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The indicator itself, no system, based upon the article is
Mov(ATR(1),21,w) or you might want to just plot ATR(21) if you want to
use Wilders smoothing which the article does not discuss.
As far as an expert for this it wil take awhile because the tarding
system discussed in the article is a dynamic system which requires
changes as the indicator developes.
Equis Support
-----Original Message-----
From: A.J. Maas [mailto:anthmaas@xxxxxx]
Sent: Monday, August 24, 1998 8:03 AM
To: metastock@xxxxxxxxxxxxx
Cc: suggestions@xxxxxxxxx; support@xxxxxxxxx
Subject: Re: PV Binary Wave
The Indicators & Explorations suggested for use in Jim's+Lists'
Trend-indicator :
The Indicators:
Name:
TTT-TREND TRAILING Ind - Andrew Abraham
Formula:
{from TASC article SEP98 - TRADING THE TRENDS}
VOLAInd :=Mov(ATR(21),1,W)*3;
If(
C>Ref(C,-21) AND C>VOLAInd,
HHV(H,21)-Ref(VOLAInd,-1),
Ref(VOLAInd,-1)+LLV(L,21))
{CHANGE BAR COLORS:
double click on the price plot in the chart, from the Color/Style page
click the UP drop-list and choose darkblue for upwards, and red for
downward price changes}
{This indicator is copyrighted by Ton Maas -
Amsterdam - the Netherlands}
Name:
IFT - 48 Turnaround Line - Chick Goslin
Formula:
{based on ideas gotten from Chicks book - INTELLIGENT FUTURES TRADING,
published 1997 by Windsor Books, POBox 280, Brightwaters, NY 11718,
and published in TAM Dutch TA-magazine, Jun98}
MTMidM1:= Input("MidTerm periods MEDIAN price x-days ago", 1,1000,47);
MTMidM2:= Input("MidTerm periods MEDIAN price x-days ago", 1,1000,48);
MTMidSMO:= Input("ShortTerm SMOOTHING periods MEDIAN price", 1,1000,1);
Mov(
((Ref(MP(),-MTMidM1)/2.1)+
(Ref(MP(),-MTMidM2))/1.9),MTMidSMO,S)
{This indicator is copyrighted by Ton Maas -
Amsterdam - the Netherlands}
The Explorations:
Name: TTT - TRADE THE TREND
Formula:
{Short Term Filter}
C>fml( "TTT-TREND TRAILING Ind - Andrew Abraham")
{This indicator+exploration is copyrighted by
Ton Maas - Amsterdam - the Netherlands}
Name: IFT - INTELLIGENT FUTURES TRADING
Formula:
{Longer Term Filter}
C>fml( "IFT - 48 Turnaround Line - Chick Goslin")
{This indicator+exploration is copyrighted by
Ton Maas - Amsterdam - the Netherlands}
-For info on the
TTT-TREND TRAILING Ind - Andrew Abraham
check on my "Trade The Trend" mail to the List and its respective
TASC-article.
-For info on the
IFT - 48 Turnaround Line - Chick Goslin
check on my "Intelligent Futures Trading" mail to the List and its
respective
Goslin-book.
As propriety holder any rights on these indicators and explorations
remain
soly to the undersigned.
Use of these indicators and explorations are to and for the benifit of
Equis'
Metastock users and as such its MetaStock WorldWide Users List-members.
And Jim, hope its Short and Longer Term results will be of use to "your+
MsList Trend indicator".
"CC" to Equis at suggestions@xxxxxxxxx and support@xxxxxxxxx
Regards,
Ton Maas
Ms-IRB@xxxxxxxxx
===========================================================
-----Oorspronkelijk bericht-----
Van: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
Aan: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Datum: zondag 23 augustus 1998 20:43
Onderwerp: Re: PV Binary Wave
>Ton,
> Thanks. I'll see if I can find Chick's book. I've been thinking
>about using some kind of price look back formula in the PV Binary Wave
>and Jim DeWilder just suggested one that looked at several days in a
>row and gave each a plus or minus one value and added them up. I'm
>thinking of doing the same at various fib number intervals. If you
>have a formula other then just C < Ref(C, -47) please let me know.
>
>Jim
>-----Original Message-----
>From: A.J. Maas <anthmaas@xxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Sunday, August 23, 1998 10:58 AM
>Subject: Re: PV Binary Wave
>
>
>>>I'd appreciate it if you would test the wave against several of your
>>>stocks and make suggestions on changing any of the formulas I
>>>presented. Also, I'd like your ideas for additional components.
>>>Please restrict those ideas to price and volume relationships only.
>>
>>
>>Thanks for starting this MetaList Trend indicator. Testing will
>do(when time will let me).
>>
>>Now for a suggestion:
>>A while ago I read a part of the Chick Goslin "Intelligent Futures
>Trading" book and
>>in chapter 5-Learning and Chapter 7-Charts, Chick refers to his
>indicators used and
>>also to an easy way to determine if we are in an Up trend or not
>>(then especialy see Chapter 7- chart Pg1 on pag 95 - Review of April
>Cattle(5 Jan))
>>
>>-----quote:----------
>>The Direction Line(49SMA):
>>The first thing I do when looking at a chart is to go back ten weeks
>and circle
>>a day 47 or 48 trading days ago. This gives me an instant view of how
>easy or
>>difficult it would be for a trend to change.
>>-----unquote-------
>>
>>From any standard book on TA you can learn that a 50 days SMA is very
>common to use
>>as a way to see and determine: if there is a direction, the type of
>direction and also if there
>>is an Up-trend. I have re-written the Goslin indicators for Metastock
>and am quite pleased
>>with a spinn-off indicator from his ideas, an indicator wich provides
>on todays data the prices of
>>48+49 days ago. If todays close is above then we're in an Uptrend, if
>not we're in a
>>downtrend or non-trending(trading sideways).
>>
>>This indicator and the Goslin system(indicators)can then be easy
>implemented in the jointly
>>on the List created "MetaList Trend indicator".
>>
>>If you're intrested "just yell",
>>
>>Regards,
>>Ton Maas
>>Ms-IRB@xxxxxxxxxx
>>
>>Ps. The Chick Goslins IFT book contains 'everything' common TA books
>have left out.
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