One of the indicators that I experimented with in my own trading was Williams %R. I got into that indicator after buying the Larry Williams course Batting 800 (80%). It is easier to calculate than RSI, I found, and it is very useful for identifying strength in the market versus weakness. It is an oscillator. Oscillators go up and down, whereas indicators like moving averages tend to follow the market.
Below is a snapshot of Google (GOOG) showing buy signals that were generated from the %R signal. You can choose a value, 70% or 80%, to buy at. Each of these were good trading signals showing a good time to buy.
Below is a snapshot of Google (GOOG) showing buy signals that were generated from the %R signal. You can choose a value, 70% or 80%, to buy at. Each of these were good trading signals showing a good time to buy.
Links:
http://trader.snowcron.com/williams.htm
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