728x90_Header

Collapse

Announcement

Collapse

Extrenal link

Use Code Tag for every link you post Code: link

[code ]your link here[/code ]

All link not using this method will be deleted 15/09/2018
See more
See less

shark fin trading by wendy kirkland

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • (Req) shark fin trading by wendy kirkland

    hi friends

    SHARK FIN TRADING INDICATOR
    Wendy Kirkland

    It uses stock charts indicator and just different set of parameters.
    guess what it is

    take a look
    use it on 60min chart or daily chart
    also refer to
    StochRSI [ChartSchool]

    StochRSI has characteristics similar to most bound momentum oscillators.

    First, it can be used to identify overbought or oversold conditions.

    A move above .80 is considered overbought,
    while a move below .20 is considered oversold.

    Second, it can be used to identify the short-term trend.

    As a bound oscillator, the centerline is at 0.50. StochRSI reflects an uptrend when consistently above 0.50 and a downtrend when consistently below 0.50.
    Because this indicator is quite volatile, some smoothing with a moving average can help for short-term trend identification.

    use MA5 on stochrsi
    See the picture from stochrsi on stockcharts.com
    There will be whipsaws, even when using a 5-day SMA with 20-day StochRSI. For example, a consolidation during a trend can cause the 5-day SMA of StochRSI to gyrate above/below the .50 line before continuing or reversing the trend. Chart 5 shows Yahoo! with 20-day StochRSI and its 5-day SMA for smoothing. The moving average broke above .50 in mid February to turn momentum bullish. This was followed by a resistance breakout for Yahoo! the first day of March. As the stock consolidated with a falling channel in late March, the 5-day SMA for StochRSI(20) dipped below .50 twice (red oval). These dips proved short-lived as the stock broke channel resistance and StochRSI moved above .80 to show strength. The trend did not end until the 5-day SMA moved below .50 AND Yahoo! gapped down.
    Attached Files
    Last edited by rvlvvel; 24-08-2017, 05:15 AM.

  • #2
    Hi rvlvvel,

    thanks for share. What is the setings of the stoch?

    cheers

    Comment

    Working...
    X