- I've some questions about this fantail indior. I began looking for material that pertained to the fantail and the only thing I could find was in some Darryl Guppy newsletters. From the newsletters he makes a comparisions between his Guppy Multiple Moving Averages (shorterm 3,5,8,10,12,15 and longterm 30,35,40,45,50) and a indior he calls for the rainbow. The indior at first glance resembles the fantail. I am assuming that you are familar with Guppy's indiors as they are similar to the fantail and you posted a number of the indiors.
He creates a claim that the rainbow indior isn't as reliable as his Guppy indior. He goes on about how it lags and it doesn't respond. For the reason that it uses factor ma that is multipla's right, But you can't make the identical claim concerning the fantail? Guppy into fantail's comparision isn't valid because of the difference in ma's' use.
So if anybody reads these articles and clumps that the fantail indior using all the rainbow indior- they're creating a technical mistake. The fantail will respond quicker during consolidation (adx falling) and twist up during a trend (adx rising).
My second question is to do with all the ADX part of the fantail. I am assuming that even the multiple, or the factor, is your true adx result?
If it is under 20-25 price is non-trending- above 25 and increasing trend beginning. So every time a trend develops, the ADX climbs making the ma's more, therefore they stiffen up to display the tendency consistent.
I just need to be certain that I am thinking correctly while comparing the 2 indiors.
Thank you for all of your hardwork!
Rippy