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I wasn't criticising the Dahl indicator, I was pointing out that we can do
more with the concept using metastock, and also what I consider the
limitation of this indicator. When this indicator was developed, the
calculations had to be done longhand or at best using a mechanical
calculator; hence Dahl made the calculations as simple as possible (but not
simple minded).
I dont exactly understand what you mean by a centering indicator, in any
case you can get the same kind of information on a security using an macd
or price oscillator.
Lionel Issen
Lionel Issen
At 01:59 PM 1/3/98 -0600, Richard Estes wrote:
>I consider this as a centering indicator, one that sets the primary trend. I
>don't do high caps or mutual funds and I find it useful. certainly there are
>better indicators depending on ones' mindset, but I think system tests can
>show it provides good returns, and might be the best to compare to other new
>systems. If you beat Dahl, you aren't doing bad. if you don't, look some
>more.
>
>As for pre-PC, there is nothing new under the sun. Everyone should look at
>the classics.
>
>
>-----Original Message-----
>From: Lionel Issen <lissen@xxxxxxxxxx>
>To: Richard Estes <restes@xxxxxxxxx>; michael.arnoldi@xxxxxxxx
><michael.arnoldi@xxxxxxxx>; metastock-list@xxxxxxxxx
><metastock-list@xxxxxxxxx>
>Date: Saturday, January 03, 1998 1:37 PM
>Subject: Re: DAHL indicator
>
>
>>Please note that this is a rate of change of a moving average. It was
>>developed in the '40s or '50s, long before the days of the pc. You can get
>>similar signals using an macd or price oscillator. Exepriment with the mov
>>time period and the roc of the mov. A mov of 50 may be more suited to
>>large cap stocks and mutual funds.
>>
>>Lionel
>>
>>At 12:49 PM 1/3/98 -0600, Richard Estes wrote:
>>>The work of Curtis Dahl and his news letter was my start in TA in the 60s.
>>>Dahl and Coppock started me off right.
>>>
>>>His primary trend index should be plotted as a histogram and you use 0 as
>a
>>>trigger. I feel you should never be long in a stock when Dahl is below 0,
>or
>>>short when it is above 0. You might play with the types of MAs but leave
>the
>>>periods the same. He developed the indicator as simple as it looks, by
>>>extensive computer review of 50 years of data.
>>>
>>>mov(c,50,s) - ref(mov(c,50,s),-15)
>>>
>>>
>>>-----Original Message-----
>>>From: michael.arnoldi@xxxxxxxx <michael.arnoldi@xxxxxxxx>
>>>To: metastock-list@xxxxxxxxx <metastock-list@xxxxxxxxx>
>>>Date: Saturday, January 03, 1998 7:19 AM
>>>Subject: DAHL indicator
>>>
>>>
>>>>does anyone have the formula for the DAHL indicator for use with MS6.5
>>>>
>>>>thanks.
>>>>mike
>>>>
>>>
>>>
>>>
>
>
>
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