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Of course Anthony,
EntL = Entry or opening price for long position( I use this together
with longtrade tradingsignals - for shorttrades simply ignore this
figure )
Stop = Stop-Price ( Stop-loss )
PT = Profittarget ( or price target )
MaxPos = Maximum Positionsize based on volatility, accountsize and 2%
risk rule
regards
Stefan
--- In amibroker@xxxx, Anthony Faragasso <ajf1111@xxxx> wrote:
> stephan;
>
> Could you explain the abbreviations in the title bar,
> Thank you
> Anthony.
>
> tradeshark@xxxx wrote:
>
> > Hi,
> >
> > first, the formula is not from me but from Anthony Faragasso and
> > downloadable from the AB AFL site.
> >
> > The chart shows the various S/R and Pivot points as small dots
above,
> > below and in the middle of each barchart - the values are for the
> > next trading day.
> >
> > This formula is mainly to be used as Guru Expert, where you can
see
> > the number in writing.
> >
> > If you want to have candles and Levels as lines rather than dots,
try
> > this modified version :
> >
> > MaxGraph =8;
> >
> > p = (H+L+C)/3;
> > r1 = (2*p)-L;
> > s1 = (2*p)-H;
> > r2 = p +(r1 - s1);
> > s2 = p -(r1 - s1);
> >
> > Graph0=p;
> > Graph1=r1;
> > Graph2 = s1;
> > Graph3= r2;
> > Graph4 = s2;
> >
> > Graph0Style = Graph1Style = Graph2Style = Graph3Style =
Graph4Style =
> > 1;
> > Graph0Color = 2;
> > Graph1Color = Graph2Color = 8;
> > Graph3Color = Graph4Color = 6;
> >
> > Graph5 = Close;
> > Graph5Color = 3;
> > Graph5Style = 64;
> >
> > Title = Name() + ", PP: " + WriteVal(Graph0) + ", R1: "+
WriteVal
> > (Graph1) + ", S1: "+ WriteVal(Graph2) + ", R2: " + WriteVal
(Graph3)
> > + ",S2: " + WriteVal(Graph4);
> >
> > I personaly don't use the graphs at all. I use only the values as
> > indicator and let the values display in an indicator window
without
> > any graphs ( together with my money-management systems values for
> > each stock )
> >
> > You'll probably have to customize accountsize value and the risk
> > tolerance per position( 2% in my case ).
> > I used standard 10K account size ( see graph4 )
> > Positionsize is determined based on underlyings volatility, risk
> > tolerance and accountsize.
> >
> > If you want to try it, here it is :
> >
> > MaxGraph = 10;
> > Graph1 = EMA(Close,5)-(EMA(ATR(1),10)*1.50);
> > Graph1Style = 16;
> > Graph2 = EMA(Close,5)+(EMA(ATR(1),10)*2.5);
> > Graph2Style = 16;
> > Graph3 = EMA(Close,5)+(EMA(ATR(1),10)/4);
> > Graph3Style = 16;
> > Graph4= ((10000)*2/100)/(EMA(Close,5)+ (EMA(ATR(1),10)/4)-(EMA
> > (Close,5)-(EMA(ATR(1),10)*1.25)));
> > Graph4Style = 16;
> > p = (H+L+C)/3;
> > r1 = (2*p)-L;
> > s1 = (2*p)-H;
> > r2 = p +(r1 - s1);
> > s2 = p -(r1 - s1);
> >
> > Graph5=p;
> > Graph6=r1;
> > Graph7 = s1;
> > Graph8= r2;
> > Graph9 = s2;
> >
> > Graph5Style = Graph6Style = Graph7Style = Graph8Style =
Graph9Style =
> > 16;
> >
> > Title = Name() + "- EntL:" + WriteVal(Graph3) + ", Stop:"+
WriteVal
> > (Graph1) + ", PT: "+ WriteVal(Graph2) + ", MaxPos:" + WriteVal
> > (Graph4)+ ", PP:" + WriteVal(Graph5) + ", R1:"+ WriteVal(Graph6)
> > + ", S1:"+ WriteVal(Graph7) + ", R2:" + WriteVal(Graph8)
+ ",S2:"
> > + WriteVal(Graph9);
> >
> > regards
> > Stefan
> >
> > --- In amibroker@xxxx, "Dr. S. Nathan Berger" <snberger@xxxx>
wrote:
> > > Hello, Stefan,
> > >
> > > Would you please post a picture of how the graph appears? I am
not
> > sure
> > > what comes from my computer argees with what you have in your
mind.
> > >
> > > Thanks,
> > >
> > > Nate
> > >
> > >
> > >
> > > At 11:29 AM 11/2/01 -0000, you wrote:
> > > >Hello Tom,
> > > >
> > > >for which time frame ?
> > > >
> > > >Here's the formula ( expert ) for the next trading day :
> > > >
> > > >/* Pivot points and Support and Resistance Points*/
> > > >/* for next day trading*/
> > > >/* coded by Anthony Faragasso */
> >
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
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