|
PureBytes Links
Trading Reference Links
|
Here's a few: Aroon; DEMA; Directional Movement Index; Forecast Osc;
Four Percent model; Herrick; Inertia; Linear Regression; MACD; MESA
Sine; all moving averages; Qstick; R-Squared.
There are others.
JO
--- In Metastockusers@xxxxxxxxxxxxxxx, "eastwind987" <dm999@xxxx>
wrote:
> JO,
>
> What other vertical indicators does ICE use? I understand what
> Volatility and Volume indicators are, but what is a Vertical
> indicator? Can you give us the names of a few? Thanks.
>
> DM
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "manohohman" <kelols@xxxx>
> wrote:
> > Previously I had mentioned I had used ICE to finish the
development
> > of a trading system that I had been working on. I was looking for
> > ways to incorporate into my present system a bit more information
> on
> > sizing trades. I also explained that ICE had saved me a lot of
time
> > in doing this, and that alone made it easily worth the price.
> >
> > I have another experience to share. Sometimes I'll trade only one
> > security for days at a time. Maybe it's the Qs or SPYs, as an
> > example. I will also decide the time frame based on market
> > volatility.
> >
> > As I change time frames, or switch securities, the various
> indicators
> > in my system, while still working good, but are not optimal. I
> > understand this, and it's obviously why I have more than one
> > indicator in my system, as we all do.
> >
> > Today, I took a couple of the stocks I sometimes use for that
style
> > of trading and decided to see what ICE had to say about my
> > indicators.
> >
> > What I got surprised me. On one of the securities, ICE told me r-
> > squared was as a very profitable indicator. R-squared is a
> > correlation coefficient, and can be difficult to trade with, but
> ICE
> > was telling me it showed the best performance across all 70
> > indicators I had tested and was definitely the vertical leader by
a
> > wide margin.
> >
> > I fooled around with it on a chart and finally isolated the best
R-
> > squared coefficient for that stock in my particular time frame. R-
> > squared is a measure of the correlation of stock price movement
to
> a
> > linear trend over time.
> >
> > I usually use the ADX for my strength of trend information, and I
> > didn't really want to put an R-squared indicator on my chart, so
I
> > wrote it as a highlight formula. (Very simple!). When I set it up
> as
> > a highlight, it was terrific at telling me when a trend was
strong--
> -
> > in other words, when to put more into the trade. In fact, it
turned
> > out to be much better than the ADX for that stock in that time
> frame.
> > It worked just like ICE implied it should. I would have never
> guessed
> > or even tested R-squared on this security, much less suspected it
> > would out perform the ADX.
> >
> > Then I decided to see how it faired on one of the other ETFs I
was
> > trading in the same time frame. It was really poor. However, ICE
> told
> > me MACD was the best. But when I optimized it, I got a weird
number
> > for the opt variable. I got a 1. If you open MACD with a 1 for
the
> > signal time periods, you get a line that oscillates around 0. As
it
> > turns out, for this security on my particular time frame, the
> > crossing of 0 by the MACD gave great signals for trend changes.
> >
> > Again I programmed it as a highlight indicator. I've programmed
and
> > tested around a hundred highlight formulas trying to find the
best
> > trend indicator that I could. Basically, I had settled on an
Aroon
> > formula that I had written, which has tested out as the best I
have
> > seen for my purpose.
> >
> > When I tested the MACD highlight code on this security in the
time
> > frame I'm trading it in, it beat the Aroon code significantly. It
> > really amazed me how much of a difference it made. The Aroon code
> was
> > equally as good at detecting the trend changes, but the MACD code
> was
> > smoother and more precise, which equals the ability to see the
> trend
> > change sooner and stick with the trade longer---i.e. more profit.
> >
> > Of course, I'll have to trade with it for a while to be sure it
> > works properly and changes in a timely fashion. One problem with
MS
> > is it doesn't have a simulator function to test systems on the
> right
> > edge with historical data feed. That's a major issue for me, and
> not
> > one that Equis is likely to fix.
> >
> > I don't know if you'll get as much out of ICE as I have. If you
> don't
> > have much experience, it will show you what indicators work best
on
> > what you want to trade and it will show you how to eliminate
> > colinearity issues, which is important. However, you likely won't
> be
> > able to do some of the things with it I've just described.
> >
> > If you are experienced, and do some thinking, you can get some
> really
> > valuable information for tweaking out your current systems, or
for
> > building new ones. It takes patience, some study, some thinking
and
> > some applications knowledge, but in the end what I've gotten is
> going
> > to make me a few more percentage points a year—maybe more!
> >
> > I still can believe it only cost $99. I've mentioned the manual
> > problem and the missing table of opt values for each indicator,
> which
> > is a problem. That's part of the reason it's still only $99.
> > However, that said, of all the plug-ins I've tried (and I've
tested
> a
> > bunch) this is the only one that really gave me something that's
> > going to improve my trading. I can't promise you what you will
get
> > because that depends on you. Nothing is completely automatic, or
> fool
> > proof, but this is good.
> >
> > JO
> >
> > P.S. The formulas are passworded. If you want something that
gives
> > you the code, this isn't it. ICE is not written in simple MS
code.
> > Not only does it give you the optimized variables, it gives you a
> > stop level and the indicators are normalized against one and
other.
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Rent DVDs Online - Over 14,500 titles.
No Late Fees & Free Shipping.
Try Netflix for FREE!
http://us.click.yahoo.com/xlw.sC/XP.FAA/3jkFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|