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Mike,
Continuation is hot stuff. I need some time to check real time facts.
As you know, it is easy to "decide" for last February when the Market
is in September.
As for O/B and O/S levels, I need to know more things about O/B and
O/S time. The job is somehow extended and every step needs various
cross-checks.
My target is "moving O/S and O/B levels" as in Keltner Bands we have
moving support and resistance instead if linear ones. I will revert
as soon as I come to conclusions.
Thank you for kind words.
Dimitris Tsokakis
--- In amibroker@xxxx, MLRobb@xxxx wrote:
>
>
> 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
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