Forum Archive Index - November 2002

[Phyllis Bergquist <phyl@clear.net.nz>]

Phaedrus,
Thank you.....   I am a more medium term person and was using the default
values.     I do shorten some a little - but in tune with basic Fibonacci
numbers.   I use less and less indicators and find it cuts to the chase much
more simply.

>From   ever learning  Phyllis.
----- Original Message -----
From: "Phaedrus" <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Thursday, November 28, 2002 11:40 AM
Subject: [sharechat] Relative Momentum Index


> 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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