Welles Wilder's Relative Strength Index

Hi all,

After some time away being busy at the day job I am now able to return to the hobby.  Looking at new triggers since my last ime here (things really have moved on!), I see a trigger based on Welles Wilder's Relative Strength Index.  This looks fascinating.  However, discussion on it seems to have stopped soon after its launch.  Nearly a year later, does anyone want to talk a bit more about using it: how it has gone for them/any tweaks, what works or what is a no-no?

Thanks

Ern

hi
i ran this trigger but noticed a few flaws.

mcbee

Such as?

hi
with the stock market that this was for, you monitor 1 item only, but i noticed that this trigger monitors the fav but the fav moves position many times, so it takes the price of 1 then compares it to another thus giving false movements.

mcbee

That's a good point actually, I tried the trigger but it didn't do much, perhaps instead of targetting the current fav, the trigger should just monitor a specific horse?

hi
yes, the best way would be to use an index number as this will stay the same horse.


mcbee