|
PureBytes Links
Trading Reference Links
|
Hi Pablo
Yes, the Moving Average Divergence is a useful indicator and comes in
several flavors. If you want to compare it from security to security you
might want to express it in terms of the Average True Range. This will
normalize for volatility. If you want it to act as an overbought/oversold
oscillator, you can either rebase it to a range, eyeball the average of, say
the several highs or lows, or even run a long-term Bollinger Band on it.
Like any other oscillator, though, it can show overbought or oversold
conditions that are surprisingly persistent, so you should always wait for
price confirmation.
Best
Andrew
-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Paolo
Sent: Saturday, May 20, 2006 5:26 PM
Subject: [EquisMetaStock Group] A Metastock Price Oscilator
Hi everyone!
My name is Pablo Bozzolo, italo-argentinean.
I'd like to make a little contribution with my most simple but powerful
indicator, a kind of price oscilator:
{ UTLIMATE ROC }
x:=Input("Number of periods:",3,200,12); (CLOSE / (Mov(CLOSE,x,E) )) -1 ;
{12 is the default} {By Pablo Bozzolo (feb-2006)}
U should buy at significant bottoms and sell at significant tops.
It's really simple but It' works fine.
(It can anticipate more than others price oscilators)
I hope to be able to exchange ideas and formulas with U.
Best regards,
Pablo
BTW: search of divergences in this indicator is good idea.
------------------------ Yahoo! Groups Sponsor --------------------~--> Home
is just a click away. Make Yahoo! your home page now.
http://us.click.yahoo.com/DHchtC/3FxNAA/yQLSAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
------------------------ Yahoo! Groups Sponsor --------------------~-->
You can search right from your browser? It's easy and it's free. See how.
http://us.click.yahoo.com/_7bhrC/NGxNAA/yQLSAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|