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> The different time frame is not too difficult to solve because I could refer
> to weekly dates by just selecting fridays for example. Alternatively I could
> multiply the indicators by 5 to get some kind of weekly data.
You must be aware of a few hic-ups. It will be an "alternative" weekly, but
that's too were it's starts and ends when comparing it to an "origianal" weekly.
A weekly will use the Monday Open, that week's High and Low and Friday's
Close. If it is also a full bourse/exchange week. Should Friday be a holiday,
the Thursday's Close value will be used.
A daily will use Friday's OHLC data ONLY, and that THEN ALSO multiplied by 5.
That calculation will plot an "ugly" alternative and compltely different valued weekly
alternative.
To see this on Chart, plot a custom standard Stoch 5,3,3 {times 5} on a Daily and
the default on a Weekly Chart. The Weekly will be a smooth line, and now for the
Alternative..................................
Being aware of the above short commings, then for creation of your SysTest you
are at least "warned well upfront for any misleading outcomes, resulting from it".
> The idea behind is to determine the trend with the MACD-Histogramm
> (i.e. the difference between the MACD and its moving average) on weekly data:
Again, here you will find difficulties later on in your formula life, since that the
indicator you refer to is known as the Momentum(MACD) indicator
(MACD Indicator minus {or divided} by a MovAve of that MACD Indicator)
DATA ARRAY{indicator} - { / } Mov(DATA ARRAY{indicator}, Periods, Method).
Rewritten, that then would make it at most the MACD-Momentum indicator.
Histogram <by design> is a figurative pattern only: the Up-Down horizontaly
created stripes {& strokes} was invented by the ancient Egyptians and imported
in their mathematics by the Romans, eg caluclating 4 bars and another diagonal
to make it 5{= 5 fingers on 1 hand}, they've had managed to put in writing what
prices they were negotiating or how many items were selling or in the inventory.
Use of its name for an indicator is straight out confusing and not covering the
workload nor is it to the point, and most of all misleading.
It neither has any scientific informative nor any computable {calculation} input
values, eg it is only a bare pattern drawn plot style <BARS> and therefore it
can never refere {or relate} to an indicator calculation.
It is therefore also not advisable to use that name, while its indicating, refering
to and meaning other complete differend styled & calculated indicators.
At most it can thus be used for the display-presentation style of an indicator plot.
Formula wise, the histogram plot you refer to, or any other Indicator's histogram
is thus also only merely a formula's presentation part of your indicator, not a
formula's calculation part.
One day too, MSK will alow you to assign, in a Formula script, the indicator's
plot-styles: eg
1=Line, 2=Dotted, 3=Dashed, 4=Double Dashed, 5=Histogram and 6=Invisable.
Get crackin' at the Momentum(MACD) and "some oszillator(s), e.g. Williams %R
or Stochastics or RSI or what else".
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Original Message -----
From: "Bodo Brochterbeck" <Minotaurus007@xxxxxxx>
To: <ms-irb@xxxxxxxxx>; <metastock@xxxxxxxxxxxxx>
Sent: zondag 13 augustus 2000 9:15
Subject: System Tester with multiple stocks and time frames
Hi Ton,
Thank you very much for your mail to the list. Obviously it is possible in your oppinion to mix different stocks and indices for
testing. E.g. SP 500 and Microsoft.
The different time frame is not too difficult to solve because I could refer to weekly dates by just selecting fridays for example.
Alternatively I could multiply the indicators by 5 to get some kind of weekly data.
The idea behind is to determine the trend with the MACD-Histogramm (i.e. the difference between the MACD and its moving average) on
weekly data:
general trend
MACD Histo SP500
MACD Histo DJIA
MACD Histo NASDAQ
specific trend
MACD Histo stock, e.g. Microsoft
Perhaps I could put it all together with some weights, which would be clear candidates for optimization. On daily data, if there is
a weekly uptrend, I want to find enty points to go long with some oszillator(s), e.g. Williams %R or Stochastics or RSI or what
else:
Williams %R on Microsoft
And then some stop rules or vice versa for shorting. I'll check your advice out.
--
Thanks again for your help!!
Bodo
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