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>>Truth is I'd really like to see more step up to the plate and give
coding a try. Its really not that difficult. In the end I think you
come away with some useful ideas and a much better understanding of
how an indicator works.<<
AS one starting to wade in the water I couldn't agree more.
Now about those man'o war, rip tides and under tow...
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Rick,
>
> The biggest problem with the use of DLL's is making sure that you
> have the right one installed and are referring to it. There were
two
> DLL's available at the Equis forum and now a third.
> The difference between the first two, which are in the files here,
> are the naming convention...in one you call:
> ExtFml("ForumDLL.VarMOV",2*(Mov(C,period/2,W))
> -Mov(C,period,W),Sqrt(period),W);{end}
>
> in the other you would use:
> ExtFml("Forum.VarMOV",2*(Mov(C,period/2,W))
> -Mov(C,period,W),Sqrt(period),W);{end}
>
> The only difference is whether you use Forum or ForumDLL.
>
> If you are going to use variable inputs then a DLL is really the
way
> to go. There was a time when only a select few of us had them but
> today there are any number of DLL's available and for free. The
same
> thing that you are going through is the reason they were designed.
>
> If I were to use a LastValue indicator, I would want it to be as a
> visual. I would always be skeptical of a trading system or signal
> using it.
>
> Thanks for the compliment! You're right we do learn from the
> exercises. Truth is I'd really like to see more step up to the
plate
> and give coding a try. Its really not that difficult. In the end I
> think you come away with some useful ideas and a much better
> understanding of how an indicator works.
>
> Best of luck,
>
> Preston
>
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Richard Briggs"
> <richardwbriggsjr@> wrote:
> >
> > Thanks,Preston. Actually I have been keeping up with the
> discussion and have
> > tried the DLL without success. Metastock doesn't recognize the
> subroutine in
> > the DLL. Can't get around it. And am I correct that LastValue
will
> give
> > accurate results if it doesn't have to look back? This trendline
> that I'm
> > using that redraws automatically at each new data point only uses
> the
> > current LastValue value? Thanks for your help. Rick.
> > p.s. You guys are a great resource. And very altruistic. Even
> though, I'm
> > sure, that you learn a lot yourselves from these coding workouts.
> >
> >
> >
> > On 8/9/07, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
> > >
> > > Rick,
> > >
> > > I'm somewhat skeptical about lastvalue. Even so I recently
> discussed
> > > an indicator which does use lastvalue. Here is the address:
> > >
> > > http://forum.equis.com/forums/thread/24601.aspx
> > >
> > > As you will note, Jose pointed out the somewhat risky use of
> > > lastvalue since it is hindsight based. The obvious solution
then
> is
> > > to use a DLL which is also pointed out in the discussion.
> > >
> > > The easiest indicator to use because of its inherent scaling is
> the
> > > RSI. The scale is 0 to 100. Of course you could normalize any
> > > indicator which would provide you with a usable scale, so the
> > > possibilities become endless. Now the real question is what
> > > indicator would provide the best indication of market momentum.
> I'd
> > > still lean towards a RSI.
> > >
> > > Hope this helps,
> > >
> > > Preston
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx <equismetastock%
> 40yahoogroups.com>,
> > > "richardwbriggsjr"
> > > <richardwbriggsjr@> wrote:
> > > >
> > > > Preston or Roy,
> > > > Since you guys are deep into variable variables, could you
> possibly
> > > > suggest a good indicator to be used to pass the period value
> into a
> > > > formula using LastValue? In this case an automatically
> adjusting
> > > > trendline. Thanks. Rick.
> > > >
> > >
> > >
> > >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
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