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Hi,
Dimitris, first, let me tell you that I really appreciate all your
contributions to the community.
Since you seem to be very skilled with AFL, may I suggest you to
write some formulas ?
1)Detecting Resistance level.
I think it would be great if we could detect resistance levels.
For example, with a variable of X days ago, the formula should find
at least 3 peak to a same day High value (this value should be the
highest reached during the X days period of course). Distance from
first peak to last peak should be at least Y days.
So this formula is meant to detect significant resistance values on
stock candidates.
2) Detecting consolidation
It would be nice to have a formula that would detect horizontal
consolidation periode, where price would be fluctuating on a narrow
range of lets say 5%(x) price on the last 30(y) days.
I personally find that breaking out of significant resistance level
and significant consolidation period to be the most reliable yet
simple way to easy spot significant profit opportunities.
I would have liked to create those formula myself, and I tried
without much results. The fact is that I also don't have much time to
become really good at AFL for the moment, so this is why I ask to an
expert like you if you think you could create those formulas that
would benefit the entire community.
Keep up the good work,
Manioc
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