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MetaStock System Test 05 - Tema StochRSI_13 & 55
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| Added: February 09, 2007 |
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MetaStock, system
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For my last MetaStock system test, (05_StochRSI_13 & 55) I used the StochRSI
formula described at the Equis site then modified it slightly. The original formula
was:
StochRSI
((RSI(14)-LLV(RSI(14),14))/((HHV(RSI(14),14))-LLV(RSI(14 ),14)))
I didn't want to use a specific number such as 14 for my formula, but want to
be able to use my favorite Fibonacci numbers. I also wanted to smooththe formula
with Tema smoothing. I finally settled on the Fibonacci numbersof 13 and 55
for my formulas. I also subtracted 0.5 from the result so Icould plot the formula
as a histogram. Therefore my formulas became:
Tema StochRSI_13
Periods := Input("Enter Tema Smoothing Periods",5,233,13);
Tema(((RSI(Periods) - LLV(RSI(Periods),Periods)) /
((0.0001 + HHV(RSI(Periods),Periods)) - LLV(RSI(Periods),Periods))) -0.5,Periods)
Tema StochRSI_55
Periods := Input("Enter Tema Smoothing Periods",5,233,55);
Tema(((RSI(Periods) - LLV(RSI(Periods),Periods)) /
((0.0001+HHV(RSI(Periods),Periods)) - LLV(RSI(Periods),Periods))) -0.5,Periods)
After I decided on the formulas, the next step was how to use them in a system
test. I plotted the two formulas above several of my favorite stocks andlooked
at them for buying patterns. Since they are plotted as a histogramI looked at
zero crossovers to the upside as buys and to the downside assells. Then instead
of a zero crossover, I used an optimized value crossover.After some experimenting,
I found that the shorter length crossover gavebetter signals if I also required
the longer length one to be negative, andconfirmed an up move by also requiring
that a short term moving average wasmoving up. Finally I saw that there was
usually a good buy signal when thelonger term formula crossed the optimized
value and the shorter term formulawas above zero. Therefore my open long signal
became:
MetaStock System Test 05 - Tema StochRSI_13 & 55
Open Long :
(Alert(Cross(Fml("Tema StochRSI_13"),opt1),21) AND
Fml("Tema StochRSI_55") < 0 AND Mov(C,21,VAR) > Ref(Mov(C,21,VAR),-8))
OR
Alert(Cross(Fml("Tema StochRSI_55"),opt1),13) AND
Fml("Tema StochRSI_13") > 0
I couldn't find a good close long signal, but did find that a reverse toa short
on the longer term StochRSI crossing an optimized value confirmedby a falling
moving average seemed to work well. Therefore my Open Short became:
Open Short :
Alert(Cross(opt2,Fml("Tema StochRSI_55")),13) AND
Mov(C,21,VAR) < Ref(Mov(C,21,VAR),-8)
The optimization valiues are:
opt1: Min = -0.3 Max = 0 Step = 0.1
opt2: Min = -0.3 Max = 0 Step = 0.1
That's all there is to the StochRSI test, but it seems to work very wellfor
some stocks. Try it and let me know what you think.
from Jim Greening
Code:
For my last MetaStock system test, (05_StochRSI_13 & 55) I used the StochRSI
formula described at the Equis site then modified it slightly. The original formula
was:
StochRSI
((RSI(14)-LLV(RSI(14),14))/((HHV(RSI(14),14))-LLV(RSI(14 ),14)))
I didn't want to use a specific number such as 14 for my formula, but want to
be able to use my favorite Fibonacci numbers. I also wanted to smooththe formula
with Tema smoothing. I finally settled on the Fibonacci numbersof 13 and 55
for my formulas. I also subtracted 0.5 from the result so Icould plot the formula
as a histogram. Therefore my formulas became:
Tema StochRSI_13
Periods := Input("Enter Tema Smoothing Periods",5,233,13);
Tema(((RSI(Periods) - LLV(RSI(Periods),Periods)) /
((0.0001 + HHV(RSI(Periods),Periods)) - LLV(RSI(Periods),Periods))) -0.5,Periods)
Tema StochRSI_55
Periods := Input("Enter Tema Smoothing Periods",5,233,55);
Tema(((RSI(Periods) - LLV(RSI(Periods),Periods)) /
((0.0001+HHV(RSI(Periods),Periods)) - LLV(RSI(Periods),Periods))) -0.5,Periods)
After I decided on the formulas, the next step was how to use them in a system
test. I plotted the two formulas above several of my favorite stocks andlooked
at them for buying patterns. Since they are plotted as a histogramI looked at
zero crossovers to the upside as buys and to the downside assells. Then instead
of a zero crossover, I used an optimized value crossover.After some experimenting,
I found that the shorter length crossover gavebetter signals if I also required
the longer length one to be negative, andconfirmed an up move by also requiring
that a short term moving average wasmoving up. Finally I saw that there was
usually a good buy signal when thelonger term formula crossed the optimized
value and the shorter term formulawas above zero. Therefore my open long signal
became:
MetaStock System Test 05 - Tema StochRSI_13 & 55
Open Long :
(Alert(Cross(Fml("Tema StochRSI_13"),opt1),21) AND
Fml("Tema StochRSI_55") < 0 AND Mov(C,21,VAR) > Ref(Mov(C,21,VAR),-8))
OR
Alert(Cross(Fml("Tema StochRSI_55"),opt1),13) AND
Fml("Tema StochRSI_13") > 0
I couldn't find a good close long signal, but did find that a reverse toa short
on the longer term StochRSI crossing an optimized value confirmedby a falling
moving average seemed to work well. Therefore my Open Short became:
Open Short :
Alert(Cross(opt2,Fml("Tema StochRSI_55")),13) AND
Mov(C,21,VAR) < Ref(Mov(C,21,VAR),-8)
The optimization valiues are:
opt1: Min = -0.3 Max = 0 Step = 0.1
opt2: Min = -0.3 Max = 0 Step = 0.1
That's all there is to the StochRSI test, but it seems to work very wellfor
some stocks. Try it and let me know what you think.
from Jim Greening
Code to difficult? Find somebody to help you with coding here.
Source: http://www.guppytraders.com
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