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I have added something to SwingMachine that should have been
done a long time ago but was not. As of this minute I don't
know whether I'll release it in the "freebie" version or not
but since the results of using it are so important I wanted
to share with you some early results.
What I did was this. On the closing bar on which a turn was
detected I computed the net point change from the previous
closing bar on which a turn was detected and calculated the
percentage of price that this represented. This was done in
the manner of a trade and you could have winners and losers.
The sum of this was then displayed on the final plot of the
SwingMachine results for whatever symbol you were studying and
for whatever decimation/compression rate was used.
The attached charts are for the 60 minute OEX symbol.
Look at the bottom of the charts and find the letters DSP=
Following these letters are three sets of numbers x/yyy/zzz.z
which represent:
x = decimation rate (i.e. 1,2,3,4,.....)
yyy = number of swings detected in this run
zzz.z= net profit or -=loss in PERCENTAGE of symbol price.
Examine the four charts attached and you should have no
difficulty in determining what decimation rate will work
best with the OEX-60 minute bars.
Given that information then what the most likely scenario
for tomorrow should be very clear.
Clyde Lee
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
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After joining list the freeware SwingMachine program
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