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Sorry David,
I Pulled the trigger too quickly.
Next time I shall read first....
It still remains an interesting idea.
Rgds.
Frans
At 19:55 28-12-00 +0100, you wrote:
>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.
>>
>>
>
>
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