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Preston,
thanks for the info on Rainbow Indicator.
must say I am pretty appreciative of the work you are doing.
have been learning a good amount of my programming from this group and great
amount of info on so many other things.
thanks again
gv
----- Original Message -----
From: "pumrysh" <no_reply@xxxxxxxxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Wednesday, February 18, 2009 9:39 PM
Subject: [EquisMetaStock Group] Re: adjusted moving averages &
zerolagoscillators
> GV,
>
> 1.Charts will be broadcast to those choosing to receive emails but
> not saved in the message archive.
>
> 2.The RMO uses recursive smoothing.
>
> 3.While the indicator may not come with the flexibility of choosing
> your own parameter, it can be modified.
>
> 4. The RMO is the Rainbow Indicator created by Mel Widner, Ph.D. and
> originally introduced in the July 1997 issue of Technical Analysis of
> Stocks and Commodities magazine.
>
> The Rainbow Charts indicator is trend-following indicator. The basis
> of the Rainbow Charts indicator is a 2-period simple moving average.
> Recursive smoothing is then applied to the original moving average
> thereby creating 9 additional moving averages; each new moving
> average is based on the previous moving average. Through this use of
> recursive smoothing a full spectrum of trends is created that, when
> plotted using continuous colors, have the appearance of a rainbow.
>
> The Rainbow Oscillator is also a trend-following indicator that is
> based on the same calculations used to create the Rainbow Charts. The
> Rainbow Oscillator is derived from a consensus of the Rainbow Charts
> trends. It defines the highest high and lowest low of those moving
> averages to create an oscillator and bandwidth lines based on those
> calculations.
>
>
> Click on the link for the Meatastock formula:
>
> http://www.traders.com/Documentation/FEEDbk_docs/Archive/0797/tradetip
> s.html
>
> or go to:
>
> http://www.paritech.com/education/technical/custom/indicators/97jul.as
> p
>
>
> The article link is:
>
> http://www.traders.com/Documentation/FEEDbk_docs/Archive/0797/0797Widn
> er.html
>
> Discussion at the Equis Forum:
>
> http://forum.equis.com/forums/post/23170.aspx
>
>
>
> Hope this helps,
>
>
> Preston
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Vasanth Mohan G Buddaan"
> <vgbudawn@xxx> wrote:
>>
>> Talking of zero lag moving averages, there is an 'adjusted'
> oscillator on which there was a good amount of discussion earlier -
> RMO - which is also good at tagging onto the flow of the prices like
> the TEMA
>>
>> Hope my below given chart gets posted on the yahoo (otherwise it
> would be meaningless)...
>>
>>
>>
>> Have taken 2 weeks of 5min chart of nifty (Indian Index) in which
> period there is trending in both up & down sides, flat periods and a
> couple of gaps which were followed by contra market movement by which
> I mean that the prices moved opposite to the gap on both occasions -
> once after violating the low and once without violating it on 15th &
> 20th respectively. When the price violated the low formed on the gap
> many (trend following) systems would have given a 'sell' which would
> have got whipsawed much later in a normal MA cross over system (like
> the one shown at the top in green colour - which is a difference of a
> long & short period moving averages).
>>
>> Whereas the RMO given at the bottom in dark blue colour immediately
> turned up in the direction of the recent price behaviour ignoring
> the 'gap down' - the area marked between the yellow - dotted & plain
> lines. On 20th, it was so swift the whipsawing would have been
> minimum as compared to the normal MA crossover system given at top of
> the chart.
>>
>> Among the Moving Averages - TEMA (red line) at the bottom and EMA
> (yellow) at the top - both of 10d - obviously TEMA has the minimum
> lag and hence a faster recovery after the gap. To me it looks like
> RMO is largely a moving average cross over system as may be seen by
> the white & black lines giving intermediate tops & bottoms in RMO
> which mostly coincides with the price extremes or does so with a
> negligible lag. There is quite possibly a component of a conventional
> oscillator built into it. The main problem is that the indicator does
> not come with the flexibility of choosing our own parameter. It is so
> good at capturing the trends but does not have much of the predictive
> ability of an oscillator resuting in suffering the 'gaps' - may not
> be 'after' but 'prior' to them.
>>
>> Just a post to throw up an idea at altering a MA Cross Over
> system...
>>
>>
>> gv
>> ----- Original Message -----
>> From: Lionel Issen
>> To: equismetastock@xxxxxxxxxxxxxxx
>> Sent: Tuesday, February 17, 2009 11:22 PM
>> Subject: RE: [EquisMetaStock Group] Re: adjusted moving avs
>>
>>
>> Do you need a zero-lag moving average?
>>
>>
>>
>> From: equismetastock@xxxxxxxxxxxxxxx
> [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of pjrbutler
>> Sent: Tuesday, February 17, 2009 3:44 AM
>> To: equismetastock@xxxxxxxxxxxxxxx
>> Subject: [EquisMetaStock Group] Re: adjusted moving avs
>>
>>
>>
>> Thx for your replies
>> I had a look at Jurik's. It's a pity he charges so much , but it
> does
>> look a very good mov av. Tillson comes out second best. Has
> anyone
>> got his address ? I googled him. There were 186,000 pages of
>> Tillson's in Colorado !
>>
>> Thx
>> Pat
>>
>> --- In equismetastock@xxxxxxxxxxxxxxx, Code 2 <Code2@> wrote:
>> >
>> > Mark Jurik's JMA is a very nice low-lag moving average with
> little
>> > overshoot. See http://www.jurikres.com/catalog/ms_ama.htm#top
>> >
>> >
>> >
>> > From: pumrysh <no_reply@xxxxxxxxxxxxxxx>
>> > To: equismetastock@xxxxxxxxxxxxxxx
>> > Date: Sunday, February 15, 2009, 10:20:18 AM
>> > Subject: [EquisMetaStock Group] Re: adjusted moving avs
>> >
>> > Hi Pat,
>> >
>> > The problem with any moving average is the lag that is
> introduced
>> when
>> > you begin manipulating them. So the question then is are you
> really
>> > improving them? There is a formula out there that was discussed
>> several
>> > years ago at:
>> >
> http://finance.groups.yahoo.com/group/equismetastock/message/23694
>> >
>> > I'm not aware of any that restrict the advance/decline by a
>> percentage
>> > or points...seems that would defeat their purpose.
>> >
>> > Another thought is an adaptive moving average which is set to a
>> small
>> > lookback period at the beginning of a trend then adjust to
> longer
>> > lookbacks as the trend progresses based on an indicator value.
>> There
>> > are DLL's in the files section that will help you with this
> task.
>> >
>> > Preston
>> >
>> >
>> >
>> >
>> > --- In equismetastock@xxxxxxxxxxxxxxx, "Patrick Butler"
> <pat494@>
>> > wrote:
>> > >
>> > > Hi,
>> > > Our old friends moving averages do a good job and are
> generally
>> > useful. However to improve them and their forecasting ability,
> is
>> it
>> > possible to negate their larger than normal swings up and
> down ? A
>> > spike of more than X points or a percentage perhaps ? Perhaps
> there
>> is
>> > a formula already out there somewhere ? Jurik may have done
>> something
>> > along these lines.
>> > > Thanks
>> > > Pat
>>
>
>
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
>
>
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