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I think I know what your getting at( but maybe not) and if you find an
answer to this I would appreciate a line. I have looked at
characteristics of securities and their indicators before making a big
move to hopefully find some kind of "set up". By visually eye balling it
I have found that TRIX and the MACD have "tale tell" characteristics like
a "hooking" or tightly u turning look about the indicator and then thur
the 0 line. The best I have been able to duplicate is my Brady Break
out exploration with the MACD indicator looking back x periods to verify
that the indicator was in the correct beginning point to go on and form
the pattern I recognized in profitable break outs( I can send you that
exploration with some notes if you like).
However it is patch work at best and I get securities that meet the
criteria after an exploration where the indicator does not look like the
kind of formation I was looking for. I often thought if I could just
"capture" or draw a box around the indicator when it is in the formation
I want and then paste this picture into an exploration and say ' GO find
other securities with MACD's or TRIX's that look like this!
I guess its almost the same as writing an exploration for: go find saucer
and cup formations, go find ascending triangle formations, etc.,
And it would even be more powerful if I could add different time frames
into the exploration, go find my MACD set up on a daily basis that also
meets the criteria of my TRIX set up on a weekly basis!
And even more powerful if I could also add: also compare this security to
the DJIA for instance and see if the general market conditions are equal
to the conditions that were present when the prior break out took place.
My hypothesis is simple, go find indicator set upsor patterns that equal
set ups that have lead to break outs in the past not only with this
security but others.
Well Metastock I'm waiting!
The slope of the indicator seems to be paramount as it moves into a
pattern that will lead to a break out!!!!! If I really focused and drew
some lines and applied some algebra I think I could come up with some
kind of formula that gave me results closer to what I have pictured in my
mind - maybe this will motivate me to do it, but I know there is some wiz
out there on this list that could just start typing and present the
formulas.
Good Luck !
JB in wet SB..
On Tue, 03 Feb 1998 09:42:15 -0500 RXR <oiis@xxxxxxxxxx> writes:
>I have a formula question:
>
>When using an indicator that ranges from positive to negative values
>(such
>as TRIX) AND you want to describe the DEGREE of downward slope of the
>TRIX
>for a certain number of periods when passing through zero . . . how do
>you
>define this.
>
>Can TRIX be converted into ALL positive numbers (a consecutive
>series)?
>
>
>RXR
>
>
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