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FibCMO II
John Manasco wrote:

For Steve Karnish

Hi Steve,

I've been using your FibCMO to trade options on the QQQ for some time now and just wanted to say it's doing great. I put the buy line at -50 and it has been deadly accurate generating buy signals. The top line has been kinda iffy on generating sell signals but I'm working on refining that too. Went long Apr 206 calls yesterday and closed half at 216 for a good profit. The other half are now pretty cheap so I'll ride them for awhile.

Thanks again for a great indicator.
John Manasco

PS: Tomorrow is the annual St. Patty's day pub crawl and the aircraft carrier George Washington just pulled in and will be dumping 3500 sailors on thestreets. Bet most of them will be green by nightfall too!


-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Kenneth Adams
Sent: Friday, March 17, 2000 11:54 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: FibCMO


What is a FibCMO? Please and thanks. Ken

From: "Bob Jagow" <bjagow@xxxxxxx>
Reply-To: metastock@xxxxxxxxxxxxx
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: FibCMO
Date: Fri, 17 Mar 2000 13:00:39 -0800

Ken,

It's the composite CMO discussed in Chandre's book [see p110+] Chandre showed that the average of 3 CMOs approximates a volatility-based CMO; he suggested periods of 5,10,20. Steve's FibCMO uses 3,5,8 [among others?] and optimized buy/sell levels. I've pasted my MS version below.

Bob


num1:=Sum(ROC(C,1,$),3);
den1:=Sum(Abs(ROC(C,1,$)),3);
CMO1:=num1/(den1 + .00001);
num2:=Sum(ROC(C,1,$),5);
den2:=Sum(Abs(ROC(C,1,$)),5);
CMO2:=num2/(den2 + .00001);
num3:=Sum(ROC(C,1,$),8);
den3:=Sum(Abs(ROC(C,1,$)),8);
CMO3:=num3/(den3 + .00001);
100*(CMO1 + CMO2 + CMO3)/3; -20; 60;


RE: FibCMO

· To: <metastock@xxxxxxxxxxxxx>
· Subject: RE: FibCMO
· From: "Bob Jagow" <bjagow@xxxxxxx>
· Date: Tue, 4 Apr 2000 23:04:52 -0700
· Importance: Normal
· In-Reply-To: <20000405041056.47084.qmail@xxxxxxxxxxx>
· Reply-To: metastock@xxxxxxxxxxxxx
· Sender: owner-metastock@xxxxxxxxxxxxx

Looks like the fibs figured in Steve's terrific AMAT call today.

That is, the 8/13/21 CMO went from -17.5 to +4.3 today and the 3/5/8 from -71.6 to +2.0.

Bob

FWIW I decided ROC was just plain ugly and switched to Ref [pasted below].


FibCMO II

lenCMO1:= Input("1stCMO",1,99,3);
lenCMO2:= Input("2stCMO",1,99,5);
lenCMO3:= Input("3rdCMO",1,99,8);
num1:=Sum((C - Ref(C,-1)),lenCMO1);
den1:=Sum((Abs(C - Ref(C,-1))),lenCMO1);
CMO1:=num1/(den1 + .00001);
num2:=Sum((C - Ref(C,-1)),lenCMO2);
den2:=Sum((Abs(C - Ref(C,-1))),lenCMO2);
CMO2:=num2/(den2 + .00001);
num3:=Sum((C - Ref(C,-1)),lenCMO3);
den3:=Sum((Abs(C - Ref(C,-1))),lenCMO3);
CMO3:=num3/(den3 + .00001);
100*(CMO1 + CMO2 + CMO3)/3;
-20;
60;

 

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Ian Burgoyne
Sent: Wednesday, April 05, 2000 12:11 PM
To: metastock@xxxxxxxxxxxxx
Subject: RE: FibCMO

Have applied your version of FibCMO to a few securities and so far it looks good...

thanks for the code Bob.
Ian Burgoyne

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