Re: Continuation Patterns

[MLRobb@xxxx]

Dimitris,

Have you continued your work in regard to the refinement of range 
levels in the reading of RSI (Wilder,etc)?

I thought this would have been a most interesting research; nothing 
like what you proposed modelling had been published.

Mike

P.S. There are a few paragraphs in Brown's book, about the Cardwell 
approach to bull and bear settings which I will type to you, in the 
event you would have interest this static approach.

There is even the possible benefit testing such bands on your very 
superior looking Relative Slope. M.R.



--- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> The idea:
> We ask for a turning point of Relative Slope in the
> "neutral" area [-0.5,0.5] as a continuation signal
> for an uptrend relatively for a downtrend
> 
> /*UPTREND CONTINUATION*/
> K=EMA((H+L+C)/3,10);
> S1=200*(K-REF(K,-1))/(K+REF(K,-1));
> rs=ema(EMA(S1,3),3);
> s3= REF(RS,-1)==LLV(RS,5) 
> AND abs(REF(RS,-1))<=0.5 ; 
> filter=s3>0;
> buy=filter;
> numcolumns=1;
> column0=c;
> 
> /*DOWNTREND CONTINUATION*/
> K=EMA((H+L+C)/3,10);
> S1=200*(K-REF(K,-1))/(K+REF(K,-1));
> rs=ema(EMA(S1,3),3);
> s3= REF(RS,-1)==HHV(RS,5) 
> AND abs(REF(RS,-1))<=0.5 ; 
> filter=s3>0;
> SELL=filter;
> numcolumns=1;
> column0=c;
> 
> You may run the two Explorations in one.
> The green buy arrows indicate for a possible bullish 
> continuation. The red sell arrows indicate for a possible
> bearish continuation. 
> 
> 
> /*CONTINUATION*/
> K=EMA((H+L+C)/3,10);
> S1=200*(K-REF(K,-1))/(K+REF(K,-1));
> rs=ema(EMA(S1,3),3);
> s3= REF(RS,-1)==HHV(RS,5) 
> AND abs(REF(RS,-1))<=0.5 ; 
> s4= REF(RS,-1)==LLV(RS,5) 
> AND abs(REF(RS,-1))<=0.5 ; 
> filter=s3>0 or s4>0;
> SELL=s3>0;
> BUY=S4>0;
> numcolumns=1;
> column0=c;
> 
> Some signals are interesting and are given at proper time.
> Continuation conditions is not an easy work and very few
> references exist, as far as I know.
> If there is any idea (clear and specific, not theories again)
> please contribute, to build up something useful for all.
> An interesting amount of money is hidden behind continuation
> patterns, as you all know.
> 
> Dimitris Tsokakis