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Re: EL help with indicator



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Hi Howard,

According to Kase, by using a weekly time-frame that is recalculated every
day, rather than a static weekly chart that is fresh one day out of five,
she is able to generate a superior stochastic to filter trades.   The logic
makes intuitive sense to me.

Barry

----- Original Message ----- 
From: Howard Jackson <hrjf4@xxxxxxxxx>
To: Barry Silberman <barry@xxxxxxxxxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Friday, February 04, 2000 8:06 AM
Subject: Re: EL help with indicator


> Why do all that thour ezl, when you can create a
> multidata chart with daily data as data1 and weekly
> data as data2 and then you can use
>    SlowK(14) of data2
> 
> H
> 
> --- Barry Silberman <barry@xxxxxxxxxxxxxxxxxxxxx>
> wrote:
> > Could someone please help with an attempt to do the
> > following:
> > 
> > 1-  create synthetic weekly bars from daily bars
> > 2-  create a Stochastic indicator similar to Kase's
> > Permission Stochastic.
> > 
> > She says in her book "Trading with the Odds"  (pgs
> > 55 - 58) that using this
> > type of stochastic as a filter to permission trades,
> > reduces whipsaws by
> > about 80% and leads by one or two days the normal
> > longer time-frame
> > stochastic.
> > 
> > I suspect I need to be using arrays, but my attempt
> > is as follows:
> > 
> >
> ==============================================================
> > Variables:  SynHi(0),  SynLo(0), SynOpen(0), 
> > SynClose(0), len(5), SloK(0),
> > SloD(0);
> > 
> > SynHi = highest(high, 5);
> > Synlo = lowest(low, 5);
> > Synopen = open[5];
> > Synclose = close[5];
> > 
> > {Stochastic - slow using weekly bars}
> > 
> > Inputs:  StochLen(46);      {Kase says to use (5 *
> > n) +1,   so to get the
> > equivalent of a 9 week stochastic use 46 bars}
> > 
> > SloK = SlowKCustom(synhi, synlo, synopen, StochLen);
> > SloD = SlowDCustom(synhi, synlo, synclose,
> > StochLen);
> > 
> > Condition1 = SloK > SloD;
> > Condition2 = SloK < SloD;
> > 
> > Plot1(SloK, "SlowK");
> > Plot2(SloD, "SlowD");
> > 
> > If Condition1 then
> > Plot3(50, "TrendUp", tool_green);
> > 
> > If Condition2 then
> > Plot4(50, "TrendDn", tool_red);
> > 
> >
> ==============================================================
> > Thank you for any help you can provide.
> > 
> > Barry
> > 
> > 
> > 
>