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No question that smart money was buying the last two days and was really
buying on Tuesday. Here is the rough code I came up with. Perhpas Clyde or
some other coding guru can make it honest and make it Kosher.
========================================================
{SMDM}
{Adapted from the book "Street Smarts" by Raschke and Connors.
Smart Money Index, DM = dumb money Buy/Sell in first half hour,
SM = smart money Buy/Sell in final hour, DM1 and DM2 set the
dumb money period, SM1 and SM2 set the smart money period
N=37 FOR 10 minute bars.
Coded by Bob Roeske bobrabcd@xxxxxxxxxxxxx 6/10/2001}
Inputs: DM1(0630),DM2(0700),SM1(1200),SM2(1300),N(37);
Vars: DM(0),SM(0),PSM(0),SMT(0);
If currentbar> maxbarsback+N then begin
If Time>=DM1 and Time <=DM2 then DM = (OpenD(0)-Close);
If Time>=DM1 and Time<=DM2 then begin
Plot1(DM,"DM");
end;
If Time=SM1 then SM=Close;
If Time>=SM1 and Time <=SM2 then PSM = Close-SM;
If Time>=SM1 and Time <=SM2 then begin
Plot2(PSM,"PSM");
end;
SMT = DM +PSM;
If time = sm2 then begin
Plot3(SMT,"SMT");
plot4(SMT,"SMT");
end;
end;
================================================================
{SMDM summation}
{Adapted from the book "Street Smarts" by Raschke and Connors
Smart Money Index, DM = dumb money Buy/Sell in first half hour, SM = smart
money
Buy/Sell in final hour, DM1 and DM2 set the dumb money period, SM1 and SM2
set
the smart money period. Adjust input N so that first day does not distort
the data.
Coded by Bob Roeske bobrabcd@xxxxxxxxxxxxx 6/10/2001}
Inputs:
DM1(0630),DM2(0700),SM1(1200),SM2(1300),N(37),LenS(10),LenM(50),LenL(200);
Vars: DM(0),SM(0),PSM(0),SMT(0),SMDMS(0),SmoothS(0),SmoothM(0),SmoothL(0);
If currentbar> maxbarsback+N then begin
If Time=DM2 then DM = (OpenD(0)-Close);
If Time=SM1 then SM=Close;
If Time=SM2 then PSM = Close-SM;
If Time=SM2 then
SMT = DM +PSM;
If Time=SM2 then
SMDMS = SMDMS[1]+SMT;
SmoothS = Average(SMDMS,LenS);
SmoothM = Average(SMDMS,LenM);
SmoothL = Average(SMDMS,LenL);
PLOT1(SMDMS,"SMDMS");
Plot2(SmoothS,"SmoothS");
Plot3(SmoothM,"SmoothM");
Plot4(SmoothL,"SmoothL");
end;
----- Original Message -----
From: "Prosper" <brente@xxxxxxxxxxxx>
To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, June 12, 2001 1:44 PM
Subject: [RT] RE: - Smart Money Dumb Money? Code help.
> I was looking at this SMI and I wanted to try it on some other securities.
> So far my coding effort hasn't gone too well. I think and is probably too
> simple. This is what I have so far.
>
> Cum(Iff(Time>620 and time<650, Cum(C-C[1])*-1, 0) + Iff(Time>1200 and
> time<1300, Cum(C-C[1]), 0))
>
> I guess that if you don't use the Cum to continuosly sum it you get the
end
> of day value.
>
> Can anyone give me some pointers?
>
> Prosper
>
>
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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>
>
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Attachment:
Description: "SMDM.GIF"
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