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Hi CC Chen,
I plotted your Sun & cloud (nice visual part).
Is it possible to explain the
"2.for Short term trading, reading the changes between the white line
and the red line"
How do you trade this ?
Dimitris Tsokakis
--- In amibroker@xxxx, bbj@xxxx wrote:
> 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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