|
PureBytes Links
Trading Reference Links
|
Free code for murrey math
this code is made for metastock but can be adapted for
TS
Dick
> >Murrey Mathers Who Use MetaStock
> >
> >There has been considerable discussion lately on
this
> >list regarding which is the correct square. A
square
> >is not done until its done. All you can know at any
> >point in time is what the most recently COMPLETED
> >64 day, 32 day, 16 day, etc... (e.g. a completed 64
> >day square is one that has moved through all 64
days).
> >
> >This can be more easily seen by showing all of the
> >squares (64, 32, 16, 8, and 4) simultaneously
(Murrey's
> >so called 3rd dimension). To this end I am providing
you
> >with an indicator that will run under the current
version
> >of MetaStock (6.5.2 EOD). The text of this
indicator
> >appears below. You may cut and paste it from this
e-mail
> >to the MetaStock indicator editor. Give it whatever
name
> >you want. You may then drop it into your charts. I
have
> >also attached a GIF file of the OEX cash index that
shows
> >the end result. The labels I added manually for
clarity
> >(match the color to the square). The Waist indicator
is a
> >separate indicator
> >
> >Waist:=(O+C)*0.5;
> >Waist;
> >
> >The indicator I am providing here must be applied
> >separately for each square in your chart. So, you
will
> >drag it into your chart once for each of the 64, 32,
16,
> >8 and 4 day squares. That means the chart will
contain 5
> >copies of this indicator. This indicator is already
set
> >up with the start of the current Murrey Math year
> >(10/5/98). You will want to assign a unique color
to
> >each copy of the indicator so that each square may
be
> >easily recognized.
> >
> >The vertical lines are created by using the CYCLE
LINES
> >function built into MetaStock. I have created 3 sets
of
> >lines (4 day, 8 day, and 16 day). Each set of lines
was
> >given a different line thickness to distinguish
them.
> >Each set of vertical lines was given a start date
of
> >10/5/98. That way they are aligned with the
indicator.
> >
> >Once you have created your squares and time lines
you can
> >save this as a template file. Then you can bring up
any
> >other time series and apply this template. The
squares are
> >created automatically. If you save this as the
default
> >template, it is applied automatically to any new
charts.
> >
> >To create a square of witdh N, this indicator
identifies
> >the highest and lowest values in the most recently
> >COMPLETED square of width N. The appropriate MM
lines
> >are calculated and displayed. The lines are
displayed from
> >the start of the square to the end of the chart.
> >
> >Due to certain limitations in the MetaStock
programming
> >language there are three restrictions.
> >
> >1) The indicator will not correctly calculate the
case
> > when price trades through a range from 0 to
> > approximately 2 x its perfect square (e.g. 2 x
100).
> > For stock traders this will restrict its use for
> > internet stocks which trade through a large
range.
> > For the conservative traders among you this will
not
> > present a problem. Most stocks and indices DOW,
SP's
> > will be calculated correctly.
> >
> >2) The indicator will not correctly calculate the
transition
> > square (e.g. when price trades across 2.5 x the
perfect
> > square). Again this will not be a restriction for
most
> > users.
> >
> >3) The circles are not applied automatically. These
must be
> > drawn in manually.
> >
> >Assuming that MetaStock expands its programming
language to
> >accept a greater number of variables and characters
in an
> >indicator, restrictions 1 and 2 will be eliminated.
> >
> >The positives are that you have all of the other
capabilities
> >of MetaStock at your disposal. You can apply Gann
Fans,
> >Speedlines, Gann Grids, Fib levels etc. You also
have access
> >to the programming language which will allow the
ambitious
> >among you to create explorations so that you may
search a
> >large universe of stocks for trading opportunities
(e.g. is
> >price > 8/8th's line for a square of width N?).
MetaStock
> >also supports candlestick recognition that could
also be
> >used in your explorations.
> >
> >Naturally, I take no responsibility for any
investment
> >decisions that may be made as a result of using
this
> >indicator. You assume full responsibilty when using
this
> >indicator. I am giving this indicator to you at no
cost.
> >Assume that it is worth what you paid for it.
> >
> >Regards,
> >Tim
> >
> >INDICATOR:
> >
> >
> >
> >SqW:=Input("Square Width (Days)",4,256,64);
> >MM:=Input("Start Date Month",1,12,10);
> >DD:=Input("Start Date Day ",1,31, 5);
> >YY:=Input("Start Date Year ",1700,2100,1998);
> >
> >T0:=LastValue(ValueWhen(1,DayOfMonth()=DD AND
> > Month()=MM AND
> > Year()=YY,Cum(1)));
> >
> >Sqrs:=Int((LastValue(Cum(1))-T0)/SqW)-1;
> >
> >S0:=T0+(Sqrs*SqW);
> >
> >Lo:=LastValue(ValueWhen(1,Cum(1)=S0+SqW-1,
> > LLV(Min(H,L),SqW)));
> >
> >Hi:=LastValue(ValueWhen(1,Cum(1)=S0+SqW-1,
> > HHV(Max(H,L),SqW)));
> >
> >Sf:=
> >If(Hi>25,If(Log(0.4*Hi)/Log(10)-
> > Int(Log(0.4*Hi)/Log(10))>0,
> >Exp(Log(10)*(Int(Log(0.4*Hi)/Log(10))+1)),
> >Exp(Log(10)*(Int(Log(0.4*Hi)/Log(10))))),
> >100*Exp(Log(8)*(Int(Log(0.005*Hi)/Log(8)))));
> >
> >N:=
> >If(Log(Sf/(Hi-Lo))/Log(8)<=0,0,
> > If(Frac(Log(Sf/(Hi-Lo))/Log(8))=0,
> > Int(Log(Sf/(Hi-Lo))/Log(8)),
> > Int(Log(Sf/(Hi-Lo))/Log(8))+1));
> >
> >Si:=Sf*Exp(-N*Log(8));
> >
> >M:=Int(((1/Log(2))*Log((Hi-Lo)/Si))+.00001);
> >
> >I:=Round(((Hi+Lo)*.5)/(Si*Exp((M-1)*Log(2))));
> >
> >B:=(I-1)*Si*Exp((M-1)*Log(2));
> >TT:=(I+1)*Si*Exp((M-1)*Log(2));
> >
> >Er:=If(Hi-TT>0.25*(TT-B) OR
> > B-Lo>0.25*(TT-B),1,0);
> >
> >MM:=If(Er=0,M,If(Er=1 AND M<2,M+1,0));
> >NN:=If(Er=0,N,If(Er=1 AND M<2,N,N-1));
> >
> >Si:=Sf*Exp(-NN*Log(8));
> >
> >I:=Round(((Hi+Lo)*.5)/
> > (Si*Exp((MM-1)*Log(2))));
> >
> >B:=ValueWhen(1,Cum(1)>=S0,
> > (I-1)*Si*Exp((MM-1)*Log(2)));
> >
> >TT:=ValueWhen(1,Cum(1)>=S0,
> > (I+1)*Si*Exp((MM-1)*Log(2)));
> >
> >B;
> >
> >{L1:=}ValueWhen(1,Cum(1)>=S0,
> > B+(0.125*(TT-B)));
> >
> >{L2:=}ValueWhen(1,Cum(1)>=S0,
> > B+(2.0*(0.125*(TT-B))));
> >
> >{L3:=}ValueWhen(1,Cum(1)>=S0,
> > B+(3.0*(0.125*(TT-B))));
> >
> >{L4:=}ValueWhen(1,Cum(1)>=S0,
> > B+(4.0*(0.125*(TT-B))));
> >
> >{L5:=}ValueWhen(1,Cum(1)>=S0,
> > B+(5.0*(0.125*(TT-B))));
> >
> >{L6:=}ValueWhen(1,Cum(1)>=S0,
> > B+(6.0*(0.125*(TT-B))));
> >
> >{L7:=}ValueWhen(1,Cum(1)>=S0,
> > B+(7.0*(0.125*(TT-B))));
> >
--- Jack Higgins <jfh37@xxxxxxxxxxxxxxxx> wrote:
> I have been following tradelab on and off for the
> last six months. The
> company made a decision awhile ago to stop promoting
> tradelab until it
> actually was a product for sale. Apparently there
was
> so much interest that
> the company was overwhelmed in answering daily
> questions about it and could
> not make headway in finalizing the product. The big
> guns of the company
> dropped off the tradelab list for the same reason -
> to work on the product
> instead of talking about it. Things were very quiet
> for awhile.
>
> Tradelab is currently in beta testing. They took the
> approach of having beta
> testers pay them for the privilage of testing the
> product. There was a bit
> of a stink about that, but they must have garnered
> enough people to proceed.
> In hindsite, I can say that at least they were being
> very honest in telling
> these first users that they were beta testers.
Unlike
> many other vendors who
> release a product and wait for the initial customers
> to tell them what the
> problems are - and I am not picking on Omega here
> because this seems to be
> the norm in the software industry - and then charge
> for the upgrades that
> fix these problems.
>
> If tradelab comes out as the product promised it
> should give TS a run for
> the money, but only if they include the ela transfer
> module as part of the
> initial package. Personally, I just can not see
> people abandoning all the
> work in custom indicators and systems that they have
> invested in TS - no
> matter how ticked off they with Omega. I also do not
> anticipate in seeing
> tradelab hit the market until it is a fully workable
> product - from what I
> have seen these guys learn from other peoples
> mistakes.
>
> Jack
>
> -----Original Message-----
> From: Cash <cashc@xxxxxxxxxxxx>
> To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
> Date: Friday, April 02, 1999 10:45 AM
> Subject: What's the deal with TradeLab?
>
>
> >I just went to the TradeLab website
> (http://www.sciapp.com) and noticed
> >that they're not selling software anywhere and when
> I tried to subscribe
> >to the mail list, I get a failure.
> >
> >I seem to recall last year they were making strides
> for an interesting
> >package and you could download some stuff or they
at
> least had pricing
> >up and more detailed subscriptions.
> >
> >Does anyone know if they are still pursuing the
> development and sales of
> >their software?
> >
> >
> >
> >
>
>
===
Big Lucky Dick
|