Re: [EquisMetaStock Group] Vortex Indicator

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Bob,

You are a man after my own heart!

The Traders Tips section is like another article by itself. 
I admit that due to the holidays that I haven't had the time to really do any in depth investigating but a quick look this a.m. led to some rather varying thoughts.

Wealth-Lab used the VI along with an ATR Trailing Stop in their system.

AIQ's Richard Denning has me wondering how he compares an Indicator to an Index.

TradersStudio used a crossover system.

StrataSearch stated that as part of a system the VI yielded a >35% annual return with >65% profitable trades.

Wave59 used the VI in weekly system.

Track 'N Trade Pro gives the formula for an ADX.

Based on all of this I would say that some in depth study is in order.

Thanks for pointing this out!


Preston



--- In equismetastock@xxxxxxxxxxxxxxx, Bob Waits <bobwaits2@xxx> wrote:
>
> Thanks Preston. I got the magazine today. Both MS and AB's formula draw the indicator. But Tradestation and Nuroshell has code for a proper system. Have you had a chance to review the article and see if we can test the validity of this indicator.
> 
> 
> Thanks.
> 
> 
> 
> 
> ________________________________
> From: pumrysh <no_reply@xxxxxxxxxxxxxxx>
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Wed, December 30, 2009 4:42:02 AM
> Subject: Re: [EquisMetaStock Group] Vortex Indicator
> 
>   
> Bob,
> 
> As usual the metastock version of the indicator didn't make the publication deadline. The one that I presented was adapted from the Amibroker version. 
> 
> Its basically used the same as Wilder's DX. The difference in the two being that there is no zero calculation in the Vortex version. 
> 
> Preston
> 
> --- In equismetastock@ yahoogroups. com, Bob Waits <bobwaits2@ ..> wrote:
> >
> > Thanks Preston. Haven't received my Jan Issue yet, but how does on use this indicator -- I am assuming when the fast moving line crosses the slower moving line from below.
> > 
> > Also, what are the backtest results for this indicator and how would one code this for the expert advisor?
> > 
> > Thanks.
> > 
> > 
> > 
> > 
> > ____________ _________ _________ __
> > From: pumrysh <no_reply@xxxxxxxxxx s.com>
> > To: equismetastock@ yahoogroups. com
> > Sent: Tue, December 29, 2009 9:01:04 PM
> > Subject: [EquisMetaStock Group] Vortex Indicator
> > 
> > 
> > 
> > 
> > Here's the Metastock code for the Vortex Indicator
> > discussed in the January 2010 issue of TASC
> > 
> > {Vortex Indicator}
> > {TAS&C Jan 2010}
> > {Written for Metastock by Preston Umrysh}
> > Period:= Input("Enter periods",1,100, 14);
> > VMP:=Sum(Abs( H-Ref(L,- 1)),period) ;
> > VMM:=Sum(Abs( L-Ref(H,- 1)),period) ;
> > STR:=Sum(ATR( 1),period) ;
> > VIP:=VMP/STR; VIP;
> > VIM:=VMM/STR; VIM;
> > {end}
> > 
> > enjoy,
> > 
> > Preston
> >
>




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