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So, now I'm curious.
Does this signal generate profitable signals?
----- Original Message -----
From: "metastockuser" <metastockuser@xxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 05, 2004 1:14 AM
Subject: Re: [EquisMetaStock Group] What's wrong with this formula for
Enhanced System Te
> OK Tom,
>
> I have it and I feel pretty stupid. The last time I used the system
> tester I was building a short system. I left it toggled to short but
> of course, here, was only trying to build a long system.
>
> You did help in that you spotted my error in looking for values
> ranging between 0 and 100 but that my formula was generating between 0
> and 1.
>
> You've also taught me that trick of how to plot a signal to debug
> what's going on. It actually also helped. Knowing the signal was
> working...I went back to the system tester trying to determine why it
> would not take a trade, and spotted the setting that was off.
>
> Thanks for all your efforts. Good trading to you, sir.
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Tom Sprunger"
> <tlsprunger@xxxx> wrote:
> > oops.... had mistake in the signal logic.
> > should be:
> >
> > signal:=If(cross(nhnl,0.3)=1,1,If(cross(0.7,nhnl)=1,-1,0);
> >
> >
> > ----- Original Message -----
> > From: "Tom Sprunger" <tlsprunger@xxxx>
> > To: <equismetastock@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, May 04, 2004 3:12 PM
> > Subject: Re: [EquisMetaStock Group] What's wrong with this formula for
> > Enhanced System Te
> >
> >
> > > 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@xxxx>
> > > 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
> > > >
> > > >
> > > >
> > > >
> > > >
> > >
> > >
> > >
> > >
> > >
> > > Yahoo! Groups Links
> > >
> > >
> > >
> > >
> > >
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
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