|
PureBytes Links
Trading Reference Links
|
Preston,
I
believe oversold/overbought zones Expert would be good.
Vladimir
Vladimir,
YEAH!!!!!
You da
man!
I've thought about an expert but we may not be done with the
indicator yet. The drive behind this was the development of the DLL
on
the Equisforum and the question asked here about the DMX.
In order to
progress further we need a RSI variable DLL which I'm
sure Patrick will be
happy to write. Then we need the tradestation
code to see how Jurik is
smoothing the value of the close. Right now
I'm guessing that a zerolag
ema will work but until we see the code
we won't know for sure.
In
the meantime we could go ahead with an expert. How would you trade
it...cross 50 or overbought/oversold zones?
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "v" <entinv@xxxx>
wrote:
> Preston,
>
> Thanks, I've got it installed and it
works. It would be nice
though to
> create an Expert based on
this
> indicator.
>
>
>
Thanks,
> Vladimir
>
-----Original Message-----
> From:
equismetastock@xxxxxxxxxxxxxxx
>
[mailto:equismetastock@xxxxxxxxxxxxxxx]On Behalf Of
pumrysh
> Sent: Tuesday, August 09, 2005 10:12
PM
> To: equismetastock@xxxxxxxxxxxxxxx
>
Subject: Re: [EquisMetaStock Group] Dynamic Momentum Index (DMI)
>
>
> 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, "v"
<entinv@xxxx> wrote:
> > Where all the DLLs in this
Equis forum you refer to? I've
> registered
but
> > can't find any DLLs
> >
though forum FAQ says DLLs available in the forum but doesn't
say
> where they
> >
are.
> >
> >
Thanks,
> >
Vladimir
> >
> > -----Original
Message-----
> > From:
equismetastock@xxxxxxxxxxxxxxx
> >
[mailto:equismetastock@xxxxxxxxxxxxxxx]On Behalf Of
pumrysh
> > Sent: Tuesday, August 09, 2005 6:57
PM
> > 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
> >
>
> a.. Visit your group "equismetastock" on
the web.
> >
>
> b.. To unsubscribe from this group, send an
email to:
> >
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
>
>
> > c.. Your use of
Yahoo! Groups is subject to the Yahoo!
Terms of
> >
Service.
> >
> >
>
>
----------------------------------------------------------------
----
>
--------
> > --
>
>
>
>
> SPONSORED LINKS Business finance course Business to
business
finance
> Small business
finance
> Business
finance consultant Business finance magazine
Business
>
finance schools
>
>
>
--------------------------------------------------------------------
--------
>
--
> YAHOO! GROUPS LINKS
>
> a.. Visit your group "equismetastock"
on the web.
>
> b.. To unsubscribe
from this group, send an email to:
>
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
>
> c.. Your use of Yahoo! Groups is
subject to the Yahoo! Terms of
> Service.
>
>
>
--------------------------------------------------------------------
--------
>
--
SPONSORED LINKS
YAHOO! GROUPS LINKS
|