|
PureBytes Links
Trading Reference Links
|
DEar SIr,
I am not bieng able to put the formula in MEtastock Explorer. Maybe i am not
bieng able to explain properly. Let me explain with example:-
Supposing on Monday share x was :- High=100 low= 80
Tuesday High=102 low=89
Wednesday High=95 Low 75
Thursday High = 90 low=85
Now if u look carefully thursday has been lowest trading range for the Share
X i.e HIGH MINUS LOW. so I want to explore such shares which on a particular
day has been in lowest zone or lets say in very tight range than the
previous three days.
I hope it is clear now. Thanks for your help.
Sunil
On 5/28/07, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
>
> 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 <equismetastock%40yahoogroups.com>,
> "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<no_reply%40yahoogroups.com>>
> 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><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]
> >
>
>
>
--
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/
|