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brian,
so basically ( for the buy setup)if the green consecutive count of a
downtrend ==9 then for the green count to be valid it needs to have
the low of bars 8 or 9 to be below the low of bars 6 and 7 .
so if the above is true the red count starts when the close of
current bar is <= to the low of the 2 previous bars (not consecutive)
and when the red count starts the green buy count does not start
until a sell. so if another buy setup happens does it only start
count after the actual sell .
Question??? can it include days that are true before the sell e.g.
(what if the green count of the downtrend was 4 at the sell). can it
include this in the count or does it have to start fresh after the
sell.( all of the above is only for the buy setup) it doesnt include
the count for the sell.
cheers: john.
--- 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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