|
PureBytes Links
Trading Reference Links
|
Hi Alan
Use display option 1 (dynamic mode). All past weeks are set in concrete and can't change, but by
using the dynamic current week option the CLOSE for the week is taken to be the close of the last
bar of your data, be that Tuesday or whatever. The same will apply for indicators that use weekly
HIGH or LOW. Of course there can only be one OPEN, even for a dynamically developing current week.
In dynamic mode every indicator should plot exactly the same value as it would on a weekly periodicy
chart. You may not have noticed but the last bar of a weekly chart "evolves" as the week progresses.
The dynamic mode of my weekly indicators emulates that evolution.
Regards
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
> > >
> > >
> > >
> > >
> > >
> > >
> > >
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|