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Hi Adrian
The problem with indicators based on non-standard timeframes is that they tend to be dynamic. Unless you have a clearly defined and workable method of grouping bars so that the boundaries remain constant you'll always be dogged by values changing as new data is added, rather like weekly data changing during the current week as each days data is added. "Pegging" frames to the first or last data bar does not solve the problem. While this may not be a concern when scanning charts visually, it means that you cannot back test reliably because returned values will vary between tests run on different days. Until you have method of overcoming this problems I see little point in applying the principles of "weekly on EOD" type indicators to your bi-day stochastic.
Regards
Roy
----- Original Message -----
From: stokkkid
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Saturday, July 22, 2006 10:31 AM
Subject: [EquisMetaStock Group] Bi-daily instead of weekly Stoch and CMO Indicators
Hi there,
I am using the weekly Double Smoothed Stochastic and the weekly Chande
Momentum Oscillator I found on Roy's great website and they both work
very well for me. Since I am experimenting with bi-daily charts in
order to remove some of the noise of daily charts, I tried to program
a bi-daily Double Smoothed Stochastic as well as a bi-daily Chande
Momentum Oscillator, however I wasn't very successful. I thus would
greatly appreciate it if anyone could help me with that.
Thanks a lot,
Adrian
[Non-text portions of this message have been removed]
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