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Vic, do you have a rationale for why the code takes the absolute value of
the swing index? The swing index does have positive and negative values,
and taking the AbsValue makes all swings up. How could the code get a valid
directional clue from that?
thanks,
bobr
----- Original Message -----
From: "Vic Brower" <techtrader12@xxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Friday, August 03, 2001 8:02 PM
Subject: Indigo MSX system
> Hello Omega list,
>
> I'm sure most of you have heard of Indigo. Here is
> MSX, the most popular system in that so called "grey
> box" software package. In my opinion, it is also the
> only system in Indigo that is worthy of consideration
> for actually being traded. Even so, I would never
> trade this system as is. Instructions are included in
> the code.
>
> The "real" MSX system has a % trailing stop that exits
> a position once a trade retraces a specified % from
> the highest high/lowest low during a trade. This
> version contains a %profit target (just like the
> "real" MSX) but it does not include a % trailing stop.
> I had to leave something for you to do, right?
>
> Actually, if anyone has code for a basic % trailing
> stop, similar to chandelier but w/ % instead of ATR,
> I'd love to see how you've coded it. It sounds
> ridiculous, but I coded a basic %TrailStop a long time
> ago and now I can't find it.
>
> Enjoy,-L
>
> ==================Code below==========================
>
> {This is my rendition of the MSX system, the most
> popular & widely
> traded "model" in the Indigo "grey box" software
> package.
>
> Copy-"riiiight" Vic Brower, AKA - "L" 8/01
>
> **I did not hack into the Indigo program to obtain
> this code.
> I put this code together after reading publicly
> available
> information in the support section of Indigo's
> website.
> This system generates signals that are virtually
> identical
> to the actual MSX system, but it is not the EXACT
> same system**
>
> This code is provided for use in the public domain.
> I don't care what you do with it from this point
> forth,
> PLEASE DISTRIBUTE IT FREELY.
> However, if you decide to use it in a system for
> sale
> or lease, you are a huckster, you are worthless and
> weak,
> and you are just as lame as Indigo Investment
> Systems.
>
> -Set up any individual stock as Data1. High Beta
> stocks w/
> low market caps' tend to work OK.
>
> -Set up any index as Data2. The Nasdaq COMP tends to
> work well w/
> Nasdaq stocks.
>
> -Set MaxBarsBack to 5.
>
> -Set the DefaultTradeAmount to DollarsPerTransaction
> in the Costs tab.
>
> -Test it on a variety of stock/index combinations and
> decide for yourself
> if the Indigo software package is really worth $3700
> + dollars.}
>
> Inputs: BuyPct (.62),
> SellPct(.62),
> SignalSelect(01), {Set @ 1 to trigger off the
> index, 2 to trigger off the stock}
>
> IdxSellFiltTog (False), IdxSellFilt
> (00), {You can read about these on Indigo's}
> PriSellFiltTog (False), PriSellFilt (00),
> {website @ www.msindigo.com, or you can}
> PriPctSellFiltTog (False), PriPctSellFilt (00),
> {look at the code and figure it out.}
>
> ProfTrgtPct (9999) ; {Profit target percentage}
>
> Variables: MOM (00),
> SwingAv(00),
> IxSelDisable(00),
> PrSelDisable(00),
> PrPctSelDisable(00);
>
> {***********************************************************************}
> {Momentum value for Data2
> *********************************************}
>
> If SignalSelect < 2 then begin
> MOM = SwingIndex of Data2 ;
> End;
>
> If SignalSelect > 1 then begin
> MOM = SwingIndex {of Data1} ;
> End;
>
> {***********************************************************************}
> {Condition & Variable
> values********************************************}
>
> SwingAv = XAverage(AbsValue(MOM), 5) ;
>
> {Buy Condition}
> Condition1 = MOM > 0 + (SwingAv * BuyPct) ;
>
> {Sell Condition}
> Condition2 = MOM < 0 - (SwingAv * SellPct) ;
>
> {Index Sell Disable}
> If IdxSellFiltTog = True then begin
> If (C of Data2)[01] > Highest(C of Data2,
> IdxSellFilt)[02] AND
> (C of Data2)[00] > (Low of Data2)[01] then
> IxSelDisable = 01 else IxSelDisable = 00 ;
> End ;
>
> {Price Sell Disable}
> If PriSellFiltTog = True then begin
> If Close[01] > Highest(Close, PriSellFilt)[02] AND
> Close[00] > Low[01] then
> PrSelDisable = 01 else PrSelDisable = 00 ;
> End ;
>
> {Price percent Sell Disable}
> If PriPctSellFiltTog = True then begin
> If Close > (Close[1] + (Close[1] * (PriPctSellFilt /
> 100))) then
> PrPctSelDisable = 01 else PrPctSelDisable = 00 ;
> End ;
>
> {***********************************************************************}
> {Market Entries
> ********************************************************}
>
> {Buy signal}
>
> If Condition1 then Buy this bar on close ;
>
> {Sell signal}
>
> If (IxSelDisable + PrSelDisable + PrPctSelDisable) =
> 00 AND
> Condition2 then Sell this bar on close ;
>
> {***********************************************************************}
> {Market Exits
> **********************************************************}
>
> {ProfitTarget}
> If MarketPosition = 01 then begin {If we are currently
> long}
> ExitLong at EntryPrice + (EntryPrice * (ProfTrgtPct /
> 100 )) Limit ;
> End ;
> If MarketPosition = -01 then begin {If we are
> currently short}
> ExitShort at EntryPrice - (EntryPrice * (ProfTrgtPct /
> 100 )) Limit ;
> End ;
>
> {Exit all positions on last bar}
> If LastBarOnChart then begin
> ExitLong this bar on close ;
> ExitShort this bar on close ;
> End ;
>
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