RE: [amibroker] DMI question -- maybe Jayson?

["Jayson" <jcasavant@xxxxxxxxxxx>]

<SPAN 
class=662240513-14072003>Yuki,
DMI 
looks at the close of each bar for it's calculations. Basically it measures 3 
different look backs of CMO (cmo 5,10 and 20 day) and uses these values in 
conjunction with the Standard deviation of the close (5 days). If you are 
looking at EOD data with a live feed the signal could trigger and untrigger as 
the close fluctuates around a critical level during the day. If you are looking 
at 1 minute, 5 min etc data then the signal is a s good as the last completed 
bar. I think this is what you were asking......?
<SPAN 
class=662240513-14072003> 
 
Regards, 
Jayson
 
PS 
glad to hear you are hitting 79% winners!! 
<FONT face=Tahoma 
size=2>-----Original Message-----From: Yuki Taga 
[mailto:yukitaga@xxxxxxxxxxxxx]Sent: Monday, July 14, 2003 6:26 
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] DMI 
question -- maybe Jayson?I am using Jayson's code for 
the Dynamic Momentum Index.  I find thisindex to be an extremely good 
verification tool for another systemthat I use.  (How good?  Well 
it takes the normal system that runsabout 67 percent winners unfiltered and 
kicks it up to 79 percentwinners when this is applied as a confirming 
filter.)My question is this, probably a simple one for you code mavens, 
butnot for me:  How "dynamic" is the DMI intraday?  That is to 
say, someindicators will turn or signal on a high or low price value, and 
nomatter what price does for the rest of the day, the signal for 
thoseindicators will remain in place once triggered.  Is the DMI 
likethis, or does the DMI have the potential to signal and 
then"unsignal" intraday?Yuki ^_^Send 
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