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Re: Stops



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<DIV><FONT size=2>Guy,</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; I cheated a little also.&nbsp; I 
closed my TRV, RDC, and 1/2 my EGGS position this morning.&nbsp; I decided to 
keep half the EGGS for part of a test I'm going to do on low priced small caps 
over the next few months.&nbsp; I watched off and on for most of the day and 
finally decided to stick with my DELL position.&nbsp; My rationale for DELL is 
that it was so close to my re-entry point for a bounce off the bottom of the 
intermediate term channel that I might as well just keep it and move the stop to 
under the intermediate term channel.&nbsp; That might have been real dumb, time 
will tell.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Jim</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Guy Tann &lt;<A 
    href="mailto:grtann@xxxxxxxxxxx";>grtann@xxxxxxxxxxx</A>&gt;<BR><B>To: </B><A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Friday, October 02, 1998 1:31 AM<BR><B>Subject: </B>RE: 
    Stops<BR><BR></DIV></FONT>
    <DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial 
    size=2>Jim</FONT></SPAN></DIV>
    <DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial 
    size=2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial size=2>I 
    wimped out.&nbsp; Had another sell signal for Monday night at the Close and 
    was too much of a wuz to add to my short positions.&nbsp; When am I going to 
    learn to just follow the signals?&nbsp; Worried about Greenspan and the 
    pending rate cut even though we previously discussed the possibility that 
    anything he did would be too little too late.&nbsp; Oh 
    well....</FONT></SPAN></DIV>
    <DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial 
    size=2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial 
    size=2>Regards</FONT></SPAN></DIV>
    <DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial 
    size=2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial 
    size=2>Guy</FONT></SPAN></DIV>
    <DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial 
    size=2></FONT></SPAN>&nbsp;</DIV>
    <BLOCKQUOTE 
    style="BORDER-LEFT: #0000ff solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
        <DIV class=OutlookMessageHeader><FONT face="Times New Roman" 
        size=2>-----Original Message-----<BR><B>From:</B> 
        owner-metastock@xxxxxxxxxxxxx 
        [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On Behalf Of</B> Jim 
        Greening<BR><B>Sent:</B> Thursday, October 01, 1998 5:16 
        PM<BR><B>To:</B> Metastock<BR><B>Subject:</B> Stops<BR><BR></FONT></DIV>
        <DIV><FONT color=#000000 size=2>All,</FONT></DIV>
        <DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp;&nbsp; I sure was 
        wrong about that clear sailing to the top of the Horizontal Channel, 
        looks like the DJI will test the bottom instead &lt;G&gt;.&nbsp; All my 
        open positions closed below their stops today, so I'll close everything 
        tomorrow with one possible exception.&nbsp; DELL did break through the 
        bottom of the short term up trend channel but is now close to the bottom 
        of the intermediate term channel.&nbsp; If it opens up tomorrow and 
        looks like it's trying&nbsp; to turn, I may hold on to it.&nbsp; On the 
        other hand, I don't want to let a profit get away 
&lt;G&gt;.</FONT></DIV>
        <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
        <DIV><FONT color=#000000 
size=2>Jim</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Oct 02 14:05:36 1998
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From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Buy Signal
Date: Fri, 2 Oct 1998 15:20:15 -0400
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<DIV><FONT color=#000000 size=2>Guy,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; 
Sure looks like it turned and the DJI 7500 level held once more.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Jim</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Guy Tann &lt;<A 
    href="mailto:grtann@xxxxxxxxxxx";>grtann@xxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>Metastock &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Friday, October 02, 1998 9:45 AM<BR><B>Subject: </B>Buy 
    Signal<BR><BR></DIV></FONT>Jim<BR><BR>Well, here we go again.&nbsp; Got a 
    Buy signal for this AM, 
FWIW.<BR><BR>Regards<BR><BR>Guy<BR></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Oct 02 16:17:28 1998
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Date: Fri, 2 Oct 1998 15:51:38 -0500 (EST)
To: metastock@xxxxxxxxxxxxx, Roland Beauregard <beau@xxxxxxxxxxxx>
Subject: Re: Exploring for divergence
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Roland Beauregard writes:

> Just wondering if anyone has a way to scan for divergence in an
> exploration.  I am trying to scan for divergence between price and an
> indicator eg.  stochastics.
> 
> For example, compare the values of the current price and previous
> low/high and and current stochastics and stochastics at the time of
> the previous high/low in the price.
> 
> Any help with the formula for this would be much apreciated.  Thanks

I did something like this a ways back in Super Charts, though with A/D.
I imagine the same sort of thing would work here.

I'm going from memory here, so please excuse the inevitable mistakes.

If I understand you correctly, what you're really asking for is "If the
stoch() hit a new high in the last N days, but the High did not".  Given
that, you could use something like:  (this might be a "condition" in an
expert, or a 0/1 plot in a custom function)

N := 10;
Sto := Stoch(8, 3);

{ Stochastic hit a new high...}
(Sto >= hhv(sto, N)) AND
{ ... but high didn't }
(H < hhv(H, N))


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