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Richard,
I've been playing with the indicator you posted. Hope you don't mind. I
like the signal locations on the good signals, but got too many false signals.
I decided to try a combination to filter out most of the false signals.
Finally decided on the normalized LinRegSlope (S/C). I normalized it by
dividing by the close price so values would be comparable for any price stock.
I then multiplied by 10000 to amplify the signal for easier viewing. I used
the standard S/C greater than zero and S/C rising for buy signals. Decided to
use S/C less than an optimized negative value for closing the position. Used
S/C less than optimized negative value and S/C falling for an open short
signal. S/C greaser than zero to close short. Formulas and test follow:
------------------------------------------------------------------------------
---------------------------------------------
MetaStock for Windows
Indicator Builder
S/C (LinRegSlope/Close)
10000*LinRegSlope(C,34)/C
MOMENTUM time
(HIGH - Mov(C,55,T)+(LOW - Mov(C,55,T)))/(HIGH - Mov(C,55,T)-(LOW -
Mov(C,55,T)))
MetaStock for Windows
System Tester
============================================================================
08_Momentum Time & S/C
SIGNAL FORMULAS
---------------
Enter Long:
Alert(Cross(Fml("Momentum Time"),0),13) AND
C > Mov(C,21,T) AND
Fml("S/C") > 0 AND
HHV(Fml("S/C"),5) = HHV(Fml("S/C"),13)
Close Long:
Fml("S/C") < opt1
Enter Short:
Alert(Cross(0,Fml("Momentum Time")),13) AND
C < Mov(C,21,T) AND
Fml("S/C") < opt1 AND
LLV(Fml("S/C"),5) = LLV(Fml("S/C"),13)
Close Short:
Fml("S/C") > 0
OPTIMIZATION VARIABLES
----------------------
OPT1:
Min = -55.00 Max = -13.00 Step = 21.00
STOPS ALL OFF
---------------------------------------------------------------------------
I'd appreciate all of you trying this MetaStock System Test and let me
know what you think.
Jim
-----Original Message-----
From: Richard Estes
Sent: Friday, May 23, 1997 12:20 PM
To: metastock-list@xxxxxxxxxxxxx; harald maisack
Subject: Re: Stochastics, rsi
Sounds good, how do they test using system test or compare against others?
Decided to bring out an indicator since I think that and the use of MSWIN
is what is of value here.
MOMENTUM time
(HIGH - Mov(C,55,T)+(LOW - Mov(C,55,T)))/(HIGH - Mov(C,55,T)-(LOW -
Mov(C,55,T)))
Buy:
Cross(Fml( "MOMENTUM time" ),0) and c>mov(c,21,t)
Sell:
Cross(0, Fml( "MOMENTUM time" ))
even put it in text, no promises.
Richard Estes
----
From: harald maisack <HMaisack@xxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx
Date: Friday, May 23, 1997 11:52 AM
Subject: Stochastics, rsi
To all,
since 9 months i am following the discussions about indicators and so on in
this
forum. Since 12 months i am using metastock.
My part of the discussionshould be this:
At the beginning of may 97 i am managing an real existing account. In this
time
there were 15 trades, 14 winning and one trade with a very small loss. The
return in this period was about 7,5% (not annualized). The indicators which
show
me the way are only the stochastics and/or the rsi. I am wondering about
the
high reliability.....but it is running.
Is there somebody with the same results .. I would like to discuss this.
If you like you can look at my homepage: http://www.maisack.com
Thanks
harald maisack (hmaisack@xxxxxxxxxxx)
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