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Filter Exchange · Dynamic Momentum Index??
nikoschopen
msg #33041
8/28/2004 7:21:35 PM

Would anyone care to formulate a filter for the Dynamic Momentum Index? The formula for the DMI is as follows (in reference to http://www.equis.com/Support/Formulae.aspx?Id=19)...



Dynamo = Mc - ( MAo - O )

where:

Mc = the midpoint of the oscillator

MAo = a moving average of the oscillator

O = the oscillator
This concept can be applied to most any oscillator to improve its results.

For example, applying the Dynamo Oscillator to a 5-period %K slowed 3 periods Stochastic Oscillator would give:

50-(Mov(Stoch(5,3),21,S)-Stoch(5,3))

where:

Mc = Stochastic Oscillator's midpoint = 50

MAo = Moving average of the Stochastic = Mov(Stoch(5,3),21,S

O = Stochastic Oscillator = Stoch(5,3)
This example applies it to an RSI oscillator:

50-(Mov(RSI(14),21,S)-RSI(14))

where:

Mc = RSI's midpoint = 50

MAo = Moving average of the RSI = Mov(RSI(14),21,S

O= RSI Oscillator = RSI(14)


General Discussion · Backtesting
nikoschopen
msg #33026
8/27/2004 4:44:42 PM

Thx Rob...you made that very clear for me to understand...I will do as you advise


General Discussion · Backtesting
nikoschopen
msg #33010
8/26/2004 10:06:33 PM

Allow me to repeat...

I'm new to logical operators, and would like some clarification in everyday language. For instance, in the first set you're dividing today's price by price 65 days ago. But why is today's price necessary when in fact Dick wants a date-specific result in the past? Also suppose that today's price is less than price 65 days ago, which would return a result less than 1, and plugging this into your second set, which would return a negative number. How would StockFetcher be able to interpret this? Would it screen only the positive results, or both? Would you need to specify the parameters further in order to quantify the result for only that particular set of rules? Sorry if this sounds too trivial...but more questions to come later.


General Discussion · Backtesting
nikoschopen
msg #33009
8/26/2004 9:58:55 PM

I'm new to logical operators, and would like some clarification in everyday language. For instance, in the first set you're dividing today's price by price 65 days ago. But why is today's price necessary when in fact Dick wants a date-specific result in the past? Also suppose that today's price is less than price 65 days ago, which would return a result less than 1, and plugging this into your second set, which would return a negative number result...and I would think this wouldn't fetch any stock, provided that y


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