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The same calculation made on different computers will give different
answers. Slightly different algorithms on the same computer will also give
different answers. If the answers are reasonably close together, just accept
them. If they are not close together you will have to dig deeper. Do you
have the Metastock coding for the Ultimate Oscillator?
This kind of question comes up now and then. Usually the Metastock algorithm
has been at fault. Another item, Metastock arithmetic uses single precision
arithmetic. This causes errors because many of the indicator calculations
include calculations with numbers that only differ by small amounts: these
kind of calculations really need to be made with double precision
arithmetic. Metastock refuses to include double precision. Their excuse is
that it would require too much disk space. This might have been true when we
were using megabyte size drives, nowadays we are using multi-gig drives that
have enough space even for multi-precision arithmetic.
Lastly, indicators should be thought of as guides , not as high precision
measurements.
Lionel
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Darren Liew
Sent: Tuesday, March 27, 2007 3:07 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Ultimate Oscillator Exploration
Hi Preston,
the Ultimate indicator is available in Metastock ver 10.
however there is a slight different in the value of the oscillator from the
one which was copied from the trader.online link.
both using parameters: 7, 14, 28
which one is correct?
apprecriate your advise. thanks.
Rgds,
Darren Liew
----- Original Message ----
From: pumrysh <no_reply@xxxxxxxxxxxxxxx <mailto:no_reply%40yahoogroups.com>
>
To: equismetastock@xxxxxxxxxxxxxxx <mailto:equismetastock%40yahoogroups.com>
Sent: Tuesday, March 27, 2007 2:03:29 AM
Subject: Re: [EquisMetaStock Group] Ultimate Oscillator Exploration
Frank,
Sorry, nothing published thus far so you can be the first.
Look in the explorer for RSI divergence or study Jose's MACD
divergence. You will want to replace the MACD or RSI with the
Ultimate Oscillator using these parameters.
Williams had specific criteria for a buy or sell signal. A buy
signal occurs when,
Bullish divergence between price and the oscillator is observed,
meaning prices make new lows but the oscillator doesn't
During the divergence the oscillator has fallen below 30.
The oscillator then rises above its high during the divergence, ie.
the high in between the two lows. The buy trigger is the rise
through that high.
The position is closed when the oscillator rises above 70
(considered overbought), or a rise above 50 but then a fallback
through 45.
A sell signal is generated conversely on a bearish divergence above
level 70, to be subsequently closed out below 30 (as oversold).
Preston
--- In equismetastock@ yahoogroups. com, "stonesouls207"
<stonesouls207@ ...> wrote:
>
> Thanks Pumrysh, That is for the indicator. I am looking for the
> Exploration.
>
> --- In equismetastock@ yahoogroups. com, pumrysh <no_reply@> wrote:
> >
> > http://trader. online.pl/ MSZ/e-w-Ultimate _Oscillator. html
> >
> >
> > --- In equismetastock@ yahoogroups. com, "stonesouls207"
> > <stonesouls207@ > wrote:
> > >
> > > David, Thanks for the reply. If you can provide me with the
code
> > for
> > > the exploration, that would be great. Regards, Frank
> > >
> > > --- In equismetastock@ yahoogroups. com, "adest@" <adest@> wrote:
> > > >
> > > > Frank,
> > > >
> > > > When we did the Inner Circle Seminars for Larry Williams in
> > > Australia we had an
> > > > Ultimate Oscillator Scan coded up in MetaStock for students
> only.
> > > >
> > > > I will ask his & the students permission to release it.
> > > >
> > > > If you would like the Scan email me and I will ask them
> > permission.
> > > >
> > > > Regards
> > > > David Hunt
> > > > http://www.adest. com.au
> > > >
> > > > PS. As you all may have seen The Full Bench of the High
Court
> > > found the Australian
> > > > government illegally arrested Larry so he may be able to
move
> > > around a bit more
> > > > freely now.
> > > >
> > > > We had a lovely celebratory dinner with Larry and his old
> > trading
> > > buddy Jake
> > > > Bernstein and ADEST students on Friday night in the Eastern
> > > Suburbs. Larry thanks
> > > > all the people who emailed him with letters of support.
> > > >
> > > > If you want a sticky beak I have loaded the pictures of the
> > event
> > > on our site
> > > > http://adest. com.au
> > > >
> > > >
> > > >
> > > > On Sun Mar 25 4:17 , 'stonesouls207' <stonesouls207@ > sent:
> > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >Hi all, does anybody know if there is a Exploration
programmed
> > for
> > > Larry
> > > > >
> > > > >William's Ultimate Oscillator? If so can you point me to
it.
> If
> > > there is
> > > > >
> > > > >not one written, would somebody be willing to help me write
> > one?
> > > Below
> > > > >
> > > > >are several links that show the ways that it can be used
and
> > > traded.
> > > > >
> > > > >
> > > > >
> > > > >Thanks, Frank
> > > > >
> > > > >
> > > > >
> > > > >http://en.wikipedia .org/wiki/ Ultimate_ Oscillator
> > > > >
> > > > ><http://en.wikipedia .org/wiki/ Ultimate_ Oscillator>
> > > > >
> > > > >
> > > > >
> > > > >http://stockcharts. com/school/ doku.php?
> > > id=chart_school: technical_ indicat\
> > > > >
> > > > >ors:ultimate_ oscillator
> > > > >
> > > > ><http://stockcharts. com/school/ doku.php?
> > > id=chart_school: technical_ indica\
> > > > >
> > > > >tors:ultimate_ oscillator>
> > > > >
> > > > >
> > > > >
> > > > >http://www.chartfil ter.com/reports/ c52.htm
> > > > >
> > > > ><http://www.chartfil ter.com/reports/ c52.htm>
> > > > >
> > > > >
> > > > >
> > > > >http://www.marketsc reen.com/ help/AtoZ/ default.asp?
> > hideHF=&Num= 109
> > > > >
> > > > ><http://www.marketsc reen.com/ help/AtoZ/ default.asp?
> > hideHF=&Num= 109>
> > > > >
> > > > >
> > > > >
> > > > >[Non-text portions of this message have been removed]
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > >
> > >
> >
>
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