RE: Beginners Questions
(2013-09-20, 06:21 AM)JimStudent Wrote: First thanks for the site. I also appreciate your posts from the Trade2win site, especially the posts showing all the examples of stage analysis from the Global Trend Alert Newsletter.
Some of the things I am looking for might already be on one of the sites, maybe you could point me in the right direction. (I am real beginner, I'm just learning how to build charts.)
I would like to see how to build a chart from scratch like the ones you use from the Pro Real Time Software. How do I build a chart to make it identical to yours for the purpose of learning?
I would love to see a place on thread on the board that described all the technical indicators we are looking for from Stan Weinstein's method. Maybe a technical indicator would have a thread that told what it was, specifics on how to find that technical indicator, and what does that indicator tell us about the current market.
As I read chapter 8 on 'Using the best long-term indicator to spot bull and bear markets', Weinstein discusses the top 11 indicators of the 50 or 100 he follows. He describes the 30 wk ma, stage analysis, NYSE A/D line, A/D line American Stock Exchange, Momentum Index of the A/D line, Weekly new high / new lows, world markets, GM, Price Dividend Ratio, and contrary opinion. If each technical indicator had it's own thread (this is what it is, this is how you create it), then as we learned we could help keep the board up to date.
I would also love to see a thread on Sectors, I am in the U.S, but maybe we could have U.S and U.K. sectors (again the thread would be this is what the sectors are, and this is how you find and build their charts) As I learn how to create the charts and what to look for I would be glad to contribute to keeping them up to date.
Those areas would help us with the first two steps of Weinstein's system, checking the overall direction of the market and scanning the groups to know which ones to zero in on.
One other thread I would like to see is one place where all Stan Weinstein's resources are referenced. Examples would be all of the links to Global Trend Alerts that are posted - the March 2005 Global Trend alert and the interviews are examples that could be in the Weinstein Resources Thread.
Again thank you, and as I learn I hope I can contribute to the forum.
Hi Jim,
Thanks for posting for the first time and for all the ideas for the site. The site is a work in progress and I have a big to do list, so things will appear gradually over time. However, as you said chart setup etc has been covered a number of times but I don't have all of the links to hand, but I can certainly help you get your charts setup in the same way very easily.
Price
Create a weekly chart with a Bar chart setting, and add a 1 week moving average to it as well.
Then add a 10 week moving average and a 30 week moving average.
Finally set the Scale type to Logarithm Scale
Mansfield Relative Strength
The indicator is included in ProRealTime, so set the settings to Nbr periods to 52, and the multiplier to 100, and set it against the S&P 500 Index.
There is also a thread in the members section on How to create the Mansfield Relative Performance Indicator for people creating it in other software.
Relative Strength (Comparision)
Add the indicator and set the settings to compare against the set it against the S&P 500 Index and add a 52 week moving average.
Volume
Add the volume indicator and I've set mine with a 52 week moving average
Cumulative Force Index
There's a thread in the members board on the settings for this here: How to create the Cumulative Force Index indicator
I hope that helps and let me know if you have any more questions on the board or by private message if it's something you don't want to post for everyone to see.
Cheers
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.