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Keith,
Metastock allows definition of precision by use of its "Precision"
function. Check page 258 in the manual or the help files of the
program.
Looking at your explanation you use a MACD(dema). Is this a dema
smoothed MACD()? Do you have both the MACD() and the dema(MACD())
plotted on your chart? Dema is a amoothing method which introduces lag
(all moving averages do). If the MACD() was at a value of 0 then it
is likely the dema with its inherant lag would have a lesser/greater
value depending on direction.
You are correct about using a binary to identify signals. Just make
sure your binary uses the same signals.
Preston
--- In equismetastock@xxxx, <keithld@xxxx> wrote:
> somewhere I read some good advice re Experts whereas it's best to
make a binary first to see exactly where the hits are, not where you
ask for them to be, without proving it, very good advice.
>
> In making a new expert, I started out with a simple setup-- MACD
(dema) <0 but the results turned out poorly. the stock price was
about 23c , which should not make any difference to the scan.
>
> Data Window actual results--- the end of 1 group and
start of the next
>
> -
.000526 .002076 .004368 .004
244 .003855 -.000950
>
> bar 1/ ok 2/ signal-wrong 3/signal-
wrong 4/signal wrong 5/ no signal 6/ no signal--
should be
>
missed from next set
> so bar 2-4 should not have had a signal
> bar 1 & 5 were correct
> bar 6 should have had a signal
>
> how can I tell Metastock to pay more attention and to try to be
a bit more accurate !!!
>
>
> there must be a way to do this, cutting down the number of
decimal points ? maybe helps
> I did read somewhere recently that Metastock has a lower level of
maths capability than some other programs, reason given was
> to save memory (or save money )
>
> look forward to comments Keith
>
>
>
>
>
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