Thursday, January 22, 2015 10:40:24 AM
Pring's Special K
http://stockcharts.com/school/doku.php?st=special+k&id=chart_school:technical_indicators:pring_s_special_k
I like this indicator. Here's how I am using it.
1st Add a 10ema. Now you have 3 time frames covered in one indicator. The 0 line on right of the indicator is the longest trend. Above 0 is bullish, below bearish. The red special K line is medium term trend. Below Bearish , above bullish. You'll see lots of resistance and support happening at both of these points. The 10ema is shortest term trend. Again looking for crossovers and rejections for signals. By seeing three time frames in one simple indicator is helpful. You can filter out less probable winners and trade with the trend!! It is usable in all time frames. I like the 60 min.
In this example today I would interpret the special K as stating-
long term trend above 0 bullish: mid term beneath red line bearish: and short term above 10ema bullish. Find your time frame and try it out.
http://stockcharts.com/school/doku.php?st=special+k&id=chart_school:technical_indicators:pring_s_special_k
I like this indicator. Here's how I am using it.
1st Add a 10ema. Now you have 3 time frames covered in one indicator. The 0 line on right of the indicator is the longest trend. Above 0 is bullish, below bearish. The red special K line is medium term trend. Below Bearish , above bullish. You'll see lots of resistance and support happening at both of these points. The 10ema is shortest term trend. Again looking for crossovers and rejections for signals. By seeing three time frames in one simple indicator is helpful. You can filter out less probable winners and trade with the trend!! It is usable in all time frames. I like the 60 min.
In this example today I would interpret the special K as stating-
long term trend above 0 bullish: mid term beneath red line bearish: and short term above 10ema bullish. Find your time frame and try it out.
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