Forum Archive Index - November 2002

[Phaedrus <Phaedrus@techemail.com>]

Phyllis,
        I find that the MetaStock default values of 20/5 work very well for 
this particular indicator, so I almost always use them. In the charts that I 
have posted, the only exception that I can find is a chart of WAM I posted some 
time back, in which I used optimised periods. (26/5)
 I make a conscious effort to use default values as much as possible in my 
posted charts to avoid charges of curve-fitting. For myself, I often backtest 
indicators and use parameters optimised for specific stocks. Also, some 
indicators are too active for me, giving too many signals for my preferred 
level of trading activity. I often increase the period used, thus "detuning" or 
"desensitising" the indicator to make it better suited to my needs. I do not 
have the reverence for the MetaStock default values that some people have!

    Regards,
             Phaedrus.

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