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Sunil,
Davas, Turtle, or Range?
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "SUNIL gupta"
<sunilgupta72@xxx> wrote:
>
> 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@xxx> 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@> 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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