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Karl,
This was coded by Dave DeLuca and came from Omega's old BBS about 1994.
Both text code and .ela, as well as notes on usage are included.
Sorry, I don't have any personal experience with it.
Sherrill Styers
>Original message:
>Does anyone happen to have the code for Geitzen's Reactivity indicator that
>might be willing to share it? I would be glad to reciprocate if there is
>something you may need.
>Many thnaks,
>
>Karl kschr@xxxxxxxxxxx
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This is my version of the reactivity indicator as described in
the book "Real-Time Futures Trading" by Al Gietzen.
Gietzen was somewhat vague on the exact formula but this version
produces the results he described. The book recommends using this
indicator in combination with the observed cycles in the market,
and setting the reactivity length to one half the cycle period.
Enter trades when the indicator value crosses it's moving
average at the appropriate cycle highs and lows. If reactivity
crosses above or below rmean it is indicating exceptional price
sensitivity for the period's volume activity. Trades should
not be entered againest the market's move at the next cycle high
or low following this reactive period.
Dave DeLuca
03/13/94
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Newsgroups:
misc.invest.futures
References:
1
On 19 Dec 1997 23:12:26 GMT, hs20@xxxxxxxxxxxxx(Bigbar) wrote:
>Has anyone heard of or read of Al Gietzen's material? I have studied
>it for the past nine months and have been very succesful doing some
>paper trading. Let me know if you have any opinions. Thanks
I've been using the Reactivity in one form or another for a few years
now. I've done quite well with it in real trading. It excells at
keeping you on the right side of the market through the periods of
consolidation, allowing you to catch the larger moves.
The hardest part is learning to take the signals. The key to
success with this system is to constantly monitor the cycle
lengths and adjust the indicator to the 1/2 cycle length. I do this
every 4 or 5 cycles of the primary indicator.
One interesting (and profitable) note, watch for divergence of the
money flow and midpoint price especially in the hog and wheat market.
If this divergence lasts for a week or so, it's about the surest
signal you'll ever get in the futures markets.
(Author unknown)
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.ELA File text
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{Type: Indicator
Name: Reactivity
Notes: Aspect ratio * Momentum
Last update: 03/13/94
Printed on 01/05/99
Indicator: Reactivity as in Al Geitzen's book "Real Time Futures
Trading".
code by Dave DeLuca via Omega BBS}
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Inputs: rLen(5), xLen(4);
Vars: r(0);
PLOT1(Reactivity(rLen),"Reactivity");
PLOT2(rmean(rLen),"rmean");
PLOT3(1.2*-rmean(rLen),"-rmean");
PLOT4(Xaverage(Reactivity(rLen), xLen,"");
Attachment Converted: "c:\eudora\attach\Reactiv.ela"
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