tag:blogger.com,1999:blog-3310402797768514899.post6340147627170368008..comments2023-11-05T03:39:11.575-05:00Comments on The Technical Take: Key Price Levels: January 27, 2009Guy M. Lernerhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3310402797768514899.post-60587317260316612232009-01-29T11:42:00.000-05:002009-01-29T11:42:00.000-05:00Guy - thanks for the explanation; I'll do some hom...Guy - thanks for the explanation; I'll do some homework this weekend.<BR/><BR/>By the way - didn't mean to leave the comment as Anonymous, I hate it when folks do that.<BR/><BR/>Steve FTWsteveftwhttps://www.blogger.com/profile/05704638450860478942noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-19879584087198581102009-01-28T22:16:00.000-05:002009-01-28T22:16:00.000-05:00The data used in the short term indicator/ oscilla...The data used in the short term indicator/ oscillator is the following: advance decline, vix, up vol total volume ratio, put call ratio, trin. If it is the QQQQ then I use NASDAQ related data; if it is the SPY then I use NYSE data.<BR/><BR/>The indicator is short term; with each data point I take a 5 day average; I then look for statistically significant extremes in that value over the last 20 trading days; I then normalize the each value within these bands and then I sum the normalize values; I then apply another set of bands to this value (with a 20 day look back) and normalize again (this is why the value is between 0 and 1).<BR/><BR/>The reality is that the indicator works like most oscillators -it doesn't tell you when things get more overbought or oversold; it isn't not good at identifying trends. However, divergences between price and the indicator appear to be more predictiveGuy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-48952296060854007292009-01-28T15:01:00.000-05:002009-01-28T15:01:00.000-05:00I will be happy too...we are digging out an ice st...I will be happy too...we are digging out an ice storm here in the midwest that is a doozy....I will post toniteGuy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-16519158974579838672009-01-28T12:02:00.000-05:002009-01-28T12:02:00.000-05:00Guy - great oscillator - can you share any of the ...Guy - great oscillator - can you share any of the components?Anonymousnoreply@blogger.com