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I have had a workshop with Mr. Chande about four years ago, but the
material did not discuss R-square. What is the name of the book? I too,
have found that "R" is more meaningful to me than ADX.
Malcom>are you suggesting that since R-Squared has
not fallen below .8 that the previous HHV for your trade represents
a kind of support level?
Yes. I will add that after downloading my data tonight and looking at the
chart of AMD, that a Fib line drawn from the 12-2 low to the 2-1 high would
give a 38.2 retracement value at 21.57. I would expect support to be
within the 22.68-21.57 level. I do not believe that the 22.94 low of today
will be the only test of that HHV.
Al Taglavore
----------
> From: Malcolm Walsh <malcolm.walsh@xxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: Trendiness or Congestion measurement - r-squared +
Linearregression Slope
> Date: Monday, February 05, 2001 6:25 PM
>
> Thanks for your comments. I too have been recently trying R-Squared.
> I found your comments very helpful and confirm my thoughts on the use
> of R-Squared. Chande's book outlines it's use, compares it with ADX and
> suggests that it may be superior to ADX in defining trends.
>
> On your AMD re-entry are you suggesting that since R-Squared has
> not fallen below .8 that the previous HHV for your trade represents
> a kind of support level?
> Malcolm.
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Al Taglavore
> Sent: Monday, February 05, 2001 3:49 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Trendiness or Congestion measurement - r-squared +
> Linearregression Slope
>
>
>
> B>(1) What do you mean by a "13 period slope"? A moving average? Or
> something
> > else
>
> 13 Period Linear Regression Slope (listed in MS indicator list)
>
> B> (2) I trade primarily Cdn stocks. What exchange is DD? I'd like to
> download
> > it and see what you're talking about.
>
> NYSE. DD is the symbol for Dupont Corp.
>
> B> (3) Could you give an example of this trading technique with going
long?
>
> See AMD (NYSE) with the slope rising 1-2, and the first close above the
> high of 1-4 occuring on 1-11 (my entry was on the close). My exit was
2-1
> when the new high was made and the stock traded below the high of the
> previous period.
>
> I am looking for a re-entry on this stock if the high of 1-18 (22.68) is
> tested but not violated AND slope begins to rise from this level.
(Touched
> 22.96 at 13:45 EST and has risen to 24.02 today, but I was not at my
> screen. Perhaps EOD chart will give a signal within the next day or two.
> Perhaps not).
>
> Al Taglavore
>
> ----------
> > From: Bob Webb <Webb.Bob@xxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Trendiness or Congestion measurement - r-squared +
> Linearregression Slope
> > Date: Monday, February 05, 2001 12:49 PM
> >
> > Al,
> > (1) What do you mean by a "13 period slope"? A moving average? Or
> something
> > else?
> >
> > (2) I trade primarily Cdn stocks. What exchange is DD? I'd like to
> download
> > it and see what you're talking about.
> >
> > (3) Could you give an example of this trading technique with going
long?
> >
> > Thanks.
> >
> > Bob.
> >
> >
> > At 09:56 AM 05/02/01 -0600, you wrote:
> > >Yes, I think of Slope as the direction. The value indicates the
degree
> of
> > >advance/decline. R-squared is a measurement or "presence of trend",
as
> I
> > >use it. I just completed a trade on DD that could paint a picture to
> aid
> > >in interpretation. If you will pull up the chart DD, open a 23 period
> > >r-squared indicator
> > >(I use the oscillator style of display), then overlay a 13 period
slope
> > >(line display), observe the period around 12/29. You will see how the
> > >slope began the decline while "r" was still at a high value. When "r"
> > >began to weaken, with Slope still in a downward movement, the first
> close
> > >below the lowest low of that period (1-3) made a low risk entry for a
> short
> > >sale. When Slope turned up for two consecutive days (1-24) and "r"
was
> > >above 80, this was, for me, time to cover the short.
> > >
> > >I am also using a 23 period slope to observe the 13/23 crossing, but I
> have
> > >not seen any significant benefit. Actually, I think this confuses the
> > >picture.
> > >
> > >As to your comment that Slope moves all over the place, that would
> suggest
> > >to me that there is very high volatility in that stock,or a tradable
> trend
> > >is not in place. Please send me a stock symbol so that I may plot
what
> you
> > >are seeing. I am watching TXN, but the Slope signals have been late.
> But
> > >here again, there is no trend, as I see it. Rather, it is in a
trading
> > >range. Again, this is simply way that I use the two indicators.
> > >
> > >Al Taglavore
> > >
> > >----------
> > > > From: Sean Taylor <sean.taylor@xxxxxxxx>
> > > > To: metastock@xxxxxxxxxxxxx
> > > > Subject: Re: Trendiness or Congestion measurement - r-squared +
> Linear
> > >regression Slope
> > > > Date: Sunday, February 04, 2001 11:24 PM
> > > >
> > > > Al,
> > > > I've been trying to combine r-squared with Linear Regression Slope.
> Not
> > > > always easy determining how to interpret them.
> > > > I know r-squared values below a certain amount mean there is no
> > >statistical
> > > > significance. But with larger numbers, the Slope value can still
move
> all
> > > > over the place. Is it more the direction of the slope rather than
> the
> > >value
> > > > itself?
> > > > It's probably just trial and error.
> > > > Thanks,
> > > > Sean
> > > >
> > > > ----- Original Message -----
> > > > From: "Al Taglavore" <altag@xxxxxxxxxx>
> > > > To: <metastock@xxxxxxxxxxxxx>
> > > > Sent: Friday, February 02, 2001 11:02 AM
> > > > Subject: Re: Trendiness or Congestion measurement
> > > >
> > > >
> > > > > Consider using 'r-squared' with regression slope; "r" indicating
> the
> > > > > strength of the trend, sans noise, and the slope to indicate the
> > >direction
> > > > > of the trend.
> > > > >
> > > > > Al Taglavore
> > > > >
> > > > > ----------
> > > > > > From: Sean Taylor <sean.taylor@xxxxxxxx>
> > > > > > To: Metastock List <metastock@xxxxxxxxxxxxx>
> > > > > > Subject: Trendiness or Congestion measurement
> > > > > > Date: Friday, February 02, 2001 9:09 AM
> > > > > >
> > > > > > I've recently re-discovered the quality of the User manual.
The
> > > > > > interpretations of various indicators offer useful advise.
> > > > > > Take the Stochastic. I'm looking to use Overbought/Oversold
> > >indicators.
> > > > > > The manual recommends that these work best in non-trending
> markets
> > >and
> > > > > that
> > > > > > 'r-squared', CMO and VHF might be used to determine this.
> > > > > > I tried r-squared (RSquared(C, 14) <0.27) which improved the
> system
> > > > > results
> > > > > > significantly. But it does seem to traverse extremes very
> readily
> > >and
> > > > > give
> > > > > > false signals.
> > > > > >
> > > > > > Are there some favorites out there for indicating congestion or
> > > > > trendiness
> > > > > > and their strength ?
> > > > > >
> > > > > > Thanks,
> > > > > > Sean
> > > > >
> >
> >
> > ==============+==============
> > Robert L. Webb
> > Webb.Bob@xxxxxxxx
> > ===============+=============
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