Rank: Newbie
Groups: Registered, Registered Users Joined: 5/18/2005(UTC) Posts: 4
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Hello,
I am completely new to Metastock.
I would like to put cycle lines on my graphs. is there any easy way how to do that?
Do you know if there is a Delta Phenomenon plug-in for metastock?
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users Joined: 3/25/2005(UTC) Posts: 90 Location: London
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Metastock has a drawing tool which draws Cycle Lines. You can stretch the cycle to fit any regular period. Also there is another cycle tool called Fibonacci Time Zones. It draws cycles based on the fibonacci series.
I assume by Delta phenomenon, you are referring to Welles Wilder/Jim Sloman "hidden order in the markets." I have not seen any Metastock add-on for it. As a workaround, use the Cycle Line tool and set the no. of bars interval to the number of days in each delta cycle and include non-market days (empty week-ends and holidays) in Tools/Options/Chart Options.
rgs
Alphateam
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Rank: Newbie
Groups: Registered, Registered Users Joined: 5/18/2005(UTC) Posts: 4
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Thank you very much,
My problem was I didn't include non-market days!
Regards
Philippe
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users Joined: 3/25/2005(UTC) Posts: 90 Location: London
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Yes. The moon's cycle is constant - approx 28-29 days - so you've got to count non-mkt days.
I found the problem with using Delta for swing trading over several weeks/months is that Delta is roughly right but not accurate enough. It keeps missing the best peaks and troughs. What is your experience?
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Rank: Newbie
Groups: Registered, Registered Users Joined: 5/18/2005(UTC) Posts: 4
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I am a beginner about Delta.
I have bought the The Matrix Market CD which is a system developed by Steve Copan.
He uses the Delta, Fibonacci and Elliott Waves. This is very interested but, for me at least, the learning curve is very steep.
I have not tried to use those systems in my trading yet, so I cannot share any experiences.
Regards
Philippe
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 7/21/2005(UTC) Posts: 74 Location: Oklahoma USA
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Does anyone have the Metastock code to create the Adam Reversal Theory created by Welles Wilder? I know it was included in an old charting package called "One Day at a Time." Like the SAR, no code is available from his book. Any help on this is appreciated.
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