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Dusant,
Thanks for the info. I am currently trading the currency market and
found that the Turtle Breakout system 1 works well to cover the
trending market moves. However, it does poorly in the sideways
market conditions as the entry and exits are fired later to make sure
the market is in an actual trend. I found that applying the
detrended price oscillator, with periods of 50, removed the signals
fired by the turtle system during the sideways market but left the
signals fired during long trends. (only buy when below 0 centerline
and only sell when above 0 centerline) Coupled with only have the
trading indicator set for the most active hours of London and New
York times, there were very few sideways market buy/sell signals
fired, leaving minimum loss. I am sure that there is another
oscillator or stochastic that could "properly" be set to what I am
looking for, but the detrended price oscillator seemed to work the
best, except its not able to work with the realtime signals fired by
the turtle system. Also, I have dynaorder execute my orders for me
through refco forex based on my systems since I like to sleep from
12:00AM to 8:00AM which is the London and New York hours for me.
I have also had some pretty good results with the 4 day range switch
indicator. However, on some of the long trends, the minor
fluctuations cause it to create temporary opposite signals just to
have them revert 10 min later. The Turtle system didn't have this
problem but its entry and exit signals aren't as early or accurate to
secure the most profit. Would it be hard to adjust the 4 day range
switch to create a 5 day range switch? I compared the code of the 2,
3, and 4 day switch and it seems like only 1 line of codes needs to
be altered. However, it doesn't just look like repeatable code needs
to be pasted in that I could easily do with my current little
knowledge of metastock programming. So, would it be that hard to
alter? Sorry for all the questions but I would like to gain better
insight into the actual inner workings and programming of the
indicators.
Thanks again,
David
--- In equismetastock@xxxxxxxxxxxxxxx, "Dusant" <dusant@xxxx> wrote:
> David,
> You would need some mathematical jugglery to plot the DPO, using
the slope, vis a via the time periods which the last periods it
displays.
> Alternatively, you would need to "mirror" the previous periods.
> Its simple actually, you would need to write the same code over and
over again, to achieve what you want.
> Not worth the trouble actually, because, the DPO will provide a
clue just eye-balling the chart.
> Dusant
> Chief Architect
> http://www.candlestrength.com/
>
> ----- Original Message -----
> From: "David" <junk@xxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Saturday, May 01, 2004 4:34 PM
> Subject: [EquisMetaStock Group] Detrended Moving Oscillator
>
>
> > Hello,
> >
> > I am new to this group and look forward to all the input that
> > everyone has to offer. I have a question that hopefully someone
can
> > answer. Is it possible to form a detrended price oscillator
without
> > the gap left at the end when using large time periods, ie. 50? I
> > realize the data doesn't exist in essence as the indicator is a
> > shifted moving average that is centered back (n+2)/1 as I
understand
> > it. However, I have been trying to produce code to make a
similar
> > indicator that very closely resembles its results but have been
> > coming up short. I need it to have the same points of
intersection
> > through the 0.00 horizontal line and have the same distance
between
> > the center line on the bottom and top. Basically, an exact copy
of
> > the detrended price oscillator but with the end averaged as well
> > to "the best it can"... I worked together a set of indicators
that
> > relies on this one to return consistent results and minimize
losses
> > in a sideways market. Other oscillators don't seem to fit the
bill
> > for what I need. Any help would be greatly appreciated.
> >
> > Best Regards,
> > David
> >
> > P.S.: Here is the code I am messing around with:
> > CLOSE-Ref(Mov(CLOSE, 50, EXPONENTIAL),0)
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
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