Re: bow tie

["David" <dtholz@xxxx>]

oops a fix to part of the formula was ref forward days (crystal 
balling)

/*bow tie from Dave Landry 

12.05.2001*/

buymov = close >ma(close,10) And
close > ma(close,20) and
close > ma(close,30) ;
setup = low< Ref(low,-1);
buysignal = high> ref(high,-1);

Buy = setup and buysignal and buymov ;
sell = c<ma(close,20);

Now how do i get it to check the next part:
if setup occours then look of buysignal on following days not the 
same day ??


David



--- In amibroker@xxxx, "David" <dtholz@xxxx> wrote:
> Hi TJ and others,
> 
> I was trying to write a afl form an idea posted on another forum 
> here is the start of the ami formula but I seem to be having 
trouble 
> with the final stage of it ...
> below is a describtion of how it should perform 
> i may need a few iif's to complete the code ..
> 
> Idea's welcome 
> 
> Regards David 
> 
> /*bow tie from Dave Landry 
> 
> 12.05.2001*/
> 
> buymov = close >ma(close,10) And
> close > ma(close,20) and
> close > ma(close,30) ; // close above mov's
> setup = low< Ref(low,1)-1; //correction from breakout
> buysignal = high> ref(high,1)-1;//Then we buy the next 
higher 
> high than the day before
> 
> Buy = buymov and setup and buysignal;
> sell = c<ma(close,20);
> 
> ***************
> 
> The Bow Tie is used to catch a change in trend from down to up; the 
> trend is defined from using three moving averages.
> 
> 10-day simple moving average
> 
> 20-Day exponential moving average
> 
> 30-Day exponential moving average
> 
> The proper order for a down trend is; 30-Day ema > 20-Day ema > 10-
> Day sma
> 
> The proper order for an up trend is; 10-Day sma > 20-Day ema > 30-
Day 
> ema
> 
> The name for the set up comes from the pattern made from the moving 
> averages converging and spreading out again as the trend is 
changing.
> 
> The rules for the Bow Tie are as follows,
> 
> 1. The moving averages must go from the correct down trend order to 
> the correct up trend order crossing together making an appearance 
of 
> a bow tie.
> 
> 2. We wait for a correction e.g. a lower low than yesterdays low.
> 
> 3. Then we buy the next higher high than the day before. If you are 
> not filled keep moving the order down as if trading a pullback 
> (The pattern remains valid until the market trades below the 20-Day 
> ema).
> 
> 4. Place a stop at the lowest bar in the set up.