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Pierre:
You are right on, simpler is usually better. Most price-only based
oscillators give similar results and information, so why not use the simpler
ones instead of the more complex ones. You might try some of the other
moving averages that are available in Metastock.
I notice that you are in Canada. We were in Montreal last August. We had
great time not only doing the tourist things, but eating in very yummy
restaurants. Montreal is a most sophisticated and charming city.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Pierre Tremblay" <pt2000@xxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, February 06, 2001 1:14 AM
Subject: Re: Trending vs. Consolidating Markets
Dave and Jade,
I like to use rate of change (ROC) of a moving average to see if a stock is
in a
trend and the strength of this trend.
Like, if I use a 30 periods simple moving average and I want to select only
a
minimum upside trend of 0.8 % by day, I will have :
ROC(Mov(C,30,S),1,%) > 0.8
Pierre Tremblay
Dave Nadeau a écrit :
> Jade,
>
> As many people that there are with opinions on this, I believe that there
> are just as many solutions.
>
> Here are some of my ideas:
>
> Moving averages are another way to guage trend. You can compare the ADX()
> with a Moving average of itself. Do consider the lag in this sort of a
> system, and determine if it fits with the type of trading you are doing.
If
> a line remains above a moving average, it is trending up. You could use
>
> ABOVE:=ADX(14)>Mov(ADX(14),5,S);
> Sum(ABOVE,20)=20;
>
> I'm using 5 periods and 20 bars for the test just as an arbitrary example.
>
> So these are just some of many ways to approach this problem. I'm sure
> other listmembers will have additional ideas.
>
> Dave Nadeau
> Fort Collins, CO
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