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RE: [EquisMetaStock Group] Re: Changing indicators - second post



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Hello Parthasarathy

 

The momentum indicator does not change, as it is the same as rate of change
except expressed slightly differently. 

 

Indicators which may change are those which use hindsight
(zigzag,trough,peak etc) or Lastvalue. The list you provided, and as
commented by Jose, would not 'normally' cause an issue, if programmed,
without using the above functions. 

 

The ones you listed are pretty much canned indicators, so it is unlikely you
would be using one that has been changed to use hindsight etc.

 

Another thing you may wish to check is "Scaling Options Dialog". Type this
in help. I would investigate this one, as I am thinking it may be the issue.

 

Regards

 

Dave

 

  _____  

From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of parthaab
Sent: Sunday, 10 September 2006 11:00 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: Changing indicators - second post

 

Dear Jose, 

Thank you for that insight.
Changing indicators are a matter of particular nuisance for novices 
in MS, who are only learn most of the concepts in MS, and the 
formulae. The formulae itself have been written by different people 
on MS, for eg. MACD has a few versions.

While I did not understand much about the formula you had written, I 
d assume that you think that all those indicators do not change. One 
indicator that does change is the momentum indicator.

Do you know if the PS Stoch RSI indicator changes?

And another unrelated question : I cant seem to find anyway by which 
the Explorer can change scan for periods of 'Other' days ( for eg. 
2,3 or 4). Do you know of any other way it can be done?

Thanks for your indulgence

Parthasarathy

--- In equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com, "Jose Silva" 
<josesilva22@xxx> wrote:
>
> Parthasarathy, you are probably not getting any replies because 
your 
> question is rather broad and possibly somewhat vague.
> 
> I would answer that probably none of the indicators in your list 
are 
> dynamic. I say "probably", because within your broad group of 
> indicators, there is scope for create new ones based on hindsight.
> 
> For an obvious example:
> 
> x:=Zig(C,3,%);
> Mov(If(x>Ref(x,-1),x*1.06,x*.94),21,S)
> 
> 
> jose '-)
> http://www.metastoc <http://www.metastocktools.com> ktools.com
> 
> 
> 
> 
> --- In equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com, "parthaab" <parthaab@> 
> wrote:
> >
> > Friends,
> > 
> > One of the most disconcerting features of using 
indicators/experts
> > on MS is the propensity of some of them to change 'buy' to 'sell'
> > or vice versa, one or even two bars after giving a signal.
> > This means the signal changes from buy to sell, one or two days
> > after the signal.
> > 
> > I am sure many of you find this change quite a frustrating
> > challenge too.
> > 
> > What indicators among the following change, and which ones do 
not?
> > 
> > 1. Stochastics
> > 2. Moving Averages/ crossovers
> > 3. RSI
> > 4. Momentum indicators
> > 5. MACD
> > 6. fractal
> > 
> > Parthasarathy
>

 



[Non-text portions of this message have been removed]



 
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