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There are several ways to make an indicator more responsive to
market action, but you have to use variables to make that
statement,not an input value
--- In Metastockusers@xxxxxxxxxxxxxxx, "Robin Hood" <robinhood@xxxx>
wrote:
> "Henry"... ops sorry :-)
>
>
> ----- Original Message -----
> From: Robin Hood
> To: Metastockusers@xxxxxxxxxxxxxxx
> Sent: Tuesday, December 09, 2003 9:39 PM
> Subject: Re: [Metastockusers] Re: Custom Indicator and variable
input
>
>
> Very kind, Hendy. Thanks :-)
>
> It seems a useful formula but, if I understand it correctly, we
cannot launch an indicator. We have to write the number of periods
we've found in the main indicator (so it's impossible to see
it "auto-adaptive"). However it's an interesting way even if not
direct.
>
> rob.
>
>
>
>
> Tushar Chande uses this method to filter out spikes in his cmo
>
> momu:=If(C>Ref(C,-1),C-Ref(C,-1),0);
> momd:=If(C<Ref(C,-1),Ref(C,-1)-C,0);
> A1:=Stdev(momu,100);
> A2:=Stdev(momd,100);
> Mup:=If(C-Ref(C,-1)>A1,C-Ref(C,-1),A1);
> Mdn:=If(Ref(C,-1)-C>A2,Ref(C,-1)-C,A2);
> Per1:=Input("Length of CMO",5,100,13);
> Pk:=100*((Sum(Mup,Per1)-Sum(Mdn,Per1))
> /(Sum(Mup,Per1)+Sum(Mdn,Per1)));
> Pk;
>
>
>
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