RE: Beginners Questions
(2013-11-25, 09:28 PM)BoyPlunger Wrote: Maybe you could also critique my weinstein charts, does everything look properly done here:
You don't need the MACD indicator on the Weinstein chart. You only need the volume and relative performance versus the S&P 500 which you've setup ok. But you might want to add a moving average to the volume, as two times the average volume on a breakout is one of the requirements of the method. The book says a four week MA on the volume, but I use a 52 week MA on the volume on my charts, which is much smoother.
The only other thing is the 10 week MA on the price bars, which is also normally included on the Weinstein weekly chart.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.