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You say your indicator seems to work.
Let's see if the buy sell logic works. To do that make another indicator.
Give it another name.
This indicator will give the buy sell signals so we can see if they are
working.
Something like: nhnl buy sell signals
nhnl:=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);
signal:=If(cross(nhnl,0.3)=1,1,If(cross(0.7,nhnl)=1,-1);
signal
This indicator should plot a 1 when you get a buy signal above 0.3 and a -1
when you get a sell signal below 0.7 and a 0 the rest of the time.
By doing this as an indicator you can visually see if the buy sell signals
are occurring when you want them to.
Then you can debug your logic until the signals make sense. After that you
go back to the system tester.
Give it a try.
----- Original Message -----
From: "metastockuser" <metastockuser@xxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Tuesday, May 04, 2004 2:35 PM
Subject: Re: [EquisMetaStock Group] What's wrong with this formula for
Enhanced System Te
> Still not working. I tried both ways. Something not quite right.
>
> One thing that bothers me is that the metastock Broader market groups
> has two files for each symbol in that folder. Their ticker appears to
> be the same, but the discription says one is daily data and one is
> weekly data. Im wondering how it knows which data to use in a case
> like this.
>
> Take Nasdaq New Highs Daily ticker is X.NASD-H Weekly ticker is X.NASD-H
>
> I wonder if one of the tickers may be calling up daily and one may be
> calling up weekly and thus things are screwed up.
>
> In any case. going X 100 didn't work or looking for say .30 rather
> than 30 didn't work.
>
>
>
> --- 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
> > >
> > >
> > >
> > >
> > >
> > >
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
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