Murray, I have data back to 1996 and did extensive back testing in 2006 with the different RSI levels. That is where the 29/49 limits came from. I really don't feel a need to do it again. I would be glad to give you my data base and excel file if you would like to work with it. It has options for any RSI level trigger for buy or sell and trade at close or open. I am pretty happy with where we are and just don't really want to put anymore time into it at this point.
I think you missed the point about the possibility of not selling VTO at 49. When VTO gives a buy, I have no other TA that is giving a buy, because VTO is not based on TA's reversing, but just absolute levels. At the other end when VTO is giving a sell signal, the reverse is now in full gear and all the TA's are giving buy signals. Many times I have seen very minor pull backs at the RSI49 level and then prices continue their march upward. Gloe said she had seen the same thing. However if you want to stick to the standard VTO which has proven to be a winner that is fine. I was only suggesting that using a broader look at indicators might lead to a higher profit. If you don't momentum trade then I would understand your comment.
I have often thought about why nobody looked at VTO for shorts also, but never took the time to do it myself. It sounds like you are about there. Would love to see some results by trade.
For the present I plan to trade VTO using the MACD filter that gloe presented a few days back. Glad to see you still carrying the torch for improving VTO.
Trade the Charts and not the Heart - Expect the trend to continue until it doesn't.
