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Have applied your version of FibCMO to a few securities and so far it looks
good...thanks for the code Bob.
Ian Burgoyne
>From: "Bob Jagow" <bjagow@xxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: RE: FibCMO
>Date: Fri, 17 Mar 2000 13:00:39 -0800
>
>Ken,
> It's the composite CMO discussed in Chandre's book [see p110+]
> Chandre showed that the average of 3 CMOs approximates a
>volatility-based
>CMO; he suggested periods of 5,10,20.
> Steve's FibCMO uses 3,5,8 [among others?] and optimized buy/sell levels.
> I've pasted my MS version below.
>Bob
>----
>num1:=Sum(ROC(C,1,$),3);
>den1:=Sum(Abs(ROC(C,1,$)),3);
>CMO1:=num1/(den1 + .00001);
>num2:=Sum(ROC(C,1,$),5);
>den2:=Sum(Abs(ROC(C,1,$)),5);
>CMO2:=num2/(den2 + .00001);
>num3:=Sum(ROC(C,1,$),8);
>den3:=Sum(Abs(ROC(C,1,$)),8);
>CMO3:=num3/(den3 + .00001);
>100*(CMO1 + CMO2 + CMO3)/3; -20; 60;
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx
>[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Kenneth Adams
>Sent: Friday, March 17, 2000 11:54 AM
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: FibCMO
>
>
>What is a FibCMO? Please and thanks. Ken
>
>John Manasco wrote:
>
> > For Steve Karnish
> >
> > Hi Steve,
> >
> > I've been using your FibCMO to trade options on the QQQ for some time
>now
> > and just wanted to say it's doing great. I put the buy line at -50 and
>it
> > has been deadly accurate generating buy signals. The top line has been
>kinda
> > iffy on generating sell signals but I'm working on refining that too.
>Went
> > long Apr 206 calls yesterday and closed half at 216 for a good profit.
>The
> > other half are now pretty cheap so I'll ride them for awhile.
> >
> > Thanks again for a great indicator.
> >
> > John Manasco
> >
> > PS: Tomorrow is the annual St. Patty's day pub crawl and the aircraft
> > carrier George Washington just pulled in and will be dumping 3500
>sailors
>on
> > the streets. Bet most of them will be green by nightfall too!
>
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