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Lionel, this is in reply to your post regarding MA difference oscillators-
it is an email I sent to Onno in response to a follow up from him to me.
I believe Richard is on vacation or something, and accordingly, we will not
be able to hear his comments until he's back.
Al Stephens
-----Original Message-----
From: Alton Stephens [mailto:astephen@xxxxxxxx]
Sent: Sunday, August 16, 1998 8:05 PM
To: Onno Goedknegt
Cc: Wolfgang Lauer; Richard T. Estes Jr.; Mike Asher; Jeff Grover;
Harold R. Lanier; Glenn Westra; Gale A. Thompson; Dave Evans; Bob Simms;
Bill Sandusky; Bill Riedeman; Bill Haynes; Harry Ofgang
Subject: RE: Shifted Mov. Avgs.
Onno, I am copying several friends of mine on this reply, as they are all
more knowledgeable than I, ans I hope one or two of them will step in for
clarification and to expand on my reply.
Tom Joseph is the owner of Trading Techniques Inc., the author of Advanced
GET trading software. GET stands for Gann Elliott Trader. Website is
http://www.tradingtech.com/.
Tom's trading bands are two simple moving averages, each 6 periods long,
each displaced 4 periods to the right. One MA is based on the HIGH and is
colored blue. The other is based on the LOW and is colored red. These two
MAs together form a "band." When the close closes above the upper band,
this is an long entry signal, but the signal must be confirmed by the XTL
first turning blue with a subsequent close at least 1.5*height of the first
XTL blue bar. remain in the trade until close closes below the lower band.
You must have Advanced GET in order to do this trade the way Tom Joseph sets
it up, but in Metastock, if you set up a 13,34,89 MACD as a histogram, you
can get a pretty good surrogate for the XTL.
I hope some of the other guys will elaborate, and I suggest you go to the
TTI website.
Al Stephens
> -----Original Message-----
> From: Onno Goedknegt [mailto:goedkneg@xxxxxx]
> Sent: Sunday, August 16, 1998 5:57 PM
> To: Alton Stephens
> Subject: RE: Shifted Mov. Avgs.
>
>
> Hi Al,
>
> Thanks for your help!
>
> Hopefully Richard Estes will chime in...
>
> Can you tell me more about the second method (Tom Joseph) ?
> Two moving averages 6 day period.
> Are they simple, exp., weighted?
> Which one of them shifted? Or both?
> And how does Tom trade this band?
>
> Thanks in advance for your help.
>
> Good luck trading!
>
> Regards,
> Onno
>
>
>
>
> At 10:27 16-8-98 -0400, you wrote:
> >Richard Estes says try shifting a horizontally by the square
> root [nearest
> >whole number] of the length of the MA. He also has other ideas and
> >suggestions regarding shifting MAs- perhaps he will chime in.
> >
> >Tom Joseph [Advanced GET] has built a trading system based on
> two 6 period
> >moving averages shifted 4 periods horizontally. The two MAs are
> based one
> >on the HIGH for the period, and the second on the LOW for the
> period. The
> >resulting bands make for a workable trading band system. he uses it in
> >conjunction with his proprietary XTL[eXpert Trend Locator].
> >
> >Al
> >
> >Al Stephens
> >
> >> -----Original Message-----
> >> From: owner-metastock@xxxxxxxxxxxxx
> >> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Onno Goedknegt
> >> Sent: Sunday, August 16, 1998 9:41 AM
> >> To: metastock@xxxxxxxxxxxxx
> >> Subject: Shifted Mov. Avgs.
> >>
> >>
> >> Hi all,
> >>
> >> Please give me your opinion about the usage of
> >> (vertical and horizontal) shifted moving averages ?
> >>
> >> Can you use them for graphic purposes only or also
> >> as a basis for a (end-of-day) trading system ?
> >>
> >> Thanks!
> >>
> >> Regards,
> >> Onno
> >>
> >>
> >>
> >
>
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