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Re: P&F Indicator



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Hello Mr. Russell,
Below you will find part of a recent post from Mr. A.J. Maas,
who answers your questions.

 Best wishes,
               Adam Hefner.
 e-mail:  VonHef@xxxxxxxxxx

_____________________
-----Original Message-----

Since a few Users overhere and you on the List brought the subject up again,
and
as I have sort of "found my way" within the program, tho mind you how
much time(!!!!!) I had to spend on it to get this far(and that NEVER AGAIN)
have started to do a few variaties as in how to Open a chart(smart,layout
etc.).
As that didn't help, then in how else to try to get to have charts showing
P&F proper.

First applying the P&F option, here the charts used to come up like Renko's
or the
other never used types. With the entire baseperiod loaded, for some reason
the
program only wanted to display the last 8-10 years or so. This I still have
to manualy
correct with each Chart(X-scale) and why is beyond my knowladge. However,
this
odd behaviour does not apply for the here standard used Barcharts-type.
This had me puzzled for over a long time now and I finaly found the answer
to it.
(note in this, that in the "Tools|Options|Chart Options" menu, the
'P&F boxes Stay Square' was never 'on' , eg applied, as most of the time
then only
blanc screens were presented when applied!).

Now, if you right click the Price indicator for the Properties quick menu,
then apply
the indicator to be for the P&F. After "OK" I sometimes got the program to
crash or
to display cripled mutulated charts or -like mentioned above- showing up big
black
or white then to be 'useless' bars.
Now by changing the P&F "Parameters", on the second TAB behind the colors
TAB,
in this changing the parameter for the Box Size from the here somehow always
by the
program 'automaticaly'(but not MS standard) used  2.1160-2.5 range into 3.5
or 4.5
would display what ought to be displayed: a Point & Figure chart.

Noticed from this TAB as well that MS is darn well capable to use a High-Low
range
in the Price Filed for an indicators Price Base and as such cannot
understand why
this High-Low range option is "never" given as an option in the other
build-in indicators'
Parameters TABs.
The Raff Floating Regression Channels as such, when this option was given to
user,
would then stop drifting away from the right mean.(see the previous mails on
the Raff FRCs subject).




From: Ronald J. Russell, Jr. <ronrussell@xxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, November 04, 1998 10:01 PM
Subject: Re: P&F Indicator


>I am a new subscriber to this list.  Over the past several days I have
>seen several messages that seem to indicate that some of you have made
>significant progress in getting MetaStock P&F charts to work properly.
>If this is true, could someone please provied a synopsis of what is
>involved?  I have never had any luck with them in MS.
>Thanks,
>Ron
>
>Von Hef wrote:
>>
>> Hello Frans,
>>  Thanks for the tip. This formula works pretty good for suggesting
>> "box sizes".
>>
>>  Best wishes,
>>                Adam Hefner.
>>  e-mail:  VonHef@xxxxxxxxxx
>>
>> _____________________
>> -----Original Message-----
>> From: derksenf <derksenf@xxxxxxxxxxxxxx>
>> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>> Date: Thursday, October 29, 1998 3:38 PM
>> Subject: Re: P&F Indicator
>>
>> >Hello Adam,
>> >
>> >
>> >Regarding the box-size here's a little formula that I learned from Chuck
Le
>> >Beau:
>> >
>> >Mov(H,10,S) - Mov(L,10,S) divide the outcome by 2.
>> >
>> >Hope this helps a bit
>> >
>> >Regards and good luck with developing the new indicator.
>> >
>> >
>> >Frans
>> >
>> >
>> >At 16:47 28-10-98 -0600, you wrote:
>> >>  Dont use the indicator I posted this week, I have discovered an
>> >>error in my definition of a reversal.... will post a new one after
further
>> >>testing.
>> >>
>> >> Best wishes,
>> >>               Adam Hefner.
>> >> e-mail:  VonHef@xxxxxxxxxx
>> >>
>> >>_____________________
>> >>
>> >>
>> >>
>> >
>> >