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Dear Preston,
I have checked some manually. This works 8 out of 10 times and gives
excellent returns. Just midn blowing..please develop indicator to back test.
Sunil
On 5/28/07, SUNIL gupta <sunilgupta72@xxxxxxxxx> wrote:
>
> 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
--
Sunil Gupta
[Non-text portions of this message have been removed]
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