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John,
"so what happens if the green buy count is at 4 when a sell hapens
and this count actually gets to 9 , is it included in the 9th consec
count or does the count have to start fresh from 1 to 9 after the
sell day"
--The way I see the graphs (Figures 1-4) Is the when a Buy is
Triggered (Red 13) that the Green Numbers are on Top Counting the
Upward Trend. The closer it gets to a Red 13 the more likely the
trend is exhausted. A Green 9 (Buy) shows the possbility of a small
tech bounce and then the trend resumes the downtrend and a new set of
Green numbers resets.
Here is from the articel:
If the basic Countdown conidtions are fullfilled for bar 13 but the
qualifying conditions are not, then the occurance of bar 13, the
final bar of Countdown, is "deferred". A "plus" sign (+) is placed
over a sell Countdown bar or below a Buy Countdown bar to identify
this deferred status.
The Combo Countdown diffeers from the sequential Countdown in that it
has 3, rather than just 1, necessary condition. Once a Combo Sell
setup has completed, the study starts a Setup bar 1 (vs. Setup bar 9
for sequential) to determine if these 3 conditions exist.
Each Combo Countdown price bar for a Sell Setup must have
1) a close > or = to the high two bars earlier
2) a high > than the previous bars high
3) a close > than the close of the previous bars close
(Because Combo Countdown bar 1, by definition, has no preceding
Countdown bar close, this condition is not needed for Countdown bar
1) These conditions are reversed for a Combo Buy Countdown.
When 13 Countdown bars with these conditions have appeared, as shown
in figure 2, price tends to stop trending and reverse direction. The
Combo indicator will, by its nature, complete a 13 Countdown at the
highest close of a Sell COuntdown or the lowest close of a Buy
Countdown.
Because of its more stringent requirements, there are less Combo
trade opportunities than Sequential. However, Combo nevertheless adds
value by highlingthing trend exhaustion zones, whether independently
or in conjunction with sequential.
John- Does that help?
Cheers,
Brian
--- In amibroker@xxxx, "nirvana1x" <nirvanaiam@xxxx> wrote:
> brian.
> my reply to the ?? below is
> "....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."
> --This is Not True: a Buy Set up Starts over or resets- (Figure 1
> shows a reset of Green Buy Numbers- with the Red Numbers Beginning
on
> the first Green 9 and going past the second set of Green 1-9
numbers)
>
> i can see from the diagram that the green count continues once the
> red count has been triggered, but these would not be useful, it
would
> only be of use after a sell,
> so what happens if the green buy count is at 4 when a sell
hapens
> and this count actually gets to 9 , is it included in the 9th
consec
> count or does the count have to start fresh from 1 to 9 after the
> sell day .
>
> cheers: john.
>
>
> --- In amibroker@xxxx, "brian_35m" <cadvantag@xxxx> wrote:
> > Hi John,
> >
> > "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 ."
> > --This is True
> >
> > "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)"
> > --This is True
> >
> > "....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."
> > --This is Not True: a Buy Set up Starts over or resets- (Figure 1
> > shows a reset of Green Buy Numbers- with the Red Numbers
Beginning
> on
> > the first Green 9 and going past the second set of Green 1-9
> numbers)
> >
> > "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."
> > --John this question I didnt follow- Did I answer it on the above
> > answer or can you ask it in another way.
> >
> > Cheers,
> > Brian
> > --- In amibroker@xxxx, "nirvana1x" <nirvanaiam@xxxx> wrote:
> > > 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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