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Dear Pretson,
I think i am still not bieng able to explain. I belive that when a stock is
compressed like inside Bar and its the shortest range in last three days it
gives a breakout or breakdown the next day. I am lookintg for the kind of
explorer. Probably i am adding one more filter to inside bar that it should
be inside bar as well as lowest trading zone in last three days.
sunil gupta
On 5/28/07, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
>
> Sunil,
>
> Please reread my original post.
>
> 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.
>
> Therefore your indicator would be:
>
> {Sunil's Normalized Indicator}
> Ind:= high-low;
> Npds:=Input("periods to normalize",
> 1,500,4);
> Norm:=(Ind-LLV(Ind,Npds))
> /(HHV(Ind,Npds)
> -LLV(Ind,Npds)
> +.0000001)*100;
> Norm{end}
>
> If you plot as an indicator in its own window on a chart I believe
> you will see what you are looking for. Zones will be the values that
> you determine...0 to 30, 30 to 70, and 70 to 90.
>
> If this is not what you want please give me some more guidance. Maybe
> an internet example.
>
> Preston
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx <equismetastock%40yahoogroups.com>,
> "SUNIL gupta"
> <sunilgupta72@xxx> wrote:
> >
> > 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<no_reply%40yahoogroups.com>>
> 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><equismetastock%
> 40yahoogroups.com>,
> > > "SUNIL gupta"
> > > <sunilgupta72@> 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>
> <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><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]
> >
>
>
>
--
Sunil Gupta
[Non-text portions of this message have been removed]
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