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A clear divergence was detected on Dec6 for both pS and pM.
The pRS divergence has already anticipated the situation, pS and pM
divergences should be considered as confirmations.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
>
> The Relative Slope
> [ http://www.amibroker.com/library/detail.php?id=43 ]
> is usually a leading indicator and anticipates the future
movements.
> This interesting property emphasizes the directionality of the
market
> and the RelSlope composites peaks give a clear warning for the
> upcoming zM or zS peaks.
> The peak signal sometimes occurs 2 or 3 days BEFORE the zM or zS
> peak.
> Another very important issue : A zRS peak is never false, the zS,
zM
> peaks WILL ALWAYS follow .
> Example: One of the most significant zRS peak occurred on Jan12,
> 2004. The respective zS and zM peaks occurred on Jan14[two bars
> later] and Jan20 [five bars later] .
> The peak of the market was on Jan20...
> A zRS peak may be used for very premature exits [quick profit
taking].
> Since the zM and zS peaks WILL follow, it is not bad to wait for
> confirmation signals and enjoy the last part of the sweet trend.
> You may have a clear daily picture of the N100 market with
>
> // The main N100 turning points
> // by D. Tsokakis, Nov2004
> yS=DEMA(StochD(),20);
> zS=(yS>70)*BarsSince(yS<Ref(yS,-1));
> zzS=(yS<30)*BarsSince(yS>Ref(yS,-1));
> AddToComposite(zS,"~zS","V");
> AddToComposite(zzS,"~zzS","V");
> yM=DEMA(MACD(),10);
> zM= (yM>0) * BarsSince ( yM < Ref(yM,-1) );
> zzM = (yM<0) * BarsSince( yM > Ref(yM,-1) );
> AddToComposite(zM,"~zM","V");
> AddToComposite(zzM,"~zzM","V");
> // Anticipating the main N100 turning points
> K=EMA((H+L+C)/3,10);
> S1=2*(K-Ref(K,-1))/(K+Ref(K,-1));
> yRS=1000*EMA(S1,20);//smoothing
> zRS=(yRS>0)*BarsSince(yRS<Ref(yRS,-1));
> zzRS=(yRS<0)*BarsSince(yRS>Ref(yRS,-1));
> AddToComposite(zRS,"~zRS","V");
> AddToComposite(zzRS,"~zzRS","V");
> Buy=0;
>
> and the respective graphs
>
> // The anticipating zRS
> Plot(200,"",colorBlack,styledashed);
> Plot(500,"",colorBlack,styledashed);
> PER=5;
> p=DEMA(Foreign("~zRS","v"),PER);
> t=DEMA(Foreign("~zzRS","v"),PER);
> Plot(p ,"pRS",18,8);
> Plot(t ,"tRS",24,8);
>
> and
>
> // The zM
> Plot(200,"",colorBlack,styledashed);
> Plot(500,"",colorBlack,styledashed);
> PER=5;
> p=DEMA(Foreign("~zM","v"),PER);
> t=DEMA(Foreign("~zzM","v"),PER);
> Plot(p ,"pM",colorTurquoise,8);
> Plot(t ,"tM",colorPink,8);
>
> and
>
> //The zS
> Plot(200,"",colorBlack,styledashed);
> Plot(400,"",colorBlack,styledashed);
> PER=5;
> p=DEMA(Foreign("~zS","v"),PER);
> t=DEMA(Foreign("~zzS","v"),PER);
> Plot(p ,"pS",colorBrightGreen,8);
> Plot(t ,"tS",colorRed,8);
> CondP=Ref(p,-1)==HHV(p,3);CondT=Ref(t,-1)==HHV(t,3);
> p0=ValueWhen(CondP,Ref(p,-1));
> t0=ValueWhen(CondT,Ref(T,-1));
> PlotShapes(shapeCircle*(p0<Ref(p0,-1) AND Ref(p,-1)
>200),colorBlack);
> PlotShapes(shapeCircle*(t0<Ref(t0,-1) AND Ref(t,-1)
>200),colorWhite);
>
> Note that I have used 20-bar smoothing for the super-fast yRS.
> Faster smoothing would anticipate the upcoming zS, zM peaks by MANY
> bars [more than 5 !!] and I think it is dangerous [or at least
> useless...].
> It is better to "know" 1-2 days before and prepare your movements,
5-
> 6 days is too much.
>
> Dimitris Tsokakis
>
> --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx>
> wrote:
> >
> > Both codes try to answer the same question :
> > When the market is bullish, how many CONSECUTIVE bars is the
> > indicator ascending ?
> > Add these numbers and plot the result.
> > For the complementary lines, when the market is bearish we search
> for
> > the # of the CONSECUTIVE descending bars.
> > I hope the logic is simple.
> > The results give a quite accurate description of the market
[thanks
> > to the always existing DIRECTIONALITY] without significant lag.
> > Dimitris
> > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
> <TSOKAKIS@xxxx>
> > wrote:
> > >
> > > Another pair of lines may come from the respective MACD study.
> > > Scan the N100 database, for all quotations, with
> > >
> > > // The main N100 turning points, II
> > > // by D. Tsokakis, Nov2004
> > > y=DEMA(MACD(),10);
> > > z= (y>0) * BarsSince ( y < Ref(y,-1) );
> > > zz = (y<0) * BarsSince( y > Ref(y,-1) );
> > > AddToComposite(z,"~z1","V");
> > > AddToComposite(zz,"~zz1","V");
> > > Buy=0;
> > >
> > > to create the composites.
> > > Then plot the results with
> > >
> > > Plot(220,"",colorBlack,styledashed);
> > > Plot(500,"",colorBlack,styledashed);
> > > PER=5;
> > > p=DEMA(Foreign("~z1","v"),PER);
> > > t=DEMA(Foreign("~zz1","v"),PER);
> > > Plot(p ,"p",colorTurquoise,8);
> > > Plot(t ,"t",colorPink,8);
> > >
> > > The turquoise peaks give the peaks of the market.
> > > A divergence with the price chart would give more emphasis.
> > > The pink peaks give without significant lag the market troughs.
> > > These MACD lines may be combined with the respective StochD
lines
> > for
> > > mutual confirmation.
> > > See also
> > > http://www.elitetrader.com/vb/attachment.php?s=&postid=634590
> > >
> > > Dimitris
> > > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
> > <TSOKAKIS@xxxx>
> > > wrote:
> > > >
> > > > The green peaks give premature exit points.
> > > > When followed by a lower green peak [divergence] give
important
> > > exit
> > > > points !
> > > > [black circle]
> > > > The respective red peaks give premature entries.
> > > > If a divergence occurs [white circle] then some great entries
> are
> > > > predicted.
> > > > [Oct8, 2002-March24, 2004-Aug11, 2004 etc]
> > > > Run for the N100 database, all quotations the
> > > >
> > > > // The main N100 turning points, by D. Tsokakis, Nov2004
> > > > y=DEMA(StochD(),20);
> > > > z=(y>70)*BarsSince(y<Ref(y,-1));
> > > > zz=(y<30)*BarsSince(y>Ref(y,-1));
> > > > AddToComposite(z,"~z","V");
> > > > AddToComposite(zz,"~zz","V");
> > > > Buy=0;
> > > >
> > > > to create the composites.
> > > > Then see the graphs with
> > > >
> > > > Plot(200,"",colorBlack,styledashed);
> > > > Plot(400,"",colorBlack,styledashed);
> > > > PER=5;
> > > > p=DEMA(Foreign("~z","v"),PER);
> > > > t=DEMA(Foreign("~zz","v"),PER);
> > > > Plot(p ,"p",colorBrightGreen,8);
> > > > Plot(t ,"t",colorRed,8);
> > > > CondP=Ref(p,-1)==HHV(p,3);
> > > > CondT=Ref(t,-1)==HHV(t,3);
> > > > p0=ValueWhen(CondP,Ref(p,-1));
> > > > t0=ValueWhen(CondT,Ref(T,-1));
> > > > PlotShapes(shapeCircle*(p0<Ref(p0,-1) AND Ref(p,-1)
> > > >200),colorBlack);
> > > > PlotShapes(shapeCircle*(t0<Ref(t0,-1) AND Ref(t,-1)
> > > >200),colorWhite);
> > > >
> > > > The signal for the most recent green peak was known after the
> > Nov18
> > > > close.
> > > > It was equivalent to Sell at Nov19 open !
> > > > [A probable lower green peak above 200 will signal the end of
> the
> > > > recent uptrend...]
> > > >
> > > > Dimitris
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