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Hi Roy,
Thanks for your document. I've a question that may be of general
interest.
Your excellent weekly indicators allow the user to specify the last
trading day of the week (normally Friday).
Elder says that when using weekly indicators to determine the longer
term trend, you can't wait till Friday to see what the weekly trend
is. He says the weekly trend should be recalculated daily.
Here's a scenario:
Assume that today is Tuesday. I want to know whether to trade my
system tomorrow. When I use your weekly indicators, do I specify
that the last trading day is Tuesday, in order to get the trend at
EOD today?
Regards,
Alan
--- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
wrote:
> Hi Alan
>
> I'm sending the document to you off list in case you don't get
group emails
>
> Roy
>
> ----- Original Message -----
> From: "Alan Davidson" <alan_davidson22@xxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Tuesday, May 11, 2004 1:28 AM
> Subject: [EquisMetaStock Group] Write-only weekly indicators
>
>
> > Hi Roy,
> >
> > I'd be grateful if you could give me a quick explanation of any
one
> > of your weekly formulas on Jose's Pegasus site.
> >
> > Because of AD (Advancing Decline), I've been finding it difficult
to
> > adapt to the MetaStock formula language. So I've taken the easy
way
> > out and bought AmiBroker after a comprehensive trial (30
minutes).
> >
> > The formula language is more like C or Java, so I find it much
> > easier. In three hours, I've re-written three months' worth of
> > MetaStock code that I sweated blood over. Unfortunately, I can't
> > rewrite your write-only formulas, because I don't understand them.
> >
> > I'm currently using your ADX, RSI - Close, and MACD - Close. I'd
be
> > grateful if you could select any one of these solid gold nuggets
and
> > give me an assay (essay?). I already understand the first part,
> > where you test whether the data is weekly or daily. (No, I didn't
> > work it out for myself, you told me on this newsgroup :-)
> >
> > Regards,
> > Alan
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
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