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brian it seems like nenapacwanfr has posted the formula.
Thanks for a more detailed explanation. theres more rules than i
thought.
I was curious about some of the lines in in nenapacwanfr's code,
now i understand why.
cheers: john.
--- In amibroker@xxxx, "brian_35m" <cadvantag@xxxx> wrote:
> 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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