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Dear Preston,
well i havent tried Darvas boxes but the link u gave me i think
works.whatis darvas boxes? It isnt exactly wht i was looking for but
that things
works wonderful from what i have observed after back testing. anyway Preston
you have been of great help to a new user like me. Thanks for your patience.
The inside breakout has been working wonderfully for me and made lot of
money through it in many stocks. I develop my own idea preston.
I have one more theory preston and it works very fine. I just need to make
expert advisor for it to back test the indicator. Please help me making
that. The conditions are as follows`:-
I want an Indicator whih gives buy signal when a particulat stock tough 50
days highest high and the indicator should give buy signal when it fulfills
that condition. And the stop loss for the buy signal should be 25 days
lowest low on trailing basis. the next buy signal should be genrated only
after the stop loss is hit. It is very important that stop loss should be 25
days lowest low on trailing basis. I think this is also known as :TURTLE
FORMULA.
thanks in advance for ur help
Regards,
Sunil gupta
On 5/28/07, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
>
> Sunil,
>
> Just another thought here, have you investigated Darvas boxes?
>
> Preston
>
> --- In equismetastock@xxxxxxxxxxxxxxx <equismetastock%40yahoogroups.com>,
> 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 <equismetastock%40yahoogroups.com>,
> "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<no_reply%40yahoogroups.com>>
> 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><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>
> <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><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>
> > > > <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><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]
> > >
> >
>
>
>
--
Sunil Gupta
[Non-text portions of this message have been removed]
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