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Thanks, I will give it a try. perhaps I can overlay it and compare
it to the Metastock line and see.
Problem one is that the MACD() is a locked formula according to the
book, based on a ratio. That ratio achieves the results I want.
Yes, the signal appears to be late but it appears to keep me in the
money.
Hopefully the bumps will at least alert me to changes and then I can
compare it. I was also wondering if a linear regression line with
little tolerance could be placed on it.
Boy it's tough to make money *L*
--- In equismetastock@xxxxxxxxxxxxxxx, "Peter Kuskopf"
<pkuskopf@xxxx> wrote:
> A simple approach to picking a top or bottom is something like:
>
> MACD() < ref(MACD(),-1) and ref(macd(),-1) > ref(macd(),-2)
>
> Is this what you're after?
>
> It's a definite change in direction but it signals up to a month
late, and it might signal minor wobbles as well as major tops.
>
> If you visual checks are achieving 90% success rate, it sounds
like you might be visually picking tops in hindsight which can
probably not be achieved with an objective formula such as the above.
>
> Peter K
>
>
> ----- Original Message -----
> From: secutorca
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Tuesday, October 21, 2003 9:28 AM
> Subject: [EquisMetaStock Group] Re: MACD Screening
>
>
> Thanks for the information, it is an interesting site. However,
I
> would rather use metastock to screen and test if I can.
> Additionally, I am primarily in the Canadian market.
>
> Lastly, I am trying to back test data on charts. So far on the
few
> I have covered [14 - 2 US stocks] over a 5 year period, based
solely
> on MACD it has returned 117 winning trades out of 127 or about
93%
> if you go short in a sell, cover and go long on a buy. If you
go
> long, the results were 66 wins out of 73 trades or about 90.4%.
>
> What I need to do is see if this is coincidental or consistant.
I
> also know that the MACD redraws itself as new stock prices are
> downloaded. I therefore need to try to catch a stock very soon
> after the indicator turns so that I can see what impact if any
it
> would have on the trading results.
>
> In order to do this I need to explore the change of angle on the
> Monthly MACD of the stocks I am watching [about 980], the date
of
> the change, and ultimately - what date the chart shows at some
> future time.
>
> The next thing I need to do is to try to automatically test the
> system, with no outside interpretation based on trading on the
> turning of the indicator.
>
> Finally, I would like to receive data from others who have
checked
> the dates - so that I know how many months to calculate for
short
> interest charges etc. While I am working on it - to get a
> significant sample it will take a long time.
>
> Unfortunately, I have no programming skills and my math is
getting
> taxed just doing the spread sheet. Any assistance would be
greatly
> appreciated.
> --- In equismetastock@xxxxxxxxxxxxxxx, manohohman
<no_reply@xxxx>
> wrote:
> > Forget screening yourself. Just go to
> >
> > http://www.marketscreen.com/report/index.asp?chp=averages
> >
> > You can find what you want there.
> >
> > JO
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "secutorca"
<secutor@xxxx>
> > wrote:
> > > Does anyone know how to do an exploration for tops and
bottoms
> of
> > > the MACD monthly, and test as system for them.
> > >
> > > Am also looking for people who would be willing to send me
data
> on
> > > stocks to see the success rate over numerous stocks.
> > >
> > > All assistance would be appreciated.
> > > I can be contacted at secutor@xxxx
>
>
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