No. of Recommendations: 0

In this chart, the parameters for CCI and FORCE are defaults, and I always use the same ones for the KELT/RS panel. But the params for TRIX can be varied widely.

Which it would make sense to use would depend on a trader's intentions and which piece of the time-series she were trying to capture. To my eye, for WYN, the 5/3 pair makes the best sense, for their aligning so well with the RS, CCI, and FORCE panels. But, also, since all of them are now saying the same thing, none of them are needed, and the real clue to what a trader should have done was provided (once again) by price itself when it penetrated the lower band of the Keltner Channel. That’s the most important piece of information in that chart. The top-panel indicators are just ”training wheels”. They’re nice to have, but not necessary.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.