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I used Tools>Default Colors & Styles and turned on Auto Rotate. Then I
applied my Triple MA Indicator and all 3 lines were plotted red.
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Al Taglavore
> Sent: Thursday, December 21, 2000 8:07 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Setting colour on a multi-plot indicator
>
>
> Would Tools>Options>Default Colors & Styles>Auto Rotate serve
> any purpose?
>
> ----------
> > From: Dave Nadeau <dave_nadeau@xxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: RE: Setting colour on a multi-plot indicator
> > Date: Thursday, December 21, 2000 8:59 AM
> >
> > Bill,
> >
> > I am suggesting both a System Test as well as multiple
> Custom Indicators
> which you can use in an Exploration. The optimization has
> > to be done in a system test. When I run optimizations, I
> want to see the
> distribuition of my results to be "clustered." For example,
> > using the built-in Equis system of "Equis - Directional
> Movement w/Opt",
> you are optimizing the length of the PDI() and the MDI(). In
> > the results, I would sort by the period. Say the maximum
> return occurs
> at length = 17. I would want to see a successful result at 16
> > and 15 and 14 and 13 as well as 18 and 19 and 20 and 21. Not as
> profitable, but at least positively correlated.
> >
> > So, I can do that part quickly in a System Test. Then, if
> successful
> over two or three securities, I would want to expand that to a
> > portfolio of securties, say the S&P500 using the multiple custom
> indicators in an Exploration. Then I can immediately see the results
> > across a broad range of stocks.
> >
> > Continuing with the "Equis - Directional Movement w/Opt" example, I
> would create the following custom indicators: (I'm using the
> > following as an example, you can probably see ways to
> shorten and make
> this code more efficient, but I'll leave it as is to show all of
> > the steps)
> >
> > INDICATOR1(Your formula)
> > Length:=17;
> > POS:=PDI(Length);
> > NEG:=MDI(Length);
> > POS;NEG
> >
> > INDICATOR2
> > Y:=FmlVar("INDICATOR1","POS");
> > Z:=FmlVar("INDICATOR1","NEG");
> > Long:=Cross(Y,Z);
> > Short:=Cross(Z,Y);
> >
> > INDICATOR3(Your market position)
> > A:=FmlVar("Indicator2","Long");
> > B:=FmlVar("Indicator2","Short");
> > If(Barssince(A)<=Barssince(B), 1,If(Barssince(B)<=Barssince(A),-1,0)
> >
> > Indicator4(Your equity line)
> >
> Cum(If(Fml("Indicator2")=1,(Open-Ref(Open,-1),If(Fml("Indicato
> r2")=-1,-1*(Op
> en-Ref(Open,-1)),0)))
> >
> >
> > I would recommend that as you create each Custom Indicator,
> you plot it
> against a sample security to make sure that the timing is
> > correct. i.e. as you stop and reverse, you will probably
> want to use
> Ref(A,-1) instead of A. This would correspond to setting the delay
> > to 1 in the system tester. Also, the Equity Line assumes
> that you trade
> on the open; you can easily substitute the Close or some
> > predetermined entry value.
> >
> > Now, you can create an Exploration with INDICATOR4 as one
> of the columns
> and quickly see the equity performance across your
> > portfolio of stocks. Then, you can change "Length:=17;" to
> 18 or 20 in
> INDICATOR1, and run the exploration again to get the results
> > for that value. You can repeat this for as many values as
> you like. (I
> copy the exploration results into Excel to do my summary
> > statistics).
> >
> > If you've created a template or expert using your
> INDICATOR1, 2, 3, or 4
> to draw the entry arrows and plot the PDI() or MDI(), it will
> > change also as soon as you adjust "Length:=17;" in your INDICATOR1.
> >
> > Bill, I hope this example helps to answer some questions.
> I am happy to
> keep going with the detail, or if you want we can make it
> > more specific to your system.
> >
> > Dave Nadeau
> > Fort Collins, CO
> >
> > 12/20/00 11:59:00 PM, "Bill Irwin" <Bill-Irwin@xxxxxxxx> wrote:
> >
> > >Thanks for the excellent information Dave. Now to see if
> I understand
> it.
> > >
> > >> There is a faster way. You'll need to use a very
> structured approach.
> > >
> > >Being a programmer I should be able to handle this... 8^)
> > >
> > >> Start with a custom formula with three lines which are
> > >> something like this:
> > >>
> > >> LineA:=<time period one>;
> > >> LineB:=<time period two>;
> > >> LineC:=<time period three>;
> > >> Mov(C,LineA,S); Mov(C,LineB,S);Mov(C,LineC,S)
> > >
> > >I'm using something very similar to this in my System.
> The Enter Long
> is:
> > >
> > >Short:=Mov(C,opt1,S);
> > >Medium:=Mov(C,opt2,S);
> > >Long:=Mov(C,opt3,S);
> > >Long > Medium AND
> > >Short > Medium AND
> > >Ref(Short,-1) < Ref(Medium,-1)
> > >
> > >Are you talking about this being a custom Indicator or a System? I
> think
> > >you mean System because of your reference to OPT1, OPT2,
> etc. I have an
> > >Indicator called Triple Moving Average, which is:
> > >
> > >Short := Input("Short Moving Average", 1, 1000, 5);
> > >Medium := Input("Medium Moving Average", 1, 1000, 15);
> > >Long := Input("Long Moving Average", 1, 1000, 75);
> > >Mov(CLOSE, Short, S);
> > >Mov(CLOSE, Medium, S);
> > >Mov(CLOSE, Long, S);
> > >
> > >> You can later change these to OPT1, OPT2, and OPT3 in your
> > >> system test.
> > >>
> > >> Build your next formula based on the first, and give signals
> > >> for enter, short, exit, etc. as 1,2,3,4 or something like that.
> > >
> > >This is where you lost me. Build the 2nd formula where?
> Base it on the
> > >first, how? Do you mean to use fml("Triple Moving
> Average")? Are these
> the
> > >column formulas in an Exploration?
> > >
> > >> Then a third formula(Indicator3), based on the second, would
> > >> use Barssince(<your long signal>)<Barssince(<your short
> signal>) AND
> > >> Barssince(<your long signal>)<Barssince(<your exit signal>) =
> > >> 1 for long or =-1 for short and =0 for out.
> > >
> > >Here you're saying if the amount of time since I went long
> is shorter
> than
> > >the last time I went Short or Out, then I'm in a Long position and
> return
> > >+1, right?
> > >
> > >> Then you can create a fourth custom indicator based on this,
> > >> the equity line. This one says,
> Cum(If(Indicator3=1,Open-Ref(Open,-
> > >> 1),If(Indicator3=-1,-1*(Open-Ref(Open,-1),0).
> > >
> > >If I'm Long subtract the prior day's Open from the current
> day's Open
> and
> > >add this difference into the accumulator. Otherwise, if I'm Short
> subtract
> > >this difference from the accumulator, else add zero. This
> will keep a
> > >running total of the change in stock price, with an
> increase when the
> price
> > >increases and I'm Long, and a decrease when the price
> drops. When I'm
> Short
> > >and increase on a drop in price and a decrease on a rise? Am I on
> track?
> > >
> > >> Now you've got four indicators based on those three variable
> > >> definitions which are easy to change. You can run an
> > >> exploration with
> > >> this equity line to guage the performance across a portfolio
> > >> of stocks.
> > >
> > >Am I creating four custom Indicators here and using the name of the
> first
> > >one in the second, and the name of the 2nd in the 3rd, etc.?
> > >
> > >> You can write an expert that is based on the formulas and a
> > >> template. Your arrows for exits and entries as well as the lines
> > >> themselves will adjust whenever you go back to adjust those
> > >> three first lines of the first indicator.
> > >
> > >It seems that you're telling me to build custom
> Indicators, but I've
> read
> > >that when a custom formula is referenced, which has
> multiple plots, only
> the
> > >last one is returned. I'm confused about how I'd be able
> to use the
> first
> > >Indicator to have the second one based on it.
> > >
> > >> You can also run a new exploration once you've adjusted those
> > >> three values in the formula. You can do this as many
> times as you'd
> > >> like.
> > >>
> > >> I hope this explanation makes sense. I'm happy to clarify.
> > >> It is quicker, but still has some manual steps.
> > >
> > >I'm glad you're willing to clarify because, as you can
> see, I'm very
> green
> > >with MS and still need the obvious things included in any
> explanation.
> > >Sorry if this is more than you contemplated when you
> replied. You have
> me
> > >very intrigued about how this would work - especially for screening
> through
> > >large numbers of stocks to glean those that are cycling
> nicely so I can
> test
> > >different values to optimize. I suspect that I'm going to
> find that the
> > >optimal values for one stock are not the optimal values for another
> stock.
> > >What I think I'm looking for is a set of values that does
> reasonably
> well on
> > >many stocks, but not all, but I could be wrong on this.
> > >
> > >I hope there's some value in this thread to other readers.
> Thanks again
> > >Dave.
> > >
> > >Bill
> > >
> > >>
> > >> Dave Nadeau
> > >> Fort Collins, CO
> > >>
> > >> 12/20/00 10:53:21 AM, "Bill Irwin" <Bill-Irwin@xxxxxxxx> wrote:
> > >>
> > >> >Thanks Frans & Steve for the suggestion. Maybe if I'd more
> > >> fully explained
> > >> >what I'm doing perhaps another method is available, and
> > >> would be better.
> > >> >I'm working on a System that's based on this triple plot.
> > >> I'm going to be
> > >> >optimizing the values of this triple MA and, after the test,
> > >> observe the
> > >> >most profitable scenario.
> > >> >
> > >> >What I'd really like is for the System tester to plot the
> > >> triple MA (in 3
> > >> >colours) along with the Buy/Sell/Exit signs so that I
> can see the MAs
> > >> >crossing at these triggers. As it is, it appears I'll have
> > >> to apply the
> > >> >Triple MA Coloured Template, then adjust the lengths of the
> > >> MAs to match the
> > >> >winning System (after digging into the winning System to see
> > >> the values of
> > >> >OPT1/2/3 in a window that can't be sized to avoid the extra
> > >> step and time of
> > >> >scrolling). This doesn't make for a speedy review of a
> > >> given System across
> > >> >many charts. Of course, having to run the System test on
> > >> each individual
> > >> >chart (rather than on a selection, as in an Exploration) is
> > >> what really
> > >> >takes the time.
> > >> >
> > >> >If there's a faster way of doing this, please advise, and
> > >> thanks again.
> > >
> >
> > Dave Nadeau
> > Fort Collins, CO
> >
> >
> >
> > _________________________________________________________
> > Do You Yahoo!?
> > Get your free @yahoo.com address at http://mail.yahoo.com
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