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alitis
Could you please send the MetaStock code for the ms 8's
breakout formula you said you were currently using.
Thanks
David
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
alitis
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: April 7, 2003 12:14 AM
Subject: Re: [EquisMetaStock Group] Help
with breakout exploration.
Could you please tell me in detail what this
formula is suppose to achieve not just a breakout. like HHV is
that
Higher higher Volume for example because i am
currently using ms 8's breakout formula.
Thanks David.
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>
----- Original Message -----
<DIV
>From:
DAVID H.
LINTON
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Sunday, April 06, 2003 2:01
AM
Subject: Re: [EquisMetaStock Group]
Help with breakout exploration.
Preston
1. I see exactly what you mean. On KO, you have to go back
to Mar 15, 01 to find this indicator working as a breakout tool. KO has been
in a solid downtrend since then.
2. So why does a breakout tool help identify sell points
in a downtrend? The answer is that it signals rallies and, in a downtrend,
short sell opportunities follow the rallies.
3. So, here is more of the scan code that, as a breakout
tool, ensures we are in at least a short term uptrend.
Mov(C,20,S)>Mov(C,40,S) AND C>Mov(C,40,S) ANDC
> Ref(HHV(C,10),-1) AND Ref(LLV(O,10),-1) > .95 *
Ref(HHV(C,10),-1) ANDRef(LLV(C,10),-1) > .95 *
Ref(HHV(O,10),-1)
4. As an indicator, this should do a better job of
pointing out breakouts that have a better chance of continuing up because
they are in an uptrend. False signals (sees) could be reduced by demanding a
longer term uptrend.
My thoughts
David
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
<A title=no_reply@xxxxxxxxxxxxxxx
href="">pumrysh
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: April 4, 2003 11:38 PM
Subject: Re: [EquisMetaStock Group]
Help with breakout exploration.
Forgot the indicatorC > Ref(HHV(C,10),-1)
AND Ref(LLV(O,10),-1) > .95 * Ref(HHV(C,10),-1)
ANDRef(LLV(C,10),-1) > .95 * Ref(HHV(O,10),-1)--- In <A
href="">equismetastock@xxxxxxxxxxxxxxx,
pumrysh <no_reply@x...>
wrote:> David,> > In order to save time I often use a
formula as an indicator. The > signal is +1 when the condition is
met. In your case that is exactly > what I did. When I placed
the indicator on a coca-cola chart I had a > number of great
sell opps. Keep in mind that the conditions of your > test and mine
were different as they should be. Some systems work > better on
different types of stocks than others...that's not > uncommon. The
beauty of being able to test ahead of time is knowing > which
system is likely to work the best.> > A technical analysis
should always be aware of varying market > conditions.>
> Preston> > > --- In
equismetastock@xxxxxxxxxxxxxxx, "DAVID H. LINTON" >
<dhlinton@xxxx> wrote:> > pumrysh> > Can you
tell me in some detail what you did. > > This is a MetaStock
exploration. As with all explorations, it is > intended to scan a
universe of stocks.> > If you copied it into a new exploration
and ran it on COKE and/or > KO, you would get a result only if the
stock was breaking out. It can > not identify selling
opportunities.> > Did you perhaps convert it into an indicator.
If so, please post > the code you used.> > David>
> ----- Original Message ----- > >
From: pumrysh > > To: equismetastock@xxxxxxxxxxxxxxx
> > Sent: April 4, 2003 2:49 PM>
> Subject: Re: [EquisMetaStock Group] Help with breakout
> exploration.> > > > > >
Tried your scan on coke and found more selling opportunities.> >
> > P> > > > --- In
equismetastock@xxxxxxxxxxxxxxx, "DAVID H. LINTON" >
> <dhlinton@xxxx> wrote:> >
> Here is a breakout scan I have been developing recently. >
> > > > > C >
Ref(HHV(C,10),-1) AND > > > Ref(LLV(O,10),-1)
> .95 * Ref(HHV(C,10),-1) AND> > >
Ref(LLV(C,10),-1) > .95 * Ref(HHV(O,10),-1)> >
> > > > Comments would be appreciated.>
> > Also, if anyone has the congestion and consolidation
formulae > > previously mentioned, please
post.> > > Thanks> > >
David> > > > > >
> ----- Original Message ----- > >
> From: ct1942 > > >
To: equismetastock@xxxxxxxxxxxxxxx > >
> Sent: April 4, 2003 10:56 AM> >
> Subject: [EquisMetaStock Group] Help with breakout
> exploration.> > > >
> > > > > At one
time I had two explorations, one for breakouts and one > for
> > > breakdowns. I think they used a
congestion index formula and > a > >
> consolidation formula.> > >
> > > My hard drive crashed 3 months
ago and apparently these > > explorations >
> > were not backuped.>
> > > > > If
someone has these, I would appreciate their sharing them > with
> > me.> > > >
> > Thanks, > > >
> > > Cordell Thomas > >
> > > > >
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