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<DIV><FONT size=2>Here is code for a very good dynamic Support/Resistance line
from the<BR>Winmidas program, adjustable as to starting point.<BR>This code is
in Metastock but WOW
available.<BR><BR>cum(if(cum(1)<"days",0,mp0*v))/<BR>cum(if(cum(1)=1,1,if(cum(1)<
"days",0,v)))<BR><BR>the mp0 is the Mean Price Function, previously written
as<BR> .5*(H+L)<BR>I find Easy Language
impossible to understand and would appreciate it if<BR>someone could covert this
code to an .ELA to suit SC4.0, and of course TS,<BR>and we could all use
it.<BR><BR>thanks in advance keith<BR><BR><BR><BR></DIV></FONT>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Adam Hefner
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:bobrabcd@xxxxxxxxxxxxx"; title=bobrabcd@xxxxxxxxxxxxx>ROBERT
ROESKE</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, November 04, 1999 5:53
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Midas Info.</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>Hello Robert Roeske,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2> I have noticed your post on this
subject the last day or so. This looks interesting! Do you have a way to
print</FONT></DIV>
<DIV><FONT face=Arial size=2>your TradeStaion code in a text format? I have no
viewer for TradeStation code, but would like to see the logic</FONT></DIV>
<DIV><FONT face=Arial size=2>of the code and convert it to MetaStock. If not,
I thank you anyway.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2> Adam Hefner</FONT></DIV>
<DIV><FONT face=Arial size=2> </FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Nov 04 07:21:02 1999
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From: "Stan Book" <sbook@xxxxxxxxxxxxx>
To: "Earl Adamy" <eadamy@xxxxxxxxxx>, <realtraders@xxxxxxxxxxxx>
Subject: RE: A/D Line and history
Date: Thu, 4 Nov 1999 07:03:54 -0700
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Excellent post, Earl.
Shorter term oscillators can be useful for trading and longer term
oscillators are useful for investing.
Try comparing the same oscillator applied to price, A/D line and U/D volume
line at pivots.
-Stan
> -----Original Message-----
> From: owner-realtraders@xxxxxxxxxxxx
> [mailto:owner-realtraders@xxxxxxxxxxxx]On Behalf Of Earl Adamy
> Sent: Wednesday, November 03, 1999 6:35 AM
> To: realtraders@xxxxxxxxxxxx
> Subject: Re: A/D Line and history
>
>
> The A/D line is abused and misused by bulls and bears alike. The
> A/D line is
> simply not intended or suitable for comparison over the entire
> history of a
> market, this is where A/D oscillators, such as the McClellan Oscillator,
> should be used. The A/D line itself is suitable for use in comparison with
> major price swings and the objective is to see if the breadth of
> the market
> indicates a healthy move or a selective move - this applies to
> both bull and
> bear markets. Generally, poor breadth in a declining market indicates the
> market is gaining health (a smaller percentage of the patients
> are sick) and
> poor breadth in a rallying market indicates the market is losing health (a
> high percentage of the patients are sick). When there is an epidemic,
> betting on the last few survivors, may be entertaining for the
> gamblers, but
> is probably not the wisest investment. Likewise, when the patients are all
> gaining health, betting on funerals for everyone is a suckers bet.
>
> I don't make much use of the A/D line, preferring oscillators, however the
> A/D line did tell us for over a year from the 98 highs, that the
> market was
> not healthy and the vast majority of stocks, excepting a few
> favorites, have
> declined 20%-40%. We now have a series of lower lows in place in the major
> averages and a strong rally is underway. It is time to reset the A/D line
> and see how it performs as prices move higher. My breadth oscillators are
> currently booming on all cylinders and seasonally is quite favorable. Only
> the interest rate picture remains unfavorable and Zweig's work very well
> details the high correlation of equity markets with interest rates.
>
> Finally, I also end with a quote from the days of yore: "those who fail to
> learn from history are destined to repeat it". History tells that the
> terminus of bull markets generally sees the favorite stocks suddenly swoon
> with relatively little advance warning on the tape - one day the
> buying just
> stops and the selling begins. This is of little or no consequence to the
> trader, however it is of major consequence to investors. I think the
> attached (log scale) chart states the case far more eloquently
> than words. I
> will note that the initial 40% decline took place in only 6 weeks
> in an age
> which lacked the accoutrements of modern computing and communications.
>
> Earl (who prefers to invest in inexpensive assets and trade
> whatever offers
> opportunity)
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