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Thanks for the tips on pricing.
Your points about Ehlers' are pretty much right on. I think the
Stochastic Fisher and Laguerre stuff is his best stuff too, but his
other stuff is some core principle stuff that can be built upon if you
get the signal processing concepts. That, combined with his latest
stuff (the stochFisher and Laguerre) result is some pretty darn good
stuff I think.
You bring up an interesting thing regarding his "followers":
I have heard people say before that they don't like Ehlers' because it
too complex. As with anything there are those that like it because it
works well, and others because it works well and they think it
logically makes sense. Our stuff should let you use his stuff without
really understanding what its doing. I don't condone that method at
all, but to each his own. If you want to learn it, it helps to have
an intro to signal processing, but not really much past that. But
there is a gap as far as understanding his stuff, so I wasn't saying
you didn't get it, just that many don't, and more relavent to ADSI,
even fewer understand it enough and are good enough programmers to
create it. You live up to your name, and really are superior to the
average joe trader.
But I also know from looking at it closely that what he presents
verbatum in his books is not always that awesome. As far as I am
concerned, and I know a select few others feel the same way, there is
plenty of room for improvement (theoretically) as far as applying
signal processing techniques to markets. I am not saying I have the
answers, but it is an area of interest to me. Our ADSI indicators are
also useful in regards to making this sort of progress. We expose the
part of his tools that logically make sense to change, without
changing the core principles of it. We have made what seem to be
significant improvements and extensions of his stuff by using another
level of decision making as to the inputs to the ADSI indicators. As
a policy, all of our inputs are DATA ARRAYS as opposed to CONSTANTS,
so that lets you do some pretty dynamic things.
We hope to very soon post some new examples of things like this on the
site.
I checked out Sepiashvili's stuff. Are his indicators disclosed or
not? Does he go into more detail in a book or somewhere else?, or
were you able to code them with the descriptions given there on the
site? He appears to say enough to let you know how they work, but not
enough to let you go and make the changes. He seems to often use
multi-time frame stuff with classic indicators, which is somewhat of
an alternative to a continuously variable time frame, which is
basically what you have with the ASI and ADSI. What about price?
can't be cheap if he doesn't say, right?
Thanks,
Brad Ulrich
The DML, LLC
www.thedml.com
--- In Metastockusers@xxxxxxxxxxxxxxx, "superfragalist"
<jackolso@xxxx> wrote:
> Brad,
>
> You're getting defensive already. Slow down a bit. I've been involved
> in the development of around 300 products and it's hard to have
> someone tell you your baby might not be a genius. You can argue it
> into one. Time will tell.
>
> What Andrew is talking about, I think, was mainly directed at
> "software leasing".
>
> Most people just don't like software leases, and yours is not cheap.
> I've been a full time trader for a long time. I use a lot of tools
> that are somewhat pricey. However, I stay completely away from leases.
> If each product were selling for $300 upfront, I would probably buy
> them because I buy a lot of new tools to test. So far I haven't found
> many that were worth much, but you never know. For me, a small
> percentage increase in return is a lot of dollars so I check almost
> everything I can find.
>
> I might even be willing to pay the $600 and a small annual upgrade and
> maintenance fee. The operative word here is small. I'm not willing to
> pay the full lease price every year. I don't want a trading partner.
>
> I am an engineer with an MS in applied math. In the world of trading
> that's pretty much worthless so waving that around won't get you much.
> As far as Ehler's goes, I like his work and his books. Yes, Brad, some
> of us actually understand what he's doing. We aren't all as dumb as
> pumpkins.
>
> I have programmed all of Ehlers indicators and tested them. I'm not
> ready to put him up on a pedestal. In the systems tests I've done, I
> haven't found any great advantages to his approach but some of his
> filters do smooth well. I personally like the Inverse Fisher Transform
> and the Laguerre Transforms. Your implementation of them is probably
> more polished than mine.
>
> As far as applying engineering mathematics to the market, I like
> David Sepiashvili adaptations the best.
>
> http://www.alticom.com/indicators/overview.html
>
> I have a few of his indicators programmed but they are much harder to
> code than Ehlers. However, I have found the ones that I have used to
> work very, very well. You might want to take a look at them.
>
> I also have found Hurst hard to implement in MS. With dlls it's very
> doable. His sigma bands would be a nice addition to MS. MetaStock
> lacks a true sigma band. I think a lot of traders, especially on these
> boards, don't understand the value of sigma bands when it comes to
> assessing trends. Something else to think about.
>
> Unfortunately most MS developers don't make much money. I know a
> number of them and the market is very small, the number of people
> willing to pay a high enough price to sustain the cost of development
> is few, and it's hard to complie a list of potential customers because
> Equis is the 800 pound gorilla that likes to squeeze the life out of
> independent developers.
>
> Good luck with the product. I'll watch for any change in the pricing
> plan, and if it gets back to something I can work with, I'll give it
a go.
>
>
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