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Bob, thanks for the SMDM.ela. The SMDM is working well, but the summation
is just showing as a constantly descending staircase. Is there a specific
Max bars to reference, or a certain starting point that must be used to get
this right?
John
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, December 26, 2001 5:11 AM
Subject: Re: [RT] RE: - Smart Money Dumb Money?
> Try formatting DM and PSM as points and SMT as a line. Personally, I
> haven't spent much time with this indicator. Looks like the smart money
has
> been selling lately. Attached are two indicators. One has the SMDM and
the
> other the SMDMsummation. The SMDM has had a minor plotting change from
the
> code posted back in June 2001. Code was adapted from a description of the
> Smart Money Index by Raschke and Connors in "Street Smarts". Since coding
> is not my forte....well you get the idea...caveates apply.
>
> bobr
>
> ----- Original Message -----
> From: "John Clemens" <jbclem@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, December 26, 2001 1:50 AM
> Subject: Re: [RT] RE: - Smart Money Dumb Money?
>
>
> > Hi Bob,
> >
> > I just came across this Smart Money Dumb Money index and I'm trying to
run
> > it, but after transfering it into TS4 I'm not getting much on the screen
> > except some pretty zig zagging colored lines. Can you give me an idea
> where
> > to start troubleshooting it. I'm using the default values for the
inputs.
> > I've tried it on 10 min and 60 min INDU charts, same result.
> >
> > John
> >
> >
> > ----- Original Message -----
> > From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, June 13, 2001 1:59 PM
> > Subject: Re: [RT] RE: - Smart Money Dumb Money?
> >
> >
> > > Clyde Lee is generously cleaning up the code. The maxbarsback + N is
> > > because I did not know about if Date<>Data[1] for the first day. If
> > > something isn't done with the first day's data it can skew the
indicator
> > by
> > > the price of the item being measured. The lower plot is the summation
> of
> > > the AM and PM defined time periods. The SMDM concept is definitely
> > > questionable from the system tests I made. It was profitable but not
> much
> > > better than two times a CD. Also the first half hour vs first hour
made
> a
> > > significant difference. StreetSmarts referred to the first and last
> hour.
> > > Once Clyde finishes the code you should be able to test various
> > > configurations of time.
> > >
> > > bobr
> > >
> > > ----- Original Message -----
> > > From: "Prosper" <brente@xxxxxxxxxxxx>
> > > To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Wednesday, June 13, 2001 2:33 PM
> > > Subject: [RT] RE: - Smart Money Dumb Money?
> > >
> > >
> > > > Bob et al,
> > > >
> > > > I've been thinking about this SM, DM for a bit, I do think that
smart
> > > money
> > > > is influential at the end of the session but there is a lot of day
> trade
> > > > covering going on as well. I figure that the dumb money happens when
a
> > > short
> > > > term pivot occurs against the trend especially after any new high or
> new
> > > > low. I actually tend to think that the initial burst of the session,
> is
> > > > floor traders taking advantage of the lag time that off floor
traders
> > are
> > > > faced with. By the time the off floor traders see some direction and
> > place
> > > > an order, they are just being filled in time for the price to head
off
> > in
> > > a
> > > > new direction. It amounts the same thing as far as timing is
> concerned.
> > > >
> > > > I have had a few computer problems, so I can't include a chart, but
> how
> > > > about summing just the end of the day session and not include the DM
> at
> > > the
> > > > open. Or maybe even better would be to sum the net price difference
of
> > > pull
> > > > backs against the prevailing trends for a better DM value.
> > > >
> > > > Also why is 37 used with the Maxbarsback setting for 10 min. charts?
> > > >
> > > > If I get some data reacumulated I will have a better idea about this
> > Smart
> > > > Money Index.
> > > >
> > > >
> > > >
> > > > Prosper
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >
> > > >
> > > >
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> > > >
> > > >
> > >
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> > >
> > >
> > >
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> > >
> > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
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