|
PureBytes Links
Trading Reference Links
|
2. The
Buy=
ref(Close,-1) <= Ref(open,-1)*.99
And High <= Ref(open,-1)
And Low >= Ref(close,-1)
And Close> open and mly;
is i m p o s s i b l e to happen because:
>From " Low >= Ref(close,-1)", TODAY´S low
is greater than yesterdays close, which, by fact, is greater than
yesterdays low. This means that TODAY´S low is greater than
yesterdays low. This is in absolute contradiction with mly, which asks
TODAY´S low to be the lowest.
In bullish Harami at the end of a downtrend, the lowest low was yesterday,
which means : Ask from ref(mly,-1) to be true, NOT from mly.
When you write mly, you mean mly for TODAY.
It will help if you see in a graph, step by step, what are you doing.
The correct conditions are below.
MLY = low==llv(low,5);
Buy=
ref(Close,-1) <= Ref(open,-1)*.99
And High <= Ref(open,-1)
And Low >= Ref(close,-1)
And Close> open and ref(mly,-1);
graph2=buy;
Adding the last line and pasting to Ind. Builder, you will have a bar whenever
you condition is true.
The bullish harami is at A, B of gif. This is not lucky enough, the stock moved
down two more days.
Another bullish harami occurred at C, D, but you do not see a bar in detection
graph. This is because the C, D formation does not agree with one or more
conditions you ask. It is not easy to write conditions in agreement with what
the eye detects as bulish harami.
(The low for day D is 2.91, the close for day C is 2.93 and "Low >= Ref(close,-1)"
is not valid, although this Harami was the lucky one)
3. In the first buy condition, 0.99 is too narrow. You ask close 1% below open.
It is better whithout coefficient.
4. High <= Ref(open,-1) and Low >= Ref(close,-1) do not agree with your
definition. The two conditions are correct as conditions, but they search something
a bit different.
5. LET US COME NOW CLOSER TO THE POINT :
Your definition is
"A long black day occurs
The second day is a white day where the real body is completely engulfed by
the real body of the first"
What is a "long" black body. Black means close<open, long means
u=5;
close<=(1-u/100)*open;
and here you change u=5; with the percentage you like
This forms the condition for the first day.
u=5;
cond1=close<=(1-u/100)*open;
Next, "the real body is completely engulfed by the real body of the first"
The real body of a candle is from open to close, not from low to high.
So,
cond2=close>open and close<ref(open,-1) and open>ref(close,-1);
6. Let us join the two conditions
Whith COND3 we ask cond2=true for TODAY and cond1=true for YESTERDAY
/*BULLISH HARAMI BUY CONDITION*/
/*FOR IND. BUILDER, SCAN AND EXPLORE MODE*/
u=5;
cond1=close<=(1-u/100)*open;
cond2=close>open and close<ref(open,-1) and open>ref(close,-1);
COND3=cond2 and ref(cond1,-1);
BUY=COND3;
FILTER=BUY;
numcolumns=1;
column0=close;
GRAPH2=BUY;
(To be continued)
Dimitris Tsokakis
------=_NextPart_001_001C_01C120F5.DFCB3F00
Content-Type: text/html;
charset="iso-8859-7"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-7" http-equiv=Content-Type>
<META content="MSHTML 5.00.3013.2600" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT size=2>Hi David,<BR>This is a real puzzle, but we shall find the
solution step by step.</FONT></DIV>
<DIV><FONT size=2>Let us begin with what is right and what is
wrong.</FONT></DIV>
<DIV><FONT size=2>1. MLY = low==llv(low,5);<BR>It is a condition now.<BR>MLY is
equal to 1, when TODAY´S low is the lowest of 5 last days lows.<BR>MLY isequal
to 0, when NOT.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>2. The <BR>Buy=<BR>ref(Close,-1) <=
Ref(open,-1)*.99<BR>And High <= Ref(open,-1)<BR>And Low >=
Ref(close,-1)<BR>And Close> open and mly;</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>is i m p o s s i b l e to happen because:<BR>From " Low>=
Ref(close,-1)", TODAY´S low <BR>is greater than yesterdays close, which, by
fact, is greater than <BR>yesterdays low. This means that TODAY´S low is greater
than<BR>yesterdays low. This is in absolute contradiction with mly, which
asks<BR>TODAY´S low to be the lowest.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>In bullish Harami at the end of a downtrend, the lowestlow
was yesterday,<BR>which means : Ask from ref(mly,-1) to be true, NOT from
mly.<BR>When you write mly, you mean mly for TODAY.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>It will help if you see in a graph, step by step, what are you
doing.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The correct conditions are below.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>MLY = low==llv(low,5);<BR>Buy=<BR>ref(Close,-1)<=
Ref(open,-1)*.99<BR>And High <= Ref(open,-1)<BR>And Low >=
Ref(close,-1)<BR>And Close> open and ref(mly,-1);<BR>graph2=buy;</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Adding the last line and pasting to Ind. Builder, you will
have a bar whenever <BR>you condition is true.<BR>The bullish harami is at A, B
of gif. This is not lucky enough, the stock moved<BR>down two more
days.<BR>Another bullish harami occurred at C, D, but you do not see a bar in
detection<BR>graph. This is because the C, D formation does not agree with one
or more<BR>conditions you ask. It is not easy to write conditions in agreement
with what<BR>the eye detects as bulish harami.<BR>(The low for day D is 2.91,
the close for day C is 2.93 and "Low >= Ref(close,-1)"<BR>is not valid,
although this Harami was the lucky one)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>3. In the first buy condition, 0.99 is too narrow. You
ask close 1% below open.</FONT></DIV>
<DIV><FONT size=2>It is better whithout coefficient.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>4. High <= Ref(open,-1) and Low >= Ref(close,-1)
do not agree with your </FONT></DIV>
<DIV><FONT size=2>definition. The two conditions are correct as conditions, but
they search something</FONT></DIV>
<DIV><FONT size=2>a bit different.<BR><BR></FONT><FONT size=2>5. LET USCOME NOW
CLOSER TO THE POINT :</FONT></DIV>
<DIV><FONT size=2>Your definition is</FONT></DIV>
<DIV><FONT size=2>"A long black day occurs<BR>The second day is a white day
where the real body is completely engulfed by<BR>the real body of the
first"</FONT></DIV>
<DIV><FONT size=2>What is a "long" black body. Black means close<open,long
means</FONT></DIV>
<DIV><FONT size=2>u=5;</FONT></DIV>
<DIV><FONT size=2>close<=(1-u/100)*open;</FONT></DIV>
<DIV><FONT size=2>and here you change u=5; with the percentage you
like</FONT></DIV>
<DIV><FONT size=2>This forms the condition for the first day.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>u=5;</FONT></DIV>
<DIV><FONT size=2>cond1=close<=(1-u/100)*open;</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Next, "the real body is completely engulfed by the realbody
of the first"</FONT></DIV>
<DIV><FONT size=2>The real body of a candle is from open to close, not from low
to high.</FONT></DIV>
<DIV><FONT size=2>So, </FONT></DIV>
<DIV><FONT size=2>cond2=close>open and close<ref(open,-1) and
open>ref(close,-1);</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>6. Let us join the two conditions</FONT></DIV>
<DIV><FONT size=2>Whith COND3 we ask cond2=true for TODAY and cond1=true
for YESTERDAY</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>/*BULLISH HARAMI BUY CONDITION*/</FONT></DIV>
<DIV><FONT size=2>/*FOR IND. BUILDER, SCAN AND EXPLORE MODE*/</FONT></DIV>
<DIV><FONT face=Arial size=2><FONT face="Times New Roman">
<DIV><FONT size=2>u=5;</FONT></DIV>
<DIV><FONT size=2>cond1=close<=(1-u/100)*open;</FONT></DIV>
<DIV><FONT size=2>cond2=close>open and close<ref(open,-1) and
open>ref(close,-1);</FONT></DIV>
<DIV>COND3=cond2 and ref(cond1,-1); </DIV>
<DIV>BUY=COND3;</DIV>
<DIV>FILTER=BUY;</DIV>
<DIV>numcolumns=1;</DIV>
<DIV>column0=close;</DIV>
<DIV>GRAPH2=BUY;</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>(To be continued)</DIV>
<DIV>Dimitris Tsokakis</DIV></FONT></DIV></FONT></BODY></HTML>
------=_NextPart_001_001C_01C120F5.DFCB3F00--
Attachment:
gif00106.gif
Attachment:
Description: "Description: GIF image"
|