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Lionel:
I can help with explanations of the Reaction() function and other associated
functions in the formula language.
The functionality exist in the formula language ONLY and are not implemented
as standard, built-in indicators. In order to access their capabilities,
you must write a custom indicator or other formula-based calculation that
calls the appropriate function. These functions are used mainly for a type
of pattern similar to the functions used for candlestick patterns. The
candlestick pattern functionality can also only be accessed through formula
functions and not as standard, built-in indicators.
Specifically, the following functions are related to the Reaction()
function:
Reaction()
ReactionWithVol()
Rally()
RallyWithVol()
Inside()
Outside()
The user's manual attempts to describe the functionality of these functions,
but we recently identified the fact that the user's manual did not correctly
define how they work. A correct explanation for these functions follows:
Reaction() : Identifies a "reaction day". A reaction day occurs if the
current bar's high is less than or equal to the previous rally or reaction
day's high AND the current bar's low is less than the previous rally or
reaction day's low.
ReactionWithVol() : Identifies a "reaction with volume day". This occurs if
the current bar is identified as a reaction day AND the volume for the
current bar is greater than the volume for the previous rally or reaction
day.
Rally() : Identifies a "rally day". A rally day occurs if the current bar's
high is greater than the previous rally or reaction day's high AND the
current bar's low is greater than or equal to the previous rally or reaction
day's low.
RallyWithVol() : Identifies a "rally with volume day". This occurs if the
current bar is identified as a rally day AND the volume for the current bar
is greater than the volume for the previous rally or reaction day.
Inside() : Identifies an "inside day". This occurs if the current bar's
high is less than or equal to the high for the previous rally or reaction
day AND the current bar's low is greater than or equal to the previous rally
or reaction day's low.
Outside() : Identifies an "outside day". This occurs if the current bar's
high is greater than the high for the previous rally or reaction day AND the
current bar's low is less than the previous rally or reaction day's low.
Ken Hunt
Programming Manager
Equis International
-----Original Message-----
From: Lionel Issen [mailto:lissen@xxxxxxxxx]
Sent: Wednesday, September 27, 2000 12:26 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: reaction and reaction with volume [SUP2000092400000036]
Ken:
There seems to be poor communication here. Equis mentions several items in
the manual and in the on-line help. There does not appear to be any way to
access them, and there is no explanation on their use.
I had originally asked about: Reaction() and Reactionwithvol(). This line
was removed from my original e-mail. I didn't notice this until I got your
reply.
I had asked if there were any other items that while mentioned in the manual
and the on-line help system, were not otherwise described nor listed in the
formula, indicator, nor described in "Interpretation of Indicators and Line
Studies", which starts on page 429 .
Georges response also mentioned: Inside(), Outside(), Rally(),
Rallywithvol(). So there are at least 6 functions that are not described or
properly listed. When I asked for information, George claimed "proprietary
cant tell you anything". If Equis is claiming "propriety information", why
mention them at all in the manual and in the on-line help?
1. How can I access them if they are in the program somewhere?
2. What other indicators are mentioned in the manual but aren't in the
program?
3. Do I have a defective copy of V 7.02?
4. Who is/are the author(s) of these proprietary features and what is/are
their web site addresses or snail mail addresses?
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: "PD Manager" <pdmanager@xxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, September 27, 2000 9:59 AM
Subject: RE: reaction and reaction with volume [SUP2000092400000036]
> Lionel:
>
> Exactly which two indicators are you asking about?
>
> Ken Hunt
> Programming Manager
> Equis International
>
>
> -----Original Message-----
> From: Lionel Issen [mailto:lissen@xxxxxxxxx]
> Sent: Tuesday, September 26, 2000 8:10 PM
> To: support@xxxxxxxxx
> Cc: metastock@xxxxxxxxxxxxx
> Subject: Re: reaction and reaction with volume [SUP2000092400000036]
>
>
> this is a copy of an exchange I had with tech support.
>
> You have not responded to my question. Please reread it. How do I access
> them? If you don't want the user to know anything about them, why are they
> mentioned in the manual and in the on-line help system?
>
> It doesn't matter that these are proprietary, they should be in the
> indicator, systems, and explorations lists. Nor does "proprietary"
restrict
> you or anyone else from providing information on their use and
applicability
> that came from open sources! Check with your legal department!
>
> Who are the authors of these "proprietary" items? What are their web site
> addresses?
>
> This is one of the most narrow minded (mindless) bureaucratic things I've
> heard this year.
> Lionel Issen
> lissen@xxxxxxxxx
> ----- Original Message -----
> From: <support@xxxxxxxxx>
> To: <lissen@xxxxxxxxx>
> Sent: Tuesday, September 26, 2000 8:34 PM
> Subject: RE: reaction and reaction with volume [SUP2000092400000036]
>
>
> > To enable us to provide more efficient support, use the "Reply" feature
in
> your email program when responding to this email. Please send unrelated
> issues in a new email.
> >
> > Your email was responded to by:
> > George
> > Equis Customer Support
> > http://www.equis.com
> >
> >
> > George's response is below the following line.
> > -----------------------------------------------------------------------
> >
> > These indicators are part of a proprietary canned trading system that
> > uses Inside(), Outside(), Rally(), Rallywithvol(), Reaction() and
> > Reactionwithvol(). That is all we can say about them.
> >
> > These formulas are copyrighted by the author so we legally prevented
> > from providing any information about their use.
> >
> > Basically if you own the authors proprietary system you are already
> > familiar with their use. If you do not own the system these indicators
> > will not be of any use to you.
> >
> >
> >
> >
> > Sender : lissen@xxxxxxxxx
> > Tracking Number : SUP200009240000003649529
> > Pool : Support - General
> > Sent to : <support@xxxxxxxxx>
> > Date : 9/24/00 9:35 AM
> > ---
> >
> > Page 262 of the Metastock V7 manual and the online help system list
> > these 2
> > built in indicators. They are not described in "Interpretation of
> > Indicators
> > and Line Studies", which starts on page 429.
> >
> > Neither the indicator list nor the formula builder list show them.
> >
> > 1. How can I access them if they are in fact in the program somewhere?
> > 2. What other indicators are mentioned in the manual but aren't in the
> > program?
> > 3. Do I have a defective copy of V 7.02?
> >
> >
> > Lionel Issen
> > lissen@xxxxxxxxx
> > "MetaStock, Equis, OptionScope, and QuoteCenter are registered
trademarks
> of Equis International. Achelis Binary Wave, The DownLoader, Expert
> Advisor, The Explorer, Visual Control, and Smart Charts are trademarks of
> Equis International."
> >
> >
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