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Sunil,
Just another thought here, have you investigated Darvas boxes?
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> 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@> 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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