Joseph and I are having a discussion under yesterday's Wrap and it came clear to me this morning - after several posts - what we were discussing. He is discussing 30-minute based, day-trading charts and I am discussing daily and weekly charts. These are apples and oranges but that is the subject of another post.
The fact is Joseph has very valid points and eventually I will start testing Williams %R(3) with RSI(2) on 30-minute charts. And this morning I'm intending on doing some comparison studies of the ATR lengths.
But more important is this - I really appreciate the inputs.
Read my mission statement - I'll read it to you - it says: "I am forever seeking the next best idea. I intend to use this blog to share my ideas with you."
And that means that anyone can put an idea into my mind at any time. I might not act on it immediately but I guarantee I will act on it eventually. Without new ideas we will dry up and blow away - think, devise, test, validate, do.
I probably have sufficient ideas to last at least my lifetime but I will never say that I have enough.
Now I have some ATRs to test.