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Hello Yngvi ,
I find your indicator very interesting, perhaps (If you dont mind) would you
share
the strategy in using this indicator? I plotted it with the ADX and noticed
that when
ADX is below 20 or ADX is declining (which indicates no or falling trend)
that your
indicator plotted "-1". When a trend broke out, yours showed a "0" or
"+1"......
what does the value "0" represent? Thanks for sharing!
Best wishes,
Adam Hefner.
e-mail: VonHef@xxxxxxxxxx
_____________________
-----Original Message-----
From: Yngvi Hardarson <hardy@xxxxxxxxxx>
To: Metastock list <metastock@xxxxxxxxxxxxx>
Date: Saturday, December 19, 1998 4:17 AM
Subject: Ruggiero's Trend Mode Rules
>Hi All!
>
>Has anybody experimented with Ruggieros Trend mode identification strategy
>as described in table 4.9 in his Cybernetic Trading Strategies book?
>
>Below I have made an attempt to write down an indicator supposed to employ
>his rules.
>
>periods:=Input("Periods?",1,63,14);
>If((ADX(periods)>25 AND (BarsSince(Cross(45,ADX(periods))) >
>BarsSince(Cross(ADX(periods),25)))) OR (ADX(periods) > 10 AND
>Ref(ADX(periods),-4)<10 AND (ADX(periods)-Ref(ADX(periods),-5)>0)), 1,
>If(ADX(periods)<20 OR ((BarsSince(Cross(45,ADX(periods))) <
>BarsSince(Cross(ADX(periods),25))) AND ADX(periods) < 45),-1,0))
>
>
>Comments or suggestions anybody?
>
>Regards,
>Yngvi
>
>
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