Re: Metastock plug-ins for Larry Williams

["Nick Channon" <nick.channon@xxxxxxxxxxxxx>]

Hi Sean, yes I agree it's a great book - I especially like the 
'oops' strategy for daytrading (can't remember if it was that book or another of 
Larry's.)
 
Unfortunately I don't have time to try to program indicators 
etc myself, so I'm always on the hunt for ready-made ones. In case it's useful, 
here's a formula (given me by a friend of mine) for the William's 
Trough:
 
Ref(WillR(14),-1) = Trough(1,WillR(14 ),2)AND Ref(WillR(14),-1) < 
Ref(WillR(14),-2) AND WillR(14) > Ref(WillR(14),-1)AND Ref(WillR(14),-1) 
< -90;
I haven't gotten around to trying it out yet so I can't vouch 
for it!
 
Cheers
Nick
 
<BLOCKQUOTE dir=ltr 
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  -----Original Message-----From: 
  Sean Taylor <<A 
  href="mailto:cloudnine@xxxxxxxxxxxx";>cloudnine@xxxxxxxxxxxx>To: 
  metastock@xxxxxxxxxxxxx 
  <<A 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx>Date: 
  Tuesday, 14 August, 2001 8:53Subject: RE: Metastock plug-ins 
  for Larry Williams
  <FONT face=Arial color=#0000ff 
  size=2>Nick,
  Have 
  you read 'Long Term secrets to Short term trading' ?  I think it's a 
  great book.
  I 
  want to look at implementing some of his TDW/TDM ideas via indicators. i.e.an 
  indicator that gives a weighting for each day of the week based on a 
  stocks historical record.
  <FONT face=Arial color=#0000ff 
  size=2> 
  His 
  patterns sound good as they are based on market psychology.  i.e. the 
  market thought price was heading this way but if it immediately reverses and 
  takes out price X then it will likely continue...
  <FONT face=Arial color=#0000ff 
  size=2> 
  He 
  also uses intermarket analysis to weight things in his favour.  
  Hence I'm looking at interest rates and bond prices to influence the 
  S&P.
  <FONT face=Arial color=#0000ff 
  size=2> 
  <FONT face=Arial color=#0000ff 
  size=2>Sean
  
    <FONT face=Tahoma 
    size=2>-----Original Message-----From: 
    owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On 
    Behalf Of Nick ChannonSent: Sunday, August 12, 2001 5:10 
    AMTo: metastock@xxxxxxxxxxxxxSubject: Metastock 
    plug-ins for Larry Williams
    Hi group,
     
    I wonder if anyone can tell me where to obtain Metastock 
    plug-ins related to the work of Larry Williams? Any pointers to 
    explorations, experts and indicators would be appreciated.
     
    Many thanks,
    Nick