being MACD Histogram) ? Can any senior guide on :
1. Usefulness of Tripple Screen System and its importance to Indian Stock Market ? Can it be used for stocks as well as derivatives (especially options) ?
2. If useful, then the combination of above (MACD being the 1st screen and Elder Ray / Force Index as 2nd screen) is alright or needs any change ?
I wish to have formula to buid these Elder-Ray Oscillator and Force Index in Metastock. I am using Metastock Professional version 7.2
Can anyone help on this please ?
Thanks,
AAD