Padhu, good...glad to see you did some work to dig up the formulas. I would
also mention that the artical on MAM is worth reading if you want to see why
Rudy developed the indicator.
Here is my AFL for MAM: try different momentum periods...
/* Most Anchored Momentum, MAM
by Rudy Stefenel 11/26/2001 */
MomPer = 21;
//Graph0 = 100*(Close/MA(Close, (2*MomPer) +1) -1);
Plot( 100*(Close/MA(Close, (2*MomPer) +1) -1), "MAM 21", colorDarkRed, style =
styleLine, minvalue = Null, maxvalue = Null );
Plot ( 0, "", colorDarkBlue, style = styleLine) ;
/* This indicator is essentially an unbounded version of RSI without some of
the problems caused by historical data
dropping off the beginning of the observed period.
The unbounded nature of MAM makes it useful for observing divergences at
extremes of the indicator that normally
do not appear with RSI. This behavior is similar to CCI (also unbounded)
without the volatility of CCI.
I find it superior to RSI in all circumstances...Trader*
Padhu <[EMAIL PROTECTED]> wrote:
Thanks. Pasted below is the MS version.
I will try to code this and see. If anyone beats me, feel free post the AFL.
The four indicators presented in Rudy Stefenel's article this month,
"Anchored momentum," can be easily recreated in MetaStock. First, choose
Indicator Builder from the Tools menu. If you have MetaStock 6.5, enter the
following formulas: General Anchored Momentum with Exponential Smoothing
MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
EmaPer := Input("Exponential Moving Average Periods",1,1000,7);
100 * ((Mov(CLOSE, EMAPer, E) / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)/2) -
MomPer)) - 1)
General Anchored Momentum
MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
100 * ((CLOSE / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)/2) - MomPer)) - 1)
Most Anchored Momentum with Exponential Smoothing
MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
EmaPer := Input("Exponential Moving Average Periods",1,1000,7);
100 * ((Mov(CLOSE, EmaPer, E) / Mov(CLOSE, (2 * MomPer) + 1, S) ) - 1)
Most Anchored Momentum
MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Moving Average Periods",1,1000,7);
100 * ((CLOSE / Mov(CLOSE, (2 * MomPer) + 1, S) ) - 1)
Drag any of the above indicators from the Indicator QuickList to the desired
chart. MetaStock 6.5 will prompt you to enter values for the specified
parameters. If you have an earlier version of MetaStock, you will need to enter
values in the following formulas instead of using the MomPer, SmaPer and EmaPer
variables.
General Anchored Momentum with Exponential Smoothing
100 * ((Mov(CLOSE, EMAPer, E) / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)/2)-
MomPer)) - 1)
General Anchored Momentum
100 * ((CLOSE / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)/2) - MomPer)) -1)
Most Anchored Momentum with Exponential Smoothing
100 * ((Mov(CLOSE, EmaPer, E) / Mov(CLOSE, (2 * MomPer) + 1, S) ) - 1)
Most Anchored Momentum
100 * ((CLOSE / Mov(CLOSE, (2 * MomPer) + 1, S) ) - 1)
----- Original Message -----
From: Sidney Kaiser
To: [email protected]
Sent: Monday, December 03, 2007 10:16 AM
Subject: Re: [amibroker] Does any have suggestions on a good Oscillator ?
Take a look at MAM, most anchored momentum, by Rudy Stefenel. It is a
modification of RSI to reduce the effects of old data dropping out of the
calculation and affecting the current value. It is also better near tops and
bottoms as it is not range restricted.
You should be able to Google "most anchored momentum" or Rudy's name to get
information on the details.
Sid
Ton Sieverding <[EMAIL PROTECTED]> wrote:
If so please let me know ...
Regards, Ton.
----- Original Message -----
From: Padhu
To: [email protected]
Sent: Monday, December 03, 2007 2:25 PM
Subject: [amibroker] Does any have suggestions on a good Oscillator ?
Has anyone done any study on various Osciallators out there and which one
works better with less whipsaws... RSI,Stochastics,CCI, anything else?
Thanks,Padhu
