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For trends I find that a modification of
the Omega Linear Regression Line
indicator to be useful.
My modification is attached and the inputs
are:
inputs: Length(
30), { Number bars to compute LinearRegression
fit } EndDate( 0), {
YYYMMDD - End date to anchor LR fit
}
{ If set to zero, will use last bar on chart
}
{ In realtime this will move as data arrives }
EndTime( 0), { hhmm - End time to anchor LR
fit 0=ignore time} Color(tool_blue), { Color for LR line
plots } ExtRight( True), { Set
true to extend lines to right of end date/t} ChanWide(
1), { Multiplier for StdDev compute of length }
SIZE(1); { Size
of lines to plot -- 0=smallest }
Typically (for daily bars) I use a length
of 30 and let the indicator
FLOAT (follow the last bar--no end date
set) until I think we have a
good trend because of the way the
trendlines behave. I normally set
the channel width to one (1) 'cause I want
to see some prices kick out
over the line as an early
warning.
Once a trend seems to be in place then I
freeze the channel by adding
another indicator with a FIXED DATE (end
date set to when I thought
trend was in place). Fixed are red
lines on Junk1.gif.
ALWAYS USE SAME LENGTH FOR FLOATING AND
FIXED CHANNEL. See Junk1.gif
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Dom
Perrino
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, July 02, 2001 00:15
Subject: Re: [RT] Trend
Don, A method I found simple
and useful for trend is to take an exponentialmoving average of the high
and an exponential moving average of the low ofthe entity you are
following.I use a green line for high m.a. and red linefor low m.a. Start
off with a 30 minute time bar with 30 bars total timeframe. This would be
equivalent to fifteen hours. Make adjustments to thebars according to your
own trading style. Once a bar closes above the m.a.of the high go long and
when a bar closes below the m.a. of the low go shortWhen making changes I
found it more accurate to change the 30 min. time barto say 15
min.(assuming one wants to make a change) rather than change thetotal bars
to 15. In short its better to reduce the time frame of the barsrather then
the total bars.This method is so flexible that it can beutilized for short
term trading as well as longer term trading. Try it.DomTradetech
Systems----- Original Message -----From: "DonThompson"
<detomps@xxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Monday, July 02, 2001 12:15
AMSubject: [RT] Trend> I have been watching the Adaptive
Stocastic Function code tag for a couple> of days now.> Kind of
salivating that I don't have the programing skills in ESPL, tocode>
it up in a day or two.> I used to have an adaptive moving average,
crossover method of determining> trend a couple of years ago, that
was> kind of based on standard deviation, or some derivitive of that,
(again on> another program)>> I was thinking this list
has never really done a good focus on TREND, alot> of attention is
focused on top and bottom> picking, and arguing about +- 2days
tolerance, yada yada yada.>> The seemingly attractive feature
about the Adaptive Stochastic, as BobRhas> said, the maintaining of
a +80 saturation in trend, as the lookback period> slowly
increases..>> What other trend definitions or methods are people
using out there thatthey> care to share, or even share a mind set
that seeks a trend for self> preservation.>> Or pivot
method and trend confirming.>> Don
Thompson>>>>> To unsubscribe from this
group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to <A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>>>To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
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To unsubscribe from this group, send an email to:
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Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
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