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08_Momentum Time & S/C

System for: MetaStock

Views: 2075

Added: May 29, 2007

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RE: Stochastics, rsi
To: "Richard Estes" <dick@xxxxxxxxxxxxxxxxx>, metastock-list@xxxxxxxxxxxxx
Subject: RE: Stochastics, rsi
From: "Jim Greening" <JimGinVA@xxxxxxx>
Date: Mon, 26 May 97 15:27:15 UT
Resent-Date: Mon, 26 May 1997 10:38:55 -0600
Resent-From: metastock-list@xxxxxxxxxxxxx
Resent-Message-Id: <"WPi9e3.0.vj1.UoRYp"@mail.equis.com>
Resent-Sender: metastock-list-request@xxxxxxxxxxxxx

Richard,
I've been playing with the indicator you posted.Hope you don't mind. I like the signal locations on the good signals, but got too many false signals. I decided to try a combination to filter out most of the false signals.Finally decided on the normalized LinRegSlope (S/C). I normalized it by dividing by the close price so values would be comparable for any price stock. I then multiplied by 10000 to amplify the signal for easier viewing. I used the standard S/C greater than zero and S/C rising for buy signals. Decided to use S/C less than an optimized negative value for closing the position. Used S/C less than optimized negative value and S/C falling for an open short signal. S/C greaser than zero to close short.Formulas and test follow:

MetaStock for Windows Indicator Builder

Code:

S/C

{LinRegSlope/Close}
10000*LinRegSlope(C,34)/C

Momentum Time

(HIGH - Mov(C,55,T)+(LOW - Mov(C,55,T)))/(HIGH - Mov(C,55,T)-(LOW - Mov(C,55,T)))

MetaStock for Windows System Tester

08_Momentum Time & S/C

Enter Long:

Alert(Cross(Fml("Momentum Time"),0),13) AND C > Mov(C,21,T) AND
Fml("S/C") > 0 AND HHV(Fml("S/C"),5) = HHV(Fml("S/C"),13)

Close Long:

Fml("S/C") < opt1

Enter Short:

Alert(Cross(0,Fml("Momentum Time")),13) AND C < Mov(C,21,T) AND
Fml("S/C") < opt1 AND LLV(Fml("S/C"),5) = LLV(Fml("S/C"),13)

Close Short:

Fml("S/C") > 0

Optimization Variables

OPT1:
Min = -55.00 Max = -13.00Step = 21.00

STOPS ALL OFF

Momentum Time

(HIGH - Mov(C,55,T)+(LOW - Mov(C,55,T)))/(HIGH - Mov(C,55,T)-(LOW - Mov(C,55,T)))

Momentum Time

Buy:

Cross(Fml( "MOMENTUM time" ),0) and c>mov(c,21,t)

Sell:

Cross(0, Fml( "MOMENTUM time" ))

Code to difficult? Find somebody to help you with coding here.

Source: http://purebytes.com/archives/metastock/

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08_Momentum Time & S/C

System for: MetaStock

Views: 2075

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Code:

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