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Respect Redspike/Greenspike formulas for the DJ-30 Hourly Chart Topic Rating:
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signaltap
Posted : Friday, August 29, 2008 7:47:49 AM
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tobydad
Posted : Friday, August 29, 2008 8:13:08 AM

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Nice Sig. Good stuff. Thanks.
klynn55
Posted : Friday, August 29, 2008 6:11:20 PM
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signal; it would be nice if you posted the formula, i can't seem to read it! thank you
jas0501
Posted : Friday, August 29, 2008 7:45:12 PM
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Could make out (2.95* so did a search and these might be canidates:

L < ((2.95 * MINL15.7) - MAXH7.3) / 2 AND STOC50.3 < 10 AND L < L1

and:

H > ((3.05 * MAXH15.7) - MINL7.3) / 2 AND H > H1 AND STOC50.3 > 50 AND TSV3 < TSV8

sharppolly
Posted : Friday, August 29, 2008 9:37:21 PM
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Joined: 1/18/2008
Posts: 209
Hi,
  How you get the colored candles in telechart.  Ithought that was Blocks specific??

Thnx
Sharp
StockGuy
Posted : Friday, August 29, 2008 11:12:55 PM

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QUOTE (sharppolly)
Hi,
  How you get the colored candles in telechart.  Ithought that was Blocks specific??

Thnx
Sharp


There is an option on the Balance of Power (BOP) indicator to paint the price chart the same colors as the BOP plot.  It looks like he has this option selected and the BOP plot set to not visible.
sharppolly
Posted : Saturday, August 30, 2008 7:51:35 AM
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Hi Stock Guy,
  Ahh I see.

Thnx

Sharp
signaltap
Posted : Saturday, August 30, 2008 8:35:20 PM
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signaltap
Posted : Saturday, August 30, 2008 8:55:22 PM
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green spike oversold and ready to pop:

L<((3.05*MINL15.7)-MAXH7.3)/2 AND STOC12.5<10 AND L<L1


red spike overbought and read to comedown:

H>((2.95*MAXH15.7)-MINL7.3)/2 AND H>H1 AND STOC12.5>90 AND TSV3<TSV8


if you read Don Worden's Jan4th 2008 nightly report, you can see that the original formulas from Sir Oversold's ( the green one, I use 3.05 and I use stoch's 12.5 instead of 50.3) and Sir Rocket Scientist (the red one, I use 2.95 and use 12.5 stoch's and above 90 instead 50.3 ,above 50) have been changed slightly, I feel that these settings are DEAD ON, Signaltap





signaltap
Posted : Thursday, September 4, 2008 4:11:22 PM
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just a perfect top! over 500 points ago! and making money
hubba
Posted : Saturday, September 6, 2008 4:56:49 AM
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great stuff, sig
signaltap
Posted : Saturday, October 4, 2008 10:46:35 AM
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try to paste (into boolean formula area and test the formula, it should work) both formulas, then  click "chart template " then % true, have smooth avg = 1, and exponential and visible.

thanks for your time, Sig
signaltap
Posted : Saturday, October 4, 2008 10:47:31 AM
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I meant each formula separate. 
sailnadream
Posted : Friday, October 23, 2009 1:18:23 AM
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Joined: 2/19/2008
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I get the red spike but not the green.  Can someone help?
sailnadream
Posted : Friday, October 23, 2009 1:28:30 AM
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Nevermind, I see it.  There hasn't been a green spike on a daily chart since March,
diceman
Posted : Friday, October 23, 2009 1:34:11 AM
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Red=Overbought. (may be time to sell)
Green=Oversold (may be time to buy)
 
Notice in the chart above Red at tops, Green at bottoms.
 
Like anything else its an indicator not a guarantee.
You should confirm decisions with your normal analysis.
 
 
Thanks
diceman
realitycheck
Posted : Friday, October 23, 2009 10:03:18 PM
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Joined: 9/25/2007
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QUOTE (sailnadream)
Nevermind, I see it.  There hasn't been a green spike on a daily chart since March,


Yeah ....

But that was a good one ....

signaltap
Posted : Saturday, April 20, 2013 5:49:19 AM
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Joined: 3/16/2006
Posts: 2,214

QUOTE (signaltap)
green spike oversold and ready to pop:

L<((3.05*MINL15.7)-MAXH7.3)/2 AND STOC12.5<10 AND L<L1


red spike overbought and read to comedown:

H>((2.95*MAXH15.7)-MINL7.3)/2 AND H>H1 AND STOC12.5>90 AND TSV3<TSV8


if you read Don Worden's Jan4th 2008 nightly report, you can see that the original formulas from Sir Oversold's ( the green one, I use 3.05 and I use stoch's 12.5 instead of 50.3) and Sir Rocket Scientist (the red one, I use 2.95 and use 12.5 stoch's and above 90 instead 50.3 ,above 50) have been changed slightly, I feel that these settings are DEAD ON, Signaltap


How to apply these two % true Custom PCF indicator into the charts itself as a visual, not just a scan sort?  http://i196.photobucket.com/albums/aa104/signaltap2/greenspike_zps9826d251.png?t=1366450880


signaltap
Posted : Saturday, April 20, 2013 5:58:17 AM
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