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Your approach will run afoul of the scaling of the chart. I use Rate Of Return
on Linear Regression lines to deal with this problem. Here are 3 different
formulas which were given to me. I use Calculated ROR.
' SimpleROR = ((LREnd-LRBegin)/Abs(LRBegin)) * (amcTRADEDAYS_YEAR /
LRLength in trade days)
'
' CompoundROR = ((LREnd / LRBegin) ^ (amcTRADEDAYS_YEAR / LRLength in
trade days)) - 1
' NOTE: Negative number can not be raised to fractional power
'
' Calculated ROR = (Sum((LRCurr - LRPrev) / LRPrev) / LRLength) *
amcTRADEDAYS_YEAR
Earl
-----Original Message-----
From: Tullman, Mitch <MitchT@xxxxxxx>
To: 'REALTRADERS@xxxxxxxxxxxxxx' <REALTRADERS@xxxxxxxxxxxxxx>
Date: Thursday, May 14, 1998 9:19 AM
Subject: help w/ omega code
>Hi,
>
>
> Does anyone know how to code this idea??
>
>If the angle of the moving avg is greater than 35% then buy the first
>.382% retracement
>of the underlying
>
>
>don't even know if it's possible....thanks, Mitch
>
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