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The SMDMsum should have a staircase and three simple moving averages of the
SMDMsum. The inputs are LenS, LenM, LenL. The staircase effect occurs
because the data being averaged only occurs once a day at SM2 time, but the
period on the chart is 10 minutes so the rest of the day has a constant
value. The staircase is what is important. I think I see an error in the
SMDMsum that effects the last day.
bob
----- Original Message -----
From: "John Clemens" <jbclem@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, December 27, 2001 4:47 PM
Subject: Re: [RT] RE: - Smart Money Dumb Money?
> 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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> >
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> >
>
>
>
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