Comments on: Ninja Trader Update : Now Includes Dynamic Momentum Index http://blog.traderwerks.com/2008/10/31/ninja-trader-update-now-includes-dynamic-momentum-index/ What is going on at TraderWerks.com Tue, 03 Nov 2009 22:50:57 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: admin http://blog.traderwerks.com/2008/10/31/ninja-trader-update-now-includes-dynamic-momentum-index/comment-page-1/#comment-5 admin Mon, 03 Nov 2008 02:03:29 +0000 http://blog.traderwerks.com/?p=153#comment-5 I guess I was wondering if any one would use a setting of zero? I guess I was wondering if any one would use a setting of zero?

]]> By: GoldTrader http://blog.traderwerks.com/2008/10/31/ninja-trader-update-now-includes-dynamic-momentum-index/comment-page-1/#comment-4 GoldTrader Sun, 02 Nov 2008 01:56:04 +0000 http://blog.traderwerks.com/?p=153#comment-4 Parabolic’s > Now, you can use any value .. I do not know why you would.< I have used Parabolic for over 25 years. Sure, the thing is so perfect, why change it. In olden times with Super charts we were able to optimize Parabolic for a specific commodity over all of our data. So we did enter different values when trading. Wells taught us about the bell shaped curve, so it does not really matter much what value you use in the future, as long as you are close. But it is to a trader’s advantage to use a signal slightly different value than everyone else. It also aids parabolic users if they can choose the turning point of the trend to start the indicator instead of working the switch off of the previous trend. I like to use the extreme of the move as the starting point. As long as prices stay inside that smooth parabolic curve anyone would be happy to ride with profits. Parabolic’s > Now, you can use any value .. I do not know why you would.<

I have used Parabolic for over 25 years. Sure, the thing is so perfect, why change it. In olden times with Super charts we were able to optimize Parabolic for a specific commodity over all of our data. So we did enter different values when trading.

Wells taught us about the bell shaped curve, so it does not really matter much what value you use in the future, as long as you are close. But it is to a trader’s advantage to use a signal slightly different value than everyone else.

It also aids parabolic users if they can choose the turning point of the trend to start the indicator instead of working the switch off of the previous trend.

I like to use the extreme of the move as the starting point. As long as prices stay inside that smooth parabolic curve anyone would be happy to ride with profits.

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