StockFetcher Forums · Filter Exchange ·  Percentage Hughes AD Oscillator with 8 Parameters<< >>Post Follow-up
acfncp3
59 posts
msg #90725
Ignore acfncp3
4/2/2010 8:50:31 PM

I was reading a review of a book by Colby, Robert W., The Encyclopedia of Technical Market Indicators, Second Edition, McGraw-Hill Publishing, 2003 where he states that on page 52 and 53 he gives the results of an extensive study of all the technical indicators with 100 dollars and found how effective they were. The indicators that I am used to such as rsi stochastic, macd etc gave like a -1.6 to .18 times advantage over buy and hold. The Percentage Hughes AD Oscillator with 8 Parameters was 187 thousand times as effective. I tried to find some information on how this oscillator works but got no where. Has anyone here ever heard of it and if so can it be coded in SF. Or maybe Colby just wants us to buy his book.. It was interesting that all the normal TA indicators we use did so poorly in his results.

Thanks,

Bill

mystiq
650 posts
msg #90738
Ignore mystiq
4/3/2010 1:52:02 AM

http://www.tradingmarkets.com/.site/stocks/commentary/satinterview/10072005-46274.cfm

tomm1111
198 posts
msg #90764
Ignore tomm1111
4/4/2010 4:38:26 AM

It certainly is hyperactive as stated in the book. Not sure how this performs since the book was published.

http://books.google.com/books?id=SYWkGQawUgAC&pg=PA74&dq=percent+hughes&cd=2#v=onepage&q=percent%20hughes&f=false

Fetcher[
symlist(dia)

set{vara,ind(^advn,close)}
set{vard,ind(^decn,close)}
set{varu,ind(^uncn,close)}
set{var1,vara-vard}
set{var2,vara+vard}
set{var3,var2+varu}
set{var4,var1/var3}
set{var5,var4*100}
set{var6,var5+100}
set{var7, var6 1 day ago}
set{var8,cema(var7,12)}
set{var9,cema(var7,2)}
set{var10,cema(var7,8)}
set{var11,cema(var7,46)}
set{var12,var8*0.92}
set{var13,var9*1.04}
set{var14,var10*1.04}
set{var15,var11*0.92}

set{enter_long,count(var6 crossed above var12,1)}
set{enter_short,count(var6 crossed below var14,1)}
set{exit_short,count(var6 crossed above var15,1)}
set{exit_long,count(var6 crossed below var13,1)}

draw enter_long
draw exit_long on plot enter_long
draw enter_short
draw exit_short on plot enter_short
]



mystiq
650 posts
msg #90767
Ignore mystiq
4/4/2010 5:25:52 AM

.missing his point...the ema(5) crossover is the BEST.

chetron
2,817 posts
msg #90769
Ignore chetron
modified
4/4/2010 8:32:02 AM

mystic, you should have been able to write this one, but here you go..... = )


Fetcher[

/* MYSTIC'S HUGHES SYSTEM */

set{vbi,count(close crossed above ema(5),1)}
set{vss,count(close crossed below ema(5),1)}
set{vplays,vbi + vss}

draw ema(5)
draw vss on plot vbi

vplays above .5
do not draw vplays

close above .1
volume above 1000000

]





mystiq
650 posts
msg #90780
Ignore mystiq
modified
4/4/2010 12:37:03 PM

chetron
modified 4/4/2010 8:32:02 AM

mystic, you should have been able to write this one, but here you go..... = )


Fetcher[

/* MYSTIC'S HUGHES SYSTEM */

set{vbi,count(close crossed above ema(5) 1 day ago,1)}
set{vss,count(close crossed below ema(5)1 day ago,1)}
set{vplays,vbi + vss}

draw ema(5)
draw vss on plot vbi

vplays above .5
do not draw vplays

close above .1
volume above 1000000

]



you right..thx..just added the "...above ema(5) 1 day ago,..." if i'm not ?mistaken? :-)

chetron
2,817 posts
msg #90781
Ignore chetron
4/4/2010 1:03:36 PM

IT ALSO SAID, "EMA(5) CROSS IS THE BEST SIMPLE SYSTEM", NOT THE BEST SYSTEM. HUGHES IS THE BEST COMPLICATED SYSTEM

tomm1111
198 posts
msg #90789
Ignore tomm1111
4/4/2010 8:17:04 PM

Both are effective, but very different. The EMA is based on price and the Hughes is based on breadth. I think looking at different types of indicator can work together in the analysis.

StockFetcher Forums · Filter Exchange ·  Percentage Hughes AD Oscillator with 8 Parameters<< >>Post Follow-up

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