Get it from

http://www.forestbergen.com/download/Metastock/MasteringMetaStock10_CH6-RMO.pdf

regards

wabbit:

... Swingtrd 1 is the core of the system and is identical to the Rainbow Oscillator:

Swingtrd 1 = Rainbow Oscillator
Swingtrd 2 = 30 EMA of Rainbow Oscillator
Swingtrd 3 = 30 EMA of 30 EMA of Rainbow Oscillator
Rahul Mohindar Osc (RMO) = 81 EMA of Rainbow Oscillator


wabbit

Hi wabbit,

 Congratulations for RMO's comprehensive explanation.

But which oscillator is used in the Exit Swing Signal?

Thanks,

Nickless

I have cleaned out most of my old RMO stuff....  it never worked for me, so I never used it...

The Exit Swing Signal code is password protected, and it has one other catch that prevents it from being fully analysed (see: http://forum.equis.com/forums/thread/21938.aspx)

From what I can gather, the exit swing signal is not based on the entries, but is somehow volatility based.  There is a lag in the indicator akin to the RSI and the patterns are very similar to the RSI, so I will guess it uses this in its calculations?

(I am pretty positive I did some other work on this at some time, but cannot seem to find it?  I might have it somewhere on my computer or I might have posted it, so do a thorough search of the Forum and see what you can find?  Let's just say for now, I don't know where it is!)

Anyway, the instruction manual says of the "Exit Swing Indicator":

This should not be used immediately after taking a trade.
Mr. Mohindar recommends using the Exit Swing Indicator only after you have entered a trade and are profitably trending. He suggests partially exiting when you achieve an intermediate financial goal/target (such as break-even), and then using this indicator to trail your stops and/or exit at better levels.

The Exit Swing indicator is lesser used and is recommended for fast profit
taking and to active traders.

Anything that comes with such an "ominous" warning does not rate highly in my books!


Hope this helps.

wabbit

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MS: 6.52 EOD, 7.x EOD, 8.0 PRO, 9.2 PRO w/QC, 10 PRO w/QC & MDK
For custom MetaStock programming : http://www.wabbit.com.au
My SkyPE status :
My SkyPE account : wabbit.com.au

I've read these alerts related to the Exit Signal in "Mastering Metastock" manual. Too many exemptions for my taste also.

Thanks,

Nickless

I was doing some digging in my old RSI stuff file and came across this.  Its not EXACTLY the same as the exit swing but its pretty darn close!  Try fiddling with the values a bit and see if you can get an exact match.  I think the periods of 10 matches the Rainbow oscilator, so any differences will be in the RSI length and the MA length, or a combination of both?

I added the 25 and 75 lines to make this plot look the same as the other one, but at least you can use the FmlVar() with this code!

Code:

x:=RSI(14); prd:=10; smooth:=3; num:=x-LLV(x,prd); den:=HHV(x,prd)-LLV(x,prd); ind:=Mov(100*num/den,smooth,S); {plot/return} 25;75;ind;

Hope this  helps.

wabbit

---

MS: 6.52 EOD, 7.x EOD, 8.0 PRO, 9.2 PRO w/QC, 10 PRO w/QC & MDK
For custom MetaStock programming : http://www.wabbit.com.au
My SkyPE status :
My SkyPE account : wabbit.com.au

I suppose I should have included a DBZ error check, it's bad practice not to...

Code:

x:=RSI(14); prd:=10; smooth:=3; num:=x-LLV(x,prd); den:=Max(HHV(x,prd)-LLV(x,prd),0.00001); ind:=Mov(100*num/den,smooth,S); {plot/return} 25;75;ind;

wabbit

---

MS: 6.52 EOD, 7.x EOD, 8.0 PRO, 9.2 PRO w/QC, 10 PRO w/QC & MDK
For custom MetaStock programming : http://www.wabbit.com.au
My SkyPE status :
My SkyPE account : wabbit.com.au

wabbit:

Code:

x:=RSI(14); prd:=10; smooth:=3; num:=x-LLV(x,prd); den:=Max(HHV(x,prd)-LLV(x,prd),0.00001); ind:=Mov(100*num/den,smooth,S); {plot/return} 25;75;ind;

wabbit

wabbit,

I've tried some combinations of RSI period, prd, smooth and moving average type.
I've also considered that the first exit signal bar occurs in the 24th bar of the original stock chart.
The best match I've found was with:
RSI (13)
prd=10
smooth=3
moving average type: simple

It's a best match, not a perfect fit.

Thanks for your help.

Nickless

Thank you Hayseed.  reckon I must have overlooked your reply to my enquiry, yes I've got the spiral-bound manual & yes, found out everything & more!

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amory