StockFetcher Forums · Filter Exchange · The Awesome Oscillator<< >>Post Follow-up
Railwhore
69 posts
msg #44781
Ignore Railwhore
6/9/2006 1:45:21 AM

From barchart.com 's technical studies section - so don't flame me if its not so awesome! I apologize of this is already posted here.

Fetcher[
/* Awesome Oscillator */
set{a.1, high + low}
set{a.2, a.1 / 2}
set{awesome, cma(a.2,5) - cma(a.2,34)}
set{signal, cma(awesome,5)}

close > 12
volume > 2000000
avgvol(90) > 2000000
draw awesome
draw signal on plot awesome
add column awesome
]




nikoschopen
2,824 posts
msg #44783
Ignore nikoschopen
modified
6/9/2006 3:54:03 AM

Railwhore,

First, I would like to inform you that I have no intention of inciting flames against ure filter. I believe this forum can use different filters (as well as oscillators) to everyone's advantage. However, as you are aware, we've had some turbulent times in the market recently and I believe there is no better time than now for testing long filters. I personally believe that a good filter is one that can weather any storm in any time period. A "long" filter shouldn't be applicable only when the general market is experiencing a similar euphoria. Nor should a "short" filter work only in a downtrending market. Whether its a long or short filter, it should and must work in all markets with a varying degree of success. What I mean by a verying degree of success is that not only should a long filter have a higher success rate in a bull market, it should still be viable in the bear market. At the very least, it should shield you from the downside risk even if that means any upside reward may be limited.

Just my 2-cents, of course.



WALLSTREETGENIUS
983 posts
msg #44798
Ignore WALLSTREETGENIUS
modified
6/9/2006 12:12:12 PM

"so don't flame me if its not so awesome!"
_________________

Railwhore -

What....are you kidding?....who in their right mind would flame you? Well...don't answer that. Your filters and insight to this forum are LEGENDARY!!! In fact, I can't wait to dive into this filter. Seeing your post.....was like waking up on Christmas morning and flying to my tree! After I check out "Awesome", I hope you don't mind some Q & A......

Most likely your biggest fan,

- RIGGS -



TheRumpledOne
6,359 posts
msg #44801
Ignore TheRumpledOne
6/9/2006 12:39:56 PM

Railwhore:

That filter uses the MIDDLE: (HIGH + LOW)/2.

I guess I am NOT the only one who saw that pattern.

The diffence is the filter you posted is using the average of the middle, where I just use the middle.

I will have to look at the averages.

Thanks.


TheRumpledOne
6,359 posts
msg #44802
Ignore TheRumpledOne
6/9/2006 12:48:15 PM

Fetcher[
/* Awesome Oscillator */
set{a.1, high + low}
set{middle, a.1 / 2}
set{awesome, cma(middle,5) - cma(middle,34)}
set{signal, cma(awesome,5)}


draw awesome
draw signal on plot awesome
draw middle on plot close

add column awesome
add column middle

close > 12
volume > 2000000
avgvol(90) > 2000000
]



Using the close x middle is a faster trigger than using the awesome x signal.

But I guess it depends if you are daytrading vs. swingtrading.

I am just happy that someone else saw value in using the middle.

Thanks again.

MAY ALL YOUR FILLS BE COMPLETE.


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