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--- In amibroker@xxxxxxxxxxxxxxx, ricko@xxx wrote:
>
> Brian
> Thanks for you interest in this.
> Your indicator is not quite what I had in mind.
>
That's alright - it was just a starting point.
The hard part with working with someone else is understanding the
idea behind what they want to do - implementing it shouldn't be too
hard.
> Rather than bands, I was looking for one trend line that plotted
below the bars while in an uptrend, (x% below the Highest close of
the lookback period - the period increases each bar until the cross)
and when the bars crossed the trend line at the start of a downtrend,
it would jump up and plot above the bars (again, x% above the lowest
close).
>
> There is a website at
> http://konkop.narod.ru/Files/4_24_28.pdf
> which is all in Russian (which I don't understand) but there is a
picture on page 2 . It is the red line that I mean.
>
> Also, QuoteTracker has the "Percentage Trend Indicator" which can
be applied to charts. This is what I am after.
I can't get much from the Russian site.
Their line doesn't appear to support the 'trend' as you are
suggesting - their plot looks more like a zig-zag indicator as
the 'trend' lines are cutting the bars.
I'll do a bit more with it over the next few days and add to the
existing Hi/Lo indicator post - sorry but I doubt if I can achieve
exactly what you want without more information.
I don't mind trying to help.
I learn things and it makes an interesting post for the UKB.
Cheers,
brian_z
> ----- Original Message ----
> From: brian_z111 <brian_z111@xxx>
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Tuesday, November 20, 2007 8:48:04 AM
> Subject: [amibroker] Re: Struggling to Learn
>
> Rick,
>
> I made a start with your indicator (you have your own personal page
> at the UKB - one of the perks of being an author is free space -
> thanks Tomasz).
>
> If you can tell me, in reference to the drawing what is the first
buy
> and sell signal you want on that chart (the signal line isnt a
> problem I will just move it down whatever percent you want ).
>
> Look for Rick Osborne's Indicator at
>
> http://www.amibroke r.org/userkb/ category/ uncategorized/
>
> brian_z
>
> --- In amibroker@xxxxxxxxx ps.com, ricko@ wrote:
> >
> > Yes, except that at point 3 the close would cross below the line
> (trend) and a sell signal would occur.
> > I also want to plot the line (trend).
> >
> > GP - you mentioned that "values Uptrend, Downtrend, Crossup,
> Crossdown, HV, and LV
> > are all generated using only the initial values of Trend and
> Period.".
> >
> > But I thought defining them before the loop created arrays that
> could then be accessed in the loop.
> >
> >
> > Rick Osborn
> >
> >
> >
> > ----- Original Message ----
> > From: brian_z111 <brian_z111@ ...>
> > To: amibroker@xxxxxxxxx ps.com
> > Sent: Tuesday, November 20, 2007 4:49:10 AM
> > Subject: [amibroker] Re: Struggling to Learn
> >
> > --- In amibroker@xxxxxxxxx ps.com, "ricko8294_98" <ricko@> wrote:
> > >
> > > Hello
> > >
> > > I am trying to learn AB and loops in particular. There seems to
> be
> > > something I'm not getting - and I have been playing with this
for
> the
> > > past several weeks.
> > >
> > > I want to create a trend indicator that will track below an
> uptrend
> > > (x% below the highest high of the most recent "y" period) or
> track
> > > above a downtrend(x% above the lowest low of the most
recent "y"
> > > period), where the period "y" increases each day for the
duration
> of
> > > each trend up to a maximum level.
> > >
> > > When a cross of the price (C) and the trend occurs,(either up
or
> > > down) the period "y" resets to zero.
> >
> > Hello Rick,
> >
> > I think there might be another way.
> > If I understand what you are trying to do then I am pretty sure
it
> can
> > be done using array processing.
> >
> > No harm in trying.
> >
> > Just looking at the high side first (if we solve that then it
> should be
> > easy to adapt to the low side):
> >
> > starting hard left of screen (using barindex) -
> >
> > 1) bar 1 is higher than bar zero and then bar two starts a
> downtrend
> > that continues for a few bars so bar 1 becomes the Highest High
for
> the
> > set periods (P)
> >
> > 2) a line is set x% below the HHValue(High, P) say 2%
> >
> > 3) when the price crosses up through the setpoint you want to
> trigger a
> > signal (Buy?) AND/OR reset the periods (P) to zero.
> >
> > 4) since you want to reset the periods (P), when the closes
> crosses,
> > then......
> >
> > P = barssince(close crossed the setpoint)
> >
> > Is that what you want?
> > If so I might have a go at it.
> >
> > Brian_z
> >
>
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