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Steve:
Thanks for the quick response. I'll follow up on this
Lionel
-----Original Message-----
From: Michael Robb <mrobb@xxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, April 11, 1999 2:14 PM
Subject: Re: SMI and TSI
>Steve:
>
>Would you be willing to express SMI and TSI forumulae in English, for
>me...so I can get a better grasp of what the functions are going to do?
>
>Thank you.
>
>M.R.
>
>-----Original Message-----
>From: Steve Karnish <kernish@xxxxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Sunday, April 11, 1999 1:49 PM
>Subject: Re: CMO & Cocoa
>
>
>>Lionel,
>>
>>Stochastic Momentum Indicator:
>>
>>{Appeared in the January 93 issue of Stocks & Commodities magazine}
>>
>>100 * ( Mov( Mov(C - (.5 * ( HHV(H,13) + LLV(L,13))),25,E),2,E) /
(.5*Mov(
>>Mov( HHV(H,13) - LLV(L,13),25,E),2,E)))
>>
>>True Strength Index:
>>
>>{Appeared in the January 93 issue of Stocks & Commodities magazine}
>>
>>100 * ( Mov( Mov( ROC(C,1,$),25,E),13,E) / Mov( Mov( Abs(
>>ROC(C,1,$)),25,E),13,E))
>>
>>I combine the above with the linear regression formula (off the MetaStock
>>shelf). I substitute various fibonacci numbers in the formula and weight
>>each of the three parts. I believe that every investor should decide
which
>>variables suit their markets and trading temperament. Emphasizing one of
>>the formulas might cause the Kaleidoscope to be more sensitive to turns,
>>yet it might also make the indicator choppier. I strive for smooth, but
>>sensitive (a real 90's kind of guy).
>>
>>Steve Karnish
>>CCT
>>
>>
>>
>>----------
>>> From: Lionel and Gail Issen <lissen@xxxxxxxxxxxxxxxx>
>>> To: metastock@xxxxxxxxxxxxx
>>> Subject: Re: CMO & Cocoa
>>> Date: Sunday, April 11, 1999 5:30 AM
>>>
>>> What do y ou mean by "SMI" and "TSI".
>>>
>>> Lionel
>>>
>>> -----Original Message-----
>>> From: rudolf stricker <rst@xxxxxxxxxxx>
>>> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>>> Date: Sunday, April 11, 1999 7:00 AM
>>> Subject: Re: CMO & Cocoa
>>>
>>>
>>> >
>>> >Steve,
>>> >
>>> >On Sat, 10 Apr 1999 08:34:32 -0700, you wrote:
>>> >
>>> >> I use a combination of LinReg, SMI, & TSI
>>> >>(Kaleidoscope) for the most of my studies.
>>> >
>>> >Do you use those indicators in a special unique combination, or do you
>>> >calculate them separately and combine them e.g. by a kind of "binary
>>> >waves" ?
>>> >
>>> >>As for the CMO and cocoa: one
>>> >>look at the "perfectly" structured downtrend and one can discern that
>>the
>>> >>parameters (variable periods and trigger levels) would not produce
the
>>> same
>>> >>results if cocoa starts to trade above it's current channel.
>>> >[...]
>>> >>All one really has to do to take advantage of the cocoa downtrend (or
>>any
>>> >>trend), is to sell against the 13 day moving average put a stop in at
>>the
>>> >>34 day moving average. It would have resulted in a successful trade
>>the
>>> >>last 20+ times in cocoa.
>>> >
>>> >This might work for cocoa (but not for e.g. my DAX trading). BTW: Do
>>> >you have any special "insider" know-how about cocoa to get an idea,
>>> >when special trends or patterns will be active? Imo, this would be
>>> >necessary to use successfully any "special trend" model.
>>> >
>>> >> I don't buy into the
>>> >>suggestions that one must be able to back test a system for 5 years
>>with
>>> >>various samplings to validate an approach.
>>> >[...]
>>> >>The markets are dynamic. To think that a universally applied
approach
>>> >>(mechanical) would consistently work on a commodity or many
commodities
>>> is
>>> >>not a very good premise to trade by.
>>> >
>>> >This is ok for me, especially, if you have special know-how about the
>>> >market under consideration to understand & identify the reasons for
>>> >special trends to be active.
>>> >
>>> >But because I don't have any special knowledge about the market
>>> >mechanisms for any special products, I concentrate on the most general
>>> >"product" , i.e. the DAX, and I try to anticipate its option prices
>>> >based on historical data of the DAX, its sentiments, and some
>>> >macro-economical aspects. And because I have a background in
>>> >"identification & re-use of know-how, based on example", I'm quite
>>> >successful up to now.
>>> >
>>> >>Nothing last forever, but in the meantime, until cocoa demonstrates
>>that
>>> it
>>> >>wants to trade out of it's channel, I will continue to take the
signals
>>> >>that this little secular system provides.
>>> >
>>> >Do you know about any other products around, that have strong trends
>>> >on a regular basis like cocoa and about the reasons for this behavior?
>>> >
>>> >Happy & successful trades!
>>> >mfg rudolf stricker
>>> >| Disclaimer: The views of this user are strictly his own.
>>
>
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