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Lars:
Shouldn't this formula "LongMA:= Input("Enter Shorter moving average
periods",1,32000,19);"
be written as "LongMA:= Input("Enter Longer moving average
periods",1,32000,19);"?
Thanks to you and Dan for sharing your results.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Lars Widlund" <Lars.Widlund@xxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, July 29, 2001 5:42 AM
Subject: Re: PVT Normalized
> Dan.
> I made an metastockformula on your PVT-indicator so that I can change the
method
> of the MA. I made one for the short one and one for the long indicator.
>
> There are some differenties with the different methods as you can se.
>
> And here are the formulas.
>
> Short Line:
>
> ShortMA:= Input("Enter shorter moving average periods",1,32000,5);
> LongMA:= Input("Enter Shorter moving average periods",1,32000,19);
> HiLo:= Input("Enter periods for HHV and LLV",1,32000,19);
> mat:=Input("MA Type:S,E,W,T",1,4,4); {1=S,2=E,3=W,4=T}
>
>
If(mat=1,Mov(Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),L
ongMA,S),ShortMA,S),
>
>
If(mat=2,Mov(Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),L
ongMA,E),ShortMA,E),
>
>
If(mat=3,Mov(Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),L
ongMA,W),ShortMA,W),
>
>
If(mat=4,Mov(Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),L
ongMA,T),ShortMA,T),0))))
>
> Slow Line:
>
> LongMA:= Input("Enter longer moving average periods",1,32000,5);
> HiLo:= Input("Enter periods for HHV and LLV",1,32000,19);
> mat:=Input("MA Type:S,E,W,T",1,4,1); {1=S,2=E,3=W,4=T}
>
>
If(mat=1,Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongM
A,S),
>
>
If(mat=2,Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongM
A,E),
>
>
If(mat=3,Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongM
A,W),
>
>
If(mat=4,Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongM
A,T),0))))
>
> Lars
>
>
>
> Dan Harels wrote:
>
> > Murat,
> >
> > I am glad I could make a contribution that you found useful. Your post
made
> > my day. For the normalized PVT, I just took Chande's, and perhaps
others,
> > idea for a a normalized RSI (i.e. StochRSI) and applied it to PVT. PVT
is a
> > more refined version of on balance volume. The idea is presented along
with
> > many good ideas in a very worthwhile book called the "The New Technical
> > Trader" by Chande and Kroll.
> >
> > I use a fast and slow, normalized version of PVT and interpret their
action
> > the same way I would interprete price stochastics lines. That is, I
watch
> > for crossovers in oversold or overbought areas and for divergences.
> >
> > I am a disgressionary, swing trader and I watch price (candlesticks) and
> > trendlines first and formost. I also pay quite a bit of attention to
> > StochRSI to identify overbought and oversold conditions. With this
style, I
> > use normalized PVT as a distant secondary indicator only to confirm my
other
> > analysis.
> >
> > You Murat, or others, may have payed closer attention to the signals it
> > offers and I would be interested in learning from your observations.
The
> > formulas I have been using without testing or optimization are shown
below:
> >
> > Fast Line
> >
> > Mov((PVT()-LLV(PVT(),19))/
> > (HHV(PVT(),19)-LLV(PVT(),19)), 5, S)
> >
> > Slow Line
> >
> > Mov(Mov((PVT()-LLV(PVT(),19))/
> > (HHV(PVT(),19)-LLV(PVT(),19)), 5, S),3,S)
> >
> > I am usually in trades for an average of six or seven trading days and I
am
> > a very slightly better than break even trader.
> >
> > Dan
> >
> > >From: Mikey <mtg1021@xxxxxxxxxxxxx>
> > >Reply-To: metastock@xxxxxxxxxxxxx
> > >To: metastock@xxxxxxxxxxxxx, Murat Kuntel <mkuntel@xxxxxxxx>
> > >Subject: Re: PVT Normalized
> > >Date: Sat, 28 Jul 2001 23:26:02 -0500
> > >
> > >what is this indicator that you are talking about?? i must have missed
it
> > >is
> > >there any way that you could share the details of it???
> > >
> > >Murat Kuntel wrote:
> > >
> > > > Dan Harels,
> > > >
> > > > Last month you graciously shared with us an indicator that you
> > >developed, a
> > > > normalized PVT which you suggested works like Stochastics. I have
been
> > > > observing it since then and I like it very much. I noticed that at
> > >times
> > > > it leads, and at other times it keeps from an early exit for good
> > > > reason. First, I thank you for sharing it with us. Secondly, I
would
> > > > appreciate if you may share any interesting patterns that works with
> > >this
> > > > indicator.
> > > >
> > > > Thank you again.
> > > > Murat
> > >
> >
> > _________________________________________________________________
> > Get your FREE download of MSN Explorer at
http://explorer.msn.com/intl.asp
>
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