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I have found it more reliable on larger caps and indexes, but is
reasonable on smaller caps.
Cheers,
Graham
-----Original Message-----
From: DIMITRIS TSOKAKIS <TSOKAKIS@xxxxxxxxx> [mailto:TSOKAKIS@xxxxxxxxx]
Sent: Friday, 21 February 2003 5:11 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Trend Detectors 1
Graham
do you speak for the weekly MACD of a certain stock or the MACD of
the market?
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanag@xxxx> wrote:
> Depending on the time frame you are looking at for the trends, I
have
> always found the MACD of the weekly chart a fairly good indicator of
> trends
>
>
>
> Cheers,
> Graham
>
>
>
> -----Original Message-----
> From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> Sent: Friday, 21 February 2003 5:00 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Trend Detectors 1
>
>
>
> Jayson,
> Sorry for the +1 delay but here is a short description of some
methods
> to detect the significant trends
> A.
> The sqrt(StochD()) for various stochD periods
> Creat first the composites from
> N=80;
> Y=sqrt(sqrt(StochD(N)*StochD(2*N)*StochD(3*N/2)*StochD(5*N/2)));
> fast=DEMA(Y,10);
> N=30;
> Y=StochD(N)*StochD(2*N)*StochD(3*N/2)*StochD(5*N/2)/10^6;
> slow=DEMA(Y,10);
> AddToComposite(slow>fast,"~end","v");
> AddToComposite(slow,"~slow","c");
> AddToComposite(fast,"~fast","c");
> AddToComposite(1,"~count","V");
> Buy=0;
> and then check in ind. builder the
> Plot(100*Foreign("~end","v")/Foreign("~count","v"),"",7,2);
> //
> k=Foreign("~slow","c")/Foreign("~count","v");kk=Foreign
("~fast","C")/For
> eign("~Count","V");
> // Plot(EMA(k,10),"SLOW",5,1);Plot(EMA(KK,10),"FAST",1,1);
> // Plot(EMA(KK,10)-EMA(K,10),"",9,2);
> the first plot gives Fig. trends1. [the yellow bars in the
> middle]compare it with the recent N100 trends,
>
> it is quite reliable and descriptive
> [Uncomment the rest for further study]
>
> [the upper fig is the
>
>
>
> N1=80;// H=C;L=C;// uncomment it for mutual funds, the have no H, L
> values
>
> F1=StochD(N1)*StochD(2*N1)*StochD(3*N1/2)*StochD(5*N1/2);
>
> F1=sqrt(sqrt(F1));
>
> N2=30;
>
> F2=StochD(N2)*StochD(2*N2)*StochD(3*N2/2)*StochD(5*N2/2)/10^6;
>
> Plot(DEMA(F1,10),"FAST",1,8);
>
> Plot(DEMA(F2,10),"SLOW",5,8);
>
> GraphXSpace=3;
>
>
>
>
> We may also have an idea about the measure [strength] of these
trends
> and finally have both, qualitative
> and quantitative description for the bullish trends and the real
> bullish/bearish proportion, using a simple
> 100*cum(yellowbars!=0)/cum(1). This simple result dictates your
> realistic strategy about Long or Short
> market intensions. If you see in the future the proportion slowly
> changing for the benefit of bulls, you will
> gradually change your techniques, following the market and not any
> illusions. For the time being, the
> yellow bars speak better than words. The mix of various StochD()
periods
> gives some guarantees that
> you follow a wise and cool trading profile [you follow the trend
AFTER
> it is confirmed, you leave [please]
> the trend when it is over]
> When the yellow bars dissappear, any bullish idea is not profitable
in
> the medium term. The market WILL
> make bullish expansions, the duration WILL BE short. If you are
quick
> and catch some minor trends, it
> is OK, BUT, be ready to pull the trigger ASAP, these quick profits
are
> sweet but easily turn to losses !!
> As long as the yellow bars grow up and increase their
[uninterrupted]
> magnitude, it is wise to wait for higher
> prices for the market. Double peaks are also gently described and,
in
> general, this tiny indicator will not
> send you to the opposite direction, even if you follow it till the
last
> yellow bar before zero.
> But, Frankfurt opens in 3min, let me see it, I will continue with
> B.
> Dimitris Tsokakis
>
>
>
>
>
>
>
>
>
>
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