Hello. I tried to reply back to one of the posts but topic was closed, so thought to start a new one on a prior topic, the settings in TOS. First, QCharts does not actually show the mathematical settings it uses in the RSI or ADX, etc., (i.e. exponential, wilders, weighted, Wilders, Hull, etc.), so I looked at a bunch of my old printed QCharts and started messing around with them, doing A vsby andyclev - Trading Discussion
Thanks Robert! Your conversion table is great. I hope I am right with this, but TOS settings have Average Type settings, with selections of Exponential, Simple, Wilders, Weighted, etc. On the StochRSI, the numbers are fine to enter but what rsi average type do you set it to? I use Exponential. Also within StochRSI settings, there's "average type". For that I use Simple. Aby andyclev - Trading Discussion
Hello Rookie30 and thanks for your reply. I had a tendancy to overthink things, not an engineer but very close to one (dad was an electrical engineer, so it's in my genes!). Not to be self-deprecating, but I was overwhelmed by the data that came at me when looking at price, price action, BBands, moving averages, StochRSI, MACD-H, ADX, mesmerized as it danced, and hadn't a clue what to do wiby andyclev - Trading Discussion
You are welcome PastorP! I may not trade like everyone else, and not even the exact same as other WSBS students, but it's how he did teach the basic classes 1 through 5, big picture to little picture thought process. Happy to share what I am doing and hope it helps.by andyclev - Trading Discussion
EDIT 4/14/15: I apologize for the delayed update! I forgot I started this trade discussion. FB entry turned out to not be ideal, but that large white candle spoke to me and said the bears were no longer in charge. I stayed in the trade, allowing it to work, even as it drifted away slightly, watching to see if price action kept above 50% of that nice candle. It did. Price tried to breaby andyclev - Trading Discussion
EDIT 4/6/15 ~1:00 PM: A little earlier the 55 minute chart broke trend line higher, a little concerned that 55 StochRSI is high, and ADX flopped over (like to see StochRSI lower and the gap on ADX signal lines). Still keeping my eye on entering, now watching 5- and 8-minute charts for a pullback, with one eye on the futures and overall market. Prefer the 8 minute chart over 5 minute, and MACD mby andyclev - Trading Discussion
Pardon the redundant post - started a new thread by mistake instead of replying to this one..... OK you naysayers, you want a WSBS Trading Strategy to confirm if it works or not? Here is one that I am getting ready to go into, incorporating a summary of Gary's thought processes, but there's so much more than this! His classes are worth their weight in gold, but you have to dredge to learn andby andyclev - Trading Discussion