graftonian
1,089 posts
msg #155326
- Ignore graftonian |
1/15/2021 4:02:33 PM
After using the Schaff Trend cycle as one of my "go to" entry signals, I am beginning to have second thoughts. The PPO and its cousin, the MACD) appears to have fewer false signals, but is a bit slower.
Your Thoughts, and a great weekend to all
Duane
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Cheese
1,374 posts
msg #155336
- Ignore Cheese |
1/16/2021 10:52:24 PM
graf (Duane)
About PPO
Before Joanne Klein started a paid subscription service, she raved about using PPO for AAPL.
That chart is no longer among her free public list.
About STC
Doug Schaff succintly described STC as the stochastic of MACD.
Many websites on STC focus on the MACD of STC, and come with final thoughts like
STC is a leading indicator so use additional indicators for confirmation
A few websites on STC focus on the stochastic of STC.
snappyfrog's %K(40,40,4) signals using the 20 & 80 thresholds might be comparable to
STC 25 & 75.
There is also a suggestion that there Sine Wave influence in STC.
You and John (Mac) have had a discussion about IFT as workaround for Sine Wave,
and you espoused the idea of Pregnant IFT.
I believe some Pregnant IFT and some stochastics have shapes and signals similar to STC.
It may be interesting to use leading STC with MACD, stochastic and IFT for confirmation.
Happy trading, and thanks for all your creative ideas and filters over the years.
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sat_stocks
24 posts
msg #155341
- Ignore sat_stocks |
1/17/2021 1:13:05 PM
Hi,
could you please let us know ENTRY and EXIT points when to enter and exit basis on which indicator OR please add Colum for BUY and SELL signal if posible.
Thanks
sat
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graftonian
1,089 posts
msg #155342
- Ignore graftonian |
1/17/2021 2:53:36 PM
@Sat,
I use STC crossing above 25 as an entry signal only, The STC can stay at high levels for a long time and is too slow for an exit. I use the highest of PSAR or Daryl Guppy's 3 day count-back as a trailing stop; as a trend matures and begins to level off they are, more often than not very close to one another.
Duane
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nibor100
1,043 posts
msg #155350
- Ignore nibor100 |
1/18/2021 9:13:38 AM
@Graf,
Could you post a few of the trades indicated by your version of the STC that you didn't like and their dates?
I'm curious and would like to study them further.
Thanks,
Ed S.
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graftonian
1,089 posts
msg #155357
- Ignore graftonian
modified |
1/18/2021 11:17:15 PM
@Ed S.
The most frequent reason a trade was not taken was a down opening, or a gap up that didn't fill in.
Often bad news, even in the sector, tipped the scales. I also (being an aesthetic) pay attention to candle patterns(the easy ones). A Doji and weak volume will kill a trade.
My current Hull/STC/Volume filter has been added to over the months; PSAR and Vortex (thanx to a discussion here.). I'll post the latest version at the end.
A few weeks ago I got burned, playing w/ UPRO, TQQQ,GLD. Somehow that led me back to the "Charting Wealth" blog. My last few trades have been a combination of CW philosophy applied to the market and Hull/STC. If it can pass both tests, how can it lose? The answer is "easily"
FYI, I am ready to pounce on TBLT, PPSI, and maybe another shot at AMRS.
On another subject, I believe the Excel skills required for Edgerater are beyond my paygrade. I requested some extra time, and Chris graciously extended another 2 weeks to me; I'm still working at it..
Graf
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sat_stocks
24 posts
msg #155367
- Ignore sat_stocks |
1/19/2021 7:43:55 PM
HI,
If AbvPSAR is "1" , indicator for BUY signal?
Thanks
sat
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graftonian
1,089 posts
msg #155369
- Ignore graftonian |
1/19/2021 9:17:46 PM
@Sat,
Not quite, the crossover of PSAR adds to the buy side of the equation.
Graf
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