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--- In equismetastock@xxxx, pumrysh <no_reply@xxxx> wrote:
> Gus,
>
> Glad you are enjoying the group. It is through yours and all the
rest
> of the members input that this site can be very informative.
I'm looking forward to learning a great deal from this group.
> To answer your question, the indicator Fisher Transform as
presented
> in TASC will not work. If you got yours to work would you post it?
Well, whether it's right or not I don't know but I _do_ like the
results. :)
I created a new indicator called Fisher Transform with Rate of Change
and added the following as its formula:
pr:=(H+L)/2;
len:=10;
maxh:=HHV(pr,len);
minl:=LLV(pr,len);
val1:=.33*2*((pr-minl)/(maxh-minl)-.5)+.67*PREV;
value1:=If(val1>.99,.999,If(val1<-.99,-.999,val1));
fish:=.5*Log((1+value1)/(1-value1))+.5*PREV;
fish;
10*ROC(fish,1,$)
I realize that there are two formulas in the article, which may be
found at:
http://www.traders.com/Documentation/FEEDbk_docs/TradersTips/TradersTi
ps.html#meta2
but I am only focusing on this one. I compared my results to a couple
of the examples in the article and I don't get the smoothing effects
I see in the examples but the crossovers look rather similar and the
crossovers are what I like in the results I get.
I am very new to MetaStock so I wouldn't recommend for anyone to take
my word on this but please experiment with it and let me know your
opinion.
I have spent some time with TC2000 and use it as well as MetaStock
(and even AmiBroker a little) but I am spending more and more time on
MetaStock now. I have been trying to "recreate" some of the TC2000
indicators in MetaStock and found a post in a Stocks & Commodities
message board for TC2000's TSV (Time Segmented Volume) by simply
using:
ROC(OBV(), 18, $)
(although the post mentioned using 19 days instead of 18) as the
formula.
The link for this post is:
http://message-
boards.traders.com/WebXdisplayMessage@xxxxxxxxxxxxxxx^3@xxxxxxxx/9
I am doing this in an effort to find a little more personal comfort
with indicators I am familiar with.
I also find that the Force Index
V*(C-Ref(C,-1))
is somewhat similar to TC2000's BOP (Balance of Power).
The only one left (of TC2000's indicators) is MoneyStream and I use
Price Volume Trend for that one.
Right now I am getting earlier signals from using Fisher Transform
with Rate of Change than using my version (or the poster's on the
message board, actually) of TSV in MetaStock with a 10-day simple
moving average.
In any case, I apologize for rambling on so long and look forward to
any comments. :)
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