RE: Update for "14-bar decline"

["Yngvi Hardarson" <hardy@xxxxxxxxxxxxx>]

Stephen!
You could try scanning for a short term high breakout followed by
an extreme low value as per your code. Also you could try putting
a multiplier before the ATR.
Yngvi Hardarson
hardy@xxxxxxxxxxxxx

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of stephen bell
Sent: Monday, November 12, 2001 05:39
To: metastock@xxxxxxxxxxxxxxxxxx
Subject: Update for "14-bar decline"


Nov 12 2001:
See the below note.  Al Taglavore kindly supplied the following code:

C>=LLV(H,14)+(ATR(14))

{
"This would give you the result of a close being >= the lowest low value
of
the High for the past 14 days plus one average true range value for the
14
day period."  Al Taglavore }

The code works fine, and the result goes "true=1= breakout " at the end
of the decline.  This method seems rather weak, though, since it gives
many false signals if the market is in a whipsaw mood.  The intent was
to use the code with the MS explorer to alert us to stocks that are
coming out of a bear decline.

Any ideas to improve on Als' method would be most welcome!
Steve Bell



Date: Tue, 06 Nov 2001 09:18:43 -0700
From: stephen bell <sbell@xxxxxxxxxxxxx>
Subject: How to formulate downslide?

I am looking for a simple formula to indicate when  a closing price has
been on a bearinsh "downslide"  for, say 14 bars.  It would also need to

accomodate one or two bullish bars (showing some small  bullish rallies)

during the general downtrend.  This formula could then be used as part
of an exploration to "bottom fish", after the close fianlly breaks out
of the down trend.

Certainly, we could write a 14-part brute force formula for each of the
14 previous bars that would test for the close below a (falling) moving
average.  Maybe there is a better way?

Thanks,
Steve Bell, Tucson Arizona USA