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Mike,
Thanks very much for going another round with me. Your explanation has
indeed clarified matters. I didn't see that the trend according to EMA(55)
had reversed a couple of times.
Philip
At 02:35 PM 12/6/2003, you wrote:
>Hi Philip,
>
>Have a look at the jpeg attached.
>
>On the chart: 55EMA = heavy blue; 13EMA = Purple; 8EMA = Magenta
>The indicator windows: top (heavy blue) = rising 55EMA; next (heavy
>magenta) = 8EMA above 13 EMA; next one (blue) = metarockx Signal; last one
>(purple) = my Signal
>
>Note the multiple occurences of the 8EMA/13EMA cross that do not create a
>signal.
>Note that the first cross after the 55EMA kicks up always results in a signal.
>
>I think it is doing what you describe below.
>
>I think your problem is with your definition of "Trend"; maybe you SEE a
>trend that commences after the March 2003 pullback and in your mind this
>trend is still intact; however, your "Trend" indicator is the rising 55EMA
>and this has experienced four reversals since the March low; admittedly 3
>of them were one day reversals and one lasted 2 days - still sufficient to
>reset the Signal ready for the next 8EMA/13EMA cross (in your indicator as
>it is currently written).
>
>I often find that dissecting a multiple condition indicator like this into
>its compenents and plotting them separately helps me to see exactly what
>is happening.
>
>Trust this assists.
>
>Good trading,
>Mike
>
>
>
>-----Original Message-----
>From: salzburg10708 [mailto:pschmi02@xxxxxxxxxxx]
>Sent: Sunday, 7 December 2003 5:41 AM
>To: Metastockusers@xxxxxxxxxxxxxxx
>Subject: [Metastockusers] Re: Writing code for "the first time an event
>happens"
>
>Strongly agree about posting to the list, Mike. You beat me to the
>punch. :-)
>It never ceases to amaze me how difficult it is to express exactly
>what one would like to code, and I woke up this morning realizing that
>I STILL have not put into precise terms what I want to explore for.
>Judging from the .jpg you sent, your code and that of metarockx,
>generates a signal every time the event takes place subsequent to the
>trend kicking in. But the only event I want to identify is the first
>one of its kind when none other of its kind has preceded it since the
>trend condition kicked in.
>Let me try one more time:
>1. Trend condition obtains
>2. Retracement condition obtains today, BUT
>3. as of yesterday, the retracement condition has never obtained since
>the trend condition was first true.
>So if today represents the second, third or "x" time the retracement
>condition has occurred since the beginning of the trend, that's not
>what I'm looking for.
>Let's make believe I could write the following condition:
>Condition1:= ALERT(fml("retracement"), since the beginning of the
>trend);
>Well, what I'm looking for is: condition1=false.
>Generally I can express myself reasonably well, but in this case I'm
>evidently verbally challenged. What a way to start of on a new list!
>For those of you who are losing patience with me, please hang on one
>more round.
>Philip
>
>
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