Fibonacci Trader-Dynamic Balance Point Step

DPS:=(ValueWhen(1,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC"))+
ValueWhen(5,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC"))+
ValueWhen(10,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC"))+
ValueWhen(15,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC"))+
ValueWhen(20,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC")))/5;
DPS;
{created by Adam Hefner 9-1-99}
 

MACD Crossover System test in MetaStock,
an example of how to create

Enter Long:
Mov(C,5,E) > Mov(C,13,E)
AND Mov(C,13,E) > Mov(C,40,E)

Close Long:
Cross(Mov(C,13,E),Mov(C,5,E))

Now you can play with these combinations on both the enter long and close long side. For example,
keep the same Enter Long but change the Close Long to =

Cross(Mov(C,40,E) ,Mov(C,5,E) )

This will keep you in the trade longer. You may want to enter when the 5 crosses above the 13 and not wait for the 40 OR, you may just want to use the 5 cross above the 40 and forget about the 13.

(created by David Evans)

Mov(C,2,S)>
Mov(Mov(C,2,S),2,S) AND
Mov(Mov(C,2,S),2,S)>
Mov(Mov(Mov(C,2,S),2,S),2,S) AND
Mov(Mov(Mov(C,2,S),2,S),2,S)>
Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S) AND
Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S)>
Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S) AND
Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S)>
Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S) AND
Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S)>
Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S) AND
Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S)>
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) AND
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)>
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) AND
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)>
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)

{created by Brookelise}

Elliot Oscillator

Mov((H+L)/2,5,S)-Mov((H+L)/2,34,S)

GRII

This is a long formula so I broke it up into four pieces. GRII is derived from formulas 1, 2, and 3.

This is a nifty momentum oscillator that I've used for about five years to help me determine the direction of a given market when I have evidence that the market is about to turn.

test
formula
1 GRIIF1 tsf(C,9)-ref(tsf(C,9),-1)

2 GRIIF2 (ref(tsf(C,9),-1)-(ref(tsf(C,9),-2)))

3 GRIIF3 (ref(tsf(C,9),-2)-(ref(tsf(C,9),-3)))

4 GRII (tsf(C,9)-ref(tsf(C,9),-1))+((ref(tsf(C,9),-1)-ref(tsf(C,9),-2)))+((ref(tsf (C,9),-2)-(ref(tsf(C,9),-3))))

(written by Eddie Kwong)

SPECIAL TRIX

This is my own version of the well-known indicator, TRIX. I have had much better results with this than the canned version that comes with every charting program.

trix(12)-ref((trix(12)),-1)

(created by Eddie Kwong)

{Fibonacci Trader - Fixed Balance Point}
{NOTE: under Color/Style options, change
plot to last "style" option}

{Fixed Balance Point Calculation}
FBC:=If(DayOfWeek()=1 AND Ref(DayOfWeek(),-1)
<5,
{then}(HighestSince(2,DayOfWeek()=1,H)+
LowestSince(1,DayOfWeek()=1,L)+
CLOSE)/3,
{else}If(DayOfWeek()=5,
{then}(HighestSince(1,DayOfWeek()=1,H)+
LowestSince(1,DayOfWeek()=1,L)+
CLOSE)/3,
{else}0));
{Fixed Balance Point Plot}
FBP:=ValueWhen(1,FBC>0,FBC);
FBP

{created by Adam Hefner}
 

I was only able to implement Krausz's Gann Swing HiLow Activator in Metastock, because it's simply the average of the last three bars High (stop for short position or long entry) or Low (stop for long position or short entry) plotted one period forward:

Ref(Mov(L,3,S),-1) or Ref(Mov(H,3,S),-1)

(from Thorsten Buhmann in Germany)

Use of Tema PV Binary Wave and Tema QStick Formulas in MetaStock, from "JimG"

There are really two different ways to use these formulas. Since the Binary Wave is a smoothed addition of several technical indicators that each give +1 when bullish, 0 when neutral and -1 when negative, it makes sense that a positive number is bullish and rising numbers are bullish. Similarly negative numbers and falling numbers are bearish.

The QStick is really a candlestick type indicator, but can be read as bullish or bearish in same way as the Binary Wave.

The two traditional ways to play them are to buy on a rise from a negative peak and sell on a fall from a positive peak, or to buy on a zero cross over to the upside and sell on a zero crossover to the downside. Of course you can optimize and find various buy and sell levels as long as you understand what is bearish and what is bullish.

My own MetaStock system tests alerts on the BW crossing a moving average of itself and buys or sells on a confirmation of Qstick turning positive or negative respectively. Having said that, I don't make my buy an sell decisions from the indicators or the system test. I do use the system test as an initial screen and use a buy signal as a flag to move the stock to my watch list. I make all buying and selling decisions based on the trend channels. Over the years, I've found that works best for me.

Trough(1,L,10)+

((((Trough(1,L,10)-Trough(2,L,10))

/

(TroughBars(2,L,10)-TroughBars(1,L,10)))

*TroughBars(1,L,10)))

This formula will draw a trendline from the most recent bottom. The L (low) can be changed to C (close) and the 10 can be changed to a different percent value. You will also need to change the line style to the last one in the drop down list.

Mike Helmacy www.techanalysis.com

Those who know me have found out I vacillate between the VERY complicated and the very simple. I have been following a few stocks (medium volatility, but good %% moves both up and down over a 2-5 week time frame) and tracking them with about 15 templates on which most of the formulas that I have acquired reside. I wanted to track those that did best and those that were not as effective. I also tracked those formulas that were late in showing turns in momentum vs those that caught the turn close on. In this regard, I was looking for finding stocks at intermediate term lows and highs, NOT for indicators that identified stocks that had begun their run in any direction and were destined to continue. As a result, I came up with a very simple indicator that showed a HIGH degree of accuracy in "turn-calling", but it did NOT give me indication of the strength or duration of the new move, only that it probably would occur. I believe that I have finally discovered that any signal of a change in momentum will NEVER give you a sense of strength or duration BY ITS VERY NATURE, and that only signals that identify stocks WITHIN a momentum trend (ie..already established) are able to do that. My momentum trend change indicator is derived from an intermediate trend indicator I've used for some time in MSWIN 6.0...

PDI(34) - MDI(34)

My new formula is...........

((PDI(8) - MDI(8)) - (PDI(21) - MDI(21))) + (PDI(13) - MDI(13))

Try it......I think you'll like it......and it's the same coding in WOW, I believe..........BW Chan I have posted an update to the RMTA and TOSC formula's, the first formulas had an "Absolute Value" that wasn't called for in the article ( I had mistaken the "[" "]" to mean "|" "|"). The new formulas seem to plot exactly as the old......but I wanted the code to match the math in the article. Thanks go out to William Golson for the help.

{Recursive Moving Trend Average}

Lb:=Input("Look-Back Period?",3,100,21);

Alpha:=2/(LB+1);

Bot:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+C;

RMTA:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+

(Alpha*(C+Bot-Ref(Bot,-1)));

RMTA;

{TOSC}

Lb:=Input("Look-Back Period?",3,100,21);

Alpha:=2/(LB+1);

Bot:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+C;

RMTA:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+

(Alpha*(C+Bot-Ref(Bot,-1)));

TOSC:=RMTA-Mov(C,lb,E);

TOSC;

Best wishes, Adam Hefner e-mail: VonHef@itlnet.net

Is the name of an article in the December issue of TASC, written by Dennis Meyers. In it he describes what he calls " The Recursive Moving Trend Average" . I wont go into all the article right now, but here is my translation of his math (for Metastock 6.5) :

{Recursive Moving Trend Average}
Lb:=Input("Look-Back Period?",3,100,21);
Alpha:=2/(LB+1);
Bot:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+C;
RMTA:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+
(Alpha*Abs(C+Bot-Ref(Bot,-1)));
RMTA;

He then explains how to make an oscillator by subtracting an Exponential MA form the Recursive MA...... again here is the code:

{TOSC}
Lb:=Input("Look-Back Period?",3,100,21);
Alpha:=2/(LB+1);
Bot:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+C;
RMTA:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+
(Alpha*Abs(C+Bot-Ref(Bot,-1)));
TOSC:=RMTA-Mov(C,lb,E);
TOSC;

Here is the code for System Testing;
Buy Long:

Lb:=opt1;
ent:=3;
Alpha:=2/(LB+1);
Bot:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+C;
RMTA:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+
(Alpha*Abs(C+Bot-Ref(Bot,-1)));
TOSC:=RMTA-Mov(C,lb,E);
Cross(tosc,(0-Abs(ent)))

Sell short:

Lb:=opt1;
ent:=3;
Alpha:=2/(LB+1);
Bot:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+C;
RMTA:=(1-Alpha)*(If(Cum(1)<Lb,C,PREV))+
(Alpha*Abs(C+Bot-Ref(Bot,-1)));
TOSC:=RMTA-Mov(C,lb,E);
Cross((0+Abs(ent)),tosc1)

Opt1 is the look- back periods, of 3 to 30, and Opt2 is the entry value of the oscillator, 0 to 5.
Now, after all the hours spent on figuring out the code, I have discovered that the RMTA plots very similar to the DEMA, oh well............

Adam Hefner. e-mail: VonHef@itlnet.net