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[EquisMetaStock Group] Re: About Mr.Karnish CMO3/DIA test setup.



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Glad I could help Kees!

Preston


--- In equismetastock@xxxxxxxxxxxxxxx, "Kees Takkenberg" 
<c.a.takkenberg@xxx> wrote:
>
> O.K. Preston,
> 
> Things are clear to me now.
> 
> Thanks again for your support , your advice and your time.
> 
> Regards, Kees.
> 
> 
>   ----- Original Message ----- 
>   From: pumrysh 
>   To: equismetastock@xxxxxxxxxxxxxxx 
>   Sent: Thursday, February 05, 2009 6:45 PM
>   Subject: [EquisMetaStock Group] Re: About Mr.Karnish CMO3/DIA 
test setup.
> 
> 
>   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@xxxxxxxxxxxxxxx, "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@xxxxxxxxxxxxxxx 
>   > 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@xxxxxxxxxxxxxxx, "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
>   > >
>   >
>




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