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Alvin,
1. Due to the forward reference nothing can be done to change the DPO.
2. Use the built in Price Oscillator set at 1(short) and 7(long).
3. Sorry I have no experience with the Dinapoli strategies.
4. I don't trade intraday but there is no reason why the Price
Oscillator would not work for you.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, Alvin Yu <alvinyu2005@xxx>
wrote:
>
> Hi Preston
>    Thks for it .I did get the proper scale with your new
formula .You are right ,with the below formula,the chart shows as
follow:
> Â Â Â Â Â Â Â Â Â X:=Input("Periods" ,1,100,7) ;
> Â Â Â Â Â Â Â Â Â DPO(X)*100
>
> Â Â Â Â Â Â (Note: the chart only show DPO value up to12/1/08
instead of 12/5/08 as per your message)
>
> Â Â Â Can u help further on the below also:
>
> 1) What should be changed to let it show "today"Â date value ?
> 2) Thks for your sharing on DPO experience. I was reading a bookÂ
from Joe Dinapoli "Trading with Dinapoli Levels" and he uses "Detrend
Oscillator" for Oversold/Overbought tool when it reaches >70%Â .His
indicator is " Close (today) minus seven day moving average of the
close"
> 3) Do u have trading experience on Dinapoli Strategies ?
> 4) Do u have any indicators or their combinations that are
reasonable for "Intraday" Â and " longer terms --means about 1 week
or 2 " that you can share with me ?Exactly like u said,there are too
many indicators but there may besome excellencent combinations that
are good .
>
> Hope I am not asking too much from you .
>
> rgds
>
>
>
>
> ________________________________
> From: pumrysh <no_reply@xxxxxxxxxxxxxxx>
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Saturday, 6 December 2008 2:25:31
> Subject: [EquisMetaStock Group] Re: Joe Dinapoli's Detrended Price
Oscillator
>
>
> Alvin,
>
> Try this:
>
> X:=Input("Periods" ,1,100,20) ;
> DPO(X)*100
>
> The DPO is a built-in metastock indicator. It can be found in the
> dropdown indicator list.
>
> The one I wrote above multiplies the results by 100 which changes
the
> result from decimals to whole numbers.
>
> Since I do not have your other program to reference I have no idea
> what is going on. To tell which is pointed in the right direction,
> look at the last couple of data bars on the chart. If it is up then
> the direction should be up.
>
> Finally, look very closely at the last couple of bars on the chart
> and the indicator. This is called the hard right edge. You should
NOT
> see any data for the indicator on the last 4 bars in your case
since
> you are using a lookback of 7. This is because the DPO uses a
forward
> reference.
>
> Many years ago when I first started using Metastock I ran system
test
> on every indicator in the software. I thought the DPO was a big
> winner and that I had found "The Holy Grail". Then I realized that
> there were a number of faults with its use. The forward reference
was
> one and the number of trades was the other. You will not make money
> if you are having to pay your broker and the DPO had me paying him
> just about every other day.
>
> Preston
>
> --- In equismetastock@ yahoogroups. com, "alvinyu2005"
> <alvinyu2005@ ...> wrote:
> >
> > HiPumrysh
> >
> > I tried the formula Close-Ref( Mov(Close, 7, Simple),4.5) and
> found
> > the followings:
> > 1) The Y-axis is not the +/- 100% but in decimal points
> > 2)The graph should be positive pointing up (used other program to
> > cross reference) buy mine is negative and point downward.
> >
> > Can u help again ?
> > rgds
> >
> > --- In equismetastock@ yahoogroups. com, pumrysh <no_reply@>
wrote:
> > >
> > > http://trader. online.pl/ MSZ/e-w-Detrende d_Price_Oscillat
or.html
> > >
> > >
> > > --- In equismetastock@ yahoogroups. com, "alvinyu2005"
> <alvinyu2005@ >
> > > wrote:
> > > >
> > > > Hi
> > > > May I know is there a site I can get this formula written for
> > > > Metastock ? I tried the following but the result seem not
> > correct :
> > > >
> > > > Close-Ref( Mov(Close, X, Simple ), T)
> > > >
> > > > I used X=14 and T=7
> > > >
> > > > rgds
> > > > Alvin Yu
> > > >
> > >
> >
>
>
>
>
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>
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