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RE: [EquisMetaStock Group] Hindenburg Omen



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 [this didn't seem to go through the first time]

-----Original Message-----
From: Andrew Tomlinson [mailto:admin@xxxxxxxxxxxxxxxxxx]
Sent: Wednesday, August 15, 2007 3:10 PM
To: 'equismetastock@xxxxxxxxxxxxxxx'
Subject: RE: [EquisMetaStock Group] Hindenburg Omen


This is the quick and dirty that I use. Format as a histogram and fix the
vertical scale a bit over 4, with a horizontal line at 4. The signal occurs
when the indicator is at 4. Obviously, some of the variables can be defined
differently, and use your own security paths. Be aware that new hi and low
data can vary a lot between providers.

{see http://tinyurl.com/y7age4 for origins and interpretation. Full
confirmation requires a cluster of signals in a 36 day period} {copyright
Andrew Tomlinson 2007} {1. daily number of NYSE new 52 week highs and ditto
lows are so high that the smaller is > 2.2% of total NYSE issues}

NH:=Security("C:\MetaStock Data\Market Data\x.nyse-h", C);
NL:=Security("C:\MetaStock Data\Market Data\x.nyse-l", C);
NT:=Security("C:\MetaStock Data\Market Data\x.nyse-t", C);
H1:=Min(NH/NT*100,NL/NT*100)>2.2;

{2. 10 week NYSE MA rising}

NYA:= Security("C:\MetaStock Data\Indeces\.nya",C); AV:= Mov(NYA,50,S); H2:=
ROC(AV,5,%)>=0;

{3. McClellan Oscillator is negative}

Adv:=Security("C:\MetaStock Data\Market Data\x.nyse-a",C);
Dec:=Security("C:\MetaStock Data\Market Data\x.nyse-d",C);
RatAdj:=(Adv-Dec)/(Adv+Dec)*1000;
McC:=Mov(RatAdj,19,EXPONENTIAL) - Mov(RatAdj,39,EXPONENTIAL); H3:= McC<0;

{4. New highs less than twice new lows}

H4:=NH/NL<=2;

{Signal}

HS:=H1 + H2 + H3 + H4 =4;

{Plot}

H1 + H2 + H3 + H4


________________________________

From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Claud Baruch
Sent: Wednesday, August 15, 2007 2:33 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Hindenburg Omen



I haven't coded it but track it via a spreadsheet and then manually plot it
on a Metastock chart.

Claud

Brett Sinclair wrote:

>Has anyone coded the Hindenburg Omen in Metastock?
>
> Thanks, Brett
>
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>Yahoo! Groups Links
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[Non-text portions of this message have been removed]





 
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