Replies to post #7253 on A.I.M. Users Bulletin Board (AIMUSERS)

[jibes]

Tom

I've heard that you had done a study on the Williams%R indicator. It's one of my favorites too. How do you use it?

Did you know that the Stochastic and Williams%R give the same exact results? I was amazed to see this. I discovered this when I set Williams%R to 100 (my fav settings) and compared this to the Fast Stochastic 100...the same pattern! Not a big deal but the Fast Sto has a moving average parameter which is nice. I set this to 60. Actually, I use the Slow Sto since it smooths the data. Set to 100 60.

Work is going smoothly on my new trading system. Don Carlson has been helping me. I have ironed out the bugs and am now working on the web pages so it will take a bit longer.
I am presenting it to the world free of charge. The only money I will make off it will be from my own acount unless someone else wants to make money off it and then I would demand a cut! #:)
It is not automatic like AIM but is much like AIM in that a percentage of the Port Value is bought or sold each time depending on signals.
It's also somewhat subjective as to exactly when to act, however with a little practice one can get the hang of it.

Jibes
TrendSeekers at:
http://jibes0.tripod.com/trendseeker.html

[Myst]

Tom......since AIM and X_DEV signals are similar, I thought you might enjoy a visual on what your indicators look like when AIM or X_DEV produce their signals.

Here's your favorite....W%R.....on the QQQ. I like checking W%R as well but feel the CCI (also below) is a bit more "comfortable". W%R is like an on/off switch......either very bullish near zero or very bearish near -100. You don't get a good "relative" feel or degree of bullish/bearishness. It's great for day and swing trading though......when you want to get in and out quick.



Chaiken's money flow indicator won't pinpoint great entry/exit points, but it's great for scoping divergences:



Here's CCI. As you can see it's not as jagged as W%R and also offers a better way to visualize the degree of bullish or bearish sentiment, because you are not stuck to the limits of 0 to -100.


As you know however, it's never a good idea to rely on 1 indicator alone. Combinations of indicators are better......and many indicators with a decent system are even better!

~Myst~