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Kees,
Steve likes to feel very close to his indicators and often nicknames
them. The Chande Momentum Oscillator is a built-in indicator and is
sometimes called the CMO. Steve calls it CMO3 because he uses 3
lookback periods. You can call the built-in function by using
CMO(data,periods). If you should decide to write a custom formula or
use Steve's long version, once it is named you would use the formula
call like this: Fml("CMO3")
You could also use the built-in like this: CMO(C,3);
Since we know there are division errors with the long version of the
formula, I would simply use CMO(C,3); It is the same thing.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Kees Takkenberg"
<c.a.takkenberg@xxx> wrote:
>
> Peston,
>
> Thank you for your answers Preston.
>
> So the "Sell short" was missing the Cross-function.
>
> I understand I can write whatever a name I want the indicator to be?
>
> Am I wrong in thinking that if I do not use the original indicator
formula in a setup I have to use the Fml ( " ") function?
>
> Because I don' t understand that only "CMO" works .
>
> Regards,Kees.
>
>
> ----- Original Message -----
> From: pumrysh
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Thursday, February 05, 2009 5:59 PM
> Subject: [EquisMetaStock Group] Re: About Mr.Karnish CMO3/DIA
test setup.
>
>
> Kees,
>
> 1. Yes...but expect some division by zero errors with this formula
>
> 2. You could or you could write:
>
> {CMO3}
> {Steve Karnish's CMO}
> CMO(C,3);
>
> 3. Much shorter to write CMO(C,3) and not have to worry about the
> division error.
>
> 4. Sell short: Cross(CMO(C,3),opt1)
>
> Preston
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Kees Takkenberg"
> <c.a.takkenberg@> wrote:
> >
> > It seems I have some lack in fundamentel formulae
understanding.
> But I'm trying to do the test myself and I don't get it right!
> >
> > E.g. the first rule is: Buy: Cross(-opt1,CMO(C,3))
> >
> > In the indicatorbuilder I found this formula, wich is
> namend "Chande Momentum Oscillator".
> >
> > 100*((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14))-(Sum(If(C,<,Ref
(C,-
> 1),(Ref(C,-1)-C),0),14))) /((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-
1)),0),14)
> +(Sum(If(C,<,Ref(C,-1),(Ref(C,-1)-C),0),14))))
> >
> > Question:
> >
> > 1. Because of the 3 periods Mr.Karnish uses, should I change
the 14
> into a 3?
> > 2. Should I rename the "Chande Momentum Oscillator"into CMO.
> > 3. By doing so, the way to write the first rule (see above)
will
> than be : Cross(-opt1, Fml( "CMO")), because I am referring to an
> indicator in the Indicatorlist?
> > 4.Do I have to skip the (C,3)) because I already have changed a
14
> days period into a 3 one? Or must I see the "CMO"as a complete
entity
> and set the "(C,3)" stil behind it?
> >
> > When writing the third rule , Sell short: ( CMO(C,3),opt1) into
the
> systemtester "Metastock" correct me over and over again.
> > Is the word Cross missing here? Because Buy to cover is with
the
> Crossfunction and I should say to sell short is triggered when
the
> CMO crosses the above triggerline!
> >
> > I would also say that I very much appreciate Mr.Karnish webinar.
> >
> > And to you all out there: I would really appreciate your help
on
> this.
> >
> > Regards,
> >
> > Kees Takkenberg
> >
>
------------------------------------
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