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Hi Norman
Both formulas look as though they could be converted readily enough.
Time is my problem, not complexity.
The June issue of MSTT will have a simpler timing mechanism
for plotting weekly signals on EOD charts. That may make life a little
easier for you.
Simple moving averages are created differently from the exponential
MAs used in MACD, and that might be where you're running into trouble.
Here's how you can create an SMA once you have the weekly price.
X:=Cum((J>0)*K);
(X-ValueWhen(N+1,J,X))/N;
Where "J" is the end-of-week timing signal, "K" is the weekly price
(usually reserved for CLOSE), and "N" is the number of weeks.
Once the weekly prices are available (Ow, Hw, Lw and K) it's just
a matter of repeating the above formula to create all the simple
moving averages you need.
Changing "Ref(C,-2)" into the CLOSE from two weeks ago is also
simple enough when you know and understand the formula, which is.
K2:=Valuewhen(3,J,K);
K2 is the weekly CLOSE delayed by two weeks (N+1), "J" is still
the timing signal used, and "K" is the most recent weekly CLOSE.
As with the earlier formula, the lookback range is "N+1", because
the equivalent of looking back 2 periods using Ref() needs 3 when
using ValueWhen().
Kind regards
Roy
www.metastocktips.co.nz
----- Original Message -----
From: "ruagoodp" <almutwinter@xxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Thursday, May 26, 2005 6:06 AM
Subject: [Metastockusers] WEEKLY INDICATOR
> Hi Roy,
>
> I have looked at your weekly RSI formula and its puzzling to say the
> least.
>
> I wanted to make these 2 oscillators into weekly indicators but have
> not succeeded
>
>
> 1st Weekly Indicator
>
> (Mov(If(HIGH>Ref(HIGH,-1), HIGH-Ref(HIGH,-1), 0),13,S) /
> (Mov(If(HIGH>Ref(HIGH,-1), HIGH-Ref(HIGH,-1), 0),13,S) +
> Mov(If(LOW<Ref(LOW,-1), Ref(LOW,-1)-LOW, 0),13,S)) )
>
>
>
> 2nd Weekly Indicator
>
> x1:=If(Ref(H,-2),< ,Ref(C,-7),
> If(Ref(H,-2),<,Ref(C,-8),
> If(H,<,Ref(L,-5),
> If(H,<,Ref(L,- 6),0,1),1),1),1);
> x2:=If(Ref(L,-2),> ,Ref(C,-7),
> If(Ref(L,-2),>,Ref(C,-8),
> If(L,>,Ref(H,-5),
> If(L,>,Ref(H,- 6),0,1),1),1),1);
> SubValues:=(x1) * (x2) * (H-Ref(H,-2) ) +((x1) * (x2) * (L-Ref(L,-2)) );
> AbsDailyVal:=(Abs(H-Ref(H,-2)) + Abs(L-Ref(L,-2)));
> Sum((SubValues),8) / Sum((AbsDailyVal),8)
>
>
> Could you help me? If you are too busy, which is understandable, I
> will keep on trying using your RSI weekly indicator to guide me.
>
> Thanks
>
> Norman
>
>
>
>
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