|
PureBytes Links
Trading Reference Links
|
You cannot reply to this message via email because you have chosen not
to disclose your email address to the group. Please use this
page to reply.
<font size=2 color=navy
face=Arial>Alex,
<font size=2 color=navy
face=Arial>
<font size=2 color=navy
face=Arial>The way
I choose shares with rising daily and weekly MACD Histogram is to use two
explorations. You may not know that
you can have a second exploration run on the results of the first exploration –
see multiple explorations in the manual. <span
style='mso-spacerun:yes'> You end up with only one list:<span
style='mso-spacerun:yes'> you don’t have to go through two
sets of results and see which securities appear on both.
<font size=2 color=navy
face=Arial>
<font size=2 color=navy
face=Arial>The
filter in each exploration is Fml(
"MACD_H")>Ref(Fml( "MACD_H"),-1) to return those shares
with a rising MACD_H. The only difference between the daily and weekly Exploration
is that in the Explorations Editor you choose Options and then Daily or Weekly
for Exploration Periodicity. Note
that each exploration eliminates only about half of your database, since for
each security MACD_H will have just ticked up or down. <span
style='mso-spacerun:yes'> So this Exploration returns too many
shares, unless you use it in combination with other Explorations.
<font size=2 color=navy
face=Arial>
<font size=2 color=navy
face=Arial>Alternatively,
Fml( "MACD_H")>Ref(Fml( "MACD_H"),-1) AND Ref(Fml(
"MACD_H"),-2)>=Ref(Fml( "MACD_H"),-1) will catch the
bottoms, i.e. where the MACD_H first ticks up.<span
style='mso-spacerun:yes'> This longer filter will of course return
far fewer shares: only those ticking up for the first time, not all those in a
MACD_H uptrend.
<font size=2 color=navy
face=Arial><span
style='mso-spacerun:yes'>
<font size=2 color=navy
face=Arial>Hope
this helps.
<font size=2 color=navy
face=Arial>Barry
<span style='font-size:
10.0pt;font-family:Arial;color:navy'>
<span style='font-size:
10.0pt;font-family:Arial;color:navy'>
<span
lang=EN-US style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>-----Original
Message-----
From: Alex Tan
[mailto:bt_alex_tty@xxxxxxxxx]
Sent: <st1:date
Month="1" Day="7" Year="2003"><span lang=EN-US
style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>Tuesday, 7
January 2003<span
lang=EN-US style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>
<span
lang=EN-US style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>12:05
AM<span lang=EN-US
style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock
Group] Exploration: MACD Historgram Uptrend for Weekly and Daily
<font size=3
face="Times New Roman">
<font
size=2 face="Courier New">Roy<font
size=2 face="Courier New">,<font
size=2 face="Courier New">
No, I found it on some websites after intensive
search.
Yes, I am still looking a way to scan for stocks
on a
uptrend in terms of Daily MACD Histogram and
Weekly
MCAD Histogram. And after many hours of research
and
emails to this group, I have yet to achieve my
goal.
Very dissapointed indeed.
Alex
--- Roy Larsen <rlarsen@xxxxxxxxxxxxxx>
wrote:
> Alex
>
> I suggest you check with the author of these
> formulas as to how to use them
> in explorations. I was under the impression
that you
> that you wanted an
> accurate weekly MACD formula to base your
> exploration on. The weekly formula
> you've come up with may be very useful if you
know
> how to apply it, but it's
> a long way from an accurate rendition of a
weekly
> MACD for daily periodicy.
> Same goes for the 'Daily MACD Hist' - what is
it and
> how's it supposed to
> work? I hope you didn't pay for these
formulas.
>
> <font
size=2 face="Courier New">Roy<font
size=2 face="Courier New">
>
> ----- Original Message -----
> From: "Alex Tan" <bt_alex_tty@xxxxxxxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: <st1:date
Month="1" Day="6" Year="2003"><span
style='font-size:10.0pt'>Monday, January 06, 2003<font
size=2 face="Courier New"> <st1:time
Hour="3" Minute="23"><span
style='font-size:10.0pt'>3:23 AM<font size=2
face="Courier New">
> Subject: Re: [EquisMetaStock Group]
Exploration:
> MACD Historgram Uptrend for
> Weekly and Daily
>
>
> > Mr Larsen,
> >
> > I am nearer to the end than I had hoped
for. Found
> > this weekly MACD Hist based on daily
data:
> >
> >
>
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E)-
> >
>
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E)-
> >
>
Mov(Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E)-
> >
>
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E),45,E)
> >
> > Daily MACD Hist is as follows:
> >
> > (Mov(C,13,E) -
Mov(C,21,E))-(Mov((Mov(C,13,E) -
> > Mov(C,21,E)),5,E))
> >
> >
> > Now, how to I scan for up ticking
histogram for
> both
> > formulas? Using ROC? How do I do that?
And
> specific
> > instructions would be appreciated rather
than
> > guidance.
> >
> > Alex
> >
> >
> > --- Roy Larsen
<rlarsen@xxxxxxxxxxxxxx> wrote:
> > > Alex
> > >
> > > > Ouch! You sure know how to
inflict pain.
> > >
> > > Sorry
> > >
> > > > Ok... I did try cutting and
pasting the
> formual
> > > into
> > > > the filter tab.....and the
error msg came back
> > > "this
> > > > function is not allowed in
this type of
> formula"
> > >
> > > The 'Weekly MACD' is an indicator -
it's not
> > > intended to be used directly in
> > > an exploration but can be called
using Fml() and
> > > FmlVar() once the default
> > > Input() functions values have been
set.
> > >
> > > > With the limited knowledge of
metastock, I don
> > > even
> > > > have a clue where to start to
troubleshoot.
> What
> > > > should I do now...if you still
willing to
> help?
> > >
> > > My mistake. I guess I assumed a
level of fluency
> > > that is a little ahead of
> > > where you are at with MS code. I
tend to forget
> that
> > > not everyone has worked
> > > with MS every day for several
years. As long as
> > > you're willing to learn I'm
> > > willing to help. I'm convinced that
the 'Weekly
> > > MACD' can do most of what
> > > you expect, but to extract the
information from
> it
> > > there is still a little
> > > way to go.
> > >
> > > The first step is that you need to
cut and paste
> the
> > > code to the Indicator
> > > Builder, then drop it onto a chart
and
> experiment
> > > with the different input
> > > options. You should also try
changing the style
> of
> > > the MACD line to
> > > histogram (Properties -
Color/Style) and see how
> > > that compares visually to
> > > the histogram option I built into
the indicator
> > > (which I admit is rather
> > > crude).
> > >
> > > You could also switch your chart to
weekly
> periodicy
> > > and check my indicator
> > > against the standard MACD. When you
do that you
> will
> > > probably see variations
> > > that suggest errors in my code.
Make sure both
> > > indicators are using the same
> > > scale (right click and select
scaling).
> Differences
> > > displayed using weekly
> > > periodicy are caused by missing
Fridays, and
> this
> > > causes my code to miss an
> > > entire weekly bar of data. However
when used
> with
> > > daily periodicy the weekly
> > > close is taken from the bar before
Monday
> whenever a
> > > missing Friday is
> > > detected.
> > >
> > > Understanding the detail of the
code is not as
> > > important as just getting a
> > > feel for how it looks and what the
various
> options
> > > do. This is nesessary
> > > before it can be used in an
exploration. When
> you
> > > are familiar with it I'll
> > > give you some suggestions on what
to do next.
> > >
> > > <font
size=2 face="Courier New">Roy<font
size=2 face="Courier New">
> > >
> > >
> > >
> > > > Alex
> > > >
> > > >
> > > >
> > > > --- Roy Larsen
<rlarsen@xxxxxxxxxxxxxx> wrote:
> > > > > Alex
> > > > >
> > > > > > It appears that the
formula is too complex
> for
> > > me
> > > > > to
> > > > > > understand.
> > > > > >
> > > > > > I find it really
intriguing that this is
> such
> > > a
> > > > > common
> > > > > > technique for
scanning for stocks to buy
> but
> > > yet
> > > > > no
> > > > > > metastock formula is
freely available. I
> saw
> > > some
> > > > > > sites selling the
formula though. How does
> the
> > > > > > Metastock community
expects to grow with
> such
> > > > > limited
> > > > > > sharing of formulas?
Isn't this site
> geared to
> > > > > solve
> > > > > > such a situation?
> > > > > >
> > > > > > Any thoughts on the
statement?
> > > > > >
> > > > > > Alex
> > > > >
> > > > > Only that I'm
disappointed you should give
> up so
> > > > > easily, and that you
reject
> > > > > the very answer you seek.
> > > > >
> > > > > Did you load the code and
try it out before
> > > > > rejecting it? Did I
suggest I
> > > > > wouldn't answer any
questions you might
> have? I
> > > have
> > > > > a few more questions of
> > > > > my own but I think they
are best left
> unasked
>
=== message truncated ===
__________________________________________________
Do you Yahoo!?
Yahoo! Mail Plus - Powerful. Affordable. Sign up
now.
http://mailplus.yahoo.com
<font size=2
face="Courier New">To unsubscribe from this
group, send an email to:<span
style='font-size:10.0pt;font-family:"Courier New"'>
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of
Yahoo! Groups is subject to the Yahoo!
Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
<img
src="http://us.a1.yimg.com/us.yimg.com/a/am/ameritrade/120402_am_ban_off_x82_x_300x250_6.gif"; width=300 height=250 border=0>
To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|
![http://us.a1.yimg.com/us.yimg.com/a/am/ameritrade/120402_am_ban_off_x82_x_300x250_6.gif"](http://us.a1.yimg.com/us.yimg.com/a/am/ameritrade/120402_am_ban_off_x82_x_300x250_6.gif"){kind=link}