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Thanks Roy,
I'll run it over my portfolio from now on and see what results follow.
Warm Regards,
Tony.
--- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
wrote:
> Hi Tony
>
> My mistake, first for not testing it as I should have, and second,
for setting the number of bars to
> 63 instead of 130 (3 months approximation instead of 6 months).
this appears to work OK. I can't
> think how I managed to turn 6 months into 3 months :-(
>
> Signal:=4*(Std(C,20))/Mov(C,20,S);
> Signal=LLV(Signal,130);
>
> Here's a test indicator you can create for checking the signal, the
lowest signal low for the past
> six months, and whether the signal is currently equal to that
lowest low (true or false). The
> look-back is not exact but you can fiddle the numbers to whatever
is most appropriate.
>
> {Test Indicator}
> Signal:=4*(Std(C,20))/Mov(C,20,S);
> Signal;
> LLV(Signal,130);
> Signal=LLV(Signal,130);
>
> My testing suggests you should get around a 2% hit rate. I got 6
current hits off the ASX S&P 300,
> and the same ratio when going back over two years of data.
>
> Kind regards
>
> Roy Larsen
> www.metastocktips.co.nz
> Free formulas and MS links
>
>
> > Hi Roy,
> >
> > Thanks once more for all your help so far. Yes you're right, I
> > should have been more accurate in my original post and will
remember
> > that in future. I have tried your revised code and am not sure
how
> > it's making its readings. The only security with a positive
result
> > in my universe of stocks was for Alumina (AWC) which is good as
one
> > would expect, as noted, a very small hit rate from such an
> > exploration. However when I open the chart for AWC with the
> > indicator on it and look back 6 months its current reading is not
the
> > lowest one during that period.
> >
> >
> > Warm Regards,
> >
> > Tony.
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
> > wrote:
> >> Hi GB
> >>
> >> You didn't mention filtering in your original post. Your
> > word "shows" is ambiguous so naturally I
> >> understood something different from what you intended. Try this
in
> > the filter. I would imagine that
> >> it would have a very small hit rate; maybe less than 1%?
> >>
> >> Signal:=4*(Std(C,20))/Mov(C,20,S);
> >> Signal=LLV(Signal,63);
> >>
> >>
> >> Kind regards
> >>
> >> Roy Larsen
> >> www.metastocktips.co.nz
> >> Free formulas and MS links
> >>
> >>
> >>
> >>
> >>
> >> ----- Original Message -----
> >> From: "bandwidthuser" <bandwidthuser@xxxx>
> >> To: <equismetastock@xxxxxxxxxxxxxxx>
> >> Sent: Wednesday, December 01, 2004 11:30 AM
> >> Subject: Re: [EquisMetaStock Group] Bollinger Bandwidth
> >>
> >>
> >> >
> >> >
> >> >
> >> >
> >> >
> >> > Hi Roy,
> >> >
> >> > Thanks for your reply. I placed the code provided into the
> >> > exploration filter but it did not seem to work (no securities
were
> >> > rejected). As mentioned what I'd really like is to be able to
> > find
> >> > filter on securities which are displaying their lowest BB
reading
> > for
> >> > the past 180 days.
> >> >
> >> >
> >> > Warm Regards,
> >> >
> >> > GB.
> >> >
> >> >
> >> >
> >> > --- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen"
<rlarsen@xxxx>
> >> > wrote:
> >> >> Hi GB
> >> >>
> >> >> Try this.
> >> >>
> >> >> Signal:=4*(Std(C,20))/Mov(C,20,S);
> >> >> LLV(Signal,63);
> >> >>
> >> >> Kind regards
> >> >>
> >> >> Roy Larsen
> >> >> www.metastocktips.co.nz
> >> >> Free formulas and MS links
> >> >>
> >> >>
> >> >> > How do you write an exploration which shows the lowest
> > Bollinger
> >> >> > Bandwidth Indicator "4*(std(C,20))/mov(C,20,S)" reading for
a
> >> >> > security for the past 6 months?
> >> >> >
> >> >> >
> >> >> > Reagards,
> >> >> >
> >> >> > GB.
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> > Yahoo! Groups Links
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> >
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