Kees,
Steve likes to feel very close to his indicators and often
nicknames
them. The Chande Momentum Oscillator is a built-in indicator and
is
sometimes called the CMO. Steve calls it CMO3 because he uses 3
lookback periods. You can call the built-in function by using
CMO(data,periods). If you should decide to write a custom formula or
use Steve's long version, once it is named you would use the formula
call like this: Fml("CMO3")
You could also use the built-in like
this: CMO(C,3);
Since we know there are division errors with the long
version of the
formula, I would simply use CMO(C,3); It is the same
thing.
Preston
--- In equismetastock@yahoogroups.com,
"Kees Takkenberg"
<c.a.takkenberg@...> wrote:
>
>
Peston,
>
> Thank you for your answers Preston.
>
>
So the "Sell short" was missing the Cross-function.
>
> I
understand I can write whatever a name I want the indicator to be?
>
> Am I wrong in thinking that if I do not use the original indicator
formula in a setup I have to use the Fml ( " ") function?
>
>
Because I don' t understand that only "CMO" works .
>
>
Regards,Kees.
>
>
> ----- Original Message -----
>
From: pumrysh
> To: equismetastock@yahoogroups.com
> Sent: Thursday, February 05, 2009 5:59 PM
> Subject:
[EquisMetaStock Group] Re: About Mr.Karnish CMO3/DIA
test setup.
>
>
> Kees,
>
> 1. Yes...but expect some division by
zero errors with this formula
>
> 2. You could or you could
write:
>
> {CMO3}
> {Steve Karnish's CMO}
>
CMO(C,3);
>
> 3. Much shorter to write CMO(C,3) and not have to
worry about the
> division error.
>
> 4. Sell short:
Cross(CMO(C,3),opt1)
>
> Preston
>
> --- In equismetastock@yahoogroups.com,
"Kees Takkenberg"
> <c.a.takkenberg@> wrote:
>
>
> > It seems I have some lack in fundamentel formulae
understanding.
> But I'm trying to do the test myself and I don't
get it right!
> >
> > E.g. the first rule is: Buy:
Cross(-opt1,CMO(C,3))
> >
> > In the indicatorbuilder
I found this formula, wich is
> namend "Chande Momentum
Oscillator".
> >
> >
100*((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14))-(Sum(If(C,<,Ref
(C,-
>
1),(Ref(C,-1)-C),0),14)))
/((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-
1)),0),14)
>
+(Sum(If(C,<,Ref(C,-1),(Ref(C,-1)-C),0),14))))
>
>
> > Question:
> >
> > 1. Because of the 3
periods Mr.Karnish uses, should I change
the 14
> into a 3?
>
> 2. Should I rename the "Chande Momentum Oscillator"into CMO.
> >
3. By doing so, the way to write the first rule (see above)
will
>
than be : Cross(-opt1, Fml( "CMO")), because I am referring to an
>
indicator in the Indicatorlist?
> > 4.Do I have to skip the (C,3))
because I already have changed a
14
> days period into a 3 one? Or
must I see the "CMO"as a complete
entity
> and set the "(C,3)" stil
behind it?
> >
> > When writing the third rule , Sell
short: ( CMO(C,3),opt1) into
the
> systemtester "Metastock" correct
me over and over again.
> > Is the word Cross missing here? Because
Buy to cover is with
the
> Crossfunction and I should say to sell
short is triggered when
the
> CMO crosses the above
triggerline!
> >
> > I would also say that I very much
appreciate Mr.Karnish webinar.
> >
> > And to you all out
there: I would really appreciate your help
on
> this.
> >
> > Regards,
> >
> > Kees Takkenberg
>
>
>