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Bharat,
I have a strong feeling that you have misunderstood the FFT in MS.
The FFT in MS gives three values.
What I suggest that you do a small experiment with a few widely traded
stocks (indicies). You would find three values, for the long term,
intermediate term and short. Now I assume that you are looking mainly
for the short term FFT output.
Decide and freeze on certain high and low values, use a mean (average)
and then use the output of the FFT to be greater than (less than) a
certain parameter which you freeze on.
I do not mean to sound discouraging, but the FFT only lets you know
the LENGTH of time the dominant cycle has lasted, and would actually
be useless to use as an input for an MA.
Assume that in a 1000 period test you have 800 300 and 200 periods of
FFT cycles.
So the MA you would derive would be 800 for the first leg, 300 and 200
for the 2nd and third legs.
Which is not a very sound method of constructing an MA.
And subsequently, which cycle are you going to use?
Please pardon me if I am misunderstanding your objective.
And btw, if you do use the FFT to construct a MA, use the ref,-1
function because the FFT will not plot on the last data point.
Dusant
--- In equismetastock@xxxxxxxxxxxxxxx, mudgalbharat <no_reply@xxxx>
wrote:
> Hello
>
> The value of FFT can be anythingit could be anything from 10 to 1700
> or higher so writing so many IF statements would not do the task !!
>
> regards
>
> Bharat Mudgal
>
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx>
wrote:
> > Bharat,
> >
> > To learn about the formula language go to the files section and
> > download the Metastock Formula Language book in either pdf or zip
> > format. Once you've done that you will be better prepared to make
> the
> > correct decision about how you want the formula to work. I would
> also
> > suggest that you open a chart with a price plot in one window and
> the
> > FFT in another.
> >
> > The basics of the formula will use one moving average if the FFT
> has
> > a certain value and another moving average if the FFT has a
> different
> > value.
> >
> > Let's say the FFT has the following values of 10, 20, and 30. Your
> > plan is to reflect those values in your moving average. You would
> > write the following:
> >
> > MYMA:= if(FFT=10,mov(close,10,e),if(FFT=20,mov(close,20,e),if
> > (FFT=30,mov(close,30,e),mov(close,3,e))));
> > MYMA
> >
> > Note that in the formula above if the FFT does not exactly equal a
> > value of 10,20,or 30 you would get a 3 day moving average or
> > mov(close,3,e). You may wish to change these parameters to ranges
> of
> > 5 to 15, 16 to 25, and 26 to 35 instead. This would be
> accomplished
> > by using
> > if(FFT>5 and FFT<15,mov(close,10,e).
> > This is something that you will need to decide based on the values
> of
> > the FFT that you see on your chart.
> >
> > You may also find it beneficial to visit a couple of formula sites
> to
> > determine how others have used the "if" statement. Hope this
helps.
> >
> > Preston
> >
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, mudgalbharat
> <no_reply@xxxx>
> > wrote:
> > > Hello Preston
> > >
> > > I do not have any idea about metastock formula language, or i
> can
> > > say i have very very little knowledge about it. Can you help me
> > with
> > > the said 'if' statements??
> > >
> > > regards
> > >
> > > Bharat
> > > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx>
> > wrote:
> > > > Bharat,
> > > >
> > > > Unless you have an adaptive DLL you will need to use if
> > statements
> > > to
> > > > construct the moving average. You might also want to recheck
> the
> > > > parameters of your FFT to make sure it will give you a value.
> > > >
> > > > Preston
> > > >
> > > >
> > > >
> > > > --- In equismetastock@xxxxxxxxxxxxxxx, mudgalbharat
> > > <no_reply@xxxx>
> > > > wrote:
> > > > > I want and indicator which would consider the current value
> of
> > > the
> > > > > Fast Fourier Transform ( FFT ) as the constant.
> > > > > Example :
> > > > > TO plot a 200-Period Simple Moving Average, the formula used
> is:
> > > > > Mov(CLOSE ,200, simple)
> > > > >
> > > > > What I want is that instead of '200' the indicator fetches
> the
> > > > > current value of the FFT and plot the indicator...so the
> > formula
> > > > > should look like this: Mov(CLOSE ,value_of_FFT, simple)
> > > > >
> > > > > The default formula ( with parameters )for FFT is FFT(
> CLOSE,
> > > 100,
> > > > > 1, DETREND, POWER )
> > > > >
> > > > > regards
> > > > >
> > > > > Bharat Mudgal
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