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Hello Alwin,
This is an interesting topic and on that I have had a crack at solving in
the past with not very much luck. Correct me if I'm wrong but, as I
understand your question, rather than wait until the next day to enter a
trade triggered by an EMA cross on the closing price, you would like to
enter the trade if the price is at such a level, say, just before the
market closes? In effect, preempting the day's close.
I believe that this is known as reverse engineering the indicator.
Personally, I would love to see corresponding formulas for other indicators
such as the RSI, stochastics as well as MA crossovers. Why wait for next
day's open when you can get in before the close on the day before?
Any mathematical minds fancy giving it a go?
Regards,
Kevin
At 00:19 03/05/2007 -0700, you wrote:
>Hi Jose
>Thanks for writing this formula.
>This formula is useful for me for stock trading
>
>I also trade Futures.
>However is there any way to write a formula to know at what point tomorrow
>will it cross?
>This is because when I trade Future, I buy when the EMA cross up and I
>sell when it crosses down.
>Right now at the end of the day I manually key in the close price at the
>Downloader(Metastock) to check at what point it will cross for tommorow.
>I hope you will reply this email.
>Thanks
>
>Alwin Chuah
>.
>
>
>
>Jose Silva <<mailto:josesilva22%40yahoo.com>josesilva22@xxxxxxxxx> wrote:
>Alwin, if by "End Point" you mean the last crossover signal, try something
>like this:
>
>---8<-----------------------
>
>{ Last EMA crossover signal.
><http://www.metastocktools.com>http://www.metastocktools.com }
>
>{ EMA periods }
>pds1:=4;
>pds2:=9;
>
>{ EMAs }
>EMA1:=Mov(C,pds1,E);
>EMA2:=Mov(C,pds2,E);
>
>{ Crossover signals }
>signal:=Cross(EMA1,EMA2);
>
>{ Last signal }
>last:=signal*Cum(signal)=LastValue(Cum(signal));
>
>{ Plot in own window }
>{signal;}last
>
>---8<-----------------------
>
>jose '-)
><http://www.metastocktools.com>http://www.metastocktools.com
>
>--- In
><mailto:equismetastock%40yahoogroups.com>equismetastock@xxxxxxxxxxxxxxx,
>Alwin Chuah <ctk188@xxx> wrote:
> >
> > Hi
> > I am looking for a formula that can identify the
> > End Point of crossover of 2 EMAs ( eg EMA 4 cross EMA 9)
> >
> > Thanks
> > Alwin chuah
>
>---------------------------------
>Ahhh...imagining that irresistible "new car" smell?
>Check outnew cars at Yahoo! Autos.
>
>[Non-text portions of this message have been removed]
>
>
[Non-text portions of this message have been removed]
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