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Thank you for your reply. BTW, what do the zero values at the top
indicate?
ron
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx> wrote:
> There are explanations after the // for many lines.
> --- In amibroker@xxxxxxxxxxxxxxx, "rmortonmd" <ronmd@xxxx> wrote:
> > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
> > Dimitris,
> > As a newbie to this program, I have seen a variety of
interesting
> > indicators and find this one to be most intriguing. I have
several
> > questions about this particular indicator: (1) there are 7 equal
> > signs 3 of which have values different than 0 and I was
wondering
> > what they indicated and if it were possible to label them in the
> > program. (2) There are 3 curves, a yellow one, black one and
one
> > that alternates between red and green, I assume that the last
curve
> > indicates buy and sell signals but what are the other two?
Again,
> > is it possible to label these (in the comments section would be
> > fine).
>
> Plot(x,"",1,8);// fast trend detector, BLACK
> Plot(xA,"",7,8);// slow trend detector, YELLOW
> x1=DEMA(StochD(40),t1);// the variable trend detector, GREEN-RED
> The last line is GREEN for bullish trends and RED for bearish
trends.
> Buy/sell signals need more requirements.
> Green/Red bars at 50 gives the start and the end of the fast
uptrend.
> Note that colours may change in your graph according to your
> preferences selection. In my colour pallete, 1 is black, 4 is red,
5
> is green and 7 is yellow.
> DT
> > Thank you,
> > ron
> > <TSOKAKIS@xxxx> wrote:
> > > Thank you for your comments.
> > > It is not complete yet, I have to check a lot. I hope it will
be
> > > simple at the end...
> > > DT
> > > --- In amibroker@xxxxxxxxxxxxxxx, "goldwing01"
<GOLDWING01@xxxx>
> > > wrote:
> > > > Thank you Dimities nice piece of work with TREND DETECTOR. I
> can
> > > see
> > > > what you are doing thanks.
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "Dimitris Tsokakis"
> > > <TSOKAKIS@xxxx>
> > > > wrote:
> > > > > Some uptrends are sustainable for more than 10-20 days.
> > > > > A fast trend detector, like DEMA(StochD(40),20) would buy
at
> > B0
> > > and
> > > > sell at S0.
> > > > > The very next days it would force the trader to follow the
> > > > undesirable whipsaws W1, W2 and probably loose
> > > > > a part of the B0/S0 profits.[see the black line]
> > > > > A slow trend follower like DEMA(StochD(40),50) would start
at
> > B1
> > > > [missing the interesting first 7 bars]
> > > > > and stop at S1[6 bars after the actual end of the trend].
The
> > use
> > > > of the slow period helps to avoid whipsaws but expose the
> profits
> > > > > to a probable dramatic decrease after the actual peak. If
the
> > > start
> > > > of the trend was sharp with the well known gap ups
> > > > > then the remaining profits would not be similar to this
great
> > > trend.
> > > > [see the yellow line].
> > > > > The technical analyst wish would be
> > > > > 1. to begin ASAP,
> > > > > 2. avoid the whipsaws and
> > > > > 3. get out as closer to the actual peak.
> > > > > It is the basic T/A problem with almost any indicator and
> here
> > is
> > > a
> > > > solution proposal : the variable smoothing.
> > > > > Begin with the fast indicator and, as the trend goes on,
> > increase
> > > > smoothing factor adding +1 delay per bar.
> > > > > If the trend holds for 20 bars, the beginning would be
per=20
> > and
> > > > today you would run a per=40.
> > > > > If the trend stops for any reason, sharply back to per=20
to
> > > begin
> > > > another, bearish cycle.
> > > > > The result is the ENTRY/EXIT of the att. ^NDX gif
> > > > > Paste in your IB the
> > > > >
> > > > > /*TREND DETECTOR WITH VARIABLE PERIOD, by D. Tsokakis,
> > Apr2003*/
> > > > > t=20;// the initial fast period
> > > > > x=DEMA(StochD(40),t);
> > > > > Plot(x,"",1,8);// fast trend detector
> > > > > tA=50;// slow period
> > > > > xA=DEMA(StochD(40),tA);
> > > > > Plot(xA,"",7,8);// slow trend detector
> > > > > Cond1=Ref(x,-1)==LLV(x,3);
> > > > > Plot(50*Cond1,"",5,2);// the start of the fast uptrend
> > > > > Cond2=Ref(x,-1)==HHV(x,3);
> > > > > Plot(50*Cond2,"",4,2);// the end of the fast uptrend
> > > > > k1=BarsSince(Cond1);// uptrend bar counter
> > > > > k2=BarsSince(Cond2);// downtrend bar counter
> > > > > Plot((k2>k1)*10,"",5,2);
> > > > > Plot((k2<k1)*10,"",4,2);
> > > > > t1=IIf(k2>k1,t+k1,t+k2);// the variable period
> > > > > x1=DEMA(StochD(40),t1);// the variable trend detector
> > > > > Plot(x1,"",(x1>Ref(x1,-1))*5+(x1<Ref(x1,-1))*4,8);
> > > > > GraphXSpace=1;
> > > > >
> > > > > The method accepts further calibration if you replace t1
with
> > > > > coeff=0.5; // delay calibration, set coeff from 0.5 to 1.5
> > > > > t1=IIf(k2>k1,t+coeff*k1,t+coeff*k2);// the calibrated
> variable
> > > > period
> > > > > according to your needs.
> > > > > The DEMA smoothing gives very reliable results and accepts
> > > variable
> > > > periods by design.
> > > > > Dimitris Tsokakis
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