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Highly second that, Udo!
One of AB´s greatest abilities is its versatility which mustn´t be confused
with the number of indicators being built in (or not).
AFL coding library et. al are AB´s strengths IMHO. Almost every day I
discover a new way how to do things in AB. And the "wasted" time of thinking how
to do things is usually to blame on my inability to take advantabe of
AFL rather than on AB´s shortcomings or missing functions
:-))
Let´s not steer in the "wrong" directioon, guys.
We should encourage TJ to build in features other programs/packages have
NOT!!! Indicators are desirable but in my view NOT what has AB made a rebel on
the T/A market!!!
Peace
Markus
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=Udo.Harke@xxxxxxxxxxx
href="">Udo.Harke@xxxxxxxxxxx
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Friday, April 25, 2003 1:44
PM
Subject: [amibroker] Questionable poll
results for amibroker should be discarded!
Hello Herman,
I completely agree to your statements:
Most indicators are worthless when used alone and not in conjunction with a
sophisticated trading system that is based on the advanced programming skills
- and experience - of a programmer/trader.
That opinion was also rendered in the
famous book of Robert Prado:
Design, Testing,
and Optimization of Trading Systems
Robert
Pardo
John Wiley &
Sons
ISBN:
0-471-55446-4
First of all, any new user should tackle
the - often very difficult and tedious - task to study the library of
functions and coding techniques provided by the AFL library.
However, that will take a lot of time... and most people simply want to press
a becoming-quickly-rich radio button :-) that is impossible to code in
reality!
Tomasz is well advised - also from a
marketing standpoint - to first pursue his very long list of
enhancements to AmiBroker that has been gathered for the past 2-3 years or so.
In this way, AmiBroker will definitely have a much higher likelihood to
compete to even the most advanced programs in technical analysis that are
currently on the software market!
Also, to all of you who think that your
"poll" should relevant from a statistical point of view, simply
calculate the arithmetic mean and its associated standard deviation of
your sample, but not that ones related to the parent
population, which is substantially larger, of course. Otherwise, to put it
simply and succinctly, a physician or chemist would never release a drug based
on such a small sample poll/test :-) and release the drug into the
pharmaceutics market!
All of you who participated into the
aforementioned poll should have a lot of fun in learning native
AFL code to better program your sophisticated and advanced indicators to
conceal them from the others.
Cheers,
W.-Udo Harke, Ph.D.
P.S.: I would never
allow a marketing group to release a new product based on such a small
sample poll!
<BLOCKQUOTE
>
-----Ursprüngliche Nachricht-----
<DIV
>Von:
Herman
vandenBergen
An: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Gesendet: Samstag, den 26. April 2003
01:55 Uhr
Betreff: RE: [amibroker] Poll results
for amibroker - README
Sorry folks, but this poll is pretty SCARY! In fact i am
wetting my pants!I would much prefer to have Tomasz concentrate on
overall versatility andafl enhancements in general, i.e. work on
FEATURES THAT YOU CANNOT FINDANYWHERE ELSE AND THAT WILL BENEFIT EACH
AND EVERY USER.Face it: almost all special indicators can be
implemented with a little bitof work around, some looping, some scripts,
or in the extreme case with aDLL. The DLL-list has considerable
expertise and some very helpful people.If you really think your
special indicator will make you a lot of money thenit is worth your
while to learn (remember the word?) a few new things.Perhaps even pay
(YES!) somebody to write a DLL for you. Also, if a specialindicator is
really that important to you then you could find some otherusers and
combine efforts to get the job done, perhaps even share the costof
hiring somebody for a few hours.To have TJ sweat on that many
individual indicators to have some user try itout and to find that it
after all doesn't do the job and to never look at itagain, is a waste of
time. Yes: I have been there and done it!Let us be honest: we want
those indicators to "try them out" not because we"know" that they are
going to make us rich. From the last 200 indicatorsthat you tried, how
many have made you rich? Obviously not too many...It islike looking for
the HG: there is NO single million dollar indicator.Any indicator
that has less than 20 (30?) votes should be ignored. Why?Because in an
equivalent amount of time TJ could implement general purposeAB
enhancements that would benefit each and every single user. Some of
theseenhancements (like the recent looping) would allow probably most of
theindicators to be implemented by users themselves.How many of
you have tried the new looping functions? How would you likesubroutines?
Pyramiding? etc. Some of these functions would benefit everysingle
user...OK, I will not vote for any indicator: I will vote for
general purposeenhancement (should have been an item on the
poll?).best regards,Herman-----Original
Message-----From: amibroker@xxxxxxxxxxxxxxx
[mailto:amibroker@xxxxxxxxxxxxxxx]Sent: April 25, 2003 12:40 AMTo:
amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] Poll results for
amibrokerThe following amibroker poll is now closed.
Here are thefinal results:POLL QUESTION: In Message 38070,
Tomasz suggested thatwe compose a list of the most desiredindicators
for dynamic parameters so hecan prioritize. PLEASE SELECT YOUR
TOP10 FROM THIS LIST. Note that I combinedseveral similar
indicators/functions tokeep the list at 25 which is the maximumfor a
poll. So a combined entry(BBANDBOT & BBANDTOP, for example)
onlycounts as one indicator for the purposesof this poll :-).
Poll closes in oneweek. Thanks for your input! MarkCHOICES
AND RESULTS- RWIHI & RWILO, 2 votes, 1.41%- SAR, 8 votes,
5.63%- STOCHK & STOCHD, 12 votes, 8.45%- TRIX, 3 votes,
2.11%- ULTIMATE, 2 votes, 1.41%- WILDERS, 3 votes, 2.11%- HOLD,
2 votes, 1.41%- LINEARREG, LINREGSLOPE, TSF, 16 votes, 11.27%-
STDERR & STDEV , 11 votes, 7.75%- ADX, 12 votes, 8.45%- ATR, 7
votes, 4.93%- BBANDBOT & BBANDTOP, 9 votes, 6.34%- CHAIKIN, 3
votes, 2.11%- MACD & SIGNAL, 10 votes, 7.04%- MDI & PDI, 10
votes, 7.04%- MFI, 4 votes, 2.82%- OSCP, 3 votes, 2.11%- OSCV, 1
votes, 0.70%- RSI & CCI, 10 votes, 7.04%- RMI, 1 votes,
0.70%- ROC, 12 votes, 8.45%- RWI, 1 votes, 0.70%For
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