StockFetcher Forums · Filter Exchange · THE "ELDER-RAY" PULLBACKS!<< 1 ... 2 3 4 5 6 ... 10 >>Post Follow-up
mdl060374
91 posts
msg #62740
Ignore mdl060374
modified
5/17/2008 4:05:59 PM

Yeah. I have noticed that the last few days since I have started looking at this. The signals are alot stronger when you do what you suggested.

I am going to try to find someone to create a radarscreen that notifies me of such divergences. Think this is hard to do?

TheRumpledOne
6,359 posts
msg #62741
Ignore TheRumpledOne
5/17/2008 4:28:47 PM

TradeStation deleted my indicators from their forum.

You can get them at www.kreslik.com

There's a few divergence and I believe I coded Bullpower and Bearpower for RadarScreen.

WALLSTREETGENIUS
983 posts
msg #62742
Ignore WALLSTREETGENIUS
modified
5/17/2008 4:29:39 PM

DELETED BY THEMIGHTYRIGGS HIMSELF

WALLSTREETGENIUS
983 posts
msg #62744
Ignore WALLSTREETGENIUS
modified
5/17/2008 4:37:56 PM

DELETED BY THEMIGHTYRIGGS HIMSELF


WALLSTREETGENIUS
983 posts
msg #62747
Ignore WALLSTREETGENIUS
modified
5/17/2008 5:20:05 PM

DELETED BY THEMIGHTYRIGGS HIMSELF

dee8888
8 posts
msg #62761
Ignore dee8888
5/18/2008 7:07:39 AM

I think we have a small error here.

"Bull Power is calculated by subtracting the 13-day EMA FROM the day's High. Bear power subtracts the 13-day EMA FROM the day's Low."

Set{Bullpower, high minus ema(13)} is wrong
Set{Bearpower, low minus ema(13)} is wrong


Set{Bullpower, ema(13) - high}
Set{Bearpower, ema(13) - low}

WALLSTREETGENIUS
983 posts
msg #62762
Ignore WALLSTREETGENIUS
modified
5/18/2008 8:50:25 AM

DELETED BY THEMIGHTYRIGGS HIMSELF

nikoschopen
2,824 posts
msg #62765
Ignore nikoschopen
5/18/2008 3:17:03 PM


Quote from dee8888:

I think we have a small error here.

"Bull Power is calculated by subtracting the 13-day EMA FROM the day's High. Bear power subtracts the 13-day EMA FROM the day's Low."

Set{Bullpower, high minus ema(13)} is wrong
Set{Bearpower, low minus ema(13)} is wrong


Set{Bullpower, ema(13) - high}
Set{Bearpower, ema(13) - low}

Sorry bro, but I think you should reread Elder's Come into My Room. Here's what he wrote about "Elder-ray" on page 115.




WALLSTREETGENIUS
983 posts
msg #62766
Ignore WALLSTREETGENIUS
modified
5/18/2008 3:21:06 PM

DELETED BY THEMIGHTYRIGGS HIMSELF

dee8888
8 posts
msg #62780
Ignore dee8888
modified
5/19/2008 8:05:07 AM

I stand corrected then....

So that means
http://www.incrediblecharts.com/technical/elder_ray_index.php
has it wrong?

They show it backwards. Of course the taking it directly from the horse's mouth is always better.

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