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well i tried what you have given. it is really ez.
but surrently i am using trade directional index which i have first noticed in
esignal, tend luckily jose showed its formula in his site. i changed the
parameters acc. to he cash fx. now i can protect from swings. i will test my
strategy ad finally try to simplify it to a trading system..
i suppose thats everyones dream : )
cheers
----- Original Message -----
Sent: Thursday, February 03, 2005 8:40
AM
Subject: [Metastockusers] Re: Trending
Market
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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