Re: Multi-period Market Indicator Values

["Rick Mortellra" <rmjapan@xxxxxxxxxxxxx>]

 Hi Paul,

Actually, I think you made it more difficult than it should be.

The rolling weekly synthetics I had in mind would be represented by the
following MS custom formulas:

WeeklySyntheticHigh = HHV(H,5)
WeeklySyntheticLow = LLV(L,5)
WeeklySyntheticOpen = ref(O,-4)
WeeklySyntheticClose = C

I'll just assume that you got the Stochastics part right. That's the real
grunt work I wanted to leave up to Steve.

Afterall, this ain't an easy business. No magic formulas, no easy answers.
If you can't understand the math behind the indicators of what you're
trading, then it's best not to do it.

I've spent years studying trading and applying what I've learned to the
markets and have paid allot of tuition (read losses) along the way for my
mistakes. I'd like to think that my best lessons have cost the most tuition!
Anyway no better teacher than the markets.

cheers,
rick


-----Original Message-----
From: Paul Chivers <pchivers@xxxxxxxxxxxxxx>
To: Steven Buss <sbuss@xxxxxxxxxxx>; metastock-list@xxxxxxxxxxxxx
<metastock-list@xxxxxxxxxxxxx>; < <rmjapan@xxxxxxxxxxxxx>
Date: Thursday, January 15, 1998 2:38 AM
Subject: Re: Multi-period Market Indicator Values


>Steve and Rick,
>
>I hadn't yet seen Rick's response when I posted my "claim for dinner".
>
>Rick is absolutely correct in what he says.
>Especially the bit about "the last bar of higher time frames is usually not
>complete".
>
>Because I agree with what Rick says, and because his suggestion eliminates
>the "last Weekly period" problem from my solution, I include an updated
>version of my previous reply, but based on Rick's "synthetic" weekly OHLC
>data.
>
>I think my original solution more correctly approximated the result of
>dropping a Stochastic on a Weekly chart, but Rick's solution is more useful
>at the hard right edge.
>
>Rick, how about we split the dinner?
>
>Paul Chivers
>Western Australia
>+8:00 GMT
>
>
>{ Weekly High - Synthetic }
>     If( DayOfWeek() = 1 , HHV(H, 1),
>     If( DayOfWeek() = 2 , HHV(H, 2),
>     If( DayOfWeek() = 3 , HHV(H, 3),
>     If( DayOfWeek() = 4 , HHV(H, 4),
>     If( DayOfWeek() = 5 , HHV(H, 5),
>         H
>       )))));
>
>{ Weekly Low - Synthetic }
>     If( DayOfWeek() = 1 , LLV(H, 1),
>     If( DayOfWeek() = 2 , LLV(H, 2),
>     If( DayOfWeek() = 3 , LLV(H, 3),
>     If( DayOfWeek() = 4 , LLV(H, 4),
>     If( DayOfWeek() = 5 , LLV(H, 5),
>         L
>       )))));
>
>{ Weekly Stochastic - Synthetic Data }
>WClose:= C ;
>WHigh := Fml( "Weekly High - Synthetic" ) ;
>WLow  := Fml( "Weekly Low - Synthetic" ) ;
>KPer:=Input("%K Time Periods", 1, 200, 5)*5;
>KSmooth:=Input("%K Slowing",   1, 200, 3)*5;
>DPer:=Input("%D Time Periods", 1, 200, 3)*5;
>PercentK:=(  Sum(  WClose
>                 - LLV(WLow, KPer),
>                 KSmooth ) /
>           Sum(   HHV(WHigh, KPer)
>                - LLV(WLow, KPer),
>                KSmooth) ) * 100;
>PercentK;
>PercentD:= Mov(PercentK, DPer, S) ;
>PercentD;
>
>
>