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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Chris G. who wrote (7335)	12/28/1997 1:44:00 PM
From: Craig DeHaan	Read Replies (1) \| Respond to of 12039

Chris, You'll need to use the alert() function to capture the delayed effects of any non-simultaneous signals within multi-conditional parameters as you described with the cross function. Otherwise its a one period all or none proposition. Richard clarified this for me a few weeks ago in the Metastock thread. Read back to mid November for details. Also from Metastock help files: Using the Alert() Function-- The alert() function is used in conjunction with other functions to extend a true signal for a specified number of periods. The signal is held true over the specified number of periods even if another trade is generated. The following example illustrates the use of the alert() function: Enter Long: RSI(14) < 30 AND alert(VOLUME > 500,3) If this were entered as the Enter Long rule, the system would enter a long position when the RSI was less than 30 and the volume had been greater than 500 at any time over the previous three time periods. The "VOLUME > 500" condition holds true over the entire three time periods even if the volume drops below 500 during that three period time span. If you removed the alert() function in the above example, both conditions (i.e., RSI(14) < 30 and VOLUME > 500) would have to be true simultaneously in order for the Enter Long signal to be generated. By using the alert() function, a true condition generated by the "VOLUME > 500" condition is extended over a three period time span. Good luck, Craig

To: Chris G. who wrote (7335)	12/28/1997 2:30:00 PM
From: Richard Estes	Read Replies (2) \| Respond to of 12039

No, signal is valid on day of cross. you can use the alert function to keep it valid for x days. I think you will find the best mix thru system tests. There is more value to indivdual indicators than multi-ones in beginning the study of TA. Mixing without knowing the logic or expected reactions can end in fustration rather than success.

To: Chris G. who wrote (7335)	12/29/1997 8:04:00 AM
From: Chandler H. Everett	Read Replies (1) \| Respond to of 12039

Chris......a Zero cross, or a Moving Average cross, may or may not be meaningful ON THE GIVEN DAY depending on several other variables. I am a strong believer in Stan Weinstein's Weight Of Evidence theory that looks for a number of things seeming to happen together. As has been written here and in other places, a "crossing" signal in a Daily mode that is NOT supported by the Weekly indicators will have a very weak effect if it has one at all. If a short term indicator "cross" happens AFTER there has been a "cross" given by the Dahl indicator, the power of the short term cross is much more powerful. FWIW BW Chan