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Manfred,
Did you ever figure out the code for the indicator you describe
below? If so are you willing to share it with the group?
--- In equismetastock@xxxxxxxxxxxxxxx, Manfred <YNXBOWJWYJJC@xxx>
wrote:
>
> Hi,
>
> I'm looking for code that I can utilise to try build a velocity /
> acceleration type indicator in MS. I've been searching the web and
I
> can find generic algorithms but little code to adapt. Kaufman in
> "Trading systems & methods" p151 explains the calculation and I'm
> sure if I pondered long enough I could work it out but I can't
help
> feeling I'm reinventing the wheel and someone must have done this
> before and applied the concept to securities trading.
>
> All I've come across so far is
> http://www.purebytes.com/archives/omega/1998/msg13228.htm
>
> A proprietary indicator I've come across is called VellAcc in
> Primechart's Market Master (using defaults of 5,8) but they give
no
> hint as to how it is constructed. A quick explanation is:
>
> "The Vellacc (velocity acceleration) indicator can significantly
> improve trading efficiency. Velocity/Momentum by itself works well
> with long trending markets, while acceleration is suited for
> undulating trading markets. The combination may work uniformly
well
> in both markets, producing small profitable trades and few
(equally
> small) losses in trending and trading markets. The net effect
could
> be a steady, consistantly lower risk growth of trading capital.
>
> The idea of this indicator is to many two methods that work well
> individually, but have weak points. Acceleration and velocity can
> supplement each others' weaknesses and together produce a smoother
> performance. Theoretically, profits should increase over the
> performance of each separately. Acceleration basically tips off
that
> prices are potentially
> ready for reversal, while velocity confirms that the action is
going
> to take place. Acceleration alone may give many potential turns
which
> do not carry through and are false (they are just plateaus in the
> current trend). Likewise, velocity could turn sharply or could
just
> be profit taking in the current trend, without any groundswell in
the
> new direction (acceleration is non-existant or not strong in the
new
> direction)."
>
> Any other ideas/sources anyone has come across on this topic?
>
> Thanks
>
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