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[EquisMetaStock Group] Re: Rules Management for Trading System



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Thank you for your suggestion
Eric

--- 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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