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brian,
i had plotted different variables in Nenapacwanfr's formula to see
if it was doing as the rules you posted earlier, and was trying to
figure out why it wasnt the same as the rules you posted.
now with the more detailed explanation you posted i will need to
check it again.
but i will let Nenapacwanfr explain as i will not get time till
later tonight to check it and try to figure out the more detailed
explanation.
looks like there are 3 different buy conditions , and they need a
sell condition to find a certain value from sell to the buy cond,
but dont know if it is an actual sell rule as from your explanation i
thought the sell condition was similar to a buy cond but vice versa.
cheers: john.
--- In amibroker@xxxx, "brian_35m" <cadvantag@xxxx> wrote:
> John or Nenapacwanfr,
>
> How do I use this code? I tried it in indicator builder and auto
> analyzer- but the results dont look like what i was expecting.
>
> What am I doing wrong?
>
> Thanks in advance,
> Brian
>
>
> na1x" <nirvanaiam@xxxx> wrote:
> >
> > 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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