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Hope this old mail will provide the required necessities.
The system uses the "static" Standard Deviation and the
very "dynamic" RSI as its base for calculating and to temper
the "floating" OB/OS lines.
Have not got around to work with a Linear Regression
version of the system, as a possible substitute for the SD,
but the system as it is will give you the better entries for
the very Short Term OB/OS zones very well and a lot faster
then standard RSI(or any indicator).
Tho, I still use the standard RSI as my right-hand when charting,
as it is a very trustworthy indicator(much like the CMO) on most
tickers and as trickers, for divergences and pinning extremes.
Regards,
Ton Maas
ms-irb@xxxxxx
----- Original Message -----
From: Chuck Wemlinger
To: metastock@xxxxxxxxxxxxx
Sent: dinsdag 16 februari 1999 21:17
Subject: Dynamic Zones
List,
An article in the July 1997 TASC entitled "Dynamic Zones" by Zamansky and Stendahl outlines the idea for dynamic buy/sell zones
for oscillator driven systems. This is a very interesting approach to the problem of fixed buy/sell zones especially in changes of
volatility and trend. The article did not spell out any code for this method (refer to letter to editor in Sept 97 issue). It is
based on statistics. Since I am somewhat daunted by statistical math, and before I wrack my brain (ouch) to figure it out- Has
anyone already worked out some MS code for this. I'd love to see it if you have.
Regards,
Chuck
----- Original Message -----
From: A.J. Maas <anthmaas@xxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: donderdag 4 juni 1998 8:30
Subject: Re: Metastock indicator code for dynamic zone indicator
>Futher below find a copy of the original Dynamic Zones written for MetaStock (Great Tools!!!).
>Below the rewritten RSI-DZ2 from SC/TS. Attached zip contains import-formulas!!.
>
>Manualy : in the MSwin-Indicator Builder make 5 separate indicators, one by one,
>then copy for each the right "name" and its "formulas+notes" to their rightious
>fields, and save. Then in MSwin, open a chart, drop all in same (inner) window,
>rightclick on one of them for "properties" and add "50" as value for horizontal line, press ok.
>
>Chart's notes:
>Middle chart consist of the natural Horizontal Straight Support & Resistance (HSS+HSR) levels
>and the natural Trend Straight Support & Resistance lines(TSS+TSR). All idealy for "get-in and
>get-out" use; trading. Unfortunatly no formulas have been written for the S&R levels.
>Top-inner-window is RSI-9 and bottom-inner-window is RSI-14, the zones have RSI-9 as underlay.
>Combined........................see GIF for results, view just "some" of the AEX-index history when it was
>moving sideways(past 4 years) and slowly building up for the 1993/94 1st Elliot Wave-rally.
>
>Additional:
>For sturdy-concrete HSS&HSR-levels any of the dynamic "moving" are not suited, as they drift away.
>Read up on the Bollinger Bands for interpretation of the narrowing and widening of the zones.
>
>Regards,
>Ton Maas
>Ms-IRB@xxxxxxxxx
>
>-----------------------------------------------------------------------------------------------
>-----------//---------------////-------------------///////-------------------//////////------------
>-----------------------------------------------------------------------------------------------
>
>SC/TS-RSI-DZ2 for Metastock
>name : RSI-DynZon MidBand
>formula : Mov( RSI(9),70,S)
>name : RSI-DynZon HighBand-Outer
>formula : Mov( RSI(9),70,S)+(2.5*Stdev( Mov( RSI(9),1,S),70))
>name : RSI-DynZon HighBand-Inner
>formula : Mov( RSI(9),70,S)+Stdev( Mov( RSI(9),1,S),70)
>name : RSI-DynZon LowBand-Outer
>formula : Mov( RSI(9),70,S)-(2.5*Stdev( Mov( RSI(9),1,S),70))
>name : RSI-DynZon LowBand-Inner
>formula : Mov( RSI(9),70,S)-Stdev( Mov( RSI(9),1,S),70)
>notes : {Horizontal lines at 50(30,70); Buy/Sell rules for system :
> If RSI(9) Crosses Over LowBand-Outer Then Buy on Close;
> If RSI(9) Crosses Under HighBand-Outer Then Sell on Close;
> If RSI(9) Crosses Under LowBand-Outer Then ExitLong on Close;
> If RSI(9) Crosses Over HighBand-Outer Then ExitShort on Close;
> Orig. publ. p27-summer '98 issue of Omega Research Magazine}
>
>========================================================
>-------//-------------------////------------------///////---------------------//////////////--------------
>========================================================
>
>These are the original standard Dynamic Zones well to be used on any indicator
>incl. Price(C) , these will then give the Dynamic Support & Resistance Zones.
>
>----------------------------------------------------------------------------------------------------
>DYNAMIC OB/OS ZONES - Jan van Gemeren
>as published in Dutch TAM-magazine No.4 page 14(Sep97)-Triple Assets
>E-mail:Triple.Assets@xxxxxxxxxxxx
>(for the use in Metastock rewritten by Ton Maas-Amsterdam-NL980106)
>Ms-IRB@xxxxxxxxx
>----------------------------------------------------------------------------------------------------
>
>Description:
>Used with a signaling ob/os indicator, the level-binded "standard
>deviation" values are replaced by dynamic "floating" levels. The
>general problem of having to use the ankered values in a rising,
>sideways or falling trend are now overcome with optimized
>trend-following ob/os zones.
>This indicator comes as a 5 piece-set to form, along with its
>"underlaying", one inner window.
>
>In Metastock 6.x
>
>Indicator(1-5):
>----------
>1.Name : +1 Dynamic OB/OS Zones - top
> formula : {dynamics inner zone - deviation 1 - top}
> Mov( RSI(14),200,S)+Stdev( Mov( RSI(14),1,S),200)
>2.Name : -1 Dynamic OB/OS Zones - bottom
> formula : {dynamics inner zone - deviation 1 - bottom}
> Mov( RSI(14),200,S)-Stdev( Mov( RSI(14),1,S),200)
>3.Name : +1.5 Dynamic OB/OS Zones - top
> formula : {dynamics outer zone -deviation1.5 - top}
> Mov( RSI(14),200,S)+(1.5*Stdev( Mov( RSI(14),1,S),200))
>4.Name : -1.5 Dynamic OB/OS Zones - bottom
> formula : {dynamics outer zone - deviation 1.5 - bottom}
> Mov( RSI(14),200,S)-(1.5*Stdev( Mov( RSI(14),1,S),200))
>5.Name : +0 +0 Dynamic OB/OS Zones
> formula : {dynamics "50" level}
> Mov( RSI(14),200,S)
>
>NOTE: Above formula uses RSI for basics, but it can also be used with
>any other overbought/oversold indicator.
>
>
>===//===========/////============//////=============///////////=======
>------------------------------------------------------------------------------------------------------
>===//===========/////============//////=============///////////=======
>
>-----Oorspronkelijk bericht-----
>Van: Anil Chugani <achugani@xxxxxxxxxxxxxxxx>
>Aan: metastock users group <metastock-list@xxxxxxxxxxxxx>
>Datum: woensdag 3 juni 1998 12:39
>Onderwerp: Metastock indicator code for dynamic zone indicator
>
>
>>Is it possible to create the dynamic zone indicator in metastock ver 6.5?
>>
>>If anybody does have the code I would appreciate very much if you could let
>>me know.
>>
>>The Easy Language code for Tradestation & SuperChart is reproduced below and
>>is taken from page 27 of the summer '98 issue of Omega Research Magazine.
>>
>>RSI-DZ2
>>Inputs:PriRSI(Close), LenRSI(9), LookBack(70), StD(2.5), Smooth(1);
>>Vars: MidBand(0), HighBand(0), LowBand(0);
>>MidBand=Average(RSI(PriRSI, LenRSI), LookBack);
>>HighBand=MidBand+StdDev(RSI(PriRSI, LenRSI), LookBack) * StD;
>>HighBand=Average(HighBand, Smooth);
>>LowBand=MidBand-StdDev(RSI(Pri(RSI,LenRSI), LookBack) * StD;
>>LowBand=Average(LowBand, Smooth);
>>
>>Buy/Sell rules for system
>>If RSI(PriRSI, LenRSI) Crosses Over LowBand Then Buy on Close;
>>If RSI(PriRSI, LenRSI) Crosses Under HighBand Then Sell on Close;
>>If RSI(PriRSI, LenRSI) Crosses Under LowBand Then ExitLong on Close;
>>If RSI(PriRSI, LenRSI) Crosses Over HighBand Then ExitShort on Close:
>
>
Attachment Converted: "c:\eudora\attach\Ms65-DynZonRSI1.zip"
Attachment Converted: "c:\eudora\attach\DynRSI-S&R1.gif"
Attachment Converted: "c:\eudora\attach\DynaZones.mwt"
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