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I concur. Another list I am on uses frequent postings of gif files to convey
concepts; it makes their convince easy and concepts clear.
This concept of r-squared and linear slope are new to me and some show and tell
examples would be a major help to me.
Dan
"C.S." wrote:
> 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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Dan
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