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Profile: rwwoods
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User Name: rwwoods
Groups: Gold User, Member, TeleChart
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Joined: Thursday, September 14, 2006
Last Visit: Tuesday, December 26, 2006 4:37:12 PM
Number of Posts: 11
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Last 10 Posts
Topic: Daryl Guppy's Countback Line
Posted: Friday, October 27, 2006 8:50:09 PM
Is anyone using Daryl Guppy's Countback Line as a stop-loss method? If so, are you using the closing or low values, and how many countbacks are you using? Your evaluation of this stop-loss method would be appreciated.

Thanks, Richard
Topic: Top-Down Strategy Ideas
Posted: Sunday, October 22, 2006 10:42:50 PM
Here are a some links for more information on sector rotation and market cycles.

(URLs removed by Moderator)
Topic: Top-Down Strategy Ideas
Posted: Saturday, October 21, 2006 10:34:18 PM
The major market sectors can be followed by using the iSHARE sector funds. There are a total of 12 sector funds including REIT and naterial resources. I keep those funds in a Watchlist and rank them according to their one month price performance. SPDRs also have sector funds but break the market up into different sectors.

A web search on "sector rotation strategy" will reveal several investment strategies using sector funds.
Topic: Worden Books and Video's
Posted: Thursday, October 19, 2006 3:32:05 PM
Being new to TC, I wanted to ramp up fast; so I purchased the videos on BOP, TSV and MS. They are very easy to follow and provide a very good background on the interpretation of the indicators. Given the time and effort one might be able to devine the major interpretation points on their own, but as the old saw says, time is money.
Topic: Worden Books and Video's
Posted: Thursday, October 19, 2006 3:27:39 PM
Topic: Indicator Time Frames
Posted: Thursday, October 19, 2006 3:26:12 PM
On the subject of indicators for trend following in the book "Bollinger on Bollinger Bands", he uses "an old rule" that says an indicator length should be approximatly one half of the calculation period for the bands. He doesn't know the orign of the rule but suggests "...it is likely an adaptation of a rule from cycle analysis that suggests using moving averages a quarter the length of the dominant cycle." But he also indicates that the proper length may vary depending upon the characteristics of the vehicle being traded.
Topic: Minimum Indicator Value Over a Long Period
Posted: Thursday, October 12, 2006 2:57:05 PM
Craig, that is a very creative approach and it seems to work well.

Thanks! Richard
Topic: Minimum Indicator Value Over a Long Period
Posted: Wednesday, October 11, 2006 9:03:15 PM
Sorry for the typo on the number of bars in 6 mos. It should be 126 (approximate). The indicator is Bollinger's Bandwidth which is 4 standard deviations of price. For a period of 20 bars, the formula is as follows:

4*SQR(ABS(C^2+C1^2+C2^2+C3^2+C4^2+C5^2+C6^2+C7^2+C8^2+C9^2+ C10^2+C11^2+C12^2+C13^2+C14^2+C15^2+C16^2+C17^2+C18^2+C19^2-20*AVGC20^2)/19)/AVGC20*100

One of Bollinger's techniques is to scan for a potential volatility breakout by determining if the current bandwidth value is lower than any other over a period of at least the last 6 months.

Thanks, Richard
Topic: Minimum Indicator Value Over a Long Period
Posted: Wednesday, October 11, 2006 3:36:26 PM
Without writing an absurdly long PCF, is it possible to determine the minimum value of a custom indicator over a period of 161 bars (6 months). My end goal is to determine if the current value is less than the minimum value over the last 6 months. A true/false answer or a net value is acceptable.

Thanks, Richard
Topic: ETF Analysis
Posted: Monday, October 9, 2006 1:19:13 PM
I know that Peter Worden likes to use TSV and MS to assist him in analyzing EFTs, but I would like to know what indicators the rest of this community finds to be useful? For example, do you find that some indicators for stocks just don't work well with EFTs; or, on the other hand, that some indicators work better with EFTs than with stocks? Does the fact that some EFTs are more thinly traded than others affect your indicator choices? Are there any other considerations for your choice of indicators?

Thanks, Richard