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and finally. If you backtest the Summation index - results are pretty
average, just like many of these systems.
Steve
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=steve2@xxxxxxxxxxxxxxxxxxxx
href="">Steve Almond
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, September 20, 2003
12:24
Subject: Re: [amibroker] McClellan
Summation
Excuse the 'dribs & drabs' approach. Here are the ratio adjusted
formulae:
a=Foreign<FONT
size=1>("$ADV"<FONT
size=1>,"C");
d=Foreign<FONT
size=1>("$DECL"<FONT
size=1>,"C"<FONT
size=1>);
//<FONT
face="Times New Roman">t5=EMA(a-d,39);<FONT
face="Courier New" color=#008000 size=1>
//<FONT
face="Times New Roman">t10=EMA(a-d,19);
t5=EMA<FONT
size=1>((a-d)/(a+d),39<FONT
size=1>);
t10=EMA<FONT
size=1>((a-d)/(a+d),19<FONT
size=1>);
Summ = 1000<FONT
face="Courier New" size=1>*((t10-t5)-(<FONT
color=#ff00ff size=1>10*t10)+(<FONT color=#ff00ff
size=1>20*t5));
Plot(Summ,"Summation
NYSE",1<FONT
size=1>,1);
Steve
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=steve2@xxxxxxxxxxxxxxxxxxxx
href="">Steve Almond
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, September 20, 2003
12:17
Subject: Re: [amibroker] McClellan
Summation
For anyone interested, this gives the correct plot shape (but is not
ratio adjusted - I'm working on that...).
Also the description in Stockcharts is wrong (bracket in the wrong
place). Use these symbols from eSignal $ADV + $DECL for NYSE and $ADVQ
+ $DECLQ for Nasdaq:
a=Foreign<FONT
size=1>("$ADV"<FONT
size=1>,"C");
d=Foreign<FONT
size=1>("$DECL"<FONT
size=1>,"C");
t5=EMA<FONT
size=1>(a-d,39);
t10=EMA<FONT
size=1>(a-d,19);
Summ = 1000<FONT
size=1>+(<FONT
size=1>(t10-t5)-(10<FONT
size=1>*t10)+(20<FONT
size=1>*t5));
Plot(Summ,<FONT color=#ff00ff
size=1>"Summation NYSE",<FONT color=#ff00ff
size=1>1,1<FONT
size=1>);
Steve
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=steve2@xxxxxxxxxxxxxxxxxxxx
href="">Steve Almond
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, September 20, 2003
09:22
Subject: [amibroker] McClellan
Summation
Does anyone know how to reproduce the Summation index in Amibroker,
using data from one of the free sources via Amiquote?
Here is a description from Stockcharts:
Summation Index = 1000 + (10%Trend -
5%Trend) - ((10 x 10%Trend) + (20 x
5%Trend))where: 5%Trend = 39-day
EMA of (Advancers-Decliners) 10%Trend =
19-day EMA of (Advancers-Decliners)
Steve
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=run_for_your_life2003@xxxxxxxxx
href="">run_for_your_life2003
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, September 20, 2003
05:26
Subject: [amibroker] Re: Does this
appeal? (Quote Editor)
Just keep your eyes on the McClellan and Summation
Indexes.This market is trending back up right now!This is the
direction of the market at the moment!I think it will trend down in
October after the summation tops out.NYSE<A
href="">http://stockcharts.com/charts/indices/McSumNYSE.htmlNAZ<A
href="">http://stockcharts.com/charts/indices/McSumNASD.htmlEven
though the market acts strange here...I have leaned to "always trade
in the direction of the Summation Index"....because its always right
from all the years I have been exposed to the market.Yes, The bear
market of 2000 kept me out of the market by folowing and watching
this index very closely. When the Summation index went down I went
"short" from the tops and long when it turned by getting "in" and
"out" of QQQ.If your adjustments numbers are correct on the
summation if it goes through the zero line "get out" of your stock
and go "short" QQQ.Don't ever "short" QQQ when the NAZ
Summation is moving up! Your bound to loose money since you are
"swimming against the tide".--- In amibroker@xxxxxxxxxxxxxxx,
"Richard Harper" <rdharper@xxxx> wrote:> Yuki;>
> The two screens are useful for a lot of cases btw. Not
expensive to do.> > This is a strange market.
All the indices are down, and all my stocks are up. That has
NEVER happened to me before. Of course the day is not quite
over. > > Good hunting to you Taga Yuki.>
> Richard> > >
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FIGHT BACK AGAINST SPAM!> Download Spam Inspector, the Award
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> > ----- Original Message -----
> From: Yuki Taga > To: Richard
Harper > Sent: Wednesday, September 17, 2003 3:14
PM> Subject: Re: [amibroker] Re: Does this appeal?
(Quote Editor)> > > Hi Richard,>
> Thursday, September 18, 2003, 6:51:45 AM, you
wrote:> > RH> gives you two screens.
> > RH> Thus, the case you site will allow
putting Amibroker on one> RH> screen and the other
app to be patched to on the second screen,>
RH> presumably a spreadsheet.> > RH>
There are other handy reasons to run two screens
while> RH> daytrading. Note the "pros" run
3-5 screens. Saves time.> >
Thanks Richard. I *am* a "pro". ^_->
> That might be one solution (running more than one
screen), but I> really don't think it should be
necessary. There is a Quote Editor> for a
reason (to change a quote, or add a quote, or modify a
quote).> Almost without exception, I'll wager,
the information to be input> into the Quote Editor is
going to be from information displayed on> the
computer screen. The inability to focus the Quote Editor
over> that information to be input is something
that doesn't seem to have> been particularly well
thought out. That makes it rather
exceptional> as regards AB, but doesn't make it
any less true. ^_^> > Another user asked
why one would want to enter or adjust quotes>
manually when it can be done automatically. Aside from the
obvious> answers, I guess that would be the
genesis of an argument for not> having a Quote Editor
at all, then. ^_^> > Yuki>
> > Yahoo!
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ADVERTISEMENT>
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> >
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