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Jim,
I noticed in your advice to Bill that you used the numbers: 21,
34, 55. What part does Fibonacci numbers play in your overall
anlaysis? Is anyone out there going beyond the arcs,
retracements, and period tools that MS provides?
Steve Karnish
CCT
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> From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Tema
> Date: Friday, July 17, 1998 1:04 PM
>
> Bill,
> That's right, what you have is a system test formula.
The
> explorer can't optimize, where the system tester can. To use
the
> formula in the Explorer, you have to replace opt2. Start out
using
> 21, then you can try the other values of 34 or 55 to see which
you
> like best. In fact you can experiment with any number you
want.
>
> Jim
> -----Original Message-----
> From: Bill G Bolumen <BOLUMENB@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Thursday, July 16, 1998 6:24 PM
> Subject: Re: Tema
>
>
> >Jim,
> >I am not good at all with formulas and I was trying to copy
your
> Short
> >Formula into explorer and it says that "optimization
variables are
> not
> >allowed in this type of formula"
> >What else do I need to other than just inputting the short
formula
> into the
> >explorer?
> >Thanks,
> >Bill
> >
> >----------
> >> From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
> >> To: metastock@xxxxxxxxxxxxx
> >> Subject: Re: Tema
> >> Date: Wednesday, July 15, 1998 6:54 PM
> >>
> >> CMA,
> >> I'll copy an old post below.
> >>
> >> Jim
> >> --------------------------------------
> >> The Rsquared, S/C,MFI test is based on linear
regression.
> >> RSquared is a function that measures how strong a data
array of
> given
> >> length is trending. A return of one correlates to a very
strong
> trend
> >> in either direction. A return of zero correlates to no
trend. I'm
> >> using it to tell me when there is no trend over the last 21
days,
> or
> >> that rsquared(C,21) is less than 0.15. Now that we have no
trend,
> we
> >> would expect one to start in the next 5 to 13 days. If one
does
> start
> >> we want to determine the direction and get in early.
Therefore
> >> Rsquared is used as a trigger, using it as an ALERT
function. With
> >> the ALERT given, if all the rest of the conditions are met
any time
> >> within a 13 day period, the buy signal will be generated.
I'm then
> >> using S/C and MFI to determine trend start and direction.
> >> S/C is nothing more than the normalized 34 day
LinRegSlope of
> the
> >> close. I normalize it by dividing it by the close so
charts are
> more
> >> directly comparable. I also multiply by 10000 just to get
numbers
> >> between 0 and a few hundred. Finally I apply Tema
smoothing to get
> a
> >> smoother plot. The theory is that if S/C is rising then a
uptrend
> is
> >> in progress. If S/C is falling a down trend is in
progress. I
> check
> >> this by making sure that tema(S/C) is larger than an
optimized
> value
> >> (opt1) and is rising. I use the function HHV(X,5) =
HHV(X,13) to
> >> check. This is just a quick way to determine if the most
reason
> >> values of X have been rising. If the condition is met,
then S/C is
> >> rising. Similarly if it met the condition LLV(X,5) =
LLV(C,13) it
> >> would be falling.
> >> I double check the result by also making sure that MFI
is also
> >> rising. When all conditions are met within 13 days of the
alert,
> we
> >> get a buy signal. The converse is true for a sell signal.
Since
> the
> >> market is biased upwards, I add two additional checks for
the
> short -
> >> MFI less then 0 and the 55 day variable moving average
falling. I
> >> close the positions when the trend has stopped. For the
long
> position
> >> I check that the Tema(MFI) is below 0, the Tema(S/C) is
below opt 1
> >> and a 55 day exp moving average is falling. Short
positions tend
> to
> >> move faster, so I only look the 144 day moving aver to
begin rising
> to
> >> close that position. The complete test follows:
> >>
> >> ENTER LONG:
> >> Alert(RSquared(C,21) < 0.15,13) AND
> >> Tema(10000*LinRegSlope(C,34)/C,34) > opt1 AND
> >> HHV(Tema(10000*LinRegSlope(C,34)/C,34),5) =
> >> HHV(Tema(10000*LinRegSlope(C,34)/C,34),13) AND
> >> HHV(Tema(MFI(55),55),5) = HHV(Tema(MFI(55),55),13)
> >>
> >> CLOSE LONG:
> >>
> >> Tema(MFI(55),55) - 50 < 0 AND
> >> Tema(10000*LinRegSlope(C,34)/C,34) < opt1 AND
> >> LLV(Tema(10000*LinRegSlope(C,34)/C,34),5) =
> >> LLV(Tema(10000*LinRegSlope(C,34)/C,34),13) AND
> >> LLV(Tema(MFI(55),55),5) = LLV(Tema(MFI(55),55),13)
> >>
> >> ENTER SHORT
> >>
> >> Alert(RSquared(C,21) < 0.15,13) AND
> >> Tema(10000*LinRegSlope(C,34)/C,34) < opt2 AND
> >> LLV(Tema(10000*LinRegSlope(C,34)/C,34),5) =
> >> LLV(Tema(10000*LinRegSlope(C,34)/C,34),13) AND
> >> LLV(Tema(MFI(55),55),5) = LLV(Tema(MFI(55),55),13) AND
> >> Tema(MFI(55),55) - 50 < 0 AND
> >> LLV(Mov(C,55,VAR),5) = LLV(Mov(C,55,VAR),13)
> >>
> >> CLOSE SHORT
> >>
> >> HHV(Mov(C,55,VAR),5) = HHV(Mov(C,55,VAR),13) AND
> >> Tema(MFI(55),55) - 50 > 0
> >>
> >> OPTIMIZATION:
> >>
> >> OPT1: Min=-34 Max=-8 Step=13
> >> OPT2: Min=-55 Max=-21 Step=34
> >>
> >> -----Original Message-----
> >> From: amc amc <cma6@xxxxxxxxx>
> >> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> >> Date: Wednesday, July 15, 1998 11:09 AM
> >> Subject: Tema
> >>
> >>
> >> >
> >> >To Jim Greening:Don't know if you have covered this, but
can you
> >> >describe Tema S/C and Tema MFI (money flow index?),
howconstructed
> >> >and how interpreted. Thanks, CMA
> >> >
> >> >
> >> >
> >> >_________________________________________________________
> >> >DO YOU YAHOO!?
> >> >Get your free @yahoo.com address at http://mail.yahoo.com
> >> >
> >>
> >>
>
>
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