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John,
Same reply to you that I gave Vladimir...You must be logged on, then
go to:
http://forum.equis.com/viewtopic.php?t=1400
If you are not logged on you will not see the DLL download.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "John Corrion" <corrion@xxxx>
wrote:
> Hi Preston,
>
> What a forum, where are the files...all I find are posts. This
site needs
> improvement.
>
> John
>
> -------Original Message-------
>
> From: equismetastock@xxxxxxxxxxxxxxx
> Date: 08/09/05 19:53:24
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: Re: [EquisMetaStock Group] Dynamic Momentum Index (DMI)
>
> John,
>
> Go to http://forum.equis.com
>
> You will need to join in order to get the DLL but then again you
> should be a member there anyway.
>
> Preston
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "John Corrion"
<corrion@xxxx>
> wrote:
> > Hi,
> >
> > I get errors that the two dll's are not in thelibrary, where can
I
> get
> > them????
> >
> > Thanks,
> >
> > John
> >
> > -------Original Message-------
> >
> > From: equismetastock@xxxxxxxxxxxxxxx
> > Date: 08/09/05 18:56:38
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: [EquisMetaStock Group] Dynamic Momentum Index (DMI)
> >
> > An indicator I think you will enjoy.
> >
> > Preston
> >
> >
> >
> > Description:
> >
> > The Dynamic Momentum Index (DMI) was developed by Tushar Chande
and
> > Stanley Kroll. The indicator is covered in detail in their book
The
> > New Technical Trader.
> >
> > The DMI is identical to Welles Wilder's Relative Strength Index
> > except the number of periods is variable rather than fixed. The
> > variability of the time periods used in the DMI is controlled by
> the
> > recent volatility of prices. The more volatile the prices, the
more
> > sensitive the DMI is to price changes. In other words, the DMI
will
> > use more time periods during quiet markets, and less during
active
> > markets. The time periods the DMI can reach is around a maximum
of
> > 30 and a minimum of 3. The volatility index used in controlling
the
> > time periods in the DMI is based on a calculation using a five
> period
> > standard deviation and a ten period average of the standard
> > deviation. The advantage of using a variable length time period
> when
> > calculating the RSI is that it overcomes the negative effects of
> > smoothing, which often obscure short-term moves.
> > In this indicator the option to use a bipolar index is also
> > introduced. The formula for a bipolar index is Bipolar =( up -
> > down ) / ( up + down )
> >
> > Interpretation:
> > Chande recommends using the DMI much the same as the RSI.
However,
> > because the DMI is more sensitive to market dynamics, it often
> leads
> > the RSI into overbought / oversold territories by one or two
days.
> >
> > Like the RSI, look for overbought (bearish) conditions above 70
and
> > oversold (bullish) conditions below 30. However, before basing
any
> > trade off of strict overbought/oversold levels using DMI or any
> > overbought/oversold indicator, Chande recommends that you first
> > qualify the trendiness of the market using indicators such as r-
> > squared or CMO. If these indicators suggest a non-trending
market,
> > then trades based on strict overbought/oversold levels should
> produce
> > the best results. If a trending market is suggested, you can use
> the
> > DMI to enter trades in the direction of the trend.
> > Formula:
> > {Dynamic Momentum Index (DMI)}
> > {written by Preston Umrysh}
> > {This indicator uses Dll software developed by MetaStock Forum
Crew}
> > {http://forum.equis.com)}
> > x:=Input("normal ouput=1 Biplolar index=2",1,2,1);
> > Vt:=(Stdev(C,5)/Mov(Stdev(C,5),10,S))*10;
> > Umom:=If(C>Ref(C,-1),C-Ref(C,-1),0);
> > Dmom:=If(C<Ref(C,-1),Ref(C,-1)-C,0);
> > UPS:= ExtFml( "ForumDll.VarSUM", Umom,Vt);
> > DNS:= ExtFml( "ForumDll.VarSUM", Dmom,Vt);
> > SumU:=ExtFml("ForumDll.VarMOV",UPS,Vt,e)/Vt;
> > SumD:=ExtFml("ForumDll.VarMOV",DNS,Vt,e)/Vt;
> > RS:=SumU/SumD;
> > DMnm:=100-(100/(1+RS));
> > DMIn:=(SumU-SumD)/(SumU+SumD);
> > If(x=1,DMnm,DMin); {end}
> >
> >
> >
> >
> >
> >
> >
> > YAHOO! GROUPS LINKS
> >
> > Visit your group "equismetastock" on the web.
> >
> > To unsubscribe from this group, send an email to:
> > equismetastock-unsubscribe@xxxxxxxxxxxxxxx
> >
> > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.
>
>
>
>
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