[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Fibs



PureBytes Links

Trading Reference Links

Bill:
As a precaution first back up the directory.

Go to the Downloader. click on Tools. click on copy.  Use the browse button
to get to the right folder. If the mutual list is shorter start with it
otherwise start with the stocks.

Click on the first security, then hold down the Ctrl button and click on
each security that you are going to transfer in turn. When you click on
copy, you have to write in or select the destination. Check the "copy the
smart charts" and you'll probably want to check the " delete source
security"

If all else fails the instructions (most of them) are on page 25 of the
Downloader manual.

Lionel


-----Original Message-----
From: Bill G Bolumen <BOLUMENB@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, July 19, 1998 2:05 PM
Subject: Re: Fibs


>Jim or anyone,
>I have a database with stocks and mutual funds which Metastock reads.  I
>would like to know of a way to separate the stocks from the mutual funds
>other than taking my time to take the 2,000 + mutual funds in the database
>out one by one. I tried to use the Explorer with V=0 believing that if a
>security has no volume that it would be a mutual fund but apparently this
>is doing something else as it gave a ton of securities such as WMX which
>has plenty of volume.  What would be the right exploration parameters to
>work on mutual funds only?
>Thanks.
>
>----------
>> From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
>> To: metastock@xxxxxxxxxxxxx
>> Subject: Re: Fibs
>> Date: Saturday, July 18, 1998 12:31 PM
>>
>> Rick,
>>      I haven't used the Lucas numbers, but I'm sold on Fibs.
>>
>> Jim
>> -----Original Message-----
>> From: Rick Mortellra <rmjapan@xxxxxxxxxxxxxxx>
>> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>> Date: Saturday, July 18, 1998 12:10 PM
>> Subject: Re: Fibs
>>
>>
>> >I don't think anyone has made a fundamentally sound arguement for why
>> using
>> >Fib parameters works. But I agree, they are uncanny. There's also
>> another
>> >set called Lucas numbers that possesses the same "golden ratio"
>> >characteristic. I think series begins with 2, 1, 3, 4, 7, 11, 18, 29,
>> 47,
>> >76, 123, 199, etc.
>> >
>> >cheers,
>> >Rick
>> >
>> >PS. Congrats on the EGGS call Jim!
>> >
>> >
>> >-----Original Message-----
>> >From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
>> >To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>> >Date: Saturday, July 18, 1998 12:28 PM
>> >Subject: Re: Tema
>> >
>> >
>> >>Steve,
>> >>     I use Fibonacci numbers in a lot of my system tests.  I don't
>> >>know why, but they seem to work better.
>> >>
>> >>Jim
>> >>-----Original Message-----
>> >>From: Steve Karnish <kernish@xxxxxxxxxxxx>
>> >>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>> >>Date: Friday, July 17, 1998 8:20 PM
>> >>Subject: Re: Tema
>> >>
>> >>
>> >>>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
>> >>>
>> >>>----------
>> >>>> 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
>> >>>> >> >
>> >>>> >>
>> >>>> >>
>> >>>>
>> >>>>
>> >>
>> >>
>> >>
>> >>
>> >
>>
>>