|
The Stochastics oscilator-indicator has
nothing to do with Stochastic or the word Stochastic that is used in all types
of things and industries etc.
And Stochastic should not be confused with
stochastics oscilators-indicators used in technical analysis. It is unique
to technical analysis.
The indicator was made and being used a
little. But it was not named stochastics at that time. Someone
supposedly made up that name after reading the name on some label on
something. Lane was said to be the one who smoothed it and used mainly the
%D for trading.
Lane started working for a company that
taught Elliot Wave, Gann, and other types of trading. I believe the
company was started by a Ralph Dystant or something similar.
He called the teaching company Investment
Educators.
I believe Lane took controll of the
company before Ralphs death.
The indicator that is now known as
Stochastics was not used very much untill another trader that took courses at
Investment Educators learned it and talked to someone at computer trac.
And it has been well known ever since. I believe it was called %D back
then.
You can probably do a search for the
names:
Ralph Dystant
Rick Redmont
Tim Slater
And more than you what to read or
know.
The line everyone likes and dreams about is
what George Lane often said.
I was a gopher when I first went to
Investmant Educators to work and now I own Investment Educators.
----- Original Message -----
Sent: Tuesday, December 23, 2008 9:33
AM
Subject: Re: [amibroker] Re:
COPYRIGHT
Stochastics is basically a mathematical differential equation used
in all kinds of industries to do all kinds of things. It is not unique
to the TA in the stock market analysis.
If Lane bought him out, that was the ethical thing to do. But I
always see everyone saying George C Lane is the originator of the stochastsics
used for TA of stocks rather than he worked for someone and bought him
out. That could be true, I just don't see any reference to that when I
Google him.
But what do I know.
Judith
From: MAVIRK
<mvirk67@xxxxxxxxx>
To:
amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, December 23, 2008 12:13:15
AM
Subject: Re: [amibroker]
Re: COPYRIGHT
And the problem keeps on getting compounded  .
Sent: Tuesday, December 23, 2008 5:17 AM
Subject: Re: [amibroker] Re: COPYRIGHT
And of course Lane didn't come up with
Stochastics. It was the man Lane was working for and Lane later bought
him out.
Lane I believe though was the one who smoothed
the stochastics.
----- Original Message -----
Sent: Sunday, December 21, 2008 11:42
PM
Subject: Re: [amibroker] Re:
COPYRIGHT
Can one use Stoch's with Mr. Lanes' Sefault
Setting?
Sent: Monday, December 22, 2008 6:48 AM
Subject: [amibroker] Re: COPYRIGHT
No, that is not correct. If someone publishes a formula and you
optimize it and come up with different periods or apply it in a
different way that is your work.
Let me use an example to show
the subtlety of this. Every car has an
engine and transmission. Every
different variation has a different
patent. There may be only a small
variation but you would not have to
pry royalties on the new variation.
You can do two things, publish it
or patent it. Once you do either then
the work you did is in the
public domain and no one else can patent your
work.
Barry
--- In amibroker@xxxxxxxxx ps.com,
Michel Guibert <michelg14@x ..>
wrote:
>
>
> If
I follow all the copyright , I can't do anything , everybody has
done
everything before me.
> Many formulas were published in many books or
review and you think
there is copyright on them ???
> Personnaly
when they are published in a review I consider them in
the public
domain.
>
> MG
>
>
>
> To:
amibroker@xx .: ohneclue@xxx : Sun, 21 Dec 2008 12:05:28 -
0800Subject:
Re: [amibroker] Re: COPYRIGHT
>
>
>
>
>
> Whenever you write something, you own the copyright to it such --
even these posts are the IP of the individual poster and they own the
copyright to the contents. Yahoo does not own it, the group owner
does not own it and in the Yahoo TOS, this is so stated.
>
> In another group that suffers from overt estrogen overloaded, 1
person wrote a guide, lifted whole posts of other members and put
them in her guide (without credit or permission) that she sold and
was called on it. The person who was charging for the information
had to refund money and revise her guide to be strictly and
exclusively her own words. That is an example of copyright
violation.
>
> I use and quote George C Lane and his
application of the stochastic
formula all the time and it is NOT a
violation of copyright because
the settings are mine that I have played
around with, I give credit
where I have learned something from someone
else such as David
Elliott about stochastics settings, etc., and don't
lift entire
paragraphs or words in the same series as their works. These
are not
copyright violations. These come under the fair and free use
concept.
>
> If I am discussing something from a trading book
or manual that is
copyrighted and put it into my own words even though
it is not my
original idea, that is not a violation of copyright.
>
> If I write a book or prepare a PP presentation and pass
the work
off as my own when it is based on someone else's work and the
charts
are THEIRS I lifted entirely, word for word or exactly the same
indicator settings, other than my own stochastic settings I've
developed, and sell it, that is a violation of copyright.
>
> The two elements are: passing stuff off as your own when you
copied it from someone else and selling it as your own idea.
>
> Judith
>
>
>
> From: Barry Scarborough
<razzbarry@x ..>To: amibroker@xx .: Friday,
December 19, 2008
10:32:28 PMSubject: [amibroker] Re: COPYRIGHT
>
> No. It
appears there is a lot of confusion on copyright laws. A
good discussion
is at http://en.wikipedia .org/wiki/ Copyrights. OF
course
this isn't official but it is an easier read than the law
books. People
like Wilder published his works so others could benefit
from his
discoveries. What the copyright laws do is prevent someone
from copying
his work and selling it. But the intellectual property
he disclosed is
for our use. Why else would he publish it?Barry--- In
amibroker@xxxxxxxxx ps.com,
"binjobingo" <binjobingo@ ...> wrote:>>
Does referring to
Wilder's Relative strength Indicator,or Lane's>
Stochastics, or
Chande's Vidya & so on lead to copyright violation?>
> Say one
reads An Author's book & am not able to write AFL for the>
Indicators & so ask the forum members to write it for me Is it>
copyright violation?> > If one give a link to the Website say some
other website which> explains the parameters & use of the
said "indicator" but the website> may not be owned by the Author
himself does it lead to copyright> violation ?> > If it is so I
think
all the forums would close down & nobody would> discuss
their trading
strategy since trading strategies use some> Indicator
by some author.>
>
>
>
>
>
>
> ____________ _________ _________ _________ _________ _________
_
> Drag n' drop—Get easy photo sharing with Windows Live™
Photos.
> http://www.microsof t.com/windows/ windowslive/
photos.aspx
>
__._,_.___
**** IMPORTANT ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
*********************
TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
*********************
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
*********************************
![]()
__,_._,___
|