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Hi John,
Also in the article it talks about drawing horizontal lines: a green
line form the highest point from Bar 1 and a Red Line from the lowest
point on Bar 13 to help identify price targets (support & resistance
areas)
Cheers,
Brian
--- In amibroker@xxxx, "brian_35m" <cadvantag@xxxx> wrote:
> 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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