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I think the issue was Aug98....the Fear Parabolic.
You can find the code here
http://www.traders.com/Documentation/FEEDbk_docs/Archive/0898/TradersTips9808/Tips9808.html
and I will also paste it at the bottom.
I think this is a great name for an indicator, but I think it has little to do with human emotions since it is impossible to predict what the market is thinking as it trades...if it was possible, this indicator would be 100% correct.
I think I remember the system did well on bonds in the article...but so do lots of systems. I think I tried it on some other commodities and the results were not as thrilling. I still think it is an interesting indicator though
Andy
Here's the Easy Language code for my article "From technical terms to technical tools."
Function Name: FearPobcOsc
Inputs: Price(Numeric), Length(Numeric), Level(Numeric);
Vars: AvgAvgs(0), HiPrice(0), LoPrice(0), AvgVal(0);
Array: MPAvg[10](0);
AvgAvgs = 0;
MPAvg[1] = MidPoint(Price,Length);
MPAvg[2] = MidPoint(MPAvg[1],Length);
MPAvg[3] = MidPoint(MPAvg[2],Length);
MPAvg[4] = MidPoint(MPAvg[3],Length);
MPAvg[5] = MidPoint(MPAvg[4],Length);
MPAvg[6] = MidPoint(MPAvg[5],Length);
MPAvg[7] = MidPoint(MPAvg[6],Length);
MPAvg[8] = MidPoint(MPAvg[7],Length);
MPAvg[9] = MidPoint(MPAvg[8],Length);
MPAvg[10] = MidPoint(MPAvg[9],Length);
HiPrice = Highest(Price,Level);
LoPrice = Lowest(Price,Level);
For value1 = 1 to Level begin
AvgAvgs = AvgAvgs + MPAvg[value1];
End;
AvgVal = AvgAvgs/Level;
IF HiPrice - LoPrice <> 0 Then
FearPobcOsc = 100*((Close - AvgVal) / (HiPrice - LoPrice));
Indicator Name: Point of Balance Close
Inputs: Price(close),Len(12), Level(10);
Vars: PosNeg(0);
If CurrentBar > Len*Level Then Begin
PosNeg = FearPobcOsc(Price,Len,Level);
If PosNeg > 0 Then
Plot1(PosNeg,"FearOsc")
Else
Plot2(PosNeg,"FearOsc");
End;
--Walter Downs, Internet: http://cistrader.com
E-mail: knight@xxxxxxxxxxxx
*********** REPLY SEPARATOR ***********
On 10/7/98, at 10:11 AM, Jack Higgins wrote:
>There was an article in the August issue of TASC about an indicator based on the psychological emotions of fear and greed in trading. I have always been intrigued with the possibilities of a technical indicator geared to these kind of emotions in a market. Has anyone traded with this particular indicator and what kind of results have you achieved?
>
>If you would like, you may respond privately to me at JFH37@xxxxxxxxxxxxxxxx
>
>Thanks,
>Jack
>
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> charsetRso-8859-1"
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><BODY bgColor=#ffffff>
><DIV><FONT color=#000000 size=2>There was an article in the August issue of TASC
>about an indicator based on the psychological emotions of fear and greed
>in trading. I have always been intrigued with the possibilities of a technical
>indicator geared to these kind of emotions in a market. Has anyone traded with
>this particular indicator and what kind of results have you
>achieved?</FONT></DIV>
><DIV><FONT color=#000000 size=2></FONT> </DIV>
><DIV><FONT color=#000000 size=2>If you would like, you may respond privately to
>me at <A
>href="mailto:JFH37@xxxxxxxxxxxxxxxx";>JFH37@xxxxxxxxxxxxxxxx</A></FONT></DIV>
><DIV><FONT color=#000000 size=2></FONT> </DIV>
><DIV><FONT color=#000000 size=2>Thanks,</FONT></DIV>
><DIV><FONT color=#000000 size=2>Jack</FONT></DIV></BODY></HTML>
>
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