Clearstation

Tab setup close to clearstation(mcsteiny)

I set up a Tab that would best reflect Clearstations webpage thusly:

TOP:
Bar chart
5 ma exp. white
13 ma exp. magenta
40 ma exp. cyan
50 ma exp. yellow dashed or dotted
BOP

Middle:
MACD12,26,9 - magenta fast/blue slow - wide - simple
Stoc23,4,9 - red fast/green slow - dots - simple

Bottom:
MACD12,26,9 - yellow - histogram - simple
RSI13,3 - magenta - wide - simple

If you read Clearstations education section, and what they are preaching, it seems to make sense. Like the Dahl/DNS, they feel that money is to be made easier in trending stocks. I found that after testing this TAB, I can use it with Dahl/DNS, DNS short term, Tripple cross-over, and just about everything. For the first time, I can really see what is going on, and feel confident about what I am seeing! I use this TAB as my base, and check the others as I'm going, depending on the stock.

Much thanks to cpratsch for his idea's and input. By the way, cpratsch, you were right about the Stoc12,4 indicating 2-3 days early against the MACD12,26,9. I tried it, and changed it to what you use, the Stoc23,4,9... better. Even it might be a day early.

Exiting a good trade(jnorfy)

From Clearstation: (paraphrased) If a stock fails to move on Stoc26.9 going from below 20 to above 80, exit the position.

I realize that you are not necessarily using stoc26.9, but the same holds true. If you buy a stock based on some indicator, new, fundy, etc; and it doesn't materialize, get out and don't look back. Put the capital to work somewhere else. The stock may shoot up, it may tank. If it rises, get in the next time your signals say buy. It is always easier to get back in to a stock going (albeit later) your way, then get out (or hold) one that went against you.

However, I do not agree with what is written ... as they add indicators not appearing on the ClearStation charts and they have the time periods "wrong". Here's what I would use, noting it takes two tabs:

Tab #1

-Top window-
Bar chart of prices
13-day moving average (exponential)
50-day moving average (exponential)

-Middle window-
MACD with short=12, long=26, and period 5 set to exponential

-Bottom Window-
Stochastic period=5, SK Period=5, SD Period=3 and I have it set to exponential but it may be simple on the ClearStation site.

Tab #2

-Top window-
Same as above

-Middle window-
Volume bars with 30-day moving average (simple)

-Bottom Window-
Same as the middle window above but plotted as a histogram instead
(via the check box at the bottom)

I've grouped them in this fashion, which slightly differs from the way they appear on the ClearStation page, because of the system described by Kensey (Doug) and the gang over there.

Their primary indicator is MACD, so it makes sense it needs to be the first indicator listed. Stochastic is their primary confirming indicator, which they only say provides an long entry indication if the MACD is in an uptrend. In other words, one or the other alone does not an entry make. To me, that means those two indicators must be on the same Tab

The second set of tabs places the volume indicator first because that's an underlying assumed indication. If the volume/price relationship is not sound, then that kibashes the whole thing.

You would get no arguement from me if you swapped the histogram of the MACD to Tab 1 and the actual MACD chart back to Tab 2. I know lots of people who prefer the histogram, I just don't happen to be one of them.