|
PureBytes Links
Trading Reference Links
|
Could you please tell me in detail what this
formula is suppose to achieve not just a breakout. like HHV is that
Higher higher Volume for example because i am
currently using ms 8's breakout formula.
Thanks David.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
DAVID H.
LINTON
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Sunday, April 06, 2003 2:01
AM
Subject: Re: [EquisMetaStock Group] Help
with breakout exploration.
Preston
1. I see exactly what you mean. On KO, you have to go back
to Mar 15, 01 to find this indicator working as a breakout tool. KO has been
in a solid downtrend since then.
2. So why does a breakout tool help identify sell points in
a downtrend? The answer is that it signals rallies and, in a downtrend, short
sell opportunities follow the rallies.
3. So, here is more of the scan code that, as a breakout
tool, ensures we are in at least a short term uptrend.
Mov(C,20,S)>Mov(C,40,S) AND C>Mov(C,40,S) ANDC
> Ref(HHV(C,10),-1) AND Ref(LLV(O,10),-1) > .95 * Ref(HHV(C,10),-1)
ANDRef(LLV(C,10),-1) > .95 * Ref(HHV(O,10),-1)
4. As an indicator, this should do a better job of pointing
out breakouts that have a better chance of continuing up because they are in
an uptrend. False signals (sees) could be reduced by demanding a longer term
uptrend.
My thoughts
David
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
<A title=no_reply@xxxxxxxxxxxxxxx
href="">pumrysh
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: April 4, 2003 11:38 PM
Subject: Re: [EquisMetaStock Group]
Help with breakout exploration.
Forgot the indicatorC > Ref(HHV(C,10),-1) AND
Ref(LLV(O,10),-1) > .95 * Ref(HHV(C,10),-1) ANDRef(LLV(C,10),-1)
> .95 * Ref(HHV(O,10),-1)--- In <A
href="">equismetastock@xxxxxxxxxxxxxxx,
pumrysh <no_reply@x...> wrote:>
David,> > In order to save time I often use a formula as an
indicator. The > signal is +1 when the condition is met. In your case
that is exactly > what I did. When I placed the indicator on a
coca-cola chart I had a > number of great sell opps. Keep in mind
that the conditions of your > test and mine were different as they
should be. Some systems work > better on different types of stocks
than others...that's not > uncommon. The beauty of being able to test
ahead of time is knowing > which system is likely to work the
best.> > A technical analysis should always be aware of
varying market > conditions.> > Preston>
> > --- In equismetastock@xxxxxxxxxxxxxxx, "DAVID H.
LINTON" > <dhlinton@xxxx> wrote:> > pumrysh>
> Can you tell me in some detail what you did. > > This is a
MetaStock exploration. As with all explorations, it is > intended to
scan a universe of stocks.> > If you copied it into a new
exploration and ran it on COKE and/or > KO, you would get a result
only if the stock was breaking out. It can > not identify selling
opportunities.> > Did you perhaps convert it into an indicator. If
so, please post > the code you used.> > David>
> ----- Original Message ----- > >
From: pumrysh > > To: equismetastock@xxxxxxxxxxxxxxx
> > Sent: April 4, 2003 2:49 PM>
> Subject: Re: [EquisMetaStock Group] Help with breakout
> exploration.> > > > > >
Tried your scan on coke and found more selling opportunities.> >
> > P> > > > --- In
equismetastock@xxxxxxxxxxxxxxx, "DAVID H. LINTON" >
> <dhlinton@xxxx> wrote:> > >
Here is a breakout scan I have been developing recently. >
> > > > > C >
Ref(HHV(C,10),-1) AND > > > Ref(LLV(O,10),-1) >
.95 * Ref(HHV(C,10),-1) AND> > > Ref(LLV(C,10),-1)
> .95 * Ref(HHV(O,10),-1)> > > >
> > Comments would be appreciated.>
> > Also, if anyone has the congestion and consolidation
formulae > > previously mentioned, please
post.> > > Thanks> > >
David> > > > > > >
----- Original Message ----- > > >
From: ct1942 > > > To:
equismetastock@xxxxxxxxxxxxxxx > > >
Sent: April 4, 2003 10:56 AM> > >
Subject: [EquisMetaStock Group] Help with breakout >
exploration.> > > > > >
> > > At one time I had two
explorations, one for breakouts and one > for >
> > breakdowns. I think they used a congestion
index formula and > a > > >
consolidation formula.> > > >
> > My hard drive crashed 3 months ago and
apparently these > > explorations >
> > were not backuped.>
> > > > > If someone
has these, I would appreciate their sharing them > with >
> me.> > > > >
> Thanks, > > > >
> > Cordell Thomas > > > >
> > > >
Yahoo! Groups Sponsor >
>
ADVERTISEMENT>
>
> > >
> > > >
> 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.To unsubscribe from this group, send an
email
to:equismetastock-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
To
unsubscribe from this group, send an email
to:equismetastock-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
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.
|