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Thank you
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx> wrote:
>
> Eric,
>
> S:=OscP(4,8,S,$)/Stdev(C,8); is normalized to the Standard
Deviation.
>
> You could normalize it to itself if you wanted to but I'm not sure
> why you would want to do that.
>
> By using HHV(data,periods) you can define your periods. I would
base
> this on how you are trading. If my memory serves me correctly 248
is
> the number of periods that you would use to look at a years worth
of
> daily data. Half of that (124) would evaluate six months worth of
> daily data. TA is not an exact science. Variations exist with good
> cause. If you can reason a benefit to a particular number then use
it.
>
> As far as combining different indicators into one, my preference is
> not to do that. I may combine the signals, in which case a binary
> works well. Here's an example:
> X:=MACD() > 0;
> Y:=RSI(14) > 70;
> BNRY:= X + Y;
> BNRY
>
> When the value of the variable BNRY is 2 you would have both
> conditions being met.
>
> One more point! The variable names that you are using(S & T) will
not
> work because Metastock reserves those names for other purposes.
This
> one will work and is quite good for giving short term signals. Have
> you looked at it on a chart?
>
> {Erics Oscillator}
> XS:=OscP(4,8,S,$)/Stdev(C,8);
> XT:=XS/Highest(XS);
> XT; {end}
>
>
> regards,
>
> Preston
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, chichungchoi <no_reply@xxxx>
> wrote:
> >
> >
> > Hi Preston:
> > Thank for your link, the rescaling indicators are the issue to
> > combine indicators together, such as
> >
> > Simple MA Osc norm to Std Dev
> > S:=OscP(4,8,S,$)/Stdev(C,8); Before Normalization
> > T:=S/Highest(S); After Normalization, range will be between -1
and 1
> >
> > I can use the Highest(S) for scaling in this case, however,
> > when I use the function Highest(), then it will pick the maximum
> > value based on the available loaded data in Metastock, which
cause
> > the problem on the value of T, since the maximum value keeps
> changing
> > according to different length of loaded periods. Then I think of
> > using a fixed length period to determine the Maximum value of S
for
> > scaling. At this point, I get no idea how to choose the period
> > length, do you have any suggestion please?
> >
> > On the other hand, in term of combining different indicators into
> one,
> > do you have any idea on how to determine the weighting factor for
> > each indicators? I understand the neural network will determine
it,
> > but in my case, I need to combine indicators manually,
> > such as 4 indicators together, do you have any idea please?
> > Thank you
> > Eric
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