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Bob
At 01:56 PM 6/1/2003 -0700, you wrote:
>This warning should especially concern owners of Bronze and Silver
>versions, because they don’t have Composite Expert module, which partially
>compensates for mistakes in program’s core main window.
>
>There are several reasons for this message to be posted here. First of all
>it is market related and would be interesting for non Market Trader owners
>as well. Second, all my technical posts are taken either personally or
>from marketing point of view at MT forums and being erased. I was barked
>by Bill Foster and expelled from main MT forum, but that’s not my or other
>MT owner’s problem and should be corrected.
>
><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
>
>Before I was kicked from MT board I made posts about J.M.Hurst cycle filters.
>
>They are objective and indispensable in identifying cycle phase. I made a
>study in excel and now I can prove the case. They also can be used to
>rectify cycle length. Although cycle length should be known in advance,
>oscillator curve can show actual cycle length within a 25% of the length
>input. (You have to experiment with it to see how it works). Filter
>Construction is simple. Two half span back shifted MAs, where length of
>1st MA1=analyzed cycle length, length of second MA2=1/2 analyzed cycle
>length. Then oscillator= MA2-MA1.
>
>Attached file Dow Oscillator.csv contains final data output for
>Saturn/Uranus 360* cycle on Dow= 16569 calendar days. So MA1=16569,
>MA2=8284 periods. Note that DJI historical data was converted to calendar
>format, then converted to natural logarithm scale, then cycle filter was
>constructed. Oscillator shows culminations of Saturn/Uranus cycle, not the
>time of absolute high or low within that cycle. For that, other cycles
>have to be accounted in similar fashion and summed up in a composite wave.
>The point is that <?xml:namespace prefix = st1 ns =
>"urn:schemas-microsoft-com:office:smarttags" />Hurst oscillator is a great
>tool for doing such cycle work.
>
>Although I was dumped from MT group, idea of using Hurst for filtering
>astro cycles made its impact. But see how Sergey “solved” the problem and
>you will understand why I called programmers crooked. He made a post on MT
>site, see
><http://www.alphee.com/Case/Patch_8_May/some_notes.htm>http://www.alphee.com//Case/Patch_8_May/some_notes.htm
>
>
>
>He claims that relative oscillator constructed with his brand Symmetric
>moving average produces the same results as Hurst oscillator. That is
>outrageous lie. Formula is clearly different
>
>Also Symmetric MA isn’t meant for cycle work. They produce serious cycle
>distortions if one is subtracted from another. Those distortions start as
>noise and become greater on greater cycle lengths. I made a comparison
>study that clearly shows that. Blue line shows genuine Hurst cycle filter
>imported from excel. Red line shows Sergey’s Relative oscillator modeled
>by MT. See Oscillator Study.gif Both are constructed at Saturn/Uranus
>length of 16569 periods or days (45.36 years). You can see that Hurst
>oscillator (blue line) accurately identifies Saturn/Uranus cycle. Sergey’s
>relative oscillator (Red line) is pure garbage at such length, it even
>looks and feels glitchy.
>
>You can duplicate results in MT. Hurst Oscillator data is inserted in Open
>interest field. Open Dow Oscillator.csv in MT and mark Open Interest field
>to see the oscillator over price. Logarithm of Dow is inserted in Volume field.
>
>
>
>This example shows how company solves the problems and customer requests
>and how it deals with customer feedback.
>
>Generally programmers are well skilled in math and very proud about it ,
>but at the same time rather ignorant when it comes to market proportion.
>Often their ignorance is multiplied by their pride.
>
>Fortunately that wasn’t the case with J.M.Hurst. He built his work on
>principals of synchronicity and proportionality. He boldly proclaimed
>new philosophy of wave mathematics. He discovered essential ratios in the
>cycle structures that are well proven and work in various conditions.
>
>Nowadays we see mathematicians like Juric with his tweak on least square
>formula and Sergey with his Symmetrical are trying to beat J.M. But so far
>they fail in one way or another when it comes to filtering cycles. The
>question is: should those mathematical experiments to be made on the
>expense of users or in Sergey’s and Juric’s spare time?
>
>
>
>I am not saying my experience is totally negative with the program. It is
>rather overall positive, but at about 72%. Some modules are worse then
>others and if I talk about them it seems too bad, but overall it isn’t.
>
>Here is the break down of my satisfaction rating:
>
>
>
>Main window -50%
>
>No good oscillator-cycle filters. That’s a great fault for a cycle
>analysis program.
>
>Bronze and Silver owners are in big trouble. No good filter tools. Others
>just lack some tools.
>
>Relative oscillator turns in a piece of junk at length over 200. MACD has
>no variables. No conversion to logarithmic scale. Strategy has no weight
>optimization and no excel output.
>
>
>
>Statistical Expert -0%
>
>Wasn’t able to figure its practical use either because of lack of
>documentation or else. I understand the use procedure. Results are junk.
>
>
>
>Larries Expert – 50% I wanted to leave it out of equation. It’s ok, but it
>isn’t really a serious cycle tool as it is now. Average technical analysis
>program has something like that and better. Why is it called Larry’s?
>Because Larry is Alpee’s personal friend or something. Nothing special
>about it.
>
>I wish time ratios would be linked to a planetary table database and
>display all relevant planetary harmonics at specified orb or at least
>#days, hours, minutes in-between projections. That would turn it into
>powerful research tool.
>
>Otherwise it is a pathetic price calculator, no cigar for Larry.
>
>
>
>Composite Expert- 90%. I wish harmonics being expanded at least to 24H.
>That’s 15*.
>
>Doesn’t work on intraday data.
>
>Otherwise ingenious and most popular module.
>
>
>
>
>
>Black box-85%. Orbs are limited only to 90*. Lack of model editing tools.
>Very unfriendly interface. Does the job, but very hard to use, takes lots
>of time. Ask Abhay.
>
>
>
>Step and aspect analyzer -100%. It just does the job written on its label.
>
>
>
>Super Search – 80%. Long story.
>
>
>
>Graphic Ephemeris – 90%. Could add stock chart overlay to background and
>360* decimal output. Otherwise superb.
>
>
>
>Millennium – 95%. Integration works on chart, but not on meter scale.
>
>No black moon in transits, otherwise makes great addition to MT.
>
>
>
>That’s about it for today,
>
>
>
>
>
>Sergey asked me to write a positive review for MT site. I plan to do so.
>
>But I have to unload negative points somewhere too to make it realistic,
>not euphoric.
>
>I also tried to exchange positive reviews for program improvements. It
>doesn’t always work. So negative stuff is a stronger cure for that and
>being multiplied by public opinion – can’t be better. Democratic principal
>works.
>
>
>
>Thanks if you read to this point,
>
>Greg.
>
>
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