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Dear PRS,
Thanks for the lead. I do not want to re-invent the wheel. I will check it
out.
Sinceely,
John
> This sounds a lot like the methodology of the Commodex service. They
> calculate a daily index
> from -10 to +10 based on five criteria: 1) fast moving average; 2) slow
> moving average;
> 3) fast moving average above/below slow moving average; 4) volume; 5)
> open interest.
>
> The last 10 days' index are summed to give a trend value from -100 to
> +100.
> Trading rules
> are then created off the daily index and trend index.
>
> See www.commodex.com If you sign up for a free 5 day trial they will
> send you an explanation
> of the rules (but not the formulas). I have no affiliation, just tried
> the trial subscription and played
> around with it a little.
>
> Its an interesting system from a couple of points: 1) it uses open
> interest; 2) it uses volume,
> 3) it treats each contract month indivually rather than using continuous
> contracts; 4) it treats
> commodities and index futures the same.
>
>
>
>
>
>
>
> ----- Original Message -----
> From: <jvc689@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <Dom2000@xxxxxxxxxxx>
> Sent: Sunday, September 14, 2003 6:59 PM
> Subject: [RT] Trading Methodology
>
>
>> Dear Dom,
>>
>> Obviously a single day action does not necessarily indicate a trend.
>> What I am working on is developing a Daily Index ranging from + 100 to
>> - 100. + 100 would be strong long side accumulation and - 100 would be
>> strong downside distribution.
>>
>> I am hoping to then come up with an oscillator to assess the strength
>> of the Daily Index.
>>
>> I am in the early stages of it so I am not expecting miracles...yet.
>> It is a work in process.
>>
>> Just looking for feedback as to whether anyone has gone this route and
>> their results.
>>
>> Sincerely,
>>
>> John
>>
>> > Are they daily or averages? It's quite possible to get a reversal
>> reading one day then the continuation of a trend the next.
>> >
>> > Dominick
>> >
>> >
>> >
>> >
>> >
>> > --- In realtraders@xxxxxxxxxxxxxxx, <jvc689@xxxx> wrote:
>> >>
>> >> I am currently studying the following for commodity trading
>> validity:
>> >>
>> >> 1. Price up, Volume up, Open interest up: Continued uptrend based
>> > upon new
>> >> buying.
>> >>
>> >> 2. Price up, Volume down, Open interest down: Possible dip or
>> > reversal of
>> >> uptrend based upon liquidation of long positions.
>> >>
>> >> 3. Price down, Volume up, Open interest up: Continue downtrend
>> based
>> > upon
>> >> new selling.
>> >>
>> >> 4. Price down, Volume down, Open interest down: Possible rally or
>> > reversal
>> >> of downtrend based upon liquidation of short positions.
>> >>
>> >> Any feedback welcome since nuances of this work well with many
>> stocks I have ridden.
>> >>
>> >> Sincerely,
>> >>
>> >> John
>> >
>> >
>> >
>> > To unsubscribe from this group, send an email to:
>> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
>> >
>> >
>> >
>> > Your use of Yahoo! Groups is subject to
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>>
>>
>>
>>
>>
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>>
>>
>>
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>>
>>
>>
>
>
>
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