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Richard Estes wrote:
<P>>Thank you for the reply. the speed, the ability to run many programs,
and the system test
<BR>>aspects sound good.
<P>>But you completely lost me as ever thinking about using it with present
vendor. Since my
<BR>>universe is all stocks, I want that data collected in a historical
manner. A one day bit
<BR>>wouldn't meet my needs. How could one system test? or explore?
how could he determine
<BR>>S/R? I haven't found the outside tick data source for all stocks
nor would I pay for it.
<P>Richard,
<P>While <U>Signal OnLine</U> charts don't have any intra-day data other
than the current day (at least not that I'm aware of), if you're collecting
real time quotes with <U>MSPro</U> all data is saved on your hard drive.
You should be able to collect data for your 250 charts w/o problems.
Once you have enough data you can test your brains out. Even if you
don't have much historical data, as soon as you collect the minimum amount
that your indicators/method require, you can trade your tried and proven
method.
<BR>Maybe I don't understand by what you mean when you say "I want that
data collected in a historical manner." Any rt data stored on your
HD is historical. As an example, after 20 trading days you'll have
about 1560 bars of 5 minute intra-day data for the stock market for each
issue. That's a lot of bars when you consider that on a daily chart
it would be equivalent to more than 6 years of data @ about 250 bars per
year. After only a couple of days you'll have enough data for s/r
levels, unless you're using longer lookback periods. If you already
have ASCII historical data stored on your computer, why can't you convert
it and import it to 6.51 and run your tests? I don't know who sells
intra-day stock data, but I'm not opposed to buying data if it's the only
way to get it when I need it. Just another cost of doing business.
<P>One of the reasons I bought MSPro is for plotting custom indicators,
running system tests, and especially having an Expert alert me, real time,
both audibly and visually when certain conditions that I define, using
Metastock language, are met. That means that I can be reading, etc.
and not watching every tick. I only have to be close enough to the
computer to hear an alert. A great stress reducer. I know alerts
are available with other vendors, but if they can't alert you to the same
conditions as Metastock can, then they're not as powerful.
<P>I would NOT want to trade using charts that have only today's data.
It's simply not acceptable to me. I always want to know where previous
s/r was, whether it occurred two hours ago or two days ago. But I
didn't sign up with Signal to use <I>their</I> charting software.
I signed up because they were the only game in town to provide real time
data for Metastock, which <U>does</U> allow me view previous s/r, hi/lo,
etc., whether it occurred yesterday or any preceding day that I have data
for. I don't know how many days of real time data you require displayed
to feel comfortable. I only need to have several. Anything
beyond that is ancient history for my needs. If I want to look back
further I'll pop my head out of the sub-world of intraday and look at dailys.
So all one would need is the minimum number of days that are required by
one's indicators and a proven method, and Metastock will generate the signals.
<P>If I had my druthers, I'd would <U>only</U> receive real time data.
I don't need Signal's charts, quote windows, tickers, detail windows, alerts,
etc., etc.. All I want is a data feed. No frills.
Cut the cost in half, without the frills, and I'll be one happy trader.
<P>>Glad you are seeing speed, I lived with signal off satellite and cable
for years. Speed big
<BR>>reason I left, and the charts were archaic simple ones. the lack of
integrated program in
<BR>>RT pro so that the elements of the vendor (news, time and sales, and
data fields) are
<BR>>present all the time without pulling up another program would restrict
me.
<P>I'd love to see a screen shot of the integrated program that you're
using. Sounds nice. Signal does have various user defined ticker
windows, "live" headlines, detail windows, time and sales, etc. that can
be displayed, but obviously it's a separate program. Would
it suit your needs to resize the Signal window to cover only a portion
of the left side of your screen while watching Metastock do its thing on
the right? Win98 and dual monitors?
<P>>I own the RT pro, keep praying that sweetheart deals weren't the only
vendors that it
<BR>>would have. It still comes down to that. But as you pointed
out, futures are different. From
<BR>>what I hear quote.com has a good internet delivery for them. So I
will keep it in box.
<P>Since you've already cut loose with $99, why not take it out of the
box and sign up with DBC for 30 days? If you don't like the service,
they'll refund your money, minus the exchange fees and S&H. What
do you have to lose? Exactly how much more will MSPro in an
unopened box bring, anyways?? <g>
<P>I'm not trying to convince you are anyone else to buy 6.51. I'm
a firm believer in doing what works for you, at the least expense, without
compromising quality. I'm just trying to answer a couple of questions,
time permiting, since very little has been said about the product on this
list. Of course, just because I say something certainly doesn't make
it so.
<P>>BTW: since you have historical data, how does a MACD(13,34,89) on a
5 min chart system
<BR>>test? even with futures.
<P>Haven't tried it. Anyone else? I'll have to see if I still
have the info. Maybe later in the week.
<P>Regards,
<BR>Ken
<BR>
<BR>
<BR>
<BR>
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Date: Sat, 17 Oct 1998 22:27:01 -0500
From: Craig DeHaan <cdehaan@xxxxxxxxxxxx>
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Subject: Re: Custom Indicators and Custom Colors
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Chris ß,
Bad news. If you want each of the three MAs (two for the MACD and one
as the trigger) displayed in unique colors you'll have to build them
from scratch. There's no facility to preset or differentiate colors or
styles in custom indicators producing multiple outputs; this happens
only in some of their prepackaged ones -- canned MACD, Aroon, Mesa
SineWave, and a few others.
I hadn't thought to chart each MA of the MACD. Seems it could get very
confusing once adding a combined trigger to the soup. Is that why you
coin it a "triple screen"? For me the resulting convergence/divergence
value of the MAs (hence the name) with a scaled threshold level or
another MA trigger crossover is clearer to understand. An alternative
3-way display method is the MACD (or OscP), its MA trigger, and a
histogram of their difference.
This could be done in different ways, like:
With the indicator pulldown, invoke 'Price Oscillator' and set the
desired parameters including color and style. Then pull a moving
average over the MACD (or OscP) for a desired trigger MA and select
another color or style. Finally create a custom formula of the
MACD-trigger difference and plot it scaled opposite hand in the same
window using a "histogram" line style and a third color.
Exploration, system test, and expert code references would be --
OscP(5,34,E,$) for MACD
[and more succinct than Mov(C,5,E)-Mov(C,34,E)]
Mov(OscP(5,34,E,$),9,E) for the trigger
OscP(8,17,E,$) - Mov(OscP(8,17,E,$),9,E) for the histogram of the MACD -
trigger difference
With this stereo representation its easier to sense the trend and, as
importantly, its context, be it above or below 0; trigger trend rising
or falling, etc.
The suggestion that MS add multiple color custom formula functions is an
excellent one. The piecemeal workarounds are too time consuming
compared to the programming that could eliminate it. A technicolor MACD
is relatively simple to rig. Widner's recent S&R formula is an example
of indistinguishable output when 12 S&R levels are simultaneously
displayed in one color. We'll see if Equis sharpens this anytime soon.
Craig
Christian Baude wrote:
>
> I would like to use a MACD using different Fast/Slow Moving Averages,
> and different exponential signal lines, eg 6/27 trig 9 days, etc., and
> create a "Triple Screen" of the various MACD.
>
> How can I have different colors for the lines? MACD and trigers are
> all the same color.
>
> Checked the manual, there is no "custom" color function for individual
> lines.
>
> Tried the following to no avail, all the same color.
>
> MACD (5/35/4) Histogram
>
> period1:=5;
> period2:=35;
> period3:=4;
> (Mov(C,period1,E) - Mov(C,period2,E))-(Mov((Mov(C,period1,E) -
> Mov(C,period2,E)),period3,E))
>
> What am I missing? Must I actually build each indicator in a window
> frame?
>
> -= Chris ß =-
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