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brian ,
is it O.K. to post your explanation on another website.
have come across a few other sites with formulas for MS.
http://www.geocities.com/WallStreet/Floor/5645/scans.htm
http://www.stockcentral.com.au/forum/machine/Forum32/HTML/000138.html
http://www.guppytraders.com/Metastock%20Formulas/metastock%20formula%
2023.htm
http://www.stockcentral.com.au/forum/machine/Forum32/HTML/000529.html
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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