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I failed to understand what you intended to convey in your first or this
post. I responded to Lionel's post. You seem to know the path you want to
take, be sure and keep the list up to speed on your success.
Richard Estes
-----Original Message-----
From: Walter Lake <wlake@xxxxxxxxx>
To: metastock bulletin board <metastock@xxxxxxxxxxxxx>
Date: Monday, September 21, 1998 9:13 AM
Subject: adaptive stuff
>Hi guys
>
>Thanks for your emails. Rather than get into a discussion re favourite MA's
>or cycle lengths, I wanted to develop my concerns about "approximations"
and
>"adaptives". First, I don't use approximations now because of the gradual
>availablity of "adaptive" indicators. Secondly, I've become very wary about
>"derivatives" of any kind and the need to know where I am at any time.
>
>We need a whole new class of graphic indicators that are "viewing"
>indicators, i.e., they tell you where the "derivative" is "at" and how it
>got there.
>
>Much like the problem that exists using MAE (Maximum Adverse Excursion) in
>the System Tester. It's fine as it exists but I need to develop more
graphic
>indicators along with the code for testing and explorations.
>
>I need to develop indicators that tell the day in the trade of the MAE
>(i.e., Day 4); the average MAE for the last 20 trades etc. Also the same
>indicators for MFE (Maximum Favourable Excursion). Plus indicators to
>compare the move against the ATR for example. This is important for anyone
>trying to develop"proven correct" time points, i.e., close of Day 4,
mid-day
>Day 6, etc.
>
>I was glad to see the complexity of the "shark" indicator and explorations
>etc. because one of the trigger levels I need to develop in the DBS
(Dynamic
>Breakout System) is the price bar set-up pattern level. Only occasionally
>have I seen the code for price bar set-ups so well explained.
>
>So, there are lots of areas that I'm excited about and I'm looking forward
>to creative year, given the level of talent and expertise on this bulletin
>board.
>
>My best to all of you as we move into these new areas.
>
>Walter
>
>
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