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<DIV><FONT face=Arial size=3>I was reading in Perry Kaufman's latest book and he
described a</FONT></DIV>
<DIV><FONT face=Arial size=3>little oscillator he called "Body Momentum". This
simply </FONT></DIV>
<DIV><FONT face=Arial size=3>calculates the momentum of the Closes above the
opens</FONT></DIV>
<DIV><FONT face=Arial size=3>versus the closes below the opens. The theory is
that as prices</FONT></DIV>
<DIV><FONT face=Arial>move up, closing prices will be higher than opening prices
and </FONT></DIV>
<DIV><FONT face=Arial>vice-versa for down. If this oscillator is above 70 then
the whites</FONT></DIV>
<DIV><FONT face=Arial>(Candle-sticks) dominate and below 30 the blacks are
dominant.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>I also added a 3 day moving average to the calculation
(for smoothing).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Here is the code:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Lb:=Input("Look-Back Period?",3,60,14);<BR>B:=CLOSE -
OPEN;<BR>Bup:= Sum(B > 0, Lb);<BR>Bdn:= Sum(B < 0,
Lb);<BR>BM:=(Bup/(Bup+Bdn))*100;<BR>Mov(Bm,3,S)</FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial size=2><BR> Best
wishes,<BR> Adam Hefner.<BR><A
href="mailto:VonHef@xxxxxxxxxxxxx";>VonHef@xxxxxxxxxxxxx</A> </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2>---------------------------------------</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Jun 23 08:08:44 1999
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From: "VonHef" <VonHef@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
References: <03015523449771@xxxxxxxxxxxx>
Subject: Re: StoRSI S&P Tracker
Date: Tue, 22 Jun 1999 22:23:40 -0500
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<DIV><FONT face=Arial size=3>Steve, Guy and Jim,</FONT></DIV>
<DIV><FONT face=Arial size=3> I had also come to the same conclusion of the
S&P.</FONT></DIV>
<DIV><FONT face=Arial size=3><FONT face=Arial size=3>Looking at the S&P
tonight (Tuesday), If I was long...I would probably take some profits on the
open:</FONT></DIV>
<DIV><FONT face=Arial size=3> 1. The Stoch-RSI has turned down from
yesterday.</FONT></DIV>
<DIV><FONT face=Arial size=3> 2. The StTO(Short-term Trend Oscillator) has
tapered-off the last two days.</FONT></DIV>
<DIV><FONT face=Arial size=3> 3. We are at a possible resistance area (I
had been projecting a 1370 level, but......).</FONT></DIV>
<DIV><FONT face=Arial> </FONT></DIV>
<DIV></FONT><IMG align=baseline alt="" border=0 hspace=0
src="cid:011a01bebd27$ca243fa0$beacfad0@xxxxxxx";></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial size=3>Later,</FONT></DIV>
<DIV><FONT face=Arial size=3> Adam</FONT></DIV>
<DIV><FONT face=Arial size=3></FONT> </DIV>
<DIV><FONT face=Arial size=3>----- Original Message ----- </FONT></DIV>
<DIV><FONT face=Arial size=2>From: Steve Karnish <<A
href="mailto:kernish@xxxxxxxxxxxx";>kernish@xxxxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT face=Arial size=2>To: <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT face=Arial size=2>Sent: Tuesday, June 22, 1999 9:59 PM</FONT></DIV>
<DIV><FONT face=Arial size=2>Subject: StoRSI S&P Tracker</FONT></DIV>
<DIV><BR></DIV><FONT face=Arial size=2>> Guy and Jim,<BR>> <BR>> For
what it's worth: my S&P StochasticRSI System triggered a sell on<BR>>
yesterday's opening. Not the holy grail, but a fairly consistent
money<BR>> maker (if you can stand the holes drilled in your account by
the<BR>> drawdowns). For the past year it's delivered about 75% of the
time. You<BR>> people scare me...I'd rather stick to more orderly
markets like cocoa and<BR>> sugar.<BR>> <BR>> Steve Karnish<BR>>
CCT</FONT></BODY></HTML>
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