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On Mon, 27 Dec 1999 14:43:49 -0800, Harvey Pearce wrote:
> There was a problem with this code and I posted a revision, but no
> longer have the original.
Harvey, this is what I found on this thread.
This is just from my systems library taken from the SIG.
Unfortunately, I did not delve into this particular system, so I have
nothing to add.
Again, all "caveat" apply to the archive below.
-= Chris ß =-
Using MetaStock/FastTrack/FastRUBE/FastTools/EZPnF/TC2000/PSM
===========================================
TTT-TREND TRAILING Indicator - Andrew Abraham {from TASC 9/1998 -
TRADING THE TRENDS}
Could have been called:
-STOP LOSS Indicator
-SUPPORT & RESISTANCE Indicator
-DYNAMIC SUPPORT & RESISTANCE Indicator
-BUY/SELL TRIGGER Indicator
-INVESTORS DREAM Indicator
-TRADING Indicator
fml("VOLAInd"): Mov(ATR(21),1,W)*3;
If(C>Ref(C,-21) AND C>fml("VOLAInd"),
HHV(H,21)-Ref(fml("VOLAInd"),-1), Ref(fml("VOLAInd"),-1)+LLV(L,21))
.or.
VOLAInd :=Mov(ATR(21),1,W)*3;
If(C>Ref(C,-21) AND C>VOLAInd, HHV(H,21)-Ref(VOLAInd,-1),
Ref(VOLAInd,-1)+LLV(L,21))
{CHANGE BAR COLORS: double click on the price plot in the chart, from
the Color/Style page
click the UP drop-list and choose darkblue for upwards, and red for
downward price changes}
From: Ian Burgoyne <iburgy@xxxxxxxxxx>
===============================
Name:
IFT - 48 Turnaround Line - Chick Goslin
Formula:
{based on ideas gotten from Chicks book - INTELLIGENT FUTURES TRADING,
published 1997 by Windsor Books, POBox 280, Brightwaters, NY 11718,
and published in TAM Dutch TA-magazine, Jun98}
MTMidM1:= Input("MidTerm periods MEDIAN price x-days ago", 1,1000,47);
MTMidM2:= Input("MidTerm periods MEDIAN price x-days ago", 1,1000,48);
MTMidSMO:= Input("ShortTerm SMOOTHING periods MEDIAN price",
1,1000,1);
Mov(
((Ref(MP(),-MTMidM1)/2.1)+
(Ref(MP(),-MTMidM2))/1.9),MTMidSMO,S)
{This indicator is copyrighted by Ton Maas -
Amsterdam - the Netherlands}
The Explorations:
Name: TTT - TRADE THE TREND
Formula:
{Short Term Filter}
C>fml( "TTT-TREND TRAILING Ind - Andrew Abraham")
{This indicator+exploration is copyrighted by Ton Maas - Amsterdam -
the Netherlands}
Name: IFT - INTELLIGENT FUTURES TRADING
Formula:
{Longer Term Filter}
C>fml( "IFT - 48 Turnaround Line - Chick Goslin")
{This indicator+exploration is copyrighted by Ton Maas - Amsterdam -
the Netherlands}
-For info on the
TTT-TREND TRAILING Ind - Andrew Abraham
check on my "Trade The Trend" mail to the List and its respective
TASC-article.
-For info on the
IFT - 48 Turnaround Line - Chick Goslin
check on my "Intelligent Futures Trading" mail to the List and its
respective Goslin-book.
As propriety holder any rights on these indicators and explorations
remain soly to the undersigned.
Use of these indicators and explorations are to and for the benifit of
Equis' Metastock users and as such its MetaStock WorldWide Users
List-members.
And Jim, hope its Short and Longer Term results will be of use to
"your+ MsList Trend indicator".
Give every plus one that is above the TTT-TREND TRAILING indicator a
double plus and every minus that is below the ind. a double minus(or
some workable factor extra value). This should then 'strengthen' any
of the up or down signaling. Will make it easier and faster for
reading too.
From: "A.J. Maas" <anthmaas@xxxxxx>
Equis Reply: The indicator itself, no system, based upon the article
is Mov(ATR(1),21,w) or you might want to just plot ATR(21) if you want
to use Wilders smoothing which the article does not discuss.
Maas Reply:
The author refers to the volatility indicator developed by Welles
Wilder to be the trailing trend indicator's base.
Thats where Wilders input to his indicator stops and where Andrew
starts to add his input :
The trailing trend indicator conditions and preferences (see below).
That's too why I did not name it as a Andrews (moving average
weighted) Volatility indicator, as that would have to be Wilders
volatility indicator, but as the trends trailing indicator mentioned
and named in the article and by its author.
Conditions and preferences for the Abrahams trend trailing indicator
mentioned in the article:
1.Let's say the market has been rising
2.Then the (Wilders) volatility indicator is calculated each day and
subtracted from the highest close during the rising market.
3. The highest close is always used, even if there has been a series
of lower closes since the highest close.
4. If the market closes below the volatility indicator, then for the
next day, the current reading of the volatility indicator is added to
the lowest close.
5.This step is followed each day until the market closes above the
trailing volatility indicator.
6.We now have a definition of the trend. An upward trend exists as
long as the volatility indicator is below the market
7.A downtrend is in force if the volatility indicator is above the
market.
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