|
PureBytes Links
Trading Reference Links
|
Please advise if there a Metastock plug-in from Mesa ?
Regards William
<BLOCKQUOTE
>
----- Original Message -----
From: <A
href="">taforme
To: <A
href="">equismetastock@xxxxxxxxxxxxxx
Sent: Monday, December 22, 2003 10:17
PM
Subject: [EquisMetaStock Group] Re: MESA
sine wave
I have used MESA for quite some time and have read Ehler's
book on its basis. You should also consider searching for securities
that DO NOT have a smooth fit. Look for a "reverse S" in the leading
and sine waves of MESA as it goes from a valley near -1 towards a high
of near +1. Used with other indicators, this is good predictor of a
likely change, e.g. beginning an upward move, typically as MESA comes
off the high. This may not be the same for the time frame you are
looking at (25 periods), but it is useful when looking at shorter frames,
i.e. 5-7 periods. I prefer to use MESA for its ability to predict a
likely beginning of a new trend. A security must cycle "very
nicely" on a periodic basis for MESA to result in smooth sine wave.
Good trading,--- In equismetastock@xxxxxxxxxxxxxxx,
"zenzen" <zenzen@xxxx> wrote:> (I sent this to another metastock
group a while back but no-one replied)> > Hi there,>
Has anyone ever experimented with the MESA sine wave? It appears that
under> the right conditions it can be a pretty good indicator for
trading.> > Now, I'd like to get an indicator that gives a
reading of how 'smooth' the> sine wave is; and thus how tradeable
the signals are.> Here is a formula I've been working on - it kind of
works but I'd like> something better. Drop it into an indicator and
put it on your chart with a> default MESA sine wave using 25
periods.> > {MESA validity indicator - V0.1}>
theta0:=Atan(MESASineWave(25), MESALeadSine(25));>
theta1:=Ref(theta0,-1);> theta2:=Cum(If(theta0>=0 AND theta0<=170
AND theta1<=360 AND> theta1>=190,360,0))+theta0;> theta3:=
Mov(theta2,3,E)- Mov(theta2,5,E);> theta4:=BBandTop(theta3, 20, S,2)-
BBandBot(theta3, 20, S,2);> theta4;> > 1. theta0 uses the
atan function with the two parts of the MESA sine wave to> try to
determine the phase angle.> 2. theta1 is yesterday's value of
theta0> 3. theta2 because the angle of sin,cos etc goes from zero to
360 degrees, it> wraps around back to zero when it hits 360. This
'undoes' the wrapping and> adds on 360 degrees for each time it
wraps. Now we have a phase angle that> keeps going up from zero,
and it looks like a diagonal line> 4. theta3 is like a MACD on the
diagonal increasing theta2. It works out how> much the phase angle
increases each day, and thus how much further through> the cycle
the MESA sine wave is. A pure sine wave increases by exactly the>
same amount each day. a noisy sine wave increases by a different amount
each> day.> THUS the closer the mesa wave is to a pure sine wave
the lower this 'noise'> is.> 5. theta4 uses a Bollinger band
width to try and normalise the data a bit. A> lower reading means a
purer sine wave.> > The Mesa time periods and Bollinger band
settings are Metastock defaults.> The moving average uses fibonacci
numbers (no special reason, I usually pick> these as there is a
nice increasing scale of numbers to pick from)> > As I said it's
not particularly great but may help illustrate what I'm> talking
about. There is a certain amount of delay in the system, probably>
from the theta3 step. I think converting the MESA sine wave into a
phase> angle could be improved too.> >
Cheers,> Craig.
Yahoo! Groups Links
To visit your group on the web, go to:<A
href="">http://groups.yahoo.com/group/equismetastock/
To unsubscribe from this group, send an email to:<A
href="">equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
Yahoo! Groups Links
To visit your group on the web, go to:http://groups.yahoo.com/group/equismetastock/
To unsubscribe from this group, send an email to:equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|