|
PureBytes Links
Trading Reference Links
|
Ron referred to that as the Z score and was done in an excel spreadsheet
posted at the former w.realtraders.com site under traders secrets. If you
overlay the vix and the oex with the same code you come up with a revealing
timing picture. This is the missing link in Jim Yates work that DROEX
referred to a few days back. By putting the oex and vix into a standard
deviation picture frame and then take the spread of the two you have the
rubberband derivative. It is clearly on a sell at this point. Well, that
is if you consider a cycle length of 16 days as the current length, and
price still has to turn to agree with the derivative.
BobR
----- Original Message -----
From: <Candlestyk@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 23, 1999 4:14 AM
Subject: [realtraders] Gen: VIX {06}
> Hey Bob,
>
> Here is a VIX indicator for Metastock. It is derived from Ron's work a
few
> years ago.
>
> ((C-Mov(C,20,S))/Stdev(C,20))
>
> Insert it in a new window. Copy and paste OEX chart in the same window.
I
> use horizontal lines of -3, -2, -1, 0, 1, 2, 3 .
> After the indicator achieves +/- 1.5, watch for a reversal; of course best
> reversals are +/- 2 or greater. Reversal from one horizontal line to
another,
> or one full point, with a lower (higher) close on OEX is a signal. As
with
> any idicator there are whipsaws.
>
> Currently we have a reversal, but not a zone cross on the lines. OEX also
> has not reversed.
>
> RayF
>
>
>
Attachment Converted: "c:\eudora\attach\Zscore.gif"
|