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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Joe W. who wrote (2278)7/31/1997 5:20:00 PM
From: TechTrader42   of 3325
 
For the time being, you could leave out the parts of the formula that use slope. I haven't determined that those parts are even necessary. For each line that you take out, reduce the number in the final entry formula. So with the following DNNS indicator, there'd now be 8 lines instead of 11:

if(fml("StochRSI")>30,1,0) +
if(fml("StocRSI(8,5)")>30,1,0) +
if(fml("MACD (8/17/9)")>0,1,0) +
if(fml("InSync Indicator")>50,1,0) +
if(fml ("Dahl's primary trend")>0,1,0) +
if(SAR(.02,.2)<C,1,0) +
if(OBV()>Mov(OBV(),40,S),1,0)+
if(fml("DNS")>=5,1,0)

And the entry point would be:

fml("DNNS")=8 not fml("DNNS")=11

But Wolfgang could probably come up with translations for the slope lines. Wolfgang????

if(slope(fml("StocRSI(8,5)"),3)>0,1,0) +
if(slope(fml("Dahl's Primary trend"),3)>0,1,0) +
if(slope(SAR(.02,.2),3)>0,1,0) +

I wonder whether Dave would even think they're necessary. It's his system, and I may not have interpreted or translated it correctly. Certainly, with StochRSI(8,5), the slope line would seem to have a questionable purpose. Still, the whole formulation does seem to work, as Webb has found, too. I've even been using it in scans. It's the longest scan in the world, I think, with InSync and all. You wouldn't want to scan 1000 stocks. You'd have to wait all night.

The whole formulation is given at:

members.aol.com
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