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Bob: Comparing our charts(INDU 10min) the dots are approximately in the same positions, though I have 7 green ones vs your 6. My SMT(Cyan dot) is a .23 for Thurs, compared to your 2.69. My SMDMsum is at -500370.22 for most of the day and in the last 1/2 hr drops to -510460.59. And as I said previously, my SMDMsum, from the beginning of the data(60 days is the max I collect) on the left to the extreme right, today's data, is a constantly descending staircase with no variation, no up moves, no sideways moves, just everyday another step down. So there must be something wrong, but I don't have a clue as to what. I'm attaching the saved page(P334.pag) that should show you the staircase effect if you can put it into your Omega/TS folder. John ----- Original Message ----- From: "BobR" <bobrabcd@xxxxxxxxxxxxx> To: <realtraders@xxxxxxxxxxxxxxx> Sent: Thursday, December 27, 2001 5:48 PM Subject: Re: [RT] RE: - Smart Money Dumb Money? > After looking at the code again, it looks correct for the SMDMsum. > Wednesday's SMDMsum = 1371.23 and Thursday's SM+DM=-2.69(cyan dot=sum of red > +green at end of each time period) and combining those gives Thursday's > SMDMsum=1368.54. This is with 100 days of data. The amount of data will of > course affect the SMDMsum. A more sophisticated coder would use arrays and > store the values at the specific times and then do the math. Interpretation > for Thursday is the smart monied traders were buyers in the last hour but > the "dumb money" were a bit stronger in the first half hour creating a > net -2.69. If you want smoother averages in the code then change the simple > averages to Clyde's T3 average. > > bobr > > ----- Original Message ----- > From: "BobR" <bobrabcd@xxxxxxxxxxxxx> > To: <realtraders@xxxxxxxxxxxxxxx> > Sent: Thursday, December 27, 2001 5:11 PM > Subject: Re: [RT] RE: - Smart Money Dumb Money? > > > > The SMDMsum should have a staircase and three simple moving averages of > the > > SMDMsum. The inputs are LenS, LenM, LenL. The staircase effect occurs > > because the data being averaged only occurs once a day at SM2 time, but > the > > period on the chart is 10 minutes so the rest of the day has a constant > > value. The staircase is what is important. I think I see an error in the > > SMDMsum that effects the last day. > > > > bob > > > > ----- Original Message ----- > > From: "John Clemens" <jbclem@xxxxxxxxxxxxx> > > To: <realtraders@xxxxxxxxxxxxxxx> > > Sent: Thursday, December 27, 2001 4:47 PM > > Subject: Re: [RT] RE: - Smart Money Dumb Money? > > > > > > > Bob, thanks for the SMDM.ela. The SMDM is working well, but the > summation > > > is just showing as a constantly descending staircase. Is there a > specific > > > Max bars to reference, or a certain starting point that must be used to > > get > > > this right? > > > > > > John > > > > > > ----- Original Message ----- > > > From: "BobR" <bobrabcd@xxxxxxxxxxxxx> > > > To: <realtraders@xxxxxxxxxxxxxxx> > > > Sent: Wednesday, December 26, 2001 5:11 AM > > > Subject: Re: [RT] RE: - Smart Money Dumb Money? > > > > > > > > > > Try formatting DM and PSM as points and SMT as a line. Personally, I > > > > haven't spent much time with this indicator. Looks like the smart > money > > > has > > > > been selling lately. Attached are two indicators. One has the SMDM > and > > > the > > > > other the SMDMsummation. The SMDM has had a minor plotting change > from > > > the > > > > code posted back in June 2001. Code was adapted from a description of > > the > > > > Smart Money Index by Raschke and Connors in "Street Smarts". Since > > coding > > > > is not my forte....well you get the idea...caveates apply. > > > > > > > > bobr > > > > > > > > ----- Original Message ----- > > > > From: "John Clemens" <jbclem@xxxxxxxxxxxxx> > > > > To: <realtraders@xxxxxxxxxxxxxxx> > > > > Sent: Wednesday, December 26, 2001 1:50 AM > > > > Subject: Re: [RT] RE: - Smart Money Dumb Money? > > > > > > > > > > > > > Hi Bob, > > > > > > > > > > I just came across this Smart Money Dumb Money index and I'm trying > to > > > run > > > > > it, but after transfering it into TS4 I'm not getting much on the > > screen > > > > > except some pretty zig zagging colored lines. Can you give me an > idea > > > > where > > > > > to start troubleshooting it. I'm using the default values for the > > > inputs. > > > > > I've tried it on 10 min and 60 min INDU charts, same result. > > > > > > > > > > John > > > > > > > > > > > > > > > ----- Original Message ----- > > > > > From: "BobR" <bobrabcd@xxxxxxxxxxxxx> > > > > > To: <realtraders@xxxxxxxxxxxxxxx> > > > > > Sent: Wednesday, June 13, 2001 1:59 PM > > > > > Subject: Re: [RT] RE: - Smart Money Dumb Money? > > > > > > > > > > > > > > > > Clyde Lee is generously cleaning up the code. The maxbarsback + N > > is > > > > > > because I did not know about if Date<>Data[1] for the first day. > If > > > > > > something isn't done with the first day's data it can skew the > > > indicator > > > > > by > > > > > > the price of the item being measured. The lower plot is the > > summation > > > > of > > > > > > the AM and PM defined time periods. The SMDM concept is > definitely > > > > > > questionable from the system tests I made. It was profitable but > > not > > > > much > > > > > > better than two times a CD. Also the first half hour vs first > hour > > > made > > > > a > > > > > > significant difference. StreetSmarts referred to the first and > last > > > > hour. > > > > > > Once Clyde finishes the code you should be able to test various > > > > > > configurations of time. > > > > > > > > > > > > bobr > > > > > > > > > > > > ----- Original Message ----- > > > > > > From: "Prosper" <brente@xxxxxxxxxxxx> > > > > > > To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx> > > > > > > Sent: Wednesday, June 13, 2001 2:33 PM > > > > > > Subject: [RT] RE: - Smart Money Dumb Money? > > > > > > > > > > > > > > > > > > > Bob et al, > > > > > > > > > > > > > > I've been thinking about this SM, DM for a bit, I do think that > > > smart > > > > > > money > > > > > > > is influential at the end of the session but there is a lot of > day > > > > trade > > > > > > > covering going on as well. I figure that the dumb money happens > > when > > > a > > > > > > short > > > > > > > term pivot occurs against the trend especially after any new > high > > or > > > > new > > > > > > > low. I actually tend to think that the initial burst of the > > session, > > > > is > > > > > > > floor traders taking advantage of the lag time that off floor > > > traders > > > > > are > > > > > > > faced with. By the time the off floor traders see some direction > > and > > > > > place > > > > > > > an order, they are just being filled in time for the price to > head > > > off > > > > > in > > > > > > a > > > > > > > new direction. It amounts the same thing as far as timing is > > > > concerned. > > > > > > > > > > > > > > I have had a few computer problems, so I can't include a chart, > > but > > > > how > > > > > > > about summing just the end of the day session and not include > the > > DM > > > > at > > > > > > the > > > > > > > open. Or maybe even better would be to sum the net price > > difference > > > of > > > > > > pull > > > > > > > backs against the prevailing trends for a better DM value. > > > > > > > > > > > > > > Also why is 37 used with the Maxbarsback setting for 10 min. > > charts? > > > > > > > > > > > > > > If I get some data reacumulated I will have a better idea about > > this > > > > > Smart > > > > > > > Money Index. > > > > > > > > > > > > > > > > > > > > > > > > > > > > Prosper > > > > > > > > > > > > > > > > > > > > > To unsubscribe from this group, send an email to: > > > > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx > > > > > > > > > > > > > > > > > > > > > > > > > > > > Your use of Yahoo! Groups is subject to > > > > > http://docs.yahoo.com/info/terms/ > > > > > > > > > > > > > > > > > > > > > > > > > > To unsubscribe from this group, send an email to: > > > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx > > > > > > > > > > > > > > > > > > > > > > > > Your use of Yahoo! Groups is subject to > > > > http://docs.yahoo.com/info/terms/ > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > To unsubscribe from this group, send an email to: > > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx > > > > > > > > > > > > > > > > > > > > Your use of Yahoo! Groups is subject to > > > http://docs.yahoo.com/info/terms/ > > > > > > > > > > > > > > > > > > To unsubscribe from this group, send an email to: > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx > > > > > > > > > > > > > > > > Your use of Yahoo! Groups is subject to > > http://docs.yahoo.com/info/terms/ > > > > > > > > > > > > > > > > > > > > To unsubscribe from this group, send an email to: > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx > > > > > > > > > > > > Your use of Yahoo! Groups is subject to > http://docs.yahoo.com/info/terms/ > > > > > > > > > > > > To unsubscribe from this group, send an email to: > > realtraders-unsubscribe@xxxxxxxxxxxxxxx > > > > > > > > Your use of Yahoo! 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Attachment:
bin00303.bin
Description: "P334.pag"