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Hi Dimitris Tsokakis,
I am also headache, so I need others' opinion.
I tried to be a investor not a trader. I will regard the market in
bear when the lines drop below central line(zero line), and any buy
signals may be traps. Unless it crosses the -100. Vice versa.
Hope this helps.
I also post a formula called Sun&Cloud at the AFL libary. Do you
have any comments about it? Your comments are highly recommended.
Best Regards,
CC Chen
ps the code of the Sun&Cloud is as below. CC Chen
/*Sun & Cloud
--Modified from Ichimoku chart by CC Chen*/
Long2 =ema( ( HHV( H, 20 ) + LLV( L, 20) )/2,20);
Long1 =ema( ( HHV( H, 5 ) + LLV( L, 5) )/2,10);
K=(H+2*C+L)/4;
Z= ( HHV( H, 3 ) + LLV( L, 3) )/2 ;
SP=iif(K>=Z*1.05,1.10*Z,iif(K<Z*1.05 and K>=Z,1.0*Z,iif
(K<Z,0.9*Z,0.9*Z)));
M=iif(Long1>long2,Long2,Long1);
maxgraph = 5;
graph0=M;
graph1 = SP;
graph2=Z;
graph3=Long2;
graph4=Long1;
Graph0style=6;
graph1style =8;
graph2style=4;
graph3style=6;
Graph4style=6;
graph0color=20;
graph1color=3;
graph2color=5;
graph3color=2;
graph4color=8;
title=name() + "{ Sun & Cloud } : "+writeif(Long1>long2,"Rising
Sun","Dark Cloud Cover");
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