|
PureBytes Links
Trading Reference Links
|
Hi David,
you wrote:
>I haven't found a way yet to program relative strength into a system test,
>so if anybody knows how I'd appreciate learning the secret.
Wouldn't it look like this : Enter long: Cross( Mov(RSI(14),10,E
),Mov(RSI(14),30,E))
Enter short:Cross( Mov(RSI(14),30,E
),Mov(RSI(14),10,E))
Good luck with this nice idea.
Frans
At 08:26 28-12-00 -0800, you wrote:
>Anybody tried using TC2000's new moving average based on relative strength
>in Metastock?
>
>I developed a good indicator to identify trends in stocks, but TC2000's idea
>of using a 10 and 30 day moving average of relative strength (vs. SP500,
>NASDAQ, etc.), works as well or better than mine. Using moving averages
>based on the stocks relative strength to a broader market average eliminates
>market gyrations from the equation and allows the moving averages to be
>sensitive only to stock performance relative to the index. I programmed
>this into Metastock by plotting a relative strength indicator in white
>(making it invisible on white background), and created 2 moving averages
>based on this indicator (10 and 30 exponential). When the 10-day crosses
>above the 30 day, this is assumed to be bullish, and you look to be bearish
>when it crosses back below the 30-day line. Obviously, the two moving
>averages can be any number, but these seem to work well.
>
>I tested this setup on many Nasdaq stocks by programming an expert with my
>indicators (not TC2000) and comparing the trend changes to mine visually,
>and saw that they were very similar. My system is very accurate for finding
>trends, and entry points, so I'm assuming this TC2000 setup is as reliable.
>I haven't found a way yet to program relative strength into a system test,
>so if anybody knows how I'd appreciate learning the secret. I used the
>SP-500 as the comparison to Nasdaq stocks because it correlates well with
>the Nasdaq, but isn't as volatile.
>
>My trading system only uses the trend as one piece and several other
>indicators for entry and exit, but I believe this indicator is as close to
>perfect for determining trends as you'll find.
>
>Dave D.
>
>
|