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Aahh! The other user group, lol. Got it now, thanks very much
Andrew. And thanks for the useful comments and pointers. Agree
about TWDL and fibnodes - and as it happens am halfway through
putting an Excel s/sheet to do the exact same thing you've done :-)
Thanks again
cav
--- In Metastockusers@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
<andrew_tomlinson@xxxx> wrote:
>
> http://finance.groups.yahoo.com/group/equismetastock/message/16528
>
> It's a very innovative solution. It just provides the day's
values, not the
> history. You can use it as a way of normalizing any kind of
unbounded
> oscillator. Also think about whether you want the MA to include
today's
> price or not.
>
> The most useful tool I have found from working with TWDL is to put
together
> an Excel spreadsheet that calculates resistance and expansion
fibnodes. i.e.
> you put in the reaction numbers and then have it calculate the
nodes. Excel
> is adequate for EOD.
>
> If you want to see the methodology in action its worth taking a
look at
> http://www.foxfutures.com/futures/DLevels.cfm who produce weekly
research -
> I believe they have some free samples.
>
> But note that DiNapoli ignores fib levels that you will need in
some markets
> - e.g. crude has been very responsive to 50% retracements over the
last year
> or so. Also expansions often go to 2.618 or more. If you're
interested in
> exploring more, then take a look at http://www.elliottwave.com/
where you
> will see fib being used in conjunction with Elliott Wave, but with
a more
> comprehensive set of retracements. (EW gives you an idea of what
level of
> retracement or expansion to expect).
>
> Also Connie Brown's book - Technical Analysis for the Trading
Professional -
> has a great chapter on advanced uses of fib.
>
> Nevertheless, if you're going to use TWDL methodology as your
primary form
> of analysis you probably should invest in the software.
>
> The other limitation is that for big moves or over longer periods
of time
> you need to use a log scale - not something that MS or TWDL can
handle.
> Anyone want to code a Fib drawing tool for MS that deals with a
log scale?
>
> Andrew
>
>
> -----Original Message-----
> From: Metastockusers@xxxxxxxxxxxxxxx
[mailto:Metastockusers@xxxxxxxxxxxxxxx]
> On Behalf Of cav609
> Sent: Thursday, May 05, 2005 7:24 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Re: Peak Value / Highest Value ...
>
>
> Andrew
>
> Thanks for this ... unfortunately though I cant find the relevant
> post, any clues as to title/date?
>
> And yep, you got me - I should really buy Joe's software but
having
> invested in Metastock before reading TWDL I'm trying stuff out
first
> with MS.
>
> cav
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
> <andrew_tomlinson@xxxx> wrote:
> >
> > Jose posted a partial solution to this a month or so ago. It
gives
> current
> > values for the detrended oscillator, but not the historicals, so
> you can't
> > back test. Your alternatives are to buy the Coast Investment
> Software
> > package or use another measure to approximate the same thing.
> There's not
> > necessarily any magic to the three peaks formulation - you can
> play with 80
> > or 90% of the last x month range for the moving average
deviation,
> for
> > example.
> >
> > Andrew
> >
> >
> > -----Original Message-----
> > From: Metastockusers@xxxxxxxxxxxxxxx
> [mailto:Metastockusers@xxxxxxxxxxxxxxx]
> > On Behalf Of cav609
> > Sent: Wednesday, May 04, 2005 8:44 AM
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > Subject: [Metastockusers] Peak Value / Highest Value ...
> >
> >
> > Hi
> >
> > Am trying to write code to identify the 3 largest peaks (highs)
> during
> > the last 130 bars of a simple function C-Mov(C,7,S). I can get
> the
> > largets peak: hhv(C-Mov(C,7,S),130) but how do I get the next 2
> lowest
> > peaks during the timeframe? Tried the PEAK set of functions
but
> dont
> > seem to be getting anywhere!!
> >
> > Any help MUCH appreciated
> >
> > cav
> >
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
>
>
>
>
>
>
> Yahoo! Groups Links
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