Metastock 6.0 for Window Message Board

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Strategies & Market Trends : Metastock 6.0 for Window

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To: ED_L who wrote (2492)	12/2/1998 1:53:00 AM
From: Richard Estes	Read Replies (2) of 4056

Remember the relationship should be logical. The power of a program like MSWIN is the development of Explorations and systems. The eyeball is easily fooled. Some math type might show up to instruct you in normalization techiques, but I would suggest a different way. System Tests. you might think a relationship exist between the orange of trin and the apple of MACD. Trin is an adv/decl of issues compared to Volume of the Adv/decl issues. It looks at an exchange or index. You might consider bullish measures to be below .90 and bearish above .90. Then you could build a system that said if trin is under .90 and macd gives a buy then go with it. But to imagine that a cross of their values has any correlation, it would be so only in random lucky hits. The two you chose even has the problem of being more bullish if they go in opposite directions. That eyeball can see anything, it wants to see. Comparing direct measurements to indicators takes off the rose colored glasses.

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