"I plot the LT indicator as a light, dashed line, the MT indicator as
a dark, black solid line, the ST indicator as a dark, red, solid
line, and the ST indicator again, as a dark, red, histogram"
What I meant to say was;
"I plot the LT indicator as a light coloured, dashed line, the MT
indicator as a dark, red, solid line, the MT indicator again, as a
dark, red, histogram, and the ST indicator as a dark black solid
line".
Regds
Gerard
--- In [email protected], "Gerard Carey" <[EMAIL PROTECTED]>
wrote:
>
> My pleasure.
> Steve Karnish combined LinRegSlope with Stochastic Momentum
> and True Strength, all being momentum indicators in their own
right.
> Steve used fibonacci numbers in his formula.
> I haven't. Not intentionally anyway.
>
> From memory, and Steve posted on this list a year or two ago, he
> likes to use his indicator on less volatile stocks/whatever to
catch
> medium-term trend moves.
> My intention was to use it to catch short-term trends using EOD
data.
> While I have not experimented with intraday I see no reason why a
> version could not be used.
> Momentum occurs in all markets and time frames.
> I'm a momentum freak. I'm not AFL proficient by any means.
>
> The important thing in my mind is to find a momentum indicator,
> displaying upthrusts and retreats, that CORRESPONDS to trend line
> breaks on the price chart.
>
> I first plot long-term, medium-term, and short term trend lines on
> the price chart in different colours.
> Then I note where trend lines (in all three time frames) are
violated
> by price.
> Next I manipulate a (possible) momentum formula for each time frame
> until I get a match.
>
> I plot the LT indicator as a light, dashed line, the MT indicator
as
> a dark, black solid line, the ST indicator as a dark, red, solid
> line, and the ST indicator again, as a dark, red, histogram.
>
> Now I've got my Market Momentum Map which I use as described in my
> original post.
>
> Now, the important question.
> Is this a good momentum indicator. You bet.
>
> Is it one of a kind, in its mathematical construction?
> I have many others that display very similar results.
>
> AB is the hero here in enabling a graphical display from which a
> comprehensive understanding of the market can be obtained at a
glance.
> Even by a drongo like me.
>
> Thanks again TJ
>
> Regds
> Gerard
>
> ps. Apologies if this explanation got a little long.
>
> --- In [email protected], "cstrader232" <cstrader232@>
> wrote:
> >
> > Yes, very interesting.... is the Kaleidoscope known to be better
> for some timeframes or markets than others?
> >
> > thanks!
> > ----- Original Message -----
> > From: Steve Dugas
> > To: [email protected]
> > Sent: Friday, May 12, 2006 2:01 PM
> > Subject: Re: [amibroker] Trading the Kaleidoscope
> >
> >
> > Very nice work Gerard - thank you for sharing!
> >
> > Steve
> >
> > ----- Original Message -----
> > From: "Gerard Carey" <gcfinance@>
> > To: "AB Yahoo group" <[email protected]>
> > Sent: Friday, May 12, 2006 3:00 AM
> > Subject: [amibroker] Trading the Kaleidoscope
> >
> >
> > // Trading the Kaleidoscope
> > // Developed by Gerard Carey from Steve Karnish's "CCT
> Kaleidoscope"
> >
> > /* This formula was developed to signal short-term trend changes
> > in the direction of the CONFIRMED Medium-Term trend - thus
giving
> both
> > long and short opportunities.
> > See the attachment.
> >
> > The red histogram plots the MT trend as being up (above zero
line)
> > or being down (below zero line).
> > The black line plots the ST trend in the same manner.
> >
> > /* The long entry is signalled when the red Histogram is ABOVE
> zero and
> > the black ST line, after dipping below the zero line, reverses
> back up
> > (green arrow).
> > Likewise, the Short entry is signalled when the red Histogram
is
> BELOW
> > zero and the black ST line, after rising above the zero line,
> reverses
> > back down (red arrow). */
> >
> > // NB. Exits are NOT sigalled. As usual, signals appear more
> reliable in
> > less volatile markets.
> >
> > // Trading the Kaleidoscope
> > CA=LinRegSlope(C,5)
> > + 100 * ( EMA( EMA( C - Ref( C, -1 ) ,2 ) ,5)
> > / EMA( EMA( abs( C - Ref( C, -1) ),2 ), 5 ) )
> > +100 * ( EMA( EMA( C - (0.5 * ( HHV(H,13) + LLV(L,13))),2),5)
> > / (0.5 * EMA( EMA( HHV(H,13) - LLV(L,13),2),5 ) ) );
> >
> > CB=LinRegSlope(C,5)
> > + 100 * ( EMA( EMA( C - Ref( C, -1 ) ,2 ) ,25)
> > / EMA( EMA( abs( C - Ref( C, -1) ),2 ), 25) )
> > +100 * ( EMA( EMA( C - (0.5 * ( HHV(H,13) + LLV(L,13))),2),25)
> > / (0.5 * EMA( EMA( HHV(H,13) - LLV(L,13),2),25) ) );
> >
> > Plot(CA,"Trading the Kaleidoscope",1,4);
> > Plot(CB," Child",4,4);
> > Plot(CB,"",4,2+4);
> > Plot(0,"",4);
> >
> > CondA= CB>0 AND (CA<0 OR Ref(CA,-1)<0) AND CA>Ref(CA,-1)
> > AND Ref(CA,-1)<Ref(CA,-2) ;
> > PlotShapes( shapeSmallUpTriangle*CondA, 5,L,-100) ;
> >
> > CondB= CB<-0 AND (CA>0 OR Ref(CA,-1)>0) AND CA<Ref(CA,-1)
> > AND Ref(CA,-1)>Ref(CA,-2) ;
> > PlotShapes( shapeSmallDownTriangle*CondB, 4,H,100);
> >
> > --
> > http://www.fastmail.fm - And now for something completely
> different.
> >
> >
> >
> >
> > Please note that this group is for discussion between users
only.
> >
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> >
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> >
> >
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> >
> >
> >
> >
> >
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> >
> >
> >
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> >
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> >
> >
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