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Joe
I can see from the initial results it
will need some tweaking because there should have been a trigger much
sooner at least on the SPY. Once I get this working I can fine tune it to
eliminate the bad signals and hopefully get some better ones. All without "Black
Hand" or curve fitting if at all possible. I might drop the RSI as the CCI seems
to be simply a "faster" indicator
I will give this a shot but what I am trying to do
is scan through hundreds of stocks for this set up. Something I do now but is
very impractical and virtually impossible to do without an expert to scan 2000
stocks every.
It would be nice to simply run a scan for stocks
over 50dma etc to eliminate some but it doesn't seem possible to copy and paste
only a portion of a scan.
Martin BlainBurlington Ontario
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Joe J.
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Tuesday, March 16, 2004 5:57
PM
Subject: RE: [Metastockusers] Re: Weekend
Analysis 07 Mar 04
<FONT face=Arial color=#0000ff
size=2>Martin,
<FONT face=Arial color=#0000ff
size=2>
I've
taken what Preston suggested and built two indicators in the custom indicator
section as follows:
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>-----------------------------------------
<FONT face=Arial color=#0000ff
size=2>
<SPAN
class=215244122-16032004>{This
identifies the candle pattern on which to go long}
<FONT face=Arial color=#0000ff
size=2>CandLong:=If(Hammer() OR BullHaramiCross() OR LongLowerShadow() OR
RisingWindow()OR 3WhiteSoldiers() OR
EngulfingBull(),1,0);
<FONT face=Arial color=#0000ff
size=2>CandLong;
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>-----------------------------------------
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>{This identifies the setup that you are looking for when the
CandLong signal is generated}
<FONT face=Arial color=#0000ff
size=2>Setup:=If(CLOSE < Mov(C,20,E)ANDCLOSE >
Mov(C,70,E)ANDMov(C,20,E) >
Mov(C,50,E)ANDRSI(21)<50ANDCCI(7)<100,1,0);
<FONT face=Arial color=#0000ff
size=2>Setup;
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>---------------------------------------
<FONT face=Arial color=#0000ff
size=2>
Plot
these two indicators on your chart separately (you could do them together but
this seemed more useful). Plot them as histograms. When they are
both showing 1's, you have a valid long signal. This seems to be working
since I only have one entry signal for the SPY (see chart attached) since
about mid-2000.
<FONT face=Arial color=#0000ff
size=2>
You
can easily convert these into signals within the system tester, the
explorer or create an expert for it. As always, make sure you are
loading enough data to fuel the computations
accurately.
Good
Trading,
Joe
J.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Tahoma
size=2>-----Original Message-----From: Martin Blain
[mailto:martin@xxxxxxxxxxxxxxx]Sent: Tuesday, March 16, 2004 1:42
PMTo: Metastockusers@xxxxxxxxxxxxxxxSubject: Re:
[Metastockusers] Re: Weekend Analysis 07 Mar
04PrestonI have spent so much time on this I
think I have developed carpel tunnelsyndrome.I really am at a loss.
I know what I want to see and I fully believe that Iam on the road to
creating an expert that will buy the dips in an uptrend.I faxed the
basic structure to Metastock. For a 30 buck minimum they willprovide a
formula. In the mean time I will keep trying different ideas asthey come
up.Martin BlainBurlington Ontario----- Original
Message ----- From: "P Umrysh" <pumrysh@xxxxxxxxx>To:
<Metastockusers@xxxxxxxxxxxxxxx>Sent: Tuesday, March 16, 2004
11:00 AMSubject: [Metastockusers] Re: Weekend Analysis 07 Mar
04> Martin,>> I tried your code and can see
where the bad signals occur. The best> way that I know to test the
code and correct the erroneous signals is> to create a binary buy
signal indicator and plot it on a chart.> Like this:>>
{BUY}> RSI(21)<50> AND> CCI(7)<100>
AND> C>Mov(c,70,e)> AND> C<Mov(c,20,e)>
AND> (Mov(C,20,E) >Mov(C,50,E))> and> (Hammer() or
BullHaramiCross() or LongLowerShadow() OR RisingWindow()> OR
3WhiteSoldiers() OR EngulfingBull())>> This will produce a 1
when the condition is true. Next add the RSI> and CCI to the chart.
Plot your MA's on the price. Next open up the> binary and bracket out
{} the different sections one at a time. I> think the candles are
okay. I would focus on the timeframes. Just off> the top of my head I
see a short-term CCI with a intermediate-term> RSI. Hope this
helps.>>>
Preston>>>>> --- In
Metastockusers@xxxxxxxxxxxxxxx, "Martin Blain" <martin@xxxx>>
wrote:> > Dusant> > The code seems to work well when it
works. It just that it picks up> the wrong signals sometimes. I
realize I could just ignore bad> signals. My biggest problem lies
with the and(s) and or(s)> > Martin Blain> > Burlington
Ontario> > ----- Original Message ----- >
> From: Dusant> > To:
Metastockusers@xxxxxxxxxxxxxxx> > Sent: Tuesday, March
16, 2004 6:53 AM> > Subject: Re: [Metastockusers]
Weekend Analysis 07 Mar 04> >> >>
> Martin,> >> > Would love to
test it out, but unfortunately, I cannot do an> extensive. My website
is taking more of my time. What I can suggest> is that you create an
expert, with signals, so that you can scroll> thru a number of stocks
in a very short while. It will give you> a "gut feel" of the
system.> >> > Dusant>
> Chief Architect> >
http//www.candlestrength.com/> > -----
Original Message ----- > > From: Martin
Blain> > To:
Metastockusers@xxxxxxxxxxxxxxx> > Sent:
Monday, March 15, 2004 5:41 PM> > Subject:
Re: [Metastockusers] Weekend Analysis 07 Mar 04> >>
>> > Dusant>
> Could you help with a little code I am working
on. Any help> would be appreciated.>
> I am trying to say that the stock is below
20dma but above> 70dma. The 20dma is above the 50dma. This last part
doesn't seem to> work all the time. Same for the Candlesticks.
Sometimes I get false> signals.> >>
> BUY> >
RSI(21)<50 AND CCI(7)<100 AND C>Mov(c,70,e) AND
C<Mov(c,20,e)> AND (Mov(C,20,E) >Mov(C,50,E)) and (Hammer()
or BullHaramiCross()> or LongLowerShadow() OR
RisingWindow() OR 3WhiteSoldiers() OR> EngulfingBull())>
>> > SELL>
> C<Mov(c,75,e) AND C<Mov(c,50,e)>
>> >> > Martin Blain>
> Burlington Ontario>
>>>>>>> Yahoo! Groups
Links>>>>>>
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