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Re: [Metastockusers] Finding threshold value for an indicator



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In MS 8 you can exit on the same bar of the entry.

Pierre

anthony chia a écrit:

> Pierre,
>  
> On inspection on the chart, any trade  entered is exited only the next 
> day, not on the same day.  If exit is on the same day, then the 
> nunmber of trades should equal number of days RSI(14)>70.
>  
> Any suggestion?
>  
> Anthony
>
> Pierre Tremblay <pt2000@xxxxxxxxxxxxxxxx> wrote:
>
>     Anthony,
>
>     These instructions are for MS8.
>
>     But the formula was for MS7 :
>
>         RSI(14)>70
>
>
>         You have to use an Inactivity STOP for 0 periods with a large
>     number.
>
>         At OPTIONS in the system tester,  you should enter 0 as delay.
>
>     I don't know if it will work in MS7.
>
>     Pierre
>
>
>     anthony chia a écrit:
>
>     > Pierre,
>     > 
>     > The part below is "strange part":
>     > 
>     > >     In the simulation, at SYSTEM TESTING OPTIONS, you click on
>     MORE
>     > >     and on
>     > >     the TRADE EXECUTION FOLDER, you uncheck REALISTIC MARKET
>     PRICES and
>     > >     enter DELAY BARS OPENING : 0.
>     >
>     > My version is below 8.
>     > 
>     > Anthony Chia
>     > 
>     >
>     > Pierre Tremblay <pt2000@xxxxxxxxxxxxxxxx> wrote:
>     >
>     >     Anthony,
>     >
>     >     For version 8, it's  :
>     >     RSI(C,14) > 70
>     >
>     >     Sorry,
>     >
>     >     Pierre
>     >
>     >     anthony chia a écrit:
>     >
>     >     > Pierre,
>     >     >
>     >     > More than 1 month late, but what version of metastock are
>     u using?
>     >     >
>     >     > Anthony Chia
>     >     >
>     >     > Pierre Tremblay <pt2000@xxxxxxxxxxxxxxxx> wrote:
>     >     >
>     >     >     Daniele,
>     >     >
>     >     >     You can use the System Tester to find that :
>     >     >
>     >     >     In BUY ORDER :
>     >     >
>     >     >     RSI(14)>70
>     >     >
>     >     >
>     >     >     You use an Inactivity STOP :
>     >     >     Inactivity minimum change :  Positions : LONG
>     >     >     METHOD : POINTS
>     >     >     Parameters :  Minimum change : 999
>     >     >     Periods :   0
>     >     >
>     >     >     In the simulation, at SYSTEM TESTING OPTIONS, you
>     click on MORE
>     >     >     and on
>     >     >     the TRADE EXECUTION FOLDER, you uncheck REALISTIC MARKET
>     >     PRICES and
>     >     >     enter DELAY BARS OPENING : 0.
>     >     >
>     >     >     You complete the simulation and the number of trades
>     is the
>     >     number of
>     >     >     days where RSI(14) > 70.
>     >     >
>     >     >     Pierre
>     >     >
>     >     >
>     >     >
>     >     >     Daniele Bevilacqua a écrit:
>     >     >
>     >     >     > Hi,
>     >     >     >
>     >     >     > in order to decide which threshold to use to validate an
>     >     >     indicator, so
>     >     >     > far I have been eyeballing them on charts of a lengthy
>     >     period of
>     >     >     time
>     >     >     > and drawn very empirical (to say the least)
>     conclusions. I am
>     >     >     > wondering if there is a better way to do this -
>     there must
>     >     be, I
>     >     >     assume...
>     >     >     >
>     >     >     > What I would like to do, is find the percentage of time
>     >     that the
>     >     >     > indicator in question has been above (or below) a
>     certain
>     >     value
>     >     >     for a
>     >     >     > specific security, eg since Jan 00 the RSI of YYY, Inc.
>     >     has been
>     >     >     above
>     >     >     > 70 only 3.5% of the time.
>     >     >     >
>     >     >     > Even better, what is the value below which fall 95%
>     (or 90%
>     >     >     etc.) of
>     >     >     > the observations of the indicator in the time frame
>     specified.
>     >     >     >
>     >     >     > Any suggestions?
>     >     >     >
>     >     >     > many thanks in advance
>     >     >     >
>     >     >     > Daniele
>     >     >     >
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