|
Thanks Steve. I had done some testing with this.
I allowed the 0.7 parameter and seemed to have better results with a number
closer to the 0.6 level than the 0.7. So I guess a fib number is as good
as any. If in doubt, go with the fib!
Tom
----- Original Message -----
Sent: Thursday, February 24, 2005 8:37
PM
Subject: Re: [EquisMetaStock Group] Early
trend stages
Tom,
Here they are together:
e1:=Mov(C,3,E);
e2:=Mov(e1,3,E);
e3:=Mov(e2,3,E);
e4:=Mov(e3,3,E);
e5:=Mov(e4,3,E);
e6:=Mov(e5,3,E);
c1:=-.618*.618*.618;
c2:=3*.618*.618+3*.618*.618*.618;
c3:=-6*.618*.618-3*.618-3*.618*.618*.618;
c4:=1+3*.618+.618*.618*.618+3*.618*.618;
c1*e6+c2*e5+c3*e4+c4*e3;
e1:=Mov(C,5,E);
e2:=Mov(e1,5,E);
e3:=Mov(e2,5,E);
e4:=Mov(e3,5,E);
e5:=Mov(e4,5,E);
e6:=Mov(e5,5,E);
c1:=-.618*.618*.618;
c2:=3*.618*.618+3*.618*.618*.618;
c3:=-6*.618*.618-3*.618-3*.618*.618*.618;
c4:=1+3*.618+.618*.618*.618+3*.618*.618;
c1*e6+c2*e5+c3*e4+c4*e3;
Only the periods are modified. Please
note: Tim uses .7, where I have substituted .618. Tim's an
engineer and I'm a superstitious Fibonacci fan.
Take care,
Uncle Steve
----- Original Message -----
Sent: Thursday, February 24, 2005 5:51
PM
Subject: Re: [EquisMetaStock Group]
Early trend stages
Steve,
when you go to a T5, do you change anything
besides the periods in the 6 ema's (e1 to e6)?
That is, do any numbers in c1 to c4
change?
Thanks
Tom
----- Original Message -----
Sent: Thursday, February 24, 2005
12:40 PM
Subject: Re: [EquisMetaStock Group]
Early trend stages
Philip,
I just wrote a 1,000 word article on a
similar subject: Tillson's T3's. It will be in the March
issue of Lind-Waldock's newsletter. As soon as their lawyers/liars
give me the green light, I will make it available to the forum (but, maybe
I can forward you my notes...without getting in trouble).
As many know, Tim's adaptive moving averages
(see attachment for TASC January '98 article) are far superior to many of
the average variations you mentioned (and far superior to what certain
vendors, in my fine city, will SELL you). I'm not knocking MACD
or Jurik's "stuff" or anyone's work, Tim's work is simply
better. Why? His averages exhibit the desirable traits of
being very "smooth", but they are NOT sensitive to random
noise. The T3 modifies the "lag and overshoot" and tends to
eliminate the whipsawing that many traders experience using simple moving
averages. A real thing of beauty: very smooth, but sensitive
to significant directional changes (see attachments).
I trade with a couple dozen people using
variations of the T3's. Most of us use them to mechanically scalp
points from the emini S&P market. Although we are finding new
and better ways to apply these adaptive moving averages, one of my brand
new favorites is to replicate the T3 formula and create a T5 (five
periods, instead of three). Then, subtract the T5 from the T3
(which, of course, calculates the difference between the
averages). It creates a stunning momentum oscillator. We
monitor it all day and apply it to ten minute candles.
Philip, if you need any other help...you know
how to reach me. I hope this helps.
Take care,
Uncle Steve
----- Original Message -----
Sent: Wednesday, February 23, 2005
8:30 PM
Subject: [EquisMetaStock Group]
Early trend stages
Greetings All,
By the time many of the
more popular trend indicators kick in (moving
averages of various
flavors and combinations, the MACD, the ADX and even
the PDI/MDI)
the trend itself can often be nicely underway. This seems to
apply
especially when price action takes a sharp turn, as in a "V" bottom
or an inverted "V" top. The numbers feeding into the calculation of
the
indicators cause a lag. Gradual changes in direction don't seem
to pose a
problem.
I'm not trying to call tops and bottoms,
but even a minor jump on
conventional trend indicators would be
helpful. To date, my efforts to get
a handle on the initial phase of
trends after sharp market turns have not
been rewarding. I can't
seem to conceptualize it. Can anyone point me in
the direction of
published thoughts on how one could approach this kind of
market
action? Or, would you be willing to share some basic observations of
your own? I can't imagine that this question hasn't occupied many
traders
at one time or another.
If I should simply
"fugeddaboudit," well, that's a possibility too. I may
be
cross-posting this inquiry. My apologies in
advance.
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