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No code or "hard work" needed:
I said:
"Under Input, Price, type:
Close of data1 - close of data2
{or whatever the spread datas are}"
IOW:
Format the indictor in Charting (TS4 version), click input,
click edit price, type in:
Close of data1 - close of data2
or
Close of data1/close of data2
or
Close of data2/close of data3
{or whatever the spread data you want}
BW
From: "Tanoto Sau Ian" <sitanoto@xxxxxxxxxxxxxx>
To: "List, Omega" <omega-list@xxxxxxxxxx>
Subject: Applying stat. indicators to spreads
Date: Fri, 1 Feb 2002 06:26:47 +0800
Hi,
I am trying to apply stat. indicators like RSI, momentum, etc to spread =
charts of spreads. However, that is not possible as I can only choose =
either data1 or data2, which are components of the spread, instead of =
the spread itself.
Do i have to rewrite all these indicators to work with spreads or are =
they just impossible to do so?
Tks, for all the help u guys are giving here.
tsi
>From: "Tanoto Sau Ian" <sitanoto@xxxxxxxxxxxxxx>
>To: "Jim Johnson" <jejohn@xxxxxxxxxxxxxxxx>
>CC: <omega-list@xxxxxxxxxx>
>Subject: Re: Applying stat. indicators to spreads
>Date: Fri, 1 Feb 2002 23:34:09 +0800
>
>tks for the replies, I really appreciate that.
>
>As for the changes, do I applly them in the "indicator" or "function"
>files?
>
>I have tried to be as "hardworking as possible", but hard as I had tried, I
>still could not get them right. Thus, I hope my esteemed friends here would
>be kind enough to point me in the right direction.
>
>I have included the codes for RSI's indicator and function files. Would u
>be
>kind enough to show me the amendments to these files so that RSI can be
>applied to spread prices? I hope I am not giving u the impression that I am
>not willing to think. I have tried very hard, but still my best is not
>enough to get them to work. Please just show me one example so that I may
>learn from it. tks a million.
>
>tsi
>
>Function
>
>Inputs: Price(NumericSeries), Length(NumericSimple);
>Variables: Counter(0), DownAmt(0), UpAmt(0), UpSum(0), DownSum(0),
>UpAvg(0),
>DownAvg(0);
>
>If CurrentBar = 1 AND Length > 0 Then Begin
> UpSum = 0;
> DownSum = 0;
> For Counter = 0 To Length - 1 Begin
> UpAmt = Price[Counter] - Price[Counter+1];
> If UpAmt >= 0 Then
> DownAmt = 0
> Else Begin
> DownAmt = -UpAmt;
> UpAmt = 0;
> End;
> UpSum = UpSum + UpAmt;
> DownSum = DownSum + DownAmt;
> End;
> UpAvg = UpSum / Length;
> DownAvg = DownSum / Length;
>End
>Else
> If CurrentBar > 1 AND Length > 0 Then Begin
> UpAmt = Price[0] - Price[1];
> If UpAmt >= 0 Then
> DownAmt = 0
> Else Begin
> DownAmt = -UpAmt;
> UpAmt = 0;
> End;
> UpAvg = (UpAvg[1] * (Length - 1) + UpAmt) / Length;
> DownAvg = (DownAvg[1] * (Length - 1) + DownAmt) / Length;
> End;
>
>If UpAvg + DownAvg <> 0 Then
> RSI = 100 * UpAvg / (UpAvg + DownAvg)
>Else
> RSI = 0;
>
>
>
>Indicator
>
>Inputs: NumericStream(Close), Length(14), BuyZone(30), SellZone(70),
>BZColor(Green), SZColor(Magenta);
>
>Plot1(RSI(NumericStream, Length), "RSI");
>Plot2(BuyZone, "BuyZone");
>Plot3(SellZone, "SellZone");
>
>If Plot1 > SellZone then Begin
> Alert("The RSI is in overbought territory");
> SetPlotColor(1, SZColor);
>End
>Else
> If Plot1 < BuyZone then Begin
> Alert("The RSI is in oversold territory");
> SetPlotColor(1, BZColor);
> End;
>
>{RSI Expert Commentary }
>#BeginCmtry
> Commentary(ExpertRSI(Plot1, Plot2, Plot3));
>#End;
>
>----- Original Message -----
>From: "Jim Johnson" <jejohn@xxxxxxxxxxxxxxxx>
>To: "Tanoto Sau Ian" <sitanoto@xxxxxxxxxxxxxx>
>Cc: <omega-list@xxxxxxxxxx>
>Sent: Friday, February 01, 2002 11:02
>Subject: Re: Applying stat. indicators to spreads
>
>
> > Hello Tanoto,
> >
> > for any indicator where Price is an input (often you;ll see
> > Price(close) ) you would substitute Price(Close of Data1 - Close of
> > Data2). Obviously the minus could be "divide by" depending the kind
> > of spread you want.
> >
> > Thursday, January 31, 2002, 5:26:47 PM, you wrote:
> >
> > TSI> Hi,
> >
> > TSI> I am trying to apply stat. indicators like RSI, momentum, etc to
>spread =
> > TSI> charts of spreads. However, that is not possible as I can only
>choose
>=
> > TSI> either data1 or data2, which are components of the spread, instead
>of
>=
> > TSI> the spread itself.
> >
> > TSI> Do i have to rewrite all these indicators to work with spreads or
>are
>=
> > TSI> they just impossible to do so?
> >
> > TSI> Tks, for all the help u guys are giving here.
> >
> > TSI> tsi
> >
> >
> >
> > --
> > Best regards,
> > Jim mailto:jejohn@xxxxxxxxxxxxxxxx
>
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