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Al,
I think that some those previous flames you speak of were due to certain
people blindly sending huge amounts of stuff that had either nothing to do
with the current topic, or rabid defense/offense of methods that were
thought to be perfection above question.
I have been following some of the recent articles in trade publications
concerning the possible uses of r-squared and linear regression in TA and I
would be happy for you to share your thoughts and ideas with me in this,
good or bad. If the MetaStock server can handle a chart or two from you, I'm
quite sure my computer can.
Your comrade in the struggle,
Corey Saxe
----- Original Message -----
From: "Al Taglavore" <altag@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, February 06, 2001 8:21 AM
Subject: Re: Trendiness or Congestion measurement - r-squared
+Linearregression Slope
> Bob>Could you post a picture of a chart
> (say of AMD) showing how you have set up the indicators?
>
> Would be glad to post except for two reasons:
> 1) Not so sure I know how to send a chart via e-mail. I Can try
HyperSnap.
> 2) There has been so very much discussion and complaints about sending
> charts as attachments that I prefer not to inflame this List. (I went
> through
> that period when this List was afire with flames, and caused many of us to
> refrain from any information sharing.) If you would send your e-mail
> address
> I will attempt to use HyperSnap and send a chart directly to you.
>
> You may also want to begin observations of WMT and IGT (NYSE) and watch
> the indicators we have been discussing. IGT is making new highs with a
> rising
> Slope line and a very low r-square factor. Insider action or exhaustion
> move?
>
> Al Taglavore
>
> ----------
> > From: Bob Webb <Webb.Bob@xxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Trendiness or Congestion measurement - r-squared
> +Linearregression Slope
> > Date: Tuesday, February 06, 2001 8:05 AM
> >
> > Al,
> >
> > Thanks very much for your explanation. Could you post a picture of a
> chart
> > (say of AMD) showing how you have set up the indicators? (These are
brand
>
> > new ones to me).
> >
> > Thanks.
> >
> > Bob.
> >
> >
> > At 02:48 PM 05/02/01 -0600, you wrote:
> >
> > >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
> > > > ===============+=============
> >
> >
> > ==============+==============
> > Robert L. Webb
> > Webb.Bob@xxxxxxxx
> > ===============+=============
>
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