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K U R E K C I,
I have used the Trend Intensity Index as a basic trend filter since
it was introduced in TASC by M.H. Pee. I have substituted this for
ADX as it is much easier to interpret. Here's the formula:
x:=Input("number of periods", 5,100,20);
ma:=Mov(C,2*x,S);
sdp:=Sum(If(C-ma>0, C-ma,0),x);
sdm:=Sum(If(ma-C>0, ma-C,0),x);
(sdp/(sdp + sdm)) * 100
Pee's default period is 30 but I found 20 more useful. Simple.
Hope this helps.
--- In Metastockusers@xxxxxxxxxxxxxxx, "K U R E K C I" <kurekci@xxxx>
wrote:
> superfraga, i kindly thank you for your effort. but i am terribly
that i couldnt see anything special with the floowing code. in which
way it gives a prediction? you can see the consolidation when you
look at the prices, when there is a break out the ama also moves, how
do you use it? i thik it may be that you may like its smoothing
function?
>
> do you plot it on the prices? i even tried boll. bad with of ama
but still couldnt find it valuable. the only thing i may see is the
contraria trading, that is if prices are consolidating wait for some
volatility to come, but it is of course observable when you monitor
the prices or draw a support/ressistace manually. i added a mov avg
to the ama still there are swings, maybe if we optimize... what do
you say? but still that would make it a normal trigger.
>
> 200 ma is especially important i euro dollar trading. once you plot
you would see it. the paramters may differ acc. to the market you are
trading it.
>
> thanks
>
>
> ----- Original Message -----
> From: superfragalist
> To: Metastockusers@xxxxxxxxxxxxxxx
> Sent: Sunday, January 30, 2005 8:41 PM
> Subject: [Metastockusers] Trending Market
>
>
>
> I think you may be looking at this in too complex a way. The
moving
> averages do tell you what to do in all types of markets.
>
> You might try using Kaufman's AMA. If you put a 20 bar on your
chart
> you will notice it goes flat when the prices are consolidating.
> Otherwise it shows the trend. Here's the code.
>
>
> Periods:=Input("Time Periods",1,1000, 5);
> Direction := CLOSE - Ref(CLOSE,-periods);
> Volatility := Sum(Abs(ROC(CLOSE,1,$)),periods);
> ER := Abs(Direction/Volatility);
> FastSC := 2/(2 + 1);
> SlowSC := 2/(30 + 1);
> SSC := ER * (FastSC - SlowSC) + SlowSC;
> Constant := Pwr(SSC,2);
> AMA:=If(Cum(1)=periods +1,Ref(C,-1)+constant*(C-Ref(C,-1)),
> PREV*(1-Constant)+C*Constant);
> AMA;
>
> If you need a bit more, Roy published the B&Q indicators in his
> newsletter which are the simplist methods of determining trend I
have
> seen and they're highly accurate. You will see that the B&Q agree
with
> Kaufman.
>
> For daily moving I use 4, 9 and 18 bar. Sometimes I look at the
5, 20
> and 50 but not the 200MA.
>
> For weekly I use either 10 and 40 or 5, 15 and 40.
>
> Put this stuff on a chart. The Kaufman is the easiest to read. If
it's
> flat there is no trend.
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "K U R E K C I"
<kurekci@xxxx>
> wrote:
> > dear superfraga,
> > you are also saying that sometimes market is not trending, when
you
> say " divergence works best when the market isn't
> > trending"
> > problem is "weekly
> > and daily moving averges to figure out which direction to trade
in"
> >
> > these mov avg guys always show a direction to trade in!!!
> > but infact this is not correct, sometimes you should not trade
in
> that direction either because market is not in a trend and
divergences
> should be monitored and mov avg's are just doing dump swings, or
maybe
> even you should not trade at all...
> >
> > the least swinging idicator i know is 200ma.
> > what i want is an indicator like ADX of wilder to show if
market is
> tredin -no matter the direction thats generally obvious- or not
> trending. but i wasnt satisfied with adx or vhf.. if you forget
about
> the indicators and look at history, it is possible to draw some
> bands, when broken there is a trend, otherwise just moving based
on
> divergences. in tehese intervals most of the ma trend indicators
would
> suggest swing, or simply drift inn the way of latest market
movement,
> like moving in the wind without showing the real sentiment. i
want an
> indicator to show the market is trending or not. i even tried
> bollinger bandwith, which i suppose looked better than the others
but
> still not sharp.
> >
> > i am currently schaff cycle, but when try to fit the parameters
for
> a time interval, they simply dont fit the other periods when
tehere is
> a trend. i know that you'll say no ez lunch, different strategy
for
> each interval, but there should be some kind of a trigger even to
> switch between strategies..
> >
> > sorry for inconvenoence, but i am spending hours, days looking
at
> the chart but still couldnt find it out. though i still believe
that
> there should be something without any swing. is it only the
support
> and res. that you draw manually? :-)
> >
> > cheers
> >
> > ----- Original Message -----
> > From: superfragalist
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > Sent: Sunday, January 30, 2005 5:30 PM
> > Subject: [Metastockusers] Re: RE:MACD Histogram Divergence kit
> satisfaction
> >
> >
> >
> > Hey, Kurekci, you're right divergence works best when the
market isn't
> > trending. But I don't understand your question about not
knowing how
> > to find the trend. I've posted several times about how to use
weekly
> > and daily moving averges to figure out which direction to
trade in.
> >
> > If you aren't sure what I was getting at, ask a few
questions.
> >
> >
> > --- In Metastockusers@xxxxxxxxxxxxxxx, "K U R E K C I"
<kurekci@xxxx>
> > wrote:
> > > whatever the system is i would test if it suits me for some
time eh?
> > >
> > > divergence is cool, but it doesnt work all the time, whats
more i
> > suppose it fails generally.
> > >
> > > what i found out is especially if the market is trending the
> > divrgence trading fails. but if the market is not trending
> > (terminology by wilder) divergence trading works.
> > >
> > > my problem is finding out a solid indicator to see if
market is
> > trending or not...
> > > maybe a composite indicator i dunno...
> > >
> > > superfraga gave a very different angle to my problem. he
said it is
> > not important to catch the tred, more important is that you
get on it
> > at a point and not leave early..
> > >
> > > i have to think about it but still my life would be much
easier if i
> > caolu find something to see if market is treding or not. : ))
> > >
> > > whatever discussio we have we should preserve the friendly
> > atmosphere here, right?
> > >
> > > cheers
> > >
> > >
> > > ----- Original Message -----
> > > From: Jay
> > > To: Metastockusers@xxxxxxxxxxxxxxx
> > > Sent: Sunday, January 30, 2005 12:42 PM
> > > Subject: [Metastockusers] RE:MACD Histogram Divergence kit
> > satisfaction
> > >
> > >
> > > To me a complete trading system means that it is totally
> > mechanical and you
> > > take every entry and exit signal. I have not found
any "complete"
> > system
> > > that works with MetaStock.
> > >
> > >
> > >
> > > However, while trying to use the MACDH system for my EOD
futures
> > trading I
> > > have found several errors in it. Many times, it fails to
generate
> > signals
> > > when there is in fact divergence; it generates signals
when there
> > is no
> > > divergence; and the MACDH Exploration at times returns
signals
> > that are not
> > > identified by the MACDH Expert. Also, the documentation
is
> > horribly lacking
> > > and while this 'system' claims to be a MACD Histogram
system,
> > nowhere in any
> > > of the documentation or in communication with Jose will
he provide
> > that
> > > formula for the MACD Histogram
> > >
> > >
> > >
> > > While Jose is a MetaStock savant, he becomes a raving
maniac when
> > you point
> > > out the errors of his system and refuses to investigate
them
> > claiming that
> > > his MACDH is "perfect" - as is. That is, he believes it
has no
> > errors.
> > >
> > >
> > >
> > > If you wish to view divergence, you can plot the MACD
Histogram
> > (formula
> > > below) and watch it for yourself. You do not need the
MACDH
> > software. The
> > > MACD Histogram system is vastly overpriced, has many
errors, and
> > support is
> > > very much lacking. The Walter Bressert system runs
circles around
> > it and is
> > > much, much cheaper.
> > >
> > >
> > >
> > >
> > >
> > > Jim
> > >
> > >
> > >
> > > The MetaStock formula for the MACD Histogram is:
> > >
> > >
> > >
> > > ( Mov( C,12,E ) - Mov( C,26,E ) ) - Mov( ( Mov( C,12,E ) -
Mov(
> > > C,26,E ) ),9,E )
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > Kathay wrote:
> > >
> > > > this is not a complete trading
> > > > system but provides great signals and you will use your
> favourite
> > > > money management methods to beat the market.
> > >
> > > Sorry for my humble question but isn't that more sensible
and more
> > > marketable to sell it as a complete trading systems?
> > >
> > >
> > > Kathay
> > >
> > >
> > >
> > >
> > >
> > >
> >
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