Hi Chifai, a buddy and I recently spent several weeks with the Ocean indicators looking for an advantage over traditional indicators such as MA, Bollinger Bands, ADX, MACD, Stochastic, etc. These are the basic indicators which the Ocean indicators mimic.
The Ocean indicators use no inputs, so you put them on a chart and they are ready to go; there is no particular look-back period as the indicators are self-adjusting based on the current daily relationship between price and time.
With "normal" indicators you usually need to do a little back-testing to find the sweet-spot inputs for any particular market.
After extensive testing in several markets, using the indicators according to instructions and then getting creative with some of our own variations, we were stumped; the Ocean indicators performed fine, but no better than our normal indicators with our standard inputs.
Actually, the Ergotic as an OB/OS and divergence indicator performs better and more consistently than any of the Ocean indicators.
Now, in fairness to the Ocean originators, the underlying formula is unique and self-adjusting, and the package is very slick. But we could not justify the price vs. performance. We were looking for a one or two day edge over other indicators, but we couldn't find it.
Also I should mention there is a DVD course which is supposed to go into more detailed strategy; perhaps the course contains something we missed? We decided not to put any more money in this direction(cut your losses).
Again, I compliment these guys on original thinking(and good marketing!) but I cant reccomend shelling out the cash for this stuff.
Obviously, this is only my experience and opinon. Someone else may tell you it's great and they're making tons of dough!
Hope this helps and good luck!
Greg
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