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Joe
You are correct it looks good. The parameters may
have to be tweaked.
I never thought of using the explorer. I have
mostly used MS manually. Thanx for the tip
Martin BlainBurlington Ontario
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Joe J.
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Tuesday, March 16, 2004 7:08
PM
Subject: RE: [Metastockusers] Re: Weekend
Analysis 07 Mar 04
<FONT face=Arial color=#0000ff
size=2>Martin,
<FONT face=Arial color=#0000ff
size=2>
When
you say "tweaking" do you mean changing the indicators so that it triggered
faster or are you finding fault within the formula itself? I believe the
formula is doing exactly what you had requested.
<FONT face=Arial color=#0000ff
size=2>
Once
you decide exactly what you are looking for, it should be very easy to write
an Explorer to scan for the set-ups.
<FONT face=Arial color=#0000ff
size=2>
By
the way, if you want to just run the Explorer to find stocks over their 50 day
ema and save the list this can be done as well.
<FONT face=Arial color=#0000ff
size=2>
Good
Trading,
<FONT face=Arial color=#0000ff
size=2>
Joe
J.
<FONT face=Tahoma
size=2>-----Original Message-----From: Martin Blain
[mailto:martin@xxxxxxxxxxxxxxx]Sent: Tuesday, March 16, 2004 4:57
PMTo: Metastockusers@xxxxxxxxxxxxxxxSubject: Re:
[Metastockusers] Re: Weekend Analysis 07 Mar 04
Joe
I can see from the initial results it
will need some tweaking because there should have been a trigger much
sooner at least on the SPY. Once I get this working I can fine tune it
to eliminate the bad signals and hopefully get some better ones. All without
"Black Hand" or curve fitting if at all possible. I might drop the RSI as
the CCI seems to be simply a "faster" indicator
<FONT face=Arial
size=2>
I will give this a shot but what I am trying to
do is scan through hundreds of stocks for this set up. Something I do now
but is very impractical and virtually impossible to do without an expert to
scan 2000 stocks every.
It would be nice to simply run a scan for
stocks over 50dma etc to eliminate some but it doesn't seem possible to copy
and paste only a portion of a scan.
Martin BlainBurlington Ontario
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Joe J.
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Tuesday, March 16, 2004 5:57
PM
Subject: RE: [Metastockusers] Re:
Weekend Analysis 07 Mar 04
<FONT face=Arial color=#0000ff
size=2>Martin,
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>I've taken what Preston suggested and built two indicators in the
custom indicator section as follows:
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>-----------------------------------------
<FONT face=Arial color=#0000ff
size=2>
<SPAN
class=215244122-16032004>{This
identifies the candle pattern on which to go long}
<FONT face=Arial color=#0000ff
size=2>CandLong:=If(Hammer() OR BullHaramiCross() OR LongLowerShadow() OR
RisingWindow()OR 3WhiteSoldiers() OR
EngulfingBull(),1,0);
<FONT face=Arial color=#0000ff
size=2>CandLong;
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>-----------------------------------------
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>{This identifies the setup that you are looking for when the
CandLong signal is generated}
<FONT face=Arial color=#0000ff
size=2>Setup:=If(CLOSE < Mov(C,20,E)ANDCLOSE >
Mov(C,70,E)ANDMov(C,20,E) >
Mov(C,50,E)ANDRSI(21)<50ANDCCI(7)<100,1,0);
<FONT face=Arial color=#0000ff
size=2>Setup;
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>---------------------------------------
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Plot these two indicators on your chart separately (you could do
them together but this seemed more useful). Plot them as
histograms. When they are both showing 1's, you have a valid long
signal. This seems to be working since I only have one entry signal
for the SPY (see chart attached) since about mid-2000.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>You can easily convert these into signals within the system tester,
the explorer or create an expert for it. As always, make sure
you are loading enough data to fuel the computations
accurately.
<FONT face=Arial color=#0000ff
size=2>Good Trading,
<FONT face=Arial color=#0000ff
size=2>Joe J.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Tahoma
size=2>-----Original Message-----From: Martin Blain
[mailto:martin@xxxxxxxxxxxxxxx]Sent: Tuesday, March 16, 2004
1:42 PMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
Re: [Metastockusers] Re: Weekend Analysis 07 Mar
04PrestonI have spent so much time on this
I think I have developed carpel tunnelsyndrome.I really am at a
loss. I know what I want to see and I fully believe that Iam on the
road to creating an expert that will buy the dips in an uptrend.I
faxed the basic structure to Metastock. For a 30 buck minimum they
willprovide a formula. In the mean time I will keep trying different
ideas asthey come up.Martin BlainBurlington
Ontario----- Original Message ----- From: "P Umrysh"
<pumrysh@xxxxxxxxx>To:
<Metastockusers@xxxxxxxxxxxxxxx>Sent: Tuesday, March 16, 2004
11:00 AMSubject: [Metastockusers] Re: Weekend Analysis 07 Mar
04> Martin,>> I tried your code and can see
where the bad signals occur. The best> way that I know to test
the code and correct the erroneous signals is> to create a binary
buy signal indicator and plot it on a chart.> Like
this:>> {BUY}> RSI(21)<50> AND>
CCI(7)<100> AND> C>Mov(c,70,e)> AND>
C<Mov(c,20,e)> AND> (Mov(C,20,E)
>Mov(C,50,E))> and> (Hammer() or BullHaramiCross() or
LongLowerShadow() OR RisingWindow()> OR 3WhiteSoldiers() OR
EngulfingBull())>> This will produce a 1 when the
condition is true. Next add the RSI> and CCI to the chart. Plot
your MA's on the price. Next open up the> binary and bracket out
{} the different sections one at a time. I> think the candles are
okay. I would focus on the timeframes. Just off> the top of my
head I see a short-term CCI with a intermediate-term> RSI. Hope
this helps.>>>
Preston>>>>> --- In
Metastockusers@xxxxxxxxxxxxxxx, "Martin Blain"
<martin@xxxx>> wrote:> > Dusant> > The
code seems to work well when it works. It just that it picks up>
the wrong signals sometimes. I realize I could just ignore bad>
signals. My biggest problem lies with the and(s) and or(s)> >
Martin Blain> > Burlington Ontario> >
----- Original Message ----- > > From:
Dusant> > To:
Metastockusers@xxxxxxxxxxxxxxx> > Sent: Tuesday,
March 16, 2004 6:53 AM> > Subject: Re:
[Metastockusers] Weekend Analysis 07 Mar 04> >>
>> > Martin,> >>
> Would love to test it out, but unfortunately, I cannot
do an> extensive. My website is taking more of my time. What I
can suggest> is that you create an expert, with signals, so that
you can scroll> thru a number of stocks in a very short while. It
will give you> a "gut feel" of the system.> >>
> Dusant> > Chief Architect>
> http//www.candlestrength.com/>
> ----- Original Message ----- >
> From: Martin Blain>
> To: Metastockusers@xxxxxxxxxxxxxxx>
> Sent: Monday, March 15, 2004 5:41
PM> > Subject: Re: [Metastockusers]
Weekend Analysis 07 Mar 04> >> >>
> Dusant> >
Could you help with a little code I am working on. Any help>
would be appreciated.> > I am trying
to say that the stock is below 20dma but above> 70dma. The 20dma
is above the 50dma. This last part doesn't seem to> work all the
time. Same for the Candlesticks. Sometimes I get false>
signals.> >> > BUY>
> RSI(21)<50 AND CCI(7)<100 AND
C>Mov(c,70,e) AND C<Mov(c,20,e)> AND (Mov(C,20,E)
>Mov(C,50,E)) and (Hammer() or BullHaramiCross()>
or LongLowerShadow() OR RisingWindow() OR
3WhiteSoldiers() OR> EngulfingBull())> >>
> SELL> >
C<Mov(c,75,e) AND C<Mov(c,50,e)> >> >>
> Martin Blain>
> Burlington Ontario>
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