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Hi John,
I am not a subscriber- I have the this months edition. I will try to
summarize the next 2 pages of the article
Setups: For Buys must have 7 consecutive days of lower closes
compared to four days prior - if on the seventh day it is a higher
close the count do a price flip and the count restarts- Only when
pattern reaches a minimum of 9 consecutive bars can the analysis move
forard. For a Buy setup to qualift the low of 8 or 9 must be below
the lows of both bars 6 & 7 (vice versa on Sell side). The next step
is the TD countdown- final phase. It can begin as early as the 9th
day - the setup requires the close of the current bar to be less than
or equal to the low of the bar two bars earlier . Countdown bars are
denoted by red numbers below the price bars (Figure 1 & 2) for a Buy
Countdown - above the price bars for Sell Countdown. A complete
Countdown requires 13 bars - but they do not have to be consecutive
days (nor are they usually). Once a Red 13 appears in a Countdown the
underlying trend is exhausted. Countdown requires a qualifier - for a
Sell Countdown the high of the bar 13 must be equal to or above the
close of bar 8, for a Buy Countdown the low of bar 13 must be equal
to or less than the close of bar 8.. This qualifer ensures no overlap.
John let me know if you need me to type more from the article. If
you have a fax I can fax it to you. You can email me at
Brian_35M@xxxx
Thanks for your help John!
Cheers,
Brian --- In amibroker@xxxx, "nirvana1x" <nirvanaiam@xxxx> wrote:
> high brian,
>
> heres the formula with the plotted valuelines.
>
> A=IIf(C<Ref(C,-4),7,IIf(C>Ref(C,-4),5,1));
> A1=ValueWhen(A,C,1);
> b=Sum(C<Ref(C,-4),9)==9;
> b0=IIf(BarsSince(b==0)==1,-5,0);
> b1=ValueWhen(b0,C,1);
> Aa=IIf(C>Ref(C,-4),5,1);
> bb=Sum(C>Ref(C,-4),9)==9;
> bb0=IIf(BarsSince(bb==0)==1,1,0);
> bb1=ValueWhen(bb0,C,1);
> Plot(b1,"",7,4);
> Plot(bb1,"",6,4);
> Plot(C,"",A+b0+bb0,64);
> Plot(C,"",1,64);
>
> these lines have the close values for when the cond of the 9th
> consecutive day was true
> blue for the c> ref(c,-4) 9th consec day
> and yellow for the c< ref(c,-4) 9th consec day
>
>
>
> whats the rule for the red count numbers to 13 , is it l<ref(l,-
4)
> and a non consecutive count to 13 and starting when the green
count
> =9.
> as the imfo on the webpage doesnt explain.
>
> looking at the diagram it looks like it also has lines plotted
when
> the green numbered bars count =1 not sure if you need these. if
you
> are a subcriber to the mag could you post the other rules.
>
>
> cheers: john.
>
>
>
> --- In amibroker@xxxx, "brian_35m" <cadvantag@xxxx> wrote:
> > Hi John,
> >
> > Thanks for your reply & formula! I like the layout. Can you tell
> me
> > how to place the valuelines?
> >
> > Thanks,
> > Brian
> >
> > --- In amibroker@xxxx, "nirvana1x" <nirvanaiam@xxxx> wrote:
> > > hi brian,
> > > i have read the article and so far i have the 9 bars lower
than
> > the
> > > close from 4 days ago.
> > > each lower bar has a yellow outline and the white outlined bar
> is
> > > the 9th consecutive lower bar.
> > > the bars that are close is higher than the close from 4 days
> ago
> > > are in a green outline, and the blue outlined bar is the
actual
> > 9th
> > > consecutive bar of the close higher than the close from 4 days
> ago.
> > >
> > >
> > > A=IIf(C<Ref(C,-4),7,IIf(C>Ref(C,-4),5,0));
> > > A1=ValueWhen(A,C,1);
> > > b=Sum(C<Ref(C,-4),9)==9;
> > > b0=IIf(BarsSince(b==0)==1,-5,0);
> > > b1=ValueWhen(b0,C,1);
> > > Aa=IIf(C>Ref(C,-4),5,1);
> > > bb=Sum(C>Ref(C,-4),9)==9;
> > > bb0=IIf(BarsSince(bb==0)==1,1,0);
> > > bb1=ValueWhen(bb0,C,1);
> > >
> > >
> > > Plot(C,"",A+b0+bb0,64);
> > > Plot(C,"",1,64);
> > >
> > > you can plot the valuelines as well.
> > > cheers: john.
> > >
> > >
> > >
> > > --- In amibroker@xxxx, "brian_35m" <cadvantag@xxxx> wrote:
> > > > I was trying to create a formula that used the principles in
> the
> > > > following article.
> > > >
> > > > http://www.activetradermag.com/glass.htm
> > > >
> > > > I put this in indicator builder. It has a couple errors that
I
> > cant
> > > > seem to fix. When it changes from one pattern and begins
> another
> > I
> > > > was trying to get it to change color but I was unsuccessful
> > > (examples
> > > > are in Figure 1 & 2 in the article). Also, is it possible to
> get
> > > > numbers to post on the bars?
> > > >
> > > > Thanks,
> > > > Brian
> > > >
> > > > Day1 = Ref( C, -1 );
> > > > Day2 = Ref( C, -2 );
> > > > Day3 = Ref( C, -3 );
> > > > Day4 = Ref( C, -4 );
> > > > Day5 = Ref( C, -5 );
> > > > Day6 = Ref( C, -6 );
> > > > Day7 = Ref( C, -7 );
> > > > Day8 = Ref( C, -8 );
> > > > Day9 = Ref( C, -9 );
> > > > Day10 = Ref( C, -10 );
> > > > Day11 = Ref( C, -11 );
> > > > Day12 = Ref( C, -12 );
> > > > Day13 = Ref( C, -13 );
> > > > Day14 = Ref( C, -14 );
> > > > Day15 = Ref( C, -15 );
> > > > Day16 = Ref( C, -16 );
> > > > Day17 = Ref( C, -17 );
> > > > Day18 = Ref( C, -18 );
> > > > Day19 = Ref( C, -19 );
> > > > Day20 = Ref( C, -20 );
> > > > Day21 = Ref( C, -21 );
> > > > Day22 = Ref( C, -22 );
> > > >
> > > >
> > > >
> > > > barcolor = IIf( Day22 < Day18, 4, IIf( Day22 >Day18, 8,
20 ) );
> > > > barcolor = IIf( Day21 < Day17, 4, IIf( Day21 >Day17, 8,
20 ) );
> > > > barcolor = IIf( Day20 < Day16, 4, IIf( Day20 >Day16, 8,
20 ) );
> > > > barcolor = IIf( Day19 < Day15, 4, IIf( Day19 >Day15, 8,
20 ) );
> > > > barcolor = IIf( Day17 < Day14, 4, IIf( Day18 >Day14, 8,
20 ) );
> > > > barcolor = IIf( Day16 < Day13, 4, IIf( Day17 >Day13, 8,
20 ) );
> > > > barcolor = IIf( Day16 < Day12, 4, IIf( Day16 >Day12, 8,
20 ) );
> > > > barcolor = IIf( Day15 < Day11, 4, IIf( Day15 >Day11, 8,
20 ) );
> > > > barcolor = IIf( Day14 < Day10, 4, IIf( Day14 >Day10, 8,
20 ) );
> > > > barcolor = IIf( Day13 < Day9, 4, IIf( Day13 >Day9, 8, 20 ) );
> > > > barcolor = IIf( Day12 < Day8, 4, IIf( Day12 >Day8, 8, 20 ) );
> > > > barcolor = IIf( Day11 < Day7, 4, IIf( Day11 >Day7, 8, 20 ) );
> > > > barcolor = IIf( Day10 < Day6, 4, IIf( Day10 >Day6, 8, 20 ) );
> > > > barcolor = IIf( Day9 < Day5, 4, IIf( Day9 >Day5, 8, 20 ) );
> > > > barcolor = IIf( Day8 < Day5, 4, IIf( Day8 >Day4, 8, 20 ) );
> > > > barcolor = IIf( Day7 < Day3, 4, IIf( Day7 >Day3, 8, 20 ) );
> > > > barcolor = IIf( Day6 < Day2, 4, IIf( Day6 >Day2, 8, 20 ) );
> > > > barcolor = IIf( Day5 < Day1, 4, IIf( Day5 >Day1, 8, 20 ) );
> > > >
> > > >
> > > >
> > > >
> > > > /* Colourized price bars drawn here */
> > > > //Graph0BarColor = barcolor;
> > > > Graph0Style = 2+4; // Bar Graph
> > > > Graph0BarColor = barcolor;
> > > > Graph0 = Volume;
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