Peter said... March 6, 2009 10:51 AM
I'm experimenting a 5-min trading system I twigged last night, engaging VIX, $TICK, AND $MYADV.
Here is a link using FAZ as example (you need StockCharts subscription).
http://stockcharts.com/h-sc/ui?s=faz&p=5&yr=0&mn=0&dy=3&id=p22591172507
Things to see:
1) RSI stays most below 50% is bearish (like yesterday), mostly above 50% is bullish (like Wed)
2) Looking at EMA50 for general trend of the day
2) VIX - needless to say, but this chart makes it easier to reference
3) When $TICK touches -1000 - over sold, +1000 over bought, likely to reverse the trend
4) $NYADV is even a better reference to show bullishness/bearishness (we are neutral right now), and try to trade only with a trending market
5) STO/MACD for entry/exit decisions and confirmation
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Sun
Using TRIX(9,5), MFI(35）, Full Stochastic(60) and SMA5 ONLY may provide better signal in daily charts. You may have a try.
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