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Glen,
Interesting stuff! I'd be most interested in recieving your code!
Despite a substancial number of requests - I believe -
would you be so kind as to send it to me?
Sure, any findings will be shared with the listees.
Thanks a lot!
Best regards,
Staffan Schultze
Glen Wallace skrev:
> Several months ago I adapted the Recursive Moving Trendline system described
> in the Dec98 issue of Technical Analysis of Stocks & Commodities to a
> MetaStock system. I don't recall if anyone has posted the code and I have
> been meaning to bring it up. In any case, I would be happy to share it if
> anyone is interested.
>
> The system is basically a moving average crossover system used to identify
> changes in trends. It compares a Recursive Moving Trendline (which attempts
> to predict tomorrow's price using an exponential moving average slope
> calculation) to an Exponential Moving Average of the price plot. A
> crossover of the two lines triggers a buy or sell signal. It might make a
> useful addition for those who use a linear regression-based system.
>
> Overall, it seems to identify trends and trend changes quite well, though
> with the weak money management capabilities of MetaStock, it is difficult to
> fine tune the system to avoid whipsaws during retracements.
>
> I have attached a sample DJIA chart for the period from July to December.
> The green line is a 10-day RMT and the red is a 10-day EMA. In theory, one
> buys when the green line crosses over the red, and sells when red crosses
> over green.
>
> Let me know if you want to try it out. My only condition (aye, therein lies
> the rub) is that you share your insights and improvements -- particularly
> money management enhancements -- with the group.
>
> Regards.
>
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>
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