Steve Connell

Hi FxGuy,

Yes, it is always interpretation of the outputs that is the problem. And this is a problem with all indicators I’ve come across so far. What also complicates things, for example with Bollinger/distance from MA lines etc. is that the “trigger point” can change over time (and different conditions). So for example where at one point it may indicate a reversal in another it can be a cue for a strong breakout. My preference is to use a combination of inputs from several indicators, and avoid fixed thresholds where possible.