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Richard, I ran your exploration (below) over about 2300 stocks in my
database without a hit. Would you mind explaining what the exploration is
looking for? Thanks.
Hans
-----Original Message-----
From: Richard Estes <rtestes@xxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, July 19, 1998 4:12 PM
Subject: Re: 13,34,89 MACD
>Here comes some generalizations:
>
>You must first know yourself. To a degree, you set out some of your
beliefs,
>the S&P 500 and etc. If these thoughts were set down based on experience,
>extensive reading and study, or buying the ideas of a person or group of
>person, then your next step would be to measure by testing and looking back
>to past times to see how well your ideas would work. Then you review the
>results, is this what you expected? Does the plan/system provide you
results
>you want? Did you have an exit plan.?
>
>A good system gives you a clear entry/exit, you must be able to trust it.
>That trust comes from back testing and reviewing how it performed with many
>stocks. Your system won't be mine or mine,yours.
>
>Now you ask about consolidation and breakout. I feel the biggest value of
>bollinger bands is when the bands narrow, price is in near balance with
>buyers and sellers, it won't stay that way. A breakout one way or enough
>should occur.
>
>If you want to go long try this as an exploration on your stocks, it has
>nothing to do with bbands.
>
>Cola:
>Ref(HHV(H,21),-3)/Ref(LLV(L,21),-3)<1.2 AND HIGH>Ref(HHV(H,21),-1) AND
>VOLUME>Mov(VOLUME,180,S)
>Colb: close
>Colc: Volume
>Filter: cola=1 and colc>100000
>
>Start reading as many TA books you can get your hands on. Your testing may
>show your system is not one you can trust.
>
>Richard Estes
>
>
>-----Original Message-----
>From: Brian Hogg <bkhogg@xxxxxxxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Sunday, July 19, 1998 3:24 PM
>Subject: Re: 13,34,89 MACD
>
>
>>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
tha
>t
>>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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