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Re: [EquisMetaStock Group] Re: Good Signal to Sell



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Preston,
 
Thanks for the feedback. I agree with your comment: 
the shark is'nt bad, but it gives only a few signals.
I composed a signal based on:
-strength of an index (AEX, but you can also take 
S&P e.g.) with help of willr-formula's
-strength of the fund itself, with 
willr-formula's
-plus volatility
See it:
Per1:=Input("length",2,100,13); 
A:=(Sqrt((Mov((0.1+HHV((Security("AEX",C)/C),18)-(Security("AEX",C)/C))/(HHV((Security("AEX",C)/C),18)-LLV((Security("AEX",C)/C),18)+0.1)*-100,9,E)+100)*-WillR(80)+1) 
-5/3*LLV(0.4*(((((Std(Log(C/Ref(C,-1)),20)*Sqrt(365))-Mov((Std(Log(C/Ref(C,-1)),20)*Sqrt(365)),90,S))/Mov((Std(Log(C/Ref(C,-1)),20)*Sqrt(365)),90,E))*100))+30,40)+100)/2;Sig:=Mov(A,3,E); 
UB:=Ref(HHV(A,Per1*3)*.95,-1); LB:=Ref(LLV(A,Per1*3)*1.05,-1); 
UB;LB;Sig;A;
I combine above signal with a  buy !-signal 
(one A4 page long) and a sell signal. The result is reasonable, but I am looking 
for improvements, especially for selling.
 
Looking to teh above indicator, you should buy at a 
-first or better a 2nd top (look at indicator) and sell at a 1th or 2nd 
bottom.
 
Henk
 
----- Original Message ----- 
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  <A href="mailto:no_reply@xxxxxxxxxxxxxxx"; 
  title=no_reply@xxxxxxxxxxxxxxx>pumrysh 
  To: <A 
  href="mailto:equismetastock@xxxxxxxxxxxxxxx"; 
  title=equismetastock@xxxxxxxxxxxxxxx>equismetastock@xxxxxxxxxxxxxxx 
  Sent: Wednesday, October 09, 2002 9:14 
  PM
  Subject: [EquisMetaStock Group] Re: Good 
  Signal to Sell
  Henk,Thanks for sharing the formula! I tried the 
  Sell Shark indicator on a chart of Coca Cola from 1995 to 2000. I got 2 
  signals from the indicator. This was basically a trending market but there 
  were more than 2 sell opportunities during this period of time. I counted 
  at least 10 other opportunities. I believe the indicator is not 
  resetting after the first signals. I'll take a look to see if I can 
  come up with something to make it more robust. Maybe someone else will 
  have some ideas as well.P--- In equismetastock@xxxx, 
  "Henk Kloosterman" <henkkloosterman@xxxx> wrote:> 
  Hello,> > > My timing to buy is mostly OK, but I do not 
  recognize sell patterns very well. I am aware of most regular sell signals 
  built-in in metastocks and at the guppy site.> By combining several 
  other formula's I have made a few signals to sell, but these are not 
  proven yet and slow due to the mixtures. Further I am reading sites that 
  analyze the volatility of e.g. Nasdaq (www.joefrocks.com) fear versus 
  complacency for VXN and VIX.> One of the sell signals I found at 
  internet, which is reasonable is the "sell shark":> 
  symmetry:=.28;> apex:=(H+L)/2;> wb:=Ref(H,-2)-Ref(L,-2);> 
  Shark:=If((H<Ref(H,-1)AND L>Ref(L,-1)AND Ref(H,-1)<Ref(H,-2)AND 
  Ref(L,-1)>Ref(L,-2))=1,If(apex>=(Ref(L,-2)+ 
  (wb*symmetry)),1,0),0);> 
  sellok:=Cross(ValueWhen(1,shark=1,Ref(L,-2)),C);> 
  chk:=Cum(sellok)-ValueWhen(1,shark=1,Cum(sellok));> 
  validchk:=Alert(shark=1,25);> sell:=sellok=1 AND Ref(chk,-1)=0 AND 
  validchk=1;> sell;> > What I am looking for, is a more 
  precise alarm to take profit/sell because I am planning to buy call 
  options early november and keep those for minimum 1 month but may be 
  longer. To take profit or sell the timing is important..> > 
  > Anybody has experience?> > Thanks, 
HenkTo 
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