Author Topic: Welles Wilder's Relative Strength Index  (Read 5645 times)

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Welles Wilder's Relative Strength Index
« on: 27 May 2010, 10:56 »
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

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Re: Welles Wilder's Relative Strength Index
« Reply #1 on: 02 Jun 2010, 18:35 »
hi
i ran this trigger but noticed a few flaws.

mcbee
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Re: Welles Wilder's Relative Strength Index
« Reply #2 on: 02 Jun 2010, 23:54 »
Such as?

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Re: Welles Wilder's Relative Strength Index
« Reply #3 on: 03 Jun 2010, 06:28 »
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
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Re: Welles Wilder's Relative Strength Index
« Reply #4 on: 03 Jun 2010, 08:25 »
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?

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Re: Welles Wilder's Relative Strength Index
« Reply #5 on: 03 Jun 2010, 10:06 »
hi
yes, the best way would be to use an index number as this will stay the same horse.


mcbee
Please read the following  disclaimer with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.

 

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