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I've been examining VectorVest's tools for a while now, and I'd say that
while that link tells you some of the party line, that's not the whole
enchilada. once you have a good long/short timing signal, there's a pretty
rich toolkit for stock selection, and a lot of canned and user group
strategies that I and others have tested and believe can do quite well.
timing's another story. as the tampa group's approach indicates, many people
think you can do better than VV's standard recommendations. some people
include the MTI and other proprietary VV indicators in their overall
formula, some not.
anyway, I just used the MTI as an example of the kind of turn detection I
was looking for; I didn't mean to discuss any particular way of interpreting
it as a strategy. the MTI is range-bounded, so crossings of fixed levels can
have meaning. but how do you make use of other indicators that aren't
range-bounded? besides zero crossing or crossing some other indicator line,
another one that occurred to me was this idea of direction reversals of some
particular amount.
I just need to figure out how to implement it...
dave
> Some insight on Vectorvest MTI indicator:
>
> http://www.sctxcompclub.org/MtgFollowUp/Jul1_02Invest.html
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Dave Merrill" <dmerrill@xxxx> wrote:
> > one example is the vectorvest-based "san diego wave" strategy, which
> > switches long when the MTI (vectorvest's proprietary Market Timing
> > Indicator) rises by .12, and goes short when it falls by .12.
> absolute level
> > doesn't matter, just having reversed direction by that amount. (not
> that I'm
> > saying that specifically is a great strategy or anything.)
> >
> > any indicator could be interpreted this way, and I thought it'd be
> > interesting to see which ones turned out to be useful.
> >
> > it's really easy to see these turns visually on a chart. I'm
> surprised that
> > it doesn't seem easy to determine them procedurally. I'd have
> thought tj or
> > one of the other AFL gurus would have put my feeble brain to shame
> with a 2
> > line solution by now (;-).
> >
> > dave
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