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There were articles in Roy's newsletter in April and May that covered
everything you would want to know about trading using the Turtle
system, Donchian channels and new highs trend trading. All the code is
in the article along with test results and tester code.
Contact Roy
http://www.metastocktips.co.nz/
Super
--- In equismetastock@xxxxxxxxxxxxxxx, "SUNIL gupta"
<sunilgupta72@xxx> wrote:
>
> TURTLE Pretson.... How do i make expert advisor for it?
>
> On 5/29/07, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
> >
> > Sunil,
> >
> > Davas, Turtle, or Range?
> >
> > Preston
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx
<equismetastock%40yahoogroups.com>,
> > "SUNIL gupta"
> > <sunilgupta72@> 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@> 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<no_reply%40yahoogroups.com>>
> > wrote:
> > > > >
> > > > > Sunil,
> > > > >
> > > > > Just another thought here, have you investigated Darvas boxes?
> > > > >
> > > > > Preston
> > > > >
> > > > > --- In
equismetastock@xxxxxxxxxxxxxxx<equismetastock%40yahoogroups.com><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>
> > <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>
> > <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><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%40yahoogr
> > oups.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><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>
> > > > > > > > <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 ><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]
> > >
> >
> >
> >
>
>
>
> --
> Sunil Gupta
>
>
> [Non-text portions of this message have been removed]
>
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