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Hi Dimitris Tsokakis,
During the change of the phase, the bull and the bear should fight
hard to combat each other. When in bull market I would rather exit
long when white line falls below red line. I also use p&f chart for
confirmation. In fact, you may use this code to screen the possible "
turning point" of p&f chart. Then use Whycoff method to calculate the
target price.
Thank you for your comment.
CC Chen
--- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> Hi CC Chen,
> Your interpretation is in att. gif as an example.
> You must risk between Bull Alert and Bull Confirm, else
> the confirmation comes with the end of the uptrend.
> Perhaps you should be a bit faster, looking for some
> anticipating signal as alert. Then the existing alert will
> be confirmation and catch the half of the trend.
> Things are better during the downtrend, as long as Markets
> keep their bearish long term character.
> Thank you for your code.
> Dimitris Tsokakis
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