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Strategies & Market Trends : TA Science Projects & Experimental Indicators -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (2)	1/16/1998 9:54:00 PM
From: ftth	Read Replies (1) \| Respond to of 237

Hi Rainier, Metastock is pretty limited also in its programming capabilities. There are about 150 or so function calls, but if you eliminate the function calls that are for the built-in indicators, you're not left with much. Probably similar to Supercharts. I'm sure their marketing people make sure they're at least comparable with the sales leader. You can link to Excel and use VBA to program almost anything, but it's a pain in the ass to do this on more than a couple securities, i.e. as part of a daily routine on a large database. Plus, MetaStock frequently crashes when compute-intensive VBA code is run, so you have to first close Metastock, run the VBA code in Excel, copy the result to the clipboard, reopen MS, then paste. Since I'm not a big fan of VisualBasic, I'd rather develop the complex stuff in Matlab, Mathcad, or C, but still the seamless link isn't there to get back to Metastock, or to do this automatically on a large group of securities. This is not to say that I don't like Metastock overall. It has some good capabilities, but not enough. The data management/organization leaves a bit to be desired, but it's very solid if you stay within the main program. But then again, I don't know of any single program that has everything for a reasonable price. I never really looked into Tradestation because of the price, but if it's native programming language is powerful enough, and all the other things are there, it might be my only choice. Trouble is, 30 days isn't even close to enough time to evaluate such a complex package, especially when you have a day job. I wish they'd develop a Mathcad or Matlab for stocks. There's probably not a big enough market for it though. Another package called Investigator from Pinpoint strategies had some promise. I got it and M/S at the same time. It was lacking some features, but I spent many hours talking to the guy that wrote the code while I was evaluating it. If he gets everything developed that he want to include in it, it should be an excellent package. Its EXTREMELY fast for running system tests on a large universe of stocks because he manages memory/disk usage more efficiently that most. This was about 8 months ago, and I havn't checked back to see the status. I might have to do that. dh P.S. I've sent you a few emails over the past couple days with the Excel stuff, and some misc. stuff. Did you receive them? You never know with email!!!

To: HeyRainier who wrote (2)	1/16/1998 11:31:00 PM
From: big run	Read Replies (1) \| Respond to of 237

hi Rainier...I also us sc4. I've talked with some people who are also looking into doing what i think you are trying to do. i've spoken with one person who claims to be able to program in "dll" - i really don't know what the hell it is - but claim it works. as far as i know the only difference between sc and ts is the easy language module. sc uses quick editor while ts uses power editor. i've played with the demos on quite a few but still prefer the sc because it "feels" more comfortable to me and i believe all software will always fall short in one area or another. mike reicher

To: HeyRainier who wrote (2)	1/26/1998 11:37:00 PM
From: ftth	Read Replies (2) \| Respond to of 237

[Reaction Leg Volume] Indicators exist for cumulative total volume and for accumulation/distribution, by various definitions. However, none show the cumulative volume and accumulation/distribution characteristics during the various reactions that occur over the course of the longer term trend of the price plot. Such an indicator would allow one to view the power of a move relative to each reaction pivot point, i.e. the power during each leg of the reaction. The net accumulation/distribution relative to the total volume transacted during each leg of the price move can give insight into the "changing of the guard" between bulls and bears. This generally takes several reaction swings before one takes control from the other, and is more apparent (compared to the conventional methods) when the cumulative volume and accumulation/distribution is delineated on reaction pivot boundaries. Here's an example: geocities.com Brief explaination: Total cumulative volume is "cleared" (i.e. reset to zero) at each reaction pivot point, as is the accumulation/distribution plot. This allows the individual and comparative strength/divergence of these 2 volume indicators to be judged for the current leg of the trend only. Because it's reset to zero at each pivot, it also allows direct comparison between recent legs of the trend, wherein the volume accumulation "relative strength," relative to recent legs of the trend can also be judged. Still experimenting so give me some ideas. Comments????? Questions????? dh