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Hi Preston,
Thanks for the help but its not the parameters but the results of
the exploration that I'm concern with. WMT on the exploration is
showing the opposite of what the exploartion is suppose to do. The
exploration formula was suppose to look for golden cross( meaning K%
greater than D%) but it gives a wrong result. The result it gives is
the value of D% is greater than the K%. Thats what I'm saying that
the results is not accurate or the desired results are not met.
And I'm seeking assistance to rectify this problem.
Thank you and really hope to resolve this exploration problem.
Thank you again for your kind assistance
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx> wrote:
>
> Lynn,
>
> Let me interject something that you may want to check.
> The variables that Jose' used were:
>
> { Variables }
> pdsK:=3;
> pdsSlow:=14;
> pdsD:=3;
> threshold:=50;
>
> With these settings I got a STCH of 51.29 and a SIG of 52.32 on
WMT
> for the 23rd. Changing the variables to the following:
>
> { Variables }
> pdsK:=14;
> pdsSlow:=3;
> pdsD:=3;
> threshold:=50;
>
> With these settings I got a STCH of 60.86 and a SIG of 53.25 on
WMT
> for the 23rd.
>
> This is nothing more than a matter of taste as to how many
stochastic
> periods you use and how much smoothing you do. Some traders like
the
> former over the latter.
>
> The Signal condition should have kicked out WMT so I'm going to
guess
> that your data may be a little closer. Unless the precision is
> defined, metastock will round off the data which may have happened
in
> your case. Check the precision function to see how this works.
>
> { Signal condition }
> Stch>signal AND Stch>threshold-10 AND Stch<threshold+10
>
> By all means plot the indicator as Jose' suggest in another window
in
> order to see the indicator at work.
>
>
> Preston
>
>
>
>
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "lynn14344" <darisr@xxxx>
> wrote:
> >
> > Hi Jose
> >
> > I'm sorry to say I dont understand what your trying to explain.
I
> > really am sorry. But if you look at the attached results you
will
> > find that the results does not meet the required criteria. Any
> > further simplier layman explaination please.
> >
> > Thank you
> >
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Jose" <josesilva22@xxxx>
> > wrote:
> > >
> > > Lynn, plot these two *indicators* in their own window below
your
> > > charts:
> > >
> > > ---8<------------------
> > > { Variables }
> > > pdsK:=3;
> > > pdsSlow:=14;
> > > pdsD:=3;
> > > threshold:=50;
> > >
> > > { Stochastic }
> > > Stch:=Stoch(pdsK,pdsSlow);
> > > signal:=Mov(Stch,pdsD,S);
> > >
> > > { Signal, Stochastic plot }
> > > threshold-10;threshold+10;signal;Stch
> > > ---8<------------------
> > >
> > > The first indicator plots a 3/14 Stochastic, 3EMA signal line,
as
> > well
> > > as the 60 and 40 threshold lines as per your suggestion.
> > >
> > > It's absolutely essential to keep a visual tab on our system
> logic
> > > with the aid of indicators, rather than take stabs in the dark
> > with
> > > explorations alone.
> > >
> > >
> > >
> > > ---8<------------------
> > > { Variables }
> > > pdsK:=3;
> > > pdsSlow:=14;
> > > pdsD:=3;
> > > threshold:=50;
> > >
> > > { Stochastic }
> > > Stch:=Stoch(pdsK,pdsSlow);
> > > signal:=Mov(Stch,pdsD,S);
> > >
> > > { Signal condition }
> > > Stch>signal
> > > AND Stch>threshold-10
> > > AND Stch<threshold+10
> > > ---8<------------------
> > >
> > > The second indicator is identical to the exploration filter
code.
> > >
> > > It says:
> > > Stochastic must be above its 3EMA signal line,
> > > AND Stochastic must be greater than 40
> > > AND Stochastic must be less than 60
> > >
> > > And that, is precisely what it does.
> > >
> > >
> > > It's in the nature of computing that there is no room for
> > ambiguity.
> > > At the same time, computers are unable to second-guess us or
make
> > > decisions for us. It cannot give us "good results" without
our
> > full
> > > input.
> > >
> > > The only possible efficiency improvement I can see here, has
to
> > > originate somewhere else outside the Metastock code. ;)
> > >
> > >
> > > jose '-)
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "lynn14344"
<darisr@xxxx>
> > > wrote:
> > > >
> > > >
> > > > Hi Jose
> > > > This a list of stocks under the NYSE and if I do an
exploration
> > on
> > > > the weekly chart based on the mentod you mentioned that is
> > > >
> > > > pdsK:=3;
> > > > pdsSlow:=14;
> > > > pdsD:=3;
> > > > threshold:=50;
> > > >
> > > > { Stochastic }
> > > > Stch:=Stoch(pdsK,pdsSlow);
> > > > signal:=Mov(Stch,pdsD,S);
> > > >
> > > > { Signal condition }
> > > > Stch>signal AND Stch>threshold-10 AND Stch<threshold+10
> > > >
> > > >
> > > > After I did an exploartion based on the last thurs trading
on
> > NYSE
> > > > 23/12/04, Only two out of all the stocks mentioned below
meets
> > the
> > > > criteria and the last one WMT doesnt meet it infact its in
> > opposite
> > > > direction.
> > > >
> > > > So this is what I meant by it does not give a good results.
Any
> > way
> > > > of improving it for better efficiency.
> > > >
> > > > Security Name
> > > > AIG AIG
> > > > AOT AOT
> > > > BMY BMY
> > > > C C
> > > > CPN CPN
> > > > HPQ HPQ
> > > > JPM JPM
> > > > KO KO
> > > > MWD MWD
> > > > OHP OHP
> > > > ONE ONE
> > > > RAD RAD
> > > > SGP SGP
> > > > WMT WMT
> > > >
> > > > Thank you very much for taking your valuable time in looking
at
> > my
> > > > issue.
> > > >
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