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Gus, Preston,
I wonder how I might set this up for System Testing?
Enter long? Enter Short?
Dave
--- In equismetastock@xxxx, pumrysh <no_reply@xxxx> wrote:
> Gus,
>
> Don't apologize for the rambling, I enjoyed it and I'm others have
as
> well!
>
> I stand corrected on the indicator not working! I don't know why I
> couldn't get mine to work.
>
> Let's talk a little about the indicator and the use of its variable
> trigger. Most triggers are either horizontal lines, such as when an
> indicator crosses above zero, or some type of moving average which
> lags behind the indicator. In the case of this indicator you can
use
> the indicator "fish" as the trigger line and the final output line
> [10*ROC(fish,1,$)] as the indicator. I'm curious if anyone else has
> any thoughts on this?
>
> Gus, you're right about the indicator. It certainly has some merit.
>
> Preston
>
>
> --- In equismetastock@xxxx, gatorgus2000 <no_reply@xxxx> wrote:
> > --- In equismetastock@xxxx, pumrysh <no_reply@xxxx> wrote:
> > > Gus,
> > >
> > > Glad you are enjoying the group. It is through yours and all
the
> > rest
> > > of the members input that this site can be very informative.
> >
> > I'm looking forward to learning a great deal from this group.
> >
> > > To answer your question, the indicator Fisher Transform as
> > presented
> > > in TASC will not work. If you got yours to work would you post
it?
> >
> > Well, whether it's right or not I don't know but I _do_ like the
> > results. :)
> >
> > I created a new indicator called Fisher Transform with Rate of
> Change
> > and added the following as its formula:
> >
> > pr:=(H+L)/2;
> > len:=10;
> > maxh:=HHV(pr,len);
> > minl:=LLV(pr,len);
> > val1:=.33*2*((pr-minl)/(maxh-minl)-.5)+.67*PREV;
> > value1:=If(val1>.99,.999,If(val1<-.99,-.999,val1));
> > fish:=.5*Log((1+value1)/(1-value1))+.5*PREV;
> > fish;
> > 10*ROC(fish,1,$)
> >
> > 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@xxxx^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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