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David,
HHV is highest high value...LLV is lowest low value
P
--- In equismetastock@xxxxxxxxxxxxxxx, "alitis" <alitis@xxxx> wrote:
> 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.
> ----- Original Message -----
> From: DAVID H. LINTON
> To: 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) AND
> 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)
> 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 -----
> From: pumrysh
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: April 4, 2003 11:38 PM
> Subject: Re: [EquisMetaStock Group] Help with breakout
exploration.
>
>
> Forgot the indicator
>
> 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)
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx>
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
> > >
> > >
> > >
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> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> > Service.
>
>
>
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