[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: McClellan Oscillator



PureBytes Links

Trading Reference Links

Hi.
Stock
Chart.com is a very good site to visit daily, I think.
But, 
I did have just one problem with it. In the case of the NYSE Mc Clellan
Oscillator, They did not post.  The date, not that days value, or
last post for MCO.  I thought that was important.
Because
your want to be comparing it exactly to the NYSE Index, or DJIA for example.
So I went
to Wallace Lake (?) and he offered the data I needed to USE the metastock
software formula's to effectively display the data.  ALSO, important
is your data source.  I use Yahoo, figures.
So, I
just used whatever was already in the MS software.
I'am happy
to hear the questions on the MCO though.
Bud
"A.J. Maas" wrote:
Most likely you'll remember good old "McClellan Chip",
eg former List-member
Chip Anderson and his site : StockChart.com
http://stockcharts.com/
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage  http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: "Daniel Martinez"
Aan: <metastock@xxxxxxxxxxxxx>; "Songyun Fox" <songyun@xxxxxxx>
Verzonden: donderdag 12 oktober 2000 19:30
Onderwerp: McClellan Oscillator
> Bud,
> do you use MetaStock to get the McClellan Oscillator or do you get
> your figures from the 'Net?  If you get them from the 'Net,
please
> send me the URL.  I need to compare my figures.
>
> Daniel.
>
>
> Songyun Fox wrote:
>
> > Hi Guy.
> >
> > I think it was a good call on the Nasdaq.
> >
> > Nasdaq Mc Clellan Oscillator got down to -243 10/11. Given
> > Oversold is -200 it is very likely your trades are well
> > positioned for a profit return. I might be early
> > But I think it was a good call.
> >
> > Bud Fox
> >
> > Guy Tann wrote:
> >
> >> Neo,
> >>
> >> I'm not trying to be cryptic, but these are indicators that we
> >> have
> >> developed over the last 40 years or so.  Prior experience
(take
> >> Williams and
> >> how he made $1mm trading the silver market) shows us that once
> >> these are
> >> made public, they cease to work, either from too many people
> >> trading them or
> >> from bigger traders triggering false signals.  My dad is
adamant
> >> in keeping
> >> this proprietary.
> >>
> >> What I can tell you is we use strictly the O, H, L, and Close. 
We
> >> feel that
> >> all information is accounted for in the daily price activity. 
We
> >> don't use
> >> any of the prepackaged indicators and have written all of our
> >> own.  The only
> >> features of MS that we use are moving averages (of our indicators)
> >> and
> >> regular addition, subtraction, multiplication and division. 
Our
> >> basic
> >> system (SP39) is comprised of 6 different signals, to which we
> >> have applied
> >> weights.  Our final SP39 signal is the arithmetic total of
these 6
> >> weighted
> >> signals and can vary from between -10 and +10.  Our signals
are
> >> all
> >> mathematical and we don't do any charting, except occasionally.
> >>
> >> Our signals are probability based.  By that I mean, we "know"
(if
> >> we really
> >> can ever know anything) that, on average, we will make money on
3
> >> out of
> >> every 4 trades.  We have been able to maintain that probability
of
> >> success
> >> for over 15 years now.  As I've stated publicly on this list,
we
> >> would make
> >> a ton of money and then lose it all.  This was not a system
> >> problem, but a
> >> problem with the traders (my brother and myself) getting greedy
> >> and
> >> reinvesting too much money and, as we discovered, running a 100%
> >> Risk of
> >> Ruin.  We proved that several times over the years. 
Beginning
> >> last year or
> >> so, we started applying sound (at least we thought they were
> >> sound) money
> >> management techniques and have managed to weather a couple of
> >> major losses
> >> (including our current open trade).
> >>
> >> I've tried to encourage everyone to work on developing his or
her
> >> own
> >> trading system as we believe that anything you can buy is not
> >> worth what you
> >> pay for it.  We also encourage everyone to paper trade for
a while
> >> before
> >> risking real money, and finally we recommend that you start this
> >> development
> >> manually, just so you don't fall into the optimization trap, where
> >> you
> >> develop your system using 100% hindsight.
> >>
> >> Regards,
> >>
> >> Guy
> >
>
>