[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[EquisMetaStock Group] Re: LOwest Bar in last four trading sessions - EXPLORER FORMULA NEEDED



PureBytes Links

Trading Reference Links

Sunil,

Here is the trading range formula:

{TRUE RANGE FORMULA}
TR:= (H-L+Abs(H-Ref(C,-1))+Abs(L-Ref(C,-1)))/2;

To find the lowest value in four days use:

LLV(TR,4);


Good luck,

Preston



--- In equismetastock@xxxxxxxxxxxxxxx, "SUNIL gupta" 
<sunilgupta72@xxx> wrote:
>
> Dear Preston,
> 
> Thanks for the Help but what i really need is to find out the 
lowest trading
> range in last four trading sessions i.e. Three sessions and the 
fourth day.
> What i belive is that after the lowest range in 3+1 day stocks 
tend to give
> a explosive ,move upside or downside and hence i need to find a 
explorer for
> such kind of stocks.
> 
> Sunil Gupta
> 
> 
> On 5/27/07, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
> >
> >   Sunil,
> >
> > Before we get into an exploration you need to determine if the 
high-
> > low is really what you want.
> >
> > The other day we got into a discussion about normalized 
indicators.
> > I introduced a normalizing/indexing formula which is:
> >
> > {Normalized Indicator}
> > Ind:= {your indicator here};
> > Npds:=Input("periods to normalize",
> > 1,500,48);
> > Norm:=(Ind-LLV(Ind,Npds))
> > /(HHV(Ind,Npds)
> > -LLV(Ind,Npds)
> > +.0000001)*100;
> > Norm{end}
> >
> > If I use IND:= high-low; for the indicator what I get is a chart
> > that really has little value. During an uptrend for instance the
> > range between the high and low will decrease. Thus if I were 
looking
> > for signals I wouldn't get them.
> >
> > If on the other hand I changed the formula and used IND:= close;
> > what I will get is an indicator that is much truer to the real 
trend.
> >
> > Notice that the value of NORM is determined by indexing the 
highest
> > high values and the lowest low values of the indicator over a 
period
> > of time. That value can easily be changed from 48 to either 3 or 
4.
> >
> > In an exploration you must lock the values that are normally 
inputed
> > in an indicator. Thus you would need to change the exploration
> > formula to:
> >
> > {Normalized Indicator for exploration}
> > Ind:= close;
> > Npds:= 4;
> > Norm:=(Ind-LLV(Ind,Npds))
> > /(HHV(Ind,Npds)-
> > LLV(Ind,Npds)+.0000001)*100;
> > Norm
> >
> > I think you will find that 4 is a bit too sensitive and a better
> > alternative will be something greater than 5 which is a weeks 
worth
> > of trading. Think of this value as a lookback period for a moving
> > average. Would you really want to use something less than 5 which
> > would result in a lot of whipsaws.
> >
> > Now that you are indexed or normalized it is much easier to
> > successfully trade simply by looking for values greater than or 
less
> > than 50 or whatever value you determine as your entry/exit 
points.
> >
> > Once you have determined those values you could simply put the
> > indicator in column A and filter with column B being >50 and 
column
> > C as <50 .
> >
> > Hope this helps,
> >
> > Preston
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx <equismetastock%
40yahoogroups.com>,
> > "SUNIL gupta"
> > <sunilgupta72@> wrote:
> > >
> > > Dear Friends,
> > >
> > > I am new to metastock. Please can anyone help me with composing
> > formula for
> > > explorer for finding out which shares have been in lowest 
trading
> > range of
> > > last four days. I mean that day X's Trading range (high-low)
> > should be
> > > lowest of the last three trading seesions.
> > > --
> > > Sunil Gupta
> > >
> > >
> > > [Non-text portions of this message have been removed]
> > >
> >
> > 
> >
> 
> 
> 
> -- 
> Sunil Gupta
> 
> 
> [Non-text portions of this message have been removed]
>




 
Yahoo! Groups Links

<*> To visit your group on the web, go to:
    http://groups.yahoo.com/group/equismetastock/

<*> Your email settings:
    Individual Email | Traditional

<*> To change settings online go to:
    http://groups.yahoo.com/group/equismetastock/join
    (Yahoo! ID required)

<*> To change settings via email:
    mailto:equismetastock-digest@xxxxxxxxxxxxxxx 
    mailto:equismetastock-fullfeatured@xxxxxxxxxxxxxxx

<*> 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/