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Dear Demrtri Tsokaki
Itried to copy paste your code to find overbought stocks for ten days but
unfortunately the result is negative,obviously i misunderstood your
reccomentations.
Best regards Christos Panayiotou
----- Original Message -----
From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: 08 July 2001 22:18
Subject: [amibroker] Re: GAIN-LOSS ISSUES
> Dear Christos Panayiotou,
>
> "We search for stocks, overbought more than 10 days and then cross
> the overbought level (say 80) downwards. This is a sign that
> overbought condition may come to an end, especially if a negative
> divergence occurs.
> Sometimes a stock may be overbought just for one or two days. This is
> not so important, may happen for various reasons and we want to
> filter it out.
> More than ten days overbought, at least, is not coincidental."
>
> This is a fine scenario and, whithout a proof, the only remaining
> thing for you is that the author is experienced etc.Thank you for
> these kind words.
> But, we need proofs.
> And here we have the opportunity to prove this, not only for a single
> stock, but for the whole market. If results are positive, then this
> scenario is working for your market. In the opposite, search for
> something else.
>
> We search here for overbought issues, with stochd(14)>80, for more
> than 10 days, until they cross again the 80 line.
> For this purpose we create a new composite, say "_tendays80".
> (As you know, from the newsletter, you may create many composites)
>
> /*OVERBOUGHT ISSUES WITH STOCHD(14)>80 MORE THAN 10 DAYS*/
> s1=stochd(14);
> t1=1+barssince(cross(s1,80));
> t2=iif(s1>80,t1,0);
> t5=peak(t2,1,1);
> t4=iif(t5!=ref(t5,-1),t5,0);
> EnableScript("jscript");
>
> days = day();
> months = month();
> years = year();
>
> values = t4>10;
>
> <%
> days = AFL("days").toArray();
> months = AFL("months").toArray();
> years = AFL("years").toArray();
> values = AFL("values").toArray();
> oAB = new ActiveXObject("Broker.Application");
>
> comp = oAB.Stocks.Add("_tendays80");
>
> for( i = 0; i < days.length; i++ )
> {
> qt = comp.Quotations.Add( years[ i ] + "-" + months[ i ] + "-" +
> days[ i ] );
>
> qt.Volume += values[ i ] == 1 ? 1 : 0;
> }
>
> %>
>
> buy=0;
>
> In Indicator Builder, you may see the graph, pasting the code:
>
> /*GRAPH*/
> graph0 = foreign("_tendays80","V");
>
> You may change 80 by 70, create another composite, the "_tendays70",
> you may change days and ask 15 or 20 etc.
> The best for your market is the one you may use to "predict" next
> movements.
> There is a lot of wisdom hidden in stochastics procedure and, with
> composites, a small part may be revealed for your benefit.
>
> P.S. Graphs of above were not bad in my data and gave another
> confirmation
> to NDI garph.
>
> Best Regards
> Dimitris Tsokakis
>
> --- In amibroker@xxxx, "Christos Panayiotou" <pachris@xxxx> wrote:
> > Demetri
> > I am really very happy with your great contribution , your
> technical knowledges and experience that you have been sharing with
> us, i dont know about others but for me its a great help.
> > I however woult like to ask you about your srategy to great buy and
> sell signals, the way you compinate diferent indicators in order to
> have reliable results.
> > Filika Christos
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
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