Comments on: Stochastic Madness – Upper Study http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/ thinkScript Indicators for thinkorswim Fri, 03 Feb 2012 20:01:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: thinkscripter http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-445 thinkscripter Sun, 08 Mar 2009 13:17:18 +0000 http://thinkscripter.wordpress.com/?p=439#comment-445 +1 Darren +1 Darren

]]> By: Darren http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-444 Darren Sun, 08 Mar 2009 07:27:25 +0000 http://thinkscripter.wordpress.com/?p=439#comment-444 Great work on all these chartscripts. I salute you for doing the work to code all these and making them free for all to view. I also like your attitude of presenting them as merely simple tools and agree that the most powerful tool we have is our minds. Prudent money management and careful preservation of capital is by far more important than any technical indicator. Great work on all these chartscripts. I salute you for doing the work to code all these and making them free for all to view. I also like your attitude of presenting them as merely simple tools and agree that the most powerful tool we have is our minds. Prudent money management and careful preservation of capital is by far more important than any technical indicator.

]]> By: thinkscripter http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-443 thinkscripter Thu, 05 Mar 2009 11:42:48 +0000 http://thinkscripter.wordpress.com/?p=439#comment-443 Yes - But I have not released it yet. -TS Yes – But I have not released it yet.
-TS

]]> By: moyo http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-442 moyo Thu, 05 Mar 2009 06:44:15 +0000 http://thinkscripter.wordpress.com/?p=439#comment-442 hello Ts thanks for your answer...one more thing doyou have sumthing that signal divergences whether hidden or normal on the stocs.. hello Ts thanks for your answer…one more thing doyou have sumthing that signal divergences whether hidden or normal on the stocs..

]]> By: David http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-441 David Thu, 05 Mar 2009 02:09:51 +0000 http://thinkscripter.wordpress.com/?p=439#comment-441 sigh.. no holy grail... well ts, if you think you come close.. feel free to share it and I will see if I can help improve it.. : ) by the way... try testing on your squeeze indicator, momentum oscillator to 4 and momentum to 5... seems to work on a 5 minute time frame sigh.. no holy grail…
well ts, if you think you come close.. feel free to share it and I will see if I can help improve it.. : )
by the way… try testing on your squeeze indicator, momentum oscillator to 4 and momentum to 5…
seems to work on a 5 minute time frame

]]> By: thinkscripter http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-440 thinkscripter Wed, 04 Mar 2009 21:23:15 +0000 http://thinkscripter.wordpress.com/?p=439#comment-440 You should customize the stochastic parameters to fit your needs/trading style/market traded. That said, if you are just buying and selling when you see the signals, then you need to do some research on stochastics and what overbought and oversold means. In isolation, a single signal may be a good indication of a turning point. Multiple signals can be an indication of continuation (BOSO signals - Buying overbought, Selling oversold). I have said it before and I will say it again. There is no Holy Grail. All these indicators are simply tools to help the trader make informed decisions. None of them should be used in isolation. If it were that easy, everyone would make a black box triple stochastic, turn it on, and get rich. You should customize the stochastic parameters to fit your needs/trading style/market traded. That said, if you are just buying and selling when you see the signals, then you need to do some research on stochastics and what overbought and oversold means. In isolation, a single signal may be a good indication of a turning point. Multiple signals can be an indication of continuation (BOSO signals – Buying overbought, Selling oversold).

I have said it before and I will say it again. There is no Holy Grail. All these indicators are simply tools to help the trader make informed decisions. None of them should be used in isolation. If it were that easy, everyone would make a black box triple stochastic, turn it on, and get rich.

]]> By: moyo http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-439 moyo Wed, 04 Mar 2009 20:26:34 +0000 http://thinkscripter.wordpress.com/?p=439#comment-439 love this site and indicator...is there a way to reduce false master buy or sell signals on this indicator love this site and indicator…is there a way to reduce false master buy or sell signals on this indicator

]]> By: thinkscripter http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-438 thinkscripter Tue, 03 Mar 2009 02:56:58 +0000 http://thinkscripter.wordpress.com/?p=439#comment-438 Thanks Bill. I appreciate the kind remarks. -TS Thanks Bill. I appreciate the kind remarks.
-TS

]]> By: Bill http://www.thinkscripter.com/indicator/stochastic-madness-upper-study/#comment-437 Bill Tue, 03 Mar 2009 01:45:25 +0000 http://thinkscripter.wordpress.com/?p=439#comment-437 ThinkScripter - You do a "Fantastic" job on all the thinkscripts you create! The way I see it, it's actually more like art! Nice job on this study as well as all the others you have created. Keep up the Great Art! Peace - Bill ThinkScripter -

You do a “Fantastic” job on all the thinkscripts you create!

The way I see it, it’s actually more like art!

Nice job on this study as well as all the others you have created.

Keep up the Great Art!

Peace -
Bill

]]>