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Frans,
I took another look at the code and now see what the logic is....
it should work as you had it posted in your original e-mail.
Sorry for the confusion,
Adam
----- Original Message -----
From: Frans Derksen <fjderksen@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, December 03, 2000 10:40 AM
Subject: Re: Divergence
>
> Hello Adam,
>
> Thanks for your compliment.
> But I'd rather don't accept credits for something I did not create....
> This was (if I remember it well) the result of a former discussion about
> this subject on this list.
>
> About your remark: I'm not so sure. The idea is that the RSI 3 days ago
was
> higher than the lowest RSI in the last 14 days.
> Now if one uses ,-2 metastock will start the look-back period (14 days) 2
> days ago. If one uses ,-3 doesn't it start the lookback-period 3 days ago
?
>
> The easiest way to find out might be to put both formula's in an
> exploration and than make the hits visual by opening the relevant charts.
>
> Whatever comes out as the correct code should be marvellous because one
can
> vary both the indicator as the lookback-periods, right ?
>
> Rgds.
> Frans
>
>
> At 08:20 3-12-00 -0600, you wrote:
> >Frans,
> > Very good coding!
> >One line of your code reads:
> >
> > Ref(RSI(14),-2) > Ref( LLV(RSI(14),14),-2)
> >
> >I wonder if you really meant it to read this:
> >
> > Ref(RSI(14),-2) > Ref( LLV(RSI(14),14),-3)
> >
> >Thanks for your contribution,
> > Adam Hefner
> >
> >
> >----- Original Message -----
> >From: Frans Derksen <fjderksen@xxxxxxxxx>
> >To: <metastock@xxxxxxxxxxxxx>
> >Sent: Sunday, December 03, 2000 3:09 AM
> >Subject: Re: Divergence
> >
> >
> >>
> >> Hello John,
> >>
> >> For a (primitive) start try this formula:
> >>
> >> L = llv(L,20) and RSI(14) > llv(RSI(14),20
> >>
> >> Or (a little bit more sophisticated):
> >>
> >> - RSI has been going up for three days.
> >> - RSI three days ago was higher than lowest RSI in past 14 days
> >> - Close of three days ago was lower than lowest close of the prior 14
> >> days will look something like this:
> >>
> >> {RSI exploration}
> >> Ref(RSI(14),0) > Ref(RSI(14),-1) AND
> >> Ref(RSI(14),-1) > Ref(RSI(14),-2)AND
> >> Ref(RSI(14),-2) > Ref( LLV(RSI(14),14),-2)
> >>
> >> {Price exploration}
> >> AND Ref(CLOSE,-2) < Ref(LLV(CLOSE,14),-3)
> >> {or:REF(C,-2) = REF(LLV(C,14),-2)}
> >>
> >> All improvements welcome....
> >>
> >> Rgds.
> >> Frans
> >>
> >>
> >> At 14:29 2-12-00 -0800, you wrote:
> >> >One of the more interesting indicators of price reversal for me is the
> >> >divergence that occurs between a momentum indicator and the price
action.
> >> >For example, if through some time period both price and RSI make a
high
> >and
> >> >then price rises and RSI drops, then divergence has occured between
the
> >> >indicator and the price and a reversal in price action "might" occur.
> >> >
> >> >I have not been able to figure out a manner of looping thru the past 1
to
> >70
> >> >periods of price and momentum indicator values to figure out if the
> >prices
> >> >are showing divergences or not using Metastock.
> >> >
> >> >Does anyone have such a formula or know where i can find it?
> >> >
> >> >Thanks. ................................... John
> >> >
> >> >
> >>
> >>
> >
> >
>
>
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