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Where can I find the Vidya indicator ? It doesn't seem to be in my 6.5
program .
Also does anyone have a recent Stocks & Commodities CD of back issues
for sale ?
Metastock : It would be nice to have individual indictors on your web site
that can
be downloaded quickly like Omega Research does ,but
with an
explanation as to how to use then so there's no need for
back issues
of Stocks and Commodities .
Harvey Pearce wrote:
> With the recent attention to Vidya, some may be interested in a system
> which was published in TAS&C October 1995, vol.13 p.418 "Identifying
> Powerful Breakouts Early" by Tuschar Chande.
>
> 1. Plot a 12-day Vidya of the close.
>
> 2. Plot 1% bands one either side of the Vidya line. This is a quickie
> custom indicator in MS6.5, and can be used in other applications.
> % Bands:
> Pcnt:=Input("Enter percentage",0.1,10,1);
> P*(1+(Pcnt/100));
> P*(1-(Pcnt/100))
> Drag them to the Vidya line until it is highlighted.
>
> 3. Set up a Dynamic Momentum Index (DMI) of the close in an inner
> window.
>
> 4. Set up a 14-period RSI of the close in another inner window; use a
> contrasting colour to the DMI.
>
> 5. Drag the RSI to the same inner window as the DMI and have horizontal
> lines at 30, 50 and 70. Close the empty inner window.
>
> 6. Briefly, the rules call for going long when the close is above the
> +1% line and DMI > 70; short below the -1% line and DMI < 30. Exit when
> the close crosses the Vidya or on a stop. For details refer to the
> article. Or use your own logic.
>
> 7. My preference is for a dotted Vidya line and solid 1% lines, plus 2%
> lines in a pale colour. The trend of the DMI/RSI combo and divergence
> between them and price seem to be helpful. Some futures and stocks
> require greater or lesser percentage lines, which are easily changed on
> the fly by right-clicking.
>
> Harvey Pearce, Victoria, B.C., Canada
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