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Rick, you might try the MS variable moving average, available on "moving
average properties" dialogue box, under "method/variable". It simulates the
Chande Vidya moving average which changes it's period automatically under
varying market conditions. (It's exactly the same as Vidya at the "business
end", but is slightly different at the far end....not significant though)
I don't know if this answers your questions because books have written about
each question you brought up, but there are indicators (like the above) that
attempt to bridge the gap between trending and non-trending markets.
As for your "Sky Blue" question, I think it's just a variation of "Rainbow
Bands"......or am I spending too much time watching this screen ?
-----Original Message-----
From: Rick Roegner <oiis@xxxxxxxxxx>
To: metastock-list@xxxxxxxxx <metastock-list@xxxxxxxxx>
Date: Monday, January 12, 1998 12:58 PM
Subject: Systems-indicators
>I've noticed that whenever I design & optimize a trading system (or the
>same for an indicator) in Metastock, that in various areas over the data
>history, the system or indicator does not work so well.
>
>Has anyone devised a method to adjust a system or indicator over the price
>history during these "weak" spots; let alone possibly into the future price
>history?
>
>To repeat, has anyone had success, using the alert, reference, if, value
>when, or other function to get an indictor or system to adjust to changing
>conditions? I have under certain limited conditions. This is the
>intention of a trading system?
>
>OR, is it customary to simply interpret these anomolies or weak spots. Is
>that what an indicator is for?
>
>Are there two types of indicators? Those that adjust and give signals
>(used in trading systems) AND those that don't and give signals (used in
>trading systems)? Any difference?
>
>Is this where intuition & interpretation come in?
>
>Does a good trading system describe a loose "channel" around past price
>history?
>
>What happens when the price overflows the channel in the future? Does
>someone have an indicator for that occurance? Can you design a trading
>system that adjusts? Does anyone have a "channel overflow" indicator?
>
>Is the sky blue?
>
>
>
>
>
>
>R. Roegner
>
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