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Hello:
I'm a new Metastock user and find myself overwhelmed by the amount of
information the program provides. Can anyone suggest a course of action to
take to begin to put all the information into perspective. My belief for a
trading system is to start with a top down approach... i.e. analyze the S&P
500 indexes and zero in on an index that is outperforming the others. Once
you identify the perspective index then zoom in on the batch off stocks that
comprise that index. This is where my problem begins. There are so many
indicators and explorations to choose from that I find myself second
guessing my next move. I'm not new to Technical Analysis, the previous
system I used was a home grown version. Unfortunately it wouldn't grow with
me. My best success came from identifying stocks in a consolidation pattern
and catching the breakout in either direction confirmed by volume. Can
anyone suggest how to accomplish this with Metastock.
If there are any other Metastock virgins out there I would welcome the
opportunity to share some experiences and perhaps gain a better
understanding of the power of this program.
Happy Trading
Brian
-----Original Message-----
From: Richard Estes <rtestes@xxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, July 19, 1998 11:09 AM
Subject: Re: 13,34,89 MACD
>
>What are you missing? Not looking at it to see results.
>
>Mov(C,13,E) - Mov(C,34,E)-Mov((Mov(C,13,E) - Mov(C,34,E)),89,E)
>
>Plot as a histogram and use 0 trigger.
>
>Richard Estes
>
>
>-----Original Message-----
>From: Tom Strickland <tstrickland@xxxxxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Sunday, July 19, 1998 12:31 PM
>Subject: 13,34,89 MACD
>
>
>>Bob Jagow mentioned the 13,34,89 MACD in a recent message. As a new member
>>to this mailing list, I haven't seen the previous discussions of this
>>indicator. I wonder, is 89 the time length of the trigger line? Seems like
>>such a long time period would produce an almost horizontal trigger, not
too
>>much different from the 0 line. What am I missing here?
>>Could someone clarify this for me?
>>
>>Thank you,
>>
>>Tom Strickland
>>tstrickland@xxxxxxxxxxxxx
>>
>>
>
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