Indicator with Data of Another Indicator

[Guest Tresor]

Hello guys,

 

Recently someone told me there was a quite broad use of indicators that are derivatives of another indicators. E.g. One can use Bollinger Bands with the use of RSI data (instead of price data).

 

This guy told me that such combined indicators (derived on data of other indicators, previously derived on data of yet another indicator) are used by quants and smart investors.

 

Do you guys use such indicators? Can you confirm if such indicators are of any use? Any examples?

 

Thanks

[Head2k 10]

I am a beginner in trading, so maybe my case is just a newbie indicator fever, but I use a few indicators on indicators. Yet I must understand the interpretation. That limits me to usage of ROC or MA of some other indicator.

[Guest Tresor]

Are these in EasyLanguage?

[Guest Tresor]

I am a beginner in trading, so maybe my case is just a newbie indicator fever, but I use a few indicators on indicators. Yet I must understand the interpretation. That limits me to usage of ROC or MA of some other indicator.

 

Would you mind telling which indicator on indicator are these and maybe posting some codes?

 

Regards

[Guest forsearch]

Hello guys,

Any examples?

 

MACD, based on the difference between 2 MAs

StochRSI, stochastic of an RSI

[Guest Tresor]

Any more sophisticated examples and how to use / interpret such combined indicators?

 

Maybe some screenshots

[Head2k 10]

I recently started to observe an hourly ROC of VWAP. To VWAP please refer to jperl's threads in MP section. The interpretation is obvious: to measure the strenght of daily trend.

[Guest forsearch]

Any more sophisticated examples and how to use / interpret such combined indicators?

 

Maybe some screenshots

 

You know how to use Google. And don't say there's a lot of useless links. Try it, and you'll find some. A little bit of elbow grease goes a long way. :crap:

[Guest Tresor]

You know how to use Google. And don't say there's a lot of useless links. Try it, and you'll find some. A little bit of elbow grease goes a long way. :crap:

 

Please accept my apologies for asking questions on indicators in the "Trading Indicators'' section.

 

Regards

[thrunner 10]

John Bollinger's book 'Bollinger on Bollinger Bands'

Swisstrader has these indicator coded. You can find him on the TS as well as the MC (Tssupport) forums.

[Guest forsearch]

John Bollinger's book ...

 

Try this link to search for a preview copy of 'Bollinger on Bollinger Bands'.

[alindsley 10]

First time poster just dropped in this evening. Just today I began using a TRIX (15) indicator in Telechart, and while still evaluating it's value, I like what I see thus far. TRIX is toted as a fortelling of trend. At first impressions, I can see value in watching for the indicator to cross up as a buy signal. And have noticed it is lagging too much for me thus far for a sell signal.

 

http://www.investopedia.com/articles/technical/02/092402.asp

http://www.worden.com/training/default.aspx?g=posts&t=125

 

If anyone has had experience (or advice) with this indicator, on indicator I'd be interested.

 

Art

[Guest Tresor]

First time poster just dropped in this evening. Just today I began using a TRIX (15) indicator in Telechart, and while still evaluating it's value, I like what I see thus far. TRIX is toted as a fortelling of trend. At first impressions, I can see value in watching for the indicator to cross up as a buy signal. And have noticed it is lagging too much for me thus far for a sell signal.

 

http://www.investopedia.com/articles/technical/02/092402.asp

http://www.worden.com/training/default.aspx?g=posts&t=125

 

If anyone has had experience (or advice) with this indicator, on indicator I'd be interested.

 

Art

 

Hi, you can have look at how I used to look at Trix in conjunction with BR_Squeeze http://www.traderslaboratory.com/forums/106/why-so-many-indicators-but-little-3975-9.html Read the last post and the attachment ''STRAT_TRADERSLAB.rar''

[Guest Tresor]

John Bollinger's book 'Bollinger on Bollinger Bands'

Swisstrader has these indicator coded. You can find him on the TS as well as the MC (Tssupport) forums.

 

Thank you thrunner