|
PureBytes Links
Trading Reference Links
|
Thanks for your insights Bill.
I did have a chat with Donald Lambert 4 or 5 years ago. As you probly
know he developed the CCI to test a new calculator, and then,
although he wasn't trading, attempted to use it to figure out how to
trade commodities.
Thats where those go long when it crosses up thru +100 level came
from. Vice versa for shorts. I couldn't find anyone using that
successfully, altho everything fits into some parameter sometime, and
even he didn't appear confident.
I didn't remember him talking cycles.
You are quite correct 14-20 is a good approximate parameter level for
tracking the daily trend, depending on volatility. In Dow Waves we
were looking to find levels that also tracked the medium and the long
term, and it was the parameter for the long term came out at 200.
I think I'll give the cycles a miss.
Regds and thanks again
Gerard
amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@xxx> wrote:
>
> You ask less than 1/3 of what and why. As for what, less than 1/3-
1/4 of the cycle associated with the periodicity in price during the
period of interest (e.g., 5 years of weekly data, 1 week of 1 minute
data, etc.). As for why, the inventor of CCI (forgot his name)
specified 1/3 in order to find the cyclical trend while keeping the
mean deviation in the denominator of CCI from becoming too noisy but
others feel that even smaller is better. Typically 14-20 is
recommended but even shorter values are used especially for
daytrading. As for references, the better TA textbooks discuss this
stuff and I'm sure that you can find much on the net with Google. It
is not the holy grail, requiring judgment calls with respect to
deviation vis-a-vis price, crossing of +/- 100, 200 levels, etc. As
with all indicators, it certainly should not be used in a vacuum but
with other indicators, chart analysis, crystal balls, moon phases,
etc. Hope that addresses your questions.
>
> Bill
>
> ----- Original Message -----
> From: "Gerard Carey" <gcfinance@xxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Tuesday, March 13, 2007 3:48 AM
> Subject: [amibroker] Re: DOW WAVES..... and the recent fall in the
DJI
>
>
> > Hi Bill
> > Less than 1/3 (some say 1/4)
> > Of What? Why?
> > Could you elaborate, or give me a link pse.
> > Always interested in new perspectives.
> > Regds and thanks
> > Gerard
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@> wrote:
> >>
> >> The time period for CCI() should be less than 1/3 (some say 1/4)
> > cycle. This argues for a time period much below 200 for daily
^DJI.
> >>
> >> Bill
> >>
> >> ----- Original Message -----
> >> From: "brian.z123" <brian.z123@>
> >> To: <amibroker@xxxxxxxxxxxxxxx>
> >> Sent: Monday, March 12, 2007 7:58 AM
> >> Subject: [amibroker] Re: DOW WAVES..... and the recent fall in
the
> > DJI
> >>
> >>
> >> > Gerard,
> >> >
> >> > Bad news and good news.
> >> >
> >> > I have put up a DowIndicator PDF in the group files (2 pages
of
> >> > comment).
> >> >
> >> > The bad news is I critique your indicator a little.
> >> >
> >> > Good news is I brought along her sister, who is not too bad
> > looking
> >> > at first glance.
> >> >
> >> > BrianB2.
> >> >
> >> > --- In amibroker@xxxxxxxxxxxxxxx, "Gerard Carey" <gcfinance@>
> >> > wrote:
> >> >>
> >> >> For those interested in the indicator, Mr Dow gives us here,
> > just a
> >> >> slightly different slant on how to view the market (and our
> >> > indicator).
> >> >>
> >> >> Charles Dow, in the "Wall Street Journal", January 31, 1901:
> >> >> "A person watching the tide coming in and who wishes to know
the
> >> > spot
> >> >> which marks the high tide, sets a stick in the sand at the
points
> >> >> reached by the incoming waves..........
> >> >>
> >> >> Again I've put the guff on an attachment to spare the
> > uninterested.
> >> >>
> >> >> Regds and good trading
> >> >> Gerard
> >> >>
> >> >> --
> >> >> http://www.fastmail.fm - I mean, what is it about a decent
email
> >> > service?
> >> >>
> >> >
> >> >
> >> >
> >> >
> >> >
> >> > Please note that this group is for discussion between users
only.
> >> >
> >> > To get support from AmiBroker please send an e-mail directly
to
> >> > SUPPORT {at} amibroker.com
> >> >
> >> > For NEW RELEASE ANNOUNCEMENTS and other news always check
DEVLOG:
> >> > http://www.amibroker.com/devlog/
> >> >
> >> > For other support material please check also:
> >> > http://www.amibroker.com/support.html
> >> >
> >> > Yahoo! Groups Links
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> > --
> >> > No virus found in this incoming message.
> >> > Checked by AVG Free Edition.
> >> > Version: 7.5.446 / Virus Database: 268.18.7/711 - Release
Date:
> > 3/5/2007 9:41 AM
> >> >
> >> >
> >>
> >
> >
> >
> >
> >
> > Please note that this group is for discussion between users only.
> >
> > To get support from AmiBroker please send an e-mail directly to
> > SUPPORT {at} amibroker.com
> >
> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> > http://www.amibroker.com/devlog/
> >
> > For other support material please check also:
> > http://www.amibroker.com/support.html
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> > --
> > No virus found in this incoming message.
> > Checked by AVG Free Edition.
> > Version: 7.5.446 / Virus Database: 268.18.9/719 - Release Date:
3/12/2007 8:41 AM
> >
> >
>
------------------------ Yahoo! Groups Sponsor --------------------~-->
Transfer from your equities account.
Receive up to $1,000 from GFT. Click here to learn more.
http://us.click.yahoo.com/aZttyC/X_xQAA/cosFAA/GHeqlB/TM
--------------------------------------------------------------------~->
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|