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Sunil,
Where did you get the idea?
Is it something like this?
http://trader.online.pl/MSZ/e-w-Breakout_Range2.html
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "SUNIL gupta"
<sunilgupta72@xxx> wrote:
>
> Dear Pretson,
>
> I think i am still not being 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@> 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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