|
PureBytes Links
Trading Reference Links
|
Lionel.
Yes ofcourse it was a mistake from me. I am sorry.
Lars
Lionel Issen wrote:
> 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
> >
>
> ----------------------------------------------------------------------------
> ----
>
> ----------------------------------------------------------------------------
> ----
|