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Yes, you can create a .dll to implement any of these in MS. HOWEVER,
the develer kit is $300.00, then you have to buy a programming
language like C++ or whatever which runs $100 to $1000 depending on
your favorite flavor.
Once you have spent the $$$, then you need to learn the language. I
suggested in my reply that other programs, like AmiBroker ($149.00)
allow you to do this with their native built-in language. And you
will find that AB is VERY similar to MS-FL, except that has much more
functionality.
ReefBreak
--- In equismetastock@xxxxxxxxxxxxxxx, "v" <entinv@xxxx> wrote:
> Is it possible to use Metastock DLL plug-in to develop all these?
>
> Regards,
> Vladimir
> -----Original Message-----
> From: equismetastock@xxxxxxxxxxxxxxx
> [mailto:equismetastock@xxxxxxxxxxxxxxx]On Behalf Of Ed Hoopes
> Sent: Saturday, August 06, 2005 12:30 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: Trend Following
>
>
> The problem that you are trying to solve is to extract some
> information (trend) from a noisy signal. My experience ( which comes
> from chemical process control and stock trading ) is that the simplest
> SMA or EMA will extract about 85% of the information content from a
> noisy signal. So the improvements you seek by going to more exotic
> calculations will not improve things very much.
>
> My goals for trenders, are:
> Fast response to trend changes
> Low rate of whipsaws
> As you can see, these tend to be mutually exclusive.
>
> The categories are:
>
> Moving Averages:
> SMA's have a constant weight for each term of the average
> Variable weights for each term - EMA, WMA, Gaussian, etc
> Weights that change depending on some market condition - like
> volatility( try ATR ) - Adaptive moving averages
>
> Filters:
> There are many of these (mostly coming out of the electronics
> industry) like a Kalman filter. Kalman takes the previous value of
> the smoothed function and adds some fraction of the current value of
> the signal based on a complex formula. (Kalman filters are used to
> position disk drive heads and guide smart bombs) You can look in
> Google for Kalman filters, and will discover they are difficult
> mathematically. Also you will discover that MS - FL is entirely
> inadequate to implement these - Better to use AmiBroker software -
> cheaper and MUCH more powerful programming language.
>
> Curve fitting:
> Here you fit some mathematical function to the price data. MS
> has a linear least squares fit, but higher order fits work much
> better. (don't try programming a quadratic or cubic fit in MS - FL)
> Fourier transforms are also used, but mathematically complex.
>
> ______________
>
> My experience has been that there is some gold to be mined by trying
> to improve your trend following indicators, but not very much. My
> production trading system uses custom coded adaptive moving average,
> and curve fitting.
>
> Cheers,
>
> Ed Hoopes
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "tan ming"
> <reminiscenostalgia@xxxx> wrote:
> > This post hope to starts a discussion on what are the available
> methods or
> > indicators which can effectively used to determine whether current
> price is
> > in a trend mode. Personally moving average is my main indicator to
> dtermine
> > trend. However as many of you guys know, it suffer when the
market is
> > starting going to a tradning range. Pls join in the discussion
on the
> > following topic:
> >
> > 1) What are the effective methods or indicators to determine whether
> the
> > current price is in a trend mode.
> >
> > 2) What are the effective methods or indicators inorder to tell
> whether the
> > current price in the early, middle or mature trend?
> >
> > Great guys like Jose, Roy, MG and many of them in the forum pls
> offer some
> > pointers.
> >
> > _________________________________________________________________
> > Block pop-up ads with MSN Toolbar. http://toolbar.msn.com.my/
>
>
>
>
>
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