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Which would one rather use, MetaStock's CC function [CCI(periods)], or
countless lines of Wealth-lab/C# code?
I guess it depends on whether one is a programmer or a trader/system
developer. It is very unusual to find both in one person.
Basically, it comes down to this point:
What would you rather do with your valuable time, programming or
trading?
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "David Jennings" <david.d.
jennings@xxx> wrote:
>
> It depends upon what you are trying to do. TS is good for futures
trading - but extremely laborious if you are seeking to test over a
large portfolio of stocks.
> Over the years I have written a large amount of code for myself and
others and find it tedious to write - there's no elegance in it.
> Once you have got the concepts behind Wealth-lab and it's coding it
is pretty straightforward especially as you can build systems/
indicators using drag & drop..
>
> As to your friend - I can understand why he would say what he says.
but there again one can get an order of magnitude improvement in
optimisation work by writing a dll for tradestation - which is just as
complex (or not) as writing Wealth-Lab script. This leaves one with
a choice of use TS for optimisation work and let the system run for
several days, use Welth-lab or write a dll.
>
> I surmise that the next generation of trading tools are likely to
expect the user to write his indicators/systems in C#
>
> Herewith an example of code for a CCI indicator (for a public domain
system to released in the next few months) - if you neglect the
"system wrapper" what could be simpler? This public domain system
should make TS an irrelevance.
>
> using System;
> using System.Reflection;
> using System.Windows.Forms;
> using System.Diagnostics;
> using Tradevec.Base.Data;
> using System.ComponentModel;
> using System.Drawing;
> using Tradevec.Base;
> using System.Drawing;
>
> [assembly: AssemblyKeyName("")]
>
> [Description("This Indicator plots Commodity Channel Index")]
> public class CCI : Indicator
> {
> #region Output parameters. Don't include in this region any code
except output parameters
> [Output("CCI", Style_Line, Region_NewOne, KnownColor.Red)]
public double Plot1;
> [Output("CCI Long", Style_Line, Region_NewOne, KnownColor.
Blue, PriceBox=false)] public double Plot2;
> [Output("CCI Short", Style_Line, Region_NewOne, KnownColor.
Red, PriceBox=false)] public double Plot3;
> #endregion Output parameters
>
> public void Main
> (
> [Description("Bar Series")] BarSeries Bars,
> [Description("Length"), DefaultValue(20)] Int32 Length,
> [Description("CCI Long"), DefaultValue(100)] Int32
CCILong,
> [Description("CCI Short"), DefaultValue(-100)] Int32
CCIShort,
> [Description("CCI is in overbought territory"),
DefaultValue(false)] Boolean CCIOverboughtAlert,
> [Description("CCI is in oversold territory"),
DefaultValue(false)] Boolean CCIOversoldAlert,
> [Description("CCI has crossed over zero"),
DefaultValue(false)] Boolean CCICrossedOverZeroAlert,
> [Description("CCI has crossed under zero"),
DefaultValue(false)] Boolean CCICrossedUnderZeroAlert
>
> )
> {
> if (Bars.Count <= Length)
> {
> Plot1 = Plot2 = Plot3 = 0;
> CCISerie.Add(Plot1);
> }
> else
> {
> Plot1 = Functions.CCI(Bars, Length);
> CCISerie.Add(Plot1);
> Plot2 = CCILong;
> Plot3 = CCIShort;
> }
>
> if (CCIOverboughtAlert && Plot1 > Plot2)
> Alert("CCI is in overbought territory");
> else
> if (CCIOversoldAlert && Plot1 < Plot3)
> Alert("CCI is in oversold territory");
>
> if (CCICrossedOverZeroAlert && (Plot1 > 0 && CCISerie[1] <=
0))
> Alert("CCI has crossed over zero");
> else if (CCICrossedUnderZeroAlert && (Plot1 < 0 &&
CCISerie[1] >= 0))
> Alert("CCI has crossed under zero");
> }
>
> private SimpleNumericSeries CCISeries = new
SimpleNumericSeries();
>
> }
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