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Walter:
Re last paragraph of your posting:
What is the Hurst explicative?
How does one tell when indicators are fading in and out of effectiveness?
I am no a statistician, and I feel that your statistical references are
suitable for those with PhDs in statistics. No offense meant,but can you
suggest something a bit less intimidating
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: Walter Lake <wlake@xxxxxxxxx>
To: Metastock bulletin board <metastock@xxxxxxxxxxxxx>
Sent: Saturday, March 18, 2000 7:48 PM
Subject: computers
> Thanks for your emails
>
> Here's an email from the guy who wrote the TOPS program.
>
> >Thanks for your Interest in Optimizer.
> >
> >The Demo in http://pages.infinit.net/xltops/ contains now the
> >ARIMEX option .
> >It does all the univariate Box-Jenkins ARIMA models processing
> >i.e. Identification, Estimation and Forecasting based on your
> >data selected.
> >Details on the approach can be found in the Box-Jenkins book cited
> >in reference.
> >This site among others :
> >http://www.itl.nist.gov/div898/handbook/pmc/section4/pmc445.htm
> >gives a good overview of the process.
>
> Just keep clicking on anything in blue and save to file. A complete file
> will emerge from an engineering point of view. Very clear and concise
> description. ARIMA is linear as is GARCH (see Demetra).
>
> Re financial economics, i.e. price data, Metastock is linear analysis so
be
> careful. The data is unexamined as a start. One of the traders that I know
> uses the Hurst explicative to watch how Metastock indicators fade in and
out
> of effectiveness. H is computationally intensive but worth the effort. The
H
> P&L is still proprietary, I don't know anyone who has it.
>
> Best regards
>
> Walter
>
>
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