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This forum is great. Check out my metastock forun on www.e-signal.com
-----Original Message-----
From: "Dusant@xxxxxxxxxxxxxxxxxx" <dusant@xxxxxxxxxxxxxxxxxx>
Date: Thu, 19 Feb 2004 20:57:47
To:<Metastockusers@xxxxxxxxxxxxxxx>
Subject: Re: [Metastockusers] Projecting An Indicator Value Ahead
Kevin,
It is my honour and privilege to be in esteemed company here, and I really enjoy the interaction.
I have learnt a lot from here, and have no hassles in "giving something" back. Whatever I can.
Sure, your code for explorations would be welcome. Who knows, Jose or Roy may even polish it up and enhance it for all of us to share.
Dusant
Chief Architect
www.candlestrength.com
----- Original Message -----
From: Kevin
To: Metastockusers@xxxxxxxxxxxxxxx
Sent: Thursday, February 19, 2004 20:34 PM
Subject: Re: [Metastockusers] Projecting An Indicator Value Ahead
Hello Dusant,
Thanks for your comments. You may well be right.
Thanks too for your regular and interesting postings. And speaking of Fibonacci, I have written an exploration that detects stocks whose price has hit a fib level. It's not rocket science but it did involve a lot of typing! If you're at all interested, let me know and I'll post it.
Regards,
Kevin
At 22:21 18/02/2004 +0530, you wrote:
Kevin,
What you are asking is a matter of both price and time. Therefore, its really is not possible to project both time and price in an indicator. Yes, the upper and lower levels of a trigger can be calculated one day in advance.
There was something written about Reverse Engineering the RSI, and the formulae are also available in various places.
Personally, I have tried using this method, and found that it does not in any way enhance my trading.
I still feel the trailing stop loss method to be the best to lock in profits, and the fibonacci extensions to "project" price targets.
My very humble opinion.
Dusant
Chief Architect
www.candlestrength.com ----- Original Message ----- From: Kevin To: Metastockusers@xxxxxxxxxxxxxxx Sent: Wednesday, February 18, 2004 21:23 PM Subject: [Metastockusers] Projecting An Indicator Value Ahead
Hello,
Signals are given when a certain event occurs, e.g. two moving averages cross over and/or the RSI crosses below, say, 70.
Has anybody looked a way of formulating ahead of time the price that an equity has to hit in order to trigger a particular signal? For example, let's say that on a certain day the price of a stock is 75, the value of the 20MA is 80 and the value of the 50MA is 85. What will the price of the stock be if and when the 20MA crosses above the 50MA? How many days ahead would one be able to calculate it?
So, let's say that you would initiate a long trade when, say, the 20MA crosses above the 50MA as long as the RSI(14) is greater than 50. Rather than wait until one notices that this combination of events has occurred, could one instead place a limit buy order in the market ahead of time, at a specific price, confident that if the order is executed, the MA and RSI signals have actually been triggered? If so, how far ahead?
Any comments?
Regards, Kevin
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