Letters To S&C by Technical Analysis, Inc.
OPEN NOTE TO READERS
I’ve been reading TAS&C since its beginning [in 1982], but lately I’ve seen a tendency for comments to request and stress specific parameters, especially for indicators. I’d like to share my experience in hopes that it will be meaningful to some of the newer technicians. Please note that these are generalizations. There are always exceptions, but exceptions are not the rule.
• An indicator is not a system. Don’t try to make it one. It is a tool to help entry & exit timing.
• There are too many requests for “optimal parameters” and too many authors showing the “best parameters.” There is no such thing as “the best.” There is only “the best” for one example.