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Very interesting idea.
I wish there was a plot() function in AB. Perhaps
it is in the works for the future. I also wish
we could have AB provide some space for projecting
into the future.
nand
--- In amibroker@xxxx, Anthony Faragasso <ajf1111@xxxx> wrote:
> Dimitri:
>
> As I stated , This is a tool to evaluate the Probability of a
future price
> being achieved in (x) number of days , (x) number of
> Standard Deviation, ( default is ; +1 , -1 , 68% or 2/3rds of all
market
> outcome happens here) and current Market Volatiity,
> It all has to do with the Bell Curve.
>
> AS FOR THIS:
>
> .......This is not serious.
> .......If anyone in this revolutionary mail-list attempted to
present
> .......such an indicator, with no value for the last 11 days, it is
not
> .......difficult to predict the reactions.
>
> I respond:
> As I stated , This is a tool to evaluate the Probability of a
future price
> being achieved in (x) number of days , (x) number of
> Standard Deviation, ( default is ; +1 , -1 , 68% or 2/3rds of all
market
> outcome happens here) and current Market Volatility. The indicator
name is:
> Probability and Future Price Projection
>
> Please see the attached image (Visual Reference), I believe I
wrote: c1 =
> ref(close,-5) , meaning I wanted to start my calculation 5 days
ago, not 5
> days in the future, (That would be ridiculous ), possible
communication
> error, or typing error,. I have produced the same calculations as
the
> attached image, but without the lines.
>
> Is it possible to project a line from (ex. close, -5) , to the
calculated top
> and bottom targets, as in the image file. therefore, the targets
would be
> (ex. 20 days) from the close 5 days ago.
>
> Another Note:
> The parameters in the code can be changed. There are 4 parameters:
( close ,
> days, standard deviation, volatility).
> Volatility = historical or implied
> Standard Deviation = Default ( +1,-1) , starts from 0 which is
closing price
> selected and up.
> Days = 1 to ........
> Close = todays close or close back (-5) , subtract this from days
to get
> future days ( ex. 20days - (-5) = 15 days ahead.
>
>
> Again, I reiterate, I am uploading a comment to the indicatior and
a brief
> tutorial for the group, on how to use the imformation , I guess in
my
> excitement, that Amibroker could produce the calculations,( I knew
it could),
> I uploaded so
> all could share and comment, in order to improve.
>
> Thank you.
> Anthony.
>
>
> DIMITRIS TSOKAKIS wrote:
>
> > And another one, copied exactly from the source:
> >
> > "To calculate the detrended price oscillator an x-period moving
> > average is centered.
> > This is done by shifting the moving average back [(x/2) + 1]
period.
> > This centered moving average is then subtracted from the close.
> > Because it is set up as an oscillator, it will cross above and
below
> > zero.
> > The last [(x/2) + 1] period will have no value.
> > This is because the detrended price oscillator is shifted back
[(x/2)
> > + 1] period."
> >
> > Could any user accept this??
> > "The last [(x/2) + 1] period will have no value"
> > i.e. for a period of 20 days, you will not have indicator value
for
> > the last 11 days.
> > Then, what do you have??
> > A good report of what happened 11 days ago ??
> > This is not serious.
> > If anyone in this revolutionary mail-list attempted to present
> > such an indicator, with no value for the last 11 days, it is not
> > difficult to predict the reactions
> > [In between, I prefer this software makers.
> > At least, they are honest and inform the user that he "will have
no
> > value".
> > And explain the reason.
> > (They do not explain the purpose and the application of this
> > indicator.
> > But, we can not have everything in this life...)]
> >
> > Best Regards
> > Dimitris Tsokakis
> > --- In amibroker@xxxx, "Tomasz Janeczko" <amibroker@xxxx> wrote:
> > > Hi,
> > >
> > > >Because, whithout data for tomorrow, the program gives for
> > > >ref(close,1) the available today´s price.
> > > >(In my opinion, it should indicate an {empty} value, because
> > > >ref(close,+1) exists for all previous days except the last one)
> > > >I do not know how it is designed, I know how it works.]
> > >
> > > Yes it gives today's price for the last bar as we don't know the
> > future yet :-)
> > > The reason why it doesn't return {empty} is that some of the
other
> > > functions may be confused if they see {empty} at the end of the
> > array
> > > (normally {empty} values appear only at the beginning and all
AFL
> > functions
> > > are aware of this fact)
> > >
> > > Also: I agree with Dimitris that writing trading systems using
Ref
> > with positive
> > > offsets (looking into the future) would give results that could
not
> > be
> > > reproduced in real life. (unless you have time-machine :-)))
> > >
> > >
> > > Best regards,
> > > Tomasz Janeczko
> > > amibroker.com
> >
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
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