Chris.......I have been very lax about using system tests, which is wrong, because the closest I've been able to come is to first create formulas and systems in MSWIN, then try and re-create them in WOW, and then scan and test my TC2000 data in WOW......too many chickens in the soup.
My current investment style is complicated, but mine always is. My main indicator is Andy Gabor's "Narrowing" Indicator, which is:
100*Std(C,8)/(HHV(Std(C,8),144))
Actually, this is a hybrid, but who's counting. When "Narrowing" reaches (declines) to a value below 25, I start to watch the stock. As my scan will come up with many, the next step is to only consider those where (in MSWIN):
PDI(8)<MDI(8)
I wait for PDI(8) to cross up above MDI(8). The strongest trade potentials occur when there is a corresponding crossing above Zero of the following indicator:
Mov(WillA(),21,E)-Mov(WillA(),34,E)
where WillA() is the William's Advance/Decline indicator. I'm currently also trying to see if you get an even better move if you also look for a StochRSI on Richard's "RSIVOL" formula that is below 21, but there is no conclusions on that yet.
"RSIVOL" = 100-(100/(1+(Mov(If(ROC(C,1,$)>0,ROC(C,1,$)*V,0),13,S)/Mov(If(ROC(C,1,$)<0,-ROC(C,1,$)*V,0),13,S))))
Complicated enough? Stay tuned!
BW Chan |
