Hi Barry,
As you can see the Predictor's line leads the main line because the
momentum(or double momentum) is added to the main line. Also it's the
main reason of overshooting. You can change the Predictor's amplitude
by means of PredictMult value(0...1).
How to use this indicator:
-Try to apply Signal line to the Predictor (SignalMode=1) and you'll
receive leading signal for turning points.
-Try to compare PolyFitPredictor with PredictMode=1 and PredictMode=2.
With the last you receive earlier signal.
More info about this technique you can find here
http://www.mesasoftware.com/Seminars/PREDICT.ppt
Important: I've uploaded fixed version of PolyFitPredictor (v1.1).
Best Regards,
Igor
--- In TrendLaboratory@yahoogroups.com, "Barry Seeger" <bseeger@...>
wrote:
>
> Hi Igorad,
>
> Thanks for your new PolyFitPredictor. I have looked at it on a
chart and I
> see that it has a yellow line, a green line and a dashed red line
which look
> like 3 MA's.
>
>
>
> I also see that the yellow line can lead the closing price of the
current
> bar - if price is going up, the yellow line will eventually be
above the
> close of the current bar, unlike MA's. This means that late in a
trend it
> points towards future price, but at tops and bottoms it overshoots.
>
>
>
> I'm not sure how I would use it - have you given thought to trading
rules
> for it?
>
>
>
> Barry
>
>
>
> _____
>
> From: TrendLaboratory@yahoogroups.com
> [mailto:TrendLaboratory@yahoogroups.com] On Behalf Of igorad2003
> Sent: Friday, 23 November 2007 9:58 PM
> To: TrendLaboratory@yahoogroups.com
> Subject: [TrendLaboratory] Predictive Tool.
>
>
>
> Hi,
> I think each trader dreams about some predictive indicator, besides it
> should be smoothed and go before price(or main line).
> So I've decided to develop something which could meet these
> requirements.
> Please try to use my new tool - PolyFitPredictor.
> This indicator has Predictor line (yellow by default) with following
> formula:
> - for 1st Order(PredictMode=1):
> Predictor = Poly + Mult*(Poly - Poly[1])
> - for 2nd Order(PredictMode=2):
> the same formula but for Predictor instead Poly,
>
> where Mult(PredictMult) - Amplitude Multiplier(0...1)
>
> Also in the indicator you can find Signal(Trigger) line which can be
> applied to Poly (SignalMode=0) or Predictor(SignalMode=1).
>
> To Agustin:
> Sorry I have not any experience with Fisher_Yur4ik_v2 and Waddah Attar
> Explosion, but I know 1st is wrong coded indicator, 2nd is combination
> of MACD and Standard Deviation with some controversial points.
>
> CCI is one of the most popular indicators and I know that Strategic
> Swiss Trading System by Chuck Le Beau uses CCI(20) with triggers at
> 170/-170 as main signal without any other filters
> (http://www.tradercl <http://www.traderclub.com/systems_strategic.htm>
> ub.com/systems_strategic.htm).
>
> Best Regards,
> Igor
>