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Peter:
To understand Pyrapoint you must understand So9.
Look at a So9 and note that the numbers spiral out, but along a ray they are
related by (2+/-sqrt(n))^2. For example, the number below 244.5 is
186. To reach 186 you need to go once around the circle or 360*. You
can do the same for a quarter rotation, etc. for any angle. That is how
the angles relate to price, and is what Pyrapoint is showing. As for the
vertical lines, there are a number of ways to calculate them but Pyrapoint just
uses increments of 244^.5 or 16, or their subdivisions for 180*,
etc. I know it is a bit confusing, and if you are confused contact
me directly and I'll try to walk you through.
Bill
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Peter
Gialames
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, November 04, 2001 12:15
PM
Subject: RE: [amibroker] Trendline
<FONT face=Arial color=#0000ff
size=2>Hello Bill,
<FONT face=Arial color=#0000ff
size=2>
I
have been reviewing Time & Price analysis (<A
href="">http://www.ensignsoftware.com/tips/tradingtips13.htm)
- I believe the method described is Pyrapoint. Since you seem
knowledgeable on this type of analysis could you answer a couple of questions
based on the following gif?
<FONT face=Arial color=#0000ff
size=2>
<A
href="">http://www.ensignsoftware.com/images/13-4.gif
<FONT face=Arial color=#0000ff
size=2>
As
far as the horizontal line go ... I have found them to be calculated by
(sqrt(price)-t)^2 where price is 244.5 and t is the number of bars. I am
not sure what the -180, -360, etc are (squares of nine - but I'm not surewhat
they are) or how they are used in the calculation of the horizontal
lines.
<FONT face=Arial color=#0000ff
size=2>
I
have no idea how to calculate the bars (12,16,25,31, etc.) or the
semi-vertical lines.
<FONT face=Arial color=#0000ff
size=2>
Any
insight to this method would be greatly appreciated. I am very new to
this type of analysis but the example shown was very impressive. All of
these points were determined beforehand using the 244.5 high on
10-16-2000.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Thanks in advance,
<FONT face=Arial color=#0000ff
size=2>Peter Gialames
<FONT face=Tahoma
size=2>-----Original Message-----From: wavemechanic
[mailto:wd78@xxxx]Sent: Sunday, November 04, 2001 11:03
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: Re:
[amibroker] Trendline
Anthony:
Do you want to draw the line relative to the chart
or relative to the screen (Metastock uses the term trendline by angle to
refer to screen coordinates)? Are you getting into Gann analysis and
squaring of price and time (death angle is a Gann expression)?
Bill
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
Anthony
Faragasso
To: <A
title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, November 04, 2001 8:31
AM
Subject: [amibroker] Trendline
Hi Tomasz;If I were to select a significant low
point or high point on a chart,and wished to draw a trendline by
angle, from the significant point, (ex. 45 degrees ) is this
possible.I have read somewhere that the 45degree angle is the death
angle.Thank you in
advance.Anthony------------------------ Yahoo! Groups
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