(Req) shark fin trading by wendy kirkland

rvlvvel

Member
WwI Memebr
#1
hi friends

SHARK FIN TRADING INDICATOR
You do not have permission to view link Log in or register now.


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
You do not have permission to view link Log in or register now.


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.
 

Attachments

Last edited:
Top