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Thanks Tom, I shold have worked it out by hand to test it.
--- In equismetastock@xxxxxxxxxxxxxxx, "Tom Sprunger"
<tlsprunger@xxxx> wrote:
> There is nothing wrong with your formula. It is your trigger. Your
formula
> output value will range between 0 and 1.0. As it is set up it is not a
> percent, rather it is a decimanl value.
> So all you have to do is change your trigger from 30 to 0.3 and it
should
> work.
>
> If you wish to have it in percent, then multiply the entire formula
by 100
> and your trigger 30 should work.
>
>
>
> ----- Original Message -----
> From: "metastockuser" <metastockuser@xxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Tuesday, May 04, 2004 10:13 AM
> Subject: [EquisMetaStock Group] What's wrong with this formula for
Enhanced
> System Tester??
>
>
> > I'm attempting to recreate a formula at Market Gauge. I've come pretty
> > close to recreating it as an indicator but can't get it to run as a
> > system test or Exploration. No Buys Generate and that is my issue.
> >
> > Here is their explanation of the formula....
> >
> > New High/New Low Ratio: The daily number of new highs divided by the
> > sum of new highs and new lows. The indicator is the 10-day moving
> > average of this ratio.
> >
> > I've created the formula
> >
> > Mov(Security("C:\MetaStock Data\BM
> > Data\X.NASD-H",C)/(Security("C:\MetaStock Data\BM Data\X.NASD-H",C)
> > +Security("C:\MetaStock Data\BM Data\X.NASD-L",C)),10,S)
> >
> >
> > and it appears to work as an indicator. I get a plot of the average
> > and the indicator is very close to what they get.
> >
> > This looks very close to their indicator at this web site.
> > http://tal.marketgauge.com/dvMGPro/Charts/charts.asp?chart=OCHILO
> >
> > But if I set it as a buy signal in the Metastock Enhanced system
> > tester....the indicator never generates a buy. Below I simply set it
> > up as >30 to create a buy. Obviously you can see that I'm referencing
> > the location of the Highs and Lows data on my hard drive in the
> > formula. I'm guessing it's how I'm accessing the highs and lows
> > that's messing me up???
> >
> > I have tried using the formula, tired using the indicator...no buy
> > generates when running it against the Nasdaq Composite in the Enhanced
> > System tester. But looking at the indicator output...buys should
> > generate.
> >
> > Mov(Security("C:\MetaStock Data\BM
> > Data\X.NASD-H",C)/(Security("C:\MetaStock Data\BM Data\X.NASD-H",C)
> > +Security("C:\MetaStock Data\BM Data\X.NASD-L",C)),10,S) > 30
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
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