At yesterday’s close, the ROC indicator closed its open, profitable short, and opened a long position in SPY.
The trigger for this is when the ROC252 closes above the ROC5 for the 2nd day in a row.
Joined Nov 11, 2007
1,458 Blog Posts
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Merci.
No problemo.
Just incredible, so simple, so effective. Kudos for continuing to share this.
On a completely unrelated note, did you see this story? http://www.businessinsider.com/pre-fomc-announcement-drift-2012-7
In the market only 8 days a year? I’m reading the FED notes.
Awesome find. I’ll take a look at it.
Wood… what’s the winning percentage of this indicator over a trailing period…say one or two years? I have read your stuff for a couple years and am just wondering…thanks!
Tommy, I will be glad to post that for you. I’ll get it up soon.
ever think about testing this indicator on AAPL?
Sure. I’ll test in on AAPL and reply back here.
Interesting stuff. On stockcharts.com the 5 day ROC matches yours, but the 252 day ROC is 3.8. Do you know why there’s such a discrepancy, or what adjustment I’d need to make on stockcharts?
moth, this has been covered like 10 times, but I can’t remember the exact solution. If you peruse earlier posts on the ROC indicator and look at the comments section, it has been explained. I’ll try and dig it up this weekend.
I did some digging myself, but no treasure showed up. I enjoy your work.
That was quick, no?
How’ve you been, now Wood?
It was quick, but that is the nature of this indicator when the market is not trending.
I’ve been well…hoping to see you in a few weeks?
I’ll be there. Booked the hotel and flight earlier this week.