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he he he......
-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Jose Silva
Sent: Sunday, November 05, 2006 3:30 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: Countback-type Oscillator and signals
The countback nature?
To count events backwards.
What does it do?
It counts events backwards.
The general theory?
Count events backwards.
I look forward to the countforward theory.
jose '-)
http://www.metastoc <http://www.metastocktools.com> ktools.com
--- In equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com,
"formulaprimer" <formulaprimer@xxx> wrote:
>
> What is the nature of the countback theory. what does it do
> exactly.
> what is the general theory for it?
> thanks.
>
>
>
> --- In equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com, "Jose Silva" <josesilva22@>
> wrote:
>
> I've been playing around with the Countback-type Oscillator below,
> and some signals based on it look promising on some charts.
>
> Indicators/Oscillators of this type don't generally suffer from the
> lagging characteristics of mainstream smoothed indicators (e.g.
> Stoch, MACD, MAs, etc), and they lend themselves to promising
> signals.
>
> Any suggestion for a suitable name for this oscillator is welcome.
>
>
> MetaStock -> Tools -> Indicator Builder -> New
> -> copy & paste complete formula between "---8<---" lines.
>
> =========================
> Countback-type Oscillator
> =========================
> ---8<-------------------------------------
>
> { Countback-type oscillator & signals v2.0
> Incorporating automatic overBought/Sold levels
> Trade at own risk.
>
> CCopyright 2005~2006 Jose Silva.
> The grant of this license is for personal use
> only - no resale or repackaging allowed.
> http://www.metastoc <http://www.metastocktools.com> ktools.com }
>
> { User inputs }
> pds:=Input("Oscillator countback periods",
> 1,252,21);
> plot:=Input("plot: [1]Oscillator, [2]Signals",
> 1,2,1);
> type:=Input("signals: [1]OBought/Sold, [2]Higher Lo, Lower Hi",
> 1,2,1);
>
> { Countback oscillator }
> C1:=Ref(C,-1);
> x:=Sum((C>C1)*(C-C1),pds)
> /Max(Sum(Abs(C-C1),pds),.000001)*100;
>
> { Automatic overBought/Sold levels }
> avg:=Cum(x)/Cum(IsDefined(x));
> pk:=Ref(x,-1)=HHV(x,3) AND Ref(x,-1)>avg;
> pkVal1:=ValueWhen(1,pk,Ref(x,-1));
> pkVal2:=ValueWhen(2,pk,Ref(x,-1));
> pkValAvg:=Cum(pkVal1)/Cum(IsDefined(pkVal1));
>
> tr:=Ref(x,-1)=LLV(x,3) AND Ref(x,-1)<avg;
> trVal1:=ValueWhen(1,tr,Ref(x,-1));
> trVal2:=ValueWhen(2,tr,Ref(x,-1));
> trValAvg:=Cum(trVal1)/Cum(IsDefined(trVal1));
>
> { OverBought/Sold signals }
> entry:=x<trValAvg;
> exit:=x>pkValAvg;
>
> { Higher troughs / lower peaks signals }
> entry:=If(type=1,entry,
> trVal1>trVal2 AND x>pkVal1);
> exit:=If(type=1,exit,
> pkVal1<pkVal2 AND x<trVal1);
>
> { Clean signals }
> init:=Cum(IsDefined(entry+exit))=1;
> bin:=ValueWhen(1,entry-exit<>0 OR init,entry);
> long:=bin*(Alert(bin=0,2)
> OR entry*Cum(entry)=1);
> short:=(bin=0)*(Alert(bin,2)
> OR exit*Cum(exit)=1);
>
> { Plot in own window }
> If(plot=1,pkValAvg,0); {Grey}
> If(plot=1,avg,0); {Grey}
> If(plot=1,trValAvg,0); {Grey}
> If(plot=1,x,long-short)
>
> ---8<-------------------------------------
>
>
> jose '-)
> http://www.metastoc <http://www.metastocktools.com> ktools.com
[Non-text portions of this message have been removed]
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