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<TD align=left vAlign=top width=123><FONT color=#fefefe
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<P></P><!---END 2NDARY MENU BAR---><FONT face=Arial size=2><!---MAIN PAGE--->The following are some of the most
respected market analysts in the industry. Each provides regularly
updated commentary on the financial markets here on the Equis web
site. Although each has their own style and approach, they all have
one thing in common--they use <A
href="http://www.equis.com/metastock";>software from Equis
International</A> to help them with their analysis.
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<P><B>Click on the analysts' name to view their latest
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<P><FONT face="Times New Roman" size=4><A
href="http://www.equis.com/free/commentary/bollinger/index.html";><FONT
color=#800000>John Bollinger.</A><I> </I></FONT><I>(as of July 10,
1998)</I></FONT>
<DIV align=right><FONT face="Times New Roman" size=4><FONT
color=#800000><A
href="http://www.equis.com/free/commentary/bollinger/past.html";>Past
Commentaries</A></FONT> </FONT></DIV>
<P>John Bollinger, CFA, CMT is probably best known for his Bollinger
Bands, which have been widely accepted and integrated into most of
the analytical software currently in use. He was the Chief Market
Analyst for many years for Financial News Network, a nationwide
cable network. He continues to present occasonal market analysis and
commentary on CNBC, FNN's successor. He has published the Capital
Growth Letter, a technically driven financial newsletter for
individual investors, since 1988. He is also President of Bollinger
Capital Management, an investment company that provides technically
driven management services to individuals and pension plans. For
more information about the Capital Growth Letter or Bollinger
Capital Management please call 310-798-8855 or send e-mail to
bbands@xxxxxxxxxxxxx (click <A
href="mailto:bbands@xxxxxxxxxxxxx";>here</A> to send an e-mail now).
</P>
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<P><FONT face="Times New Roman" size=4><A
href="http://www.equis.com/free/commentary/fishback/index.html";>Don
Fishback.</A><I>(as of January 12, 1998)</I></FONT>
<DIV align=right><FONT face="Times New Roman" size=4><FONT
face="Times New Roman" size=4><FONT color=#800000><A
href="http://www.equis.com/free/commentary/fishback/past.html";>Past
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<P></P>
<P>Don Fishback is widely recognized as one of the country's leading
authorities on option theory, volatility, and importantly, it's
practical application to profitable option trading. Don created ODDS
Probability Cones found in MetaStock, and is a 13 year veteran of
the financial services industry, focusing specifically on options
and other derivatives since 1986. He is president of Fishback
Management & Research and Fishback Financial Engineering.
Fishback Management & Research provides a variety of advisory
and consultation services for option traders via managed accounts,
training videos and seminars, and newsletters. Fishback Financial
Engineering develops option strategy analysis software for the
personal computer. </P>
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<P><A
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face="Times New Roman" size=4>Martin Pring.</A> - Multimedia
Presentation.<I> (as of June 26, 1998)</I></FONT>
<DIV align=right><FONT face="Times New Roman" size=4><FONT
face="Times New Roman" size=4><FONT color=#800000><A
href="http://www.equis.com/free/commentary/pring/past.html";>Past
Commentaries</A></FONT></FONT></FONT></DIV>
<P>Martin J. Pring entered the financial markets in 1969 and
obtained his grounding in retail and institutional sales with a
major Canadian investment dealer. He is one of the most respected
names in the field of forecasting financial markets and is editor of
two monthly publications, the <I>Intermarket Review</I> and the
<I>Global Chart Book</I>. Martin is the author of the widely
acclaimed <I>Technical Analysis Explained,</I> now regarded as a
standard work in the field. Martin Pring, described in
<I>Barron's</I> as a "technician's technician," has
lectured on the economy, technical analysis and global financial
markets throughout the U.S., Canada, Asia, Australia and Europe, and
has been featured in articles in <I>Barron's</I>, the
<I>International Herald Tribune, Futures Magazine, Technical
Analysis of Stocks & Commodities, etc.</I> </P>
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<P><A
href="http://www.equis.com/free/commentary/yates/index.html";><FONT
face="Times New Roman" size=4>Len Yates.</A><I> (as of June 14,
1998)</I> </FONT>
<DIV align=right><FONT face="Times New Roman" size=4><FONT
face="Times New Roman" size=4><FONT color=#800000><A
href="http://www.equis.com/free/commentary/yates/past.html";>Past
Commentaries</A></FONT></FONT></FONT></DIV>
<P>Leonard S. Yates is the founder and president of OptionVue
Systems International, Inc. of Libertyville, Illinois. Since 1983,
his company has been developing investment software for professional
money managers, traders, and serious private investors, with a focus
entirely on options. OptionVue Systems International, Inc. provides
a very personal level of support and service, and works from an
intimate knowledge of the business. </P>
<P>Prior to founding OptionVue Systems, Len worked as a software
engineer at Tandem Computers for two years. Prior to Tandem, Len was
a hardware and software engineer at IBM Corp. for six years. He is
an expert in corporate finance and financial models, and has made
important contributions in the field of options pricing models-the
most notable being the "Yates adjustment" to the popular
Black/Scholes model as applied to American style puts. By accounting
for the possibility of early exercise, this model has the advantage
of both speed and accuracy, mutually exclusive qualities with other
models. Len holds a Bachelor of Science degree in Electrical
Engineering from Purdue University, with top 5% honors. </P><!---END MAIN PAGE---></FONT>
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</x-html>From ???@??? Sun Jul 26 08:58:10 1998
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From: "A.J. Maas" <anthmaas@xxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: moving average
Date: Sun, 26 Jul 1998 13:19:26 +0200
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TA from A to Z - S Achelis' book digital electronicaly available at
http://www.equis.com/free/taaz/movingaverages.html
or
http://www.equis.com/free/taz/index.html
See p188-192 for the variaty of how MA-calculations can be done and achieved
and then too applying the formula-language for the proper set-up.
My guess is that you can accomplishe this with the standard "Exponential %"-formula
Exponential Percentage=(2 / ( "TimePeriods" + 1 ).
An Exponential Moving Average is calculated by applying a percentage of today's closing
price to yesterday's moving avarage value(s). Exponential MAs place more weight on
recent prices. To calculate a 9 percent EMA of a security, you would first take today's closing
price and multiply it by 9 percent. Next, you would add this product to the value of yesterday's
moving average multiplied by 91 percent (100% - 9% = 91%).
As an example a 21-day EMA is then
(2 / ( 21 + 1 ) = 9.0909091 %MA
(example in book is rounded off to 9 wich is a 21.2EMA)
To calculate a 9.0909090909090909091 %MA(=21EMA) the formula is
(Today's Close * 0.0909091) + (Yesterday's EMA * 0.91)
with your choice as to how far right of the decimal you wish to go applying the "rounding off"-formula
>=5 equals to 1 ( "=" is equal to and ">" is greater then)
<5 equals to 0 ( "<" is less then).
Let the List know of your achievements,
Regards,
Ton Maas
Ms-IRB@xxxxxxxxx
-----Oorspronkelijk bericht-----
Van: Guy Tann <grtann@xxxxxxxxxxx>
Aan: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Datum: zondag 26 juli 1998 2:37
Onderwerp: RE: moving average
>Used to use something like this years ago and called it a modified moving
>average.
>
>For a ten day modified moving average, we would maintain an intermediate
>field that contained the following:
>
>Take day 1 and put it in the intermediate field. For day two, take 90% of
>the intermediate field and add the current day's number. For day 3, etc.,
>do the same. 90% of the intermediate field plus the new day's number. I
>think you can now do this with MS 6.5 since it supposedly handles variable,
>but since it can't handle my calcs, I only use it for graphing.
>
>
>Regards
>
>
>
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]
>On Behalf Of Paul
>Sent: Friday, July 24, 1998 6:29 PM
>To: Metastock@xxxxxxxxxx Com
>Subject: moving average
>
>hello,
>
>I need an average that is similar to a simple average but instead of
>subtracting the earliest bar (when adding new one) I would subtract average
>of ,say 5 latest bars (in case of a 5 bar average). thanks
>Paul
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