I will close the long trade in UYM (XLB model). At the close yesterday this trade had a return of 2.59%.
I will open a new long trade in SMN because the XLB signal is now "Shorted Overbought".
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I will close the long trade in UYM (XLB model). At the close yesterday this trade had a return of 2.59%.
I will open a new long trade in SMN because the XLB signal is now "Shorted Overbought".
pdp,
my charts show completely different atr3 values than what you are showing in your table. for example, atr3 on XLB is .2925 on my chart. can you explain?
thanks,
lisa
Lisa,
Maybe I did not explain this enough.
The ATR that I display in the table is the ATR of the instrument that my back test environment uses for its calculations.
For the XLB model, I use UYM as instrument in the simulations both for long and short trades.
Logically a short trade can be perfomed with shorting that instrument or issuing a long trade with the inverted instrument.
My back test environment always goes short when a short signal is given.
The ATR in the table for the XLB-model is therefore the ATR of UYM (even for short trades).
I personally use a long SMN trade for XLB short signals. The ATR for this instrument/trade I calculate for myself.
I hope this makes it clearer.
PdP
pdp,
perfect, thanks for clarifying. my ATR3 of UYM is still slightly different at .6533, but close enough for me to follow along visually.
thanks again,
lisa
I use Metastock to calculate me the ATR values. In fact, I export all my stock quote data from MetaStock into my custom database.
I have noticed that the ATR calculation of MetaStock is a little bit different then when compared to StockCharts or other tools. I consider that difference negligible.
[QUOTE=lisa;23520]pdp,
perfect, thanks for clarifying. my ATR3 of UYM is still slightly different at .6533, but close enough for me to follow along visually.
thanks again,
lisa[/QUOTE]
PdP and Lisa,
Do you calculate your own ATR(3) or do you get it from a website ( such as Freestockcharts) ?
Trev
[QUOTE=manucastle;23522]PdP and Lisa,
Do you calculate your own ATR(3) or do you get it from a website ( such as Freestockcharts) ?
Trev[/QUOTE]
trev,
mine is just calculated by think or swim. i did check to see if it was automatically modified by the program but appears that it is not. actually, i just found the difference. my plain ATR3 gives a value of .6533 but the wilder ATR3 gives .7385. i'll change my screen to be the wilder atr to match pdp's system.
lisa
[QUOTE=lisa;23523]trev,
mine is just calculated by think or swim. i did check to see if it was automatically modified by the program but appears that it is not. actually, i just found the difference. my plain ATR3 gives a value of .6533 but the wilder ATR3 gives .7385. i'll change my screen to be the wilder atr to match pdp's system.
lisa[/QUOTE]
Thanks Lisa.
Just checked Stockcharts ATR3's and they folow closely PdP's.
Trev
no changes in signals nor trades
No changes in signals nor trades.
The 14MA of the S&P500 started to go down yesterday. This is one of the conditions for the VSTpro to go short. Nothing to be sure of at this moment but anything can happen.
I guess everyone is waiting for Uncle Ben to speak the right words...