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KAT123  
#1 Posted : Wednesday, August 25, 2010 5:40:56 PM(UTC)
KAT123

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Would appreciate anyones input thanks. If I wanted to explore and test for Momentum (i.e., 13 day period, close) above the centre line 1/ How would I write that formula? 2/ How do I instruct Metastock so I can explore and test for the momentum line being above centre line on a daily chart and on a weekly chart? Kat
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wabbit  
#2 Posted : Wednesday, August 25, 2010 5:56:59 PM(UTC)
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It's all in the User Manual. After you have read it, download the Formula Primer from the files section of the forum and do the simple exercises, then you'll be programming these simple tasks for yourself in no time at all.


wabbit [:D]
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KAT123  
#3 Posted : Wednesday, August 25, 2010 6:06:34 PM(UTC)
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Have downloaded the formula primer and have been studying formula reference. I hoped for an example in here to set me on my way. My logic would be this from what I understand so far mo(13) >100
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wabbit  
#4 Posted : Wednesday, August 25, 2010 6:11:08 PM(UTC)
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"He who waits for things to happen will learn the true meaning of infinity."

It's contained in the manual and/or the primer.

Set the periods for the momentum function and then use an inequality test to return those stocks which have the appropriate values.

"Give a man a fish... Teach a man to fish..."


wabbit [:D]
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KAT123  
#5 Posted : Wednesday, August 25, 2010 6:33:59 PM(UTC)
KAT123

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wabbit wrote:
"Give a man a fish...  Teach a man to fish...">
absolutely agree. thanks for your time anyway Wabbit
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henry1224  
#6 Posted : Wednesday, August 25, 2010 7:10:58 PM(UTC)
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You have 3 ways for a system to work

1: mo greater than the center line
2: mo greater than Ref(mo,-1)
3: mo greater than upper zone and mo less than lower zone

and then you can add in a trend filter to only accept a trade when the above signals are in sync with a trend

which do you prefer?
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KAT123  
#7 Posted : Wednesday, August 25, 2010 9:09:02 PM(UTC)
KAT123

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henry1224 wrote:
You have 3 ways for a system to work

1: mo greater than the center line
2: mo greater than Ref(mo,-1)
3: mo greater than upper zone and mo less than lower zone

and then you can add in a trend filter to only accept a trade when the above signals are in sync with a trend

which do you prefer?
Hi Henry In my system I thought I could use the ADX and 200EMA criteria to recognise a trend and have that criteria as part of my exploration? Talking filters etc is beyond me at the moment (I started using the programme 3 days ago)To answer your question I prefer the daily and weekly momentum to be greater than the centreline.
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henry1224  
#8 Posted : Friday, August 27, 2010 6:52:25 PM(UTC)
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Here are 8 binary systems for Momentum.4 systems that are stand alone.4 systems w Trend



Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;}

Type:=Input("Type of Data",1,5 ,5);

INDLen:=Input("Length",1,100,13);

Type2:=If(Type=1,(H+L)/2,If(Type=2,(H+L+C)/3,If(Type=3,(O+H+L+C)/4,If(Type=4,(O+H+L+(2*C))/5,C))));

Long:=Mo(Type2,IndLen)>100 ;

Short:=Mo(Type2,IndLen)<100 ;

Binary:=Long-Short;

Binary;

Type:=Input("Type of Data",1,5 ,5);

INDLen:=Input("Length",1,100,13);

Type2:=If(Type=1,(H+L)/2,If(Type=2,(H+L+C)/3,If(Type=3,(O+H+L+C)/4,If(Type=4,(O+H+L+(2*C))/5,C))));

A:=If(Sum(Type2>Mov(Type2,65,S),3)>2,1,If(Sum(Type2<Mov(Type2,65,S),3)>2,-1,0));{Trend}

Long:=Mo(Type2,IndLen)>100 and A=1;

Short:=Mo(Type2,IndLen)<100 and A=-1;

Binary:=Long-Short;

Binary;

_____________________________________________________________________________________

Type:=Input("Type of Data",1,5 ,5);

INDLen:=Input("Length",1,100,13);

Type2:=If(Type=1,(H+L)/2,If(Type=2,(H+L+C)/3,If(Type=3,(O+H+L+C)/4,If(Type=4,(O+H+L+(2*C))/5,C))));

A1:=Mov(Mov(Mov(Mo(Type2,IndLen),2,S),2,S),2,S);

Long:=A1>Ref(A1,-1) ;

Short:=A1<Ref(A1,-1);

Binary:=Long-Short;

Binary;


Type:=Input("Type of Data",1,5 ,5);

INDLen:=Input("Length",1,100,13);

Type2:=If(Type=1,(H+L)/2,If(Type=2,(H+L+C)/3,If(Type=3,(O+H+L+C)/4,If(Type=4,(O+H+L+(2*C))/5,C))));

A:=If(Sum(Type2>Mov(Type2,65,S),3)>2,1,If(Sum(Type2<Mov(Type2,65,S),3)>2,-1,0));{Trend}

A1:=Mov(Mov(Mov(Mo(Type2,IndLen),2,S),2,S),2,S);

Long:=A1>Ref(A1,-1) and A=1;

Short:=A1<Ref(A1,-1)and A=-1;

Binary:=Long-Short;

Binary;

___________________________________________________________________________________

Type:=Input("Type of Data",1,5 ,5);

INDLen:=Input("Length",1,100,13);

Type2:=If(Type=1,(H+L)/2,If(Type=2,(H+L+C)/3,If(Type=3,(O+H+L+C)/4,If(Type=4,(O+H+L+(2*C))/5,C))));

Long:=Mo(Type2,IndLen)>Mov(Mo(Type2,IndLen),8,S);

Short:=Mo(Type2,IndLen)<Mov(Mo(Type2,IndLen),8,S) ;

Binary:=Long-Short;

Binary;

Type:=Input("Type of Data",1,5 ,5);

INDLen:=Input("Length",1,100,13);

Type2:=If(Type=1,(H+L)/2,If(Type=2,(H+L+C)/3,If(Type=3,(O+H+L+C)/4,If(Type=4,(O+H+L+(2*C))/5,C))));

A:=If(Sum(Type2>Mov(Type2,65,S),3)>2,1,If(Sum(Type2<Mov(Type2,65,S),3)>2,-1,0));{Trend}

Long:=Mo(Type2,IndLen)>Mov(Mo(Type2,IndLen),8,S) and A=1;

Short:=Mo(Type2,IndLen)<Mov(Mo(Type2,IndLen),8,S) and A=-1;

Binary:=Long-Short;

Binary;

__________________________________________________________________________________

Type:=Input("Type of Data",1,5 ,5);

INDLen:=Input("Length",1,100,13);

Type2:=If(Type=1,(H+L)/2,If(Type=2,(H+L+C)/3,If(Type=3,(O+H+L+C)/4,If(Type=4,(O+H+L+(2*C))/5,C))));

A1:=Mo(Type2,IndLen);

Long:=A1>Ref(A1,-1);

Short:=A1<Ref(A1,-1);

Binary:=Long-Short;

Binary;

Type:=Input("Type of Data",1,5 ,5);

INDLen:=Input("Length",1,100,13);

Type2:=If(Type=1,(H+L)/2,If(Type=2,(H+L+C)/3,If(Type=3,(O+H+L+C)/4,If(Type=4,(O+H+L+(2*C))/5,C))));

A:=If(Sum(Type2>Mov(Type2,65,S),3)>2,1,If(Sum(Type2<Mov(Type2,65,S),3)>2,-1,0));{Trend}

A1:=Mo(Type2,IndLen);

Long:=A1>Ref(A1,-1) and A=1;

Short:=A1<Ref(A1,-1) and A=-1;

Binary:=Long-Short;

Binary;



You will notice that smoothing out the data reduces whip saws.
further reduction of whipsaws are done with a Trend filter
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KAT123  
#9 Posted : Saturday, August 28, 2010 8:47:12 PM(UTC)
KAT123

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Posts: 12
Thanks Henry
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