Re: [amibroker] range pattern

["ed nl" <ed2000nl@xxxxxxx>]

Suree,

actually I found that I did not program the pattern as intended. The "official" pattern takes the narrowest range in the last nn days. I calculated the narrowest consecutive range in the last nn days.  The number of signal points obviously decreases but you can see (at least if I look at Nasdaq 100 stocks) that it signals crucial price point very often.  Like with the squares (code I posted earlier) you could add your long and short breakout levels (+ stop loss levels) on days following a signal.

So the code only finds possible entry points.

rgds, Ed
  ----- Original Message ----- 
  From: suree namsiripongpan 
  To: amibroker@xxxxxxxxxxxxxxx 
  Sent: Wednesday, November 17, 2004 6:42 PM
  Subject: Re: [amibroker] range pattern


  Hello, Ed

  What is the implication of range pattern ? I got some
  circle some break up some break down ?? More clue
  please. 



  --- ed nl <ed2000nl@xxxxxxx> wrote:

  > /*
  > 
  > IDNRn: an inside day with the narrowest range of the
  > past nn days  
  > 
  > Edward Pottasch, nov 2004
  > 
  > */
  > 
  > // number of days
  > nn = 3;
  > // range
  > rng = H - L;
  > // consecutive narrowing range
  > cons = barssince( rng >= ref(rng,-1) );
  > // find the pattern IDNRn
  > tt = cons == nn AND Inside();
  > 
  > Plot(C,"",colorGreen,64);
  > PlotShapes(shapeCircle * tt,colorWhite, layer = 0,
  > yposition = (H+L)/2, offset = 0 ); 
  > 
  > [Non-text portions of this message have been
  > removed]
  > 
  > 



              
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