[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: divergence in price-indicator (How)



PureBytes Links

Trading Reference Links

Stephane,
As I wrote, "Simply remove the Lastvalue, whereever it is ..."
Is it clear now ?
Dimitris Tsokakis
--- In amibroker@xxxx, "nenapacwanfr" <nenapacwanfr@xxxx> wrote:
> Hi, dimitri,
> 
> perhaps I am "blind" , but the code for trendlines is written with 
> lasvalue
> 
> pS = troughBars( s1, per, 1 ) == 0;
> endt= lastvalue(ValueWhen( pS, x, 1 ));
> startt=lastvalue(ValueWhen( pS, x, 2 ));
> dtS =endt-startt;
> endS = lastvalue(ValueWhen( pS, s1, 1 ) );
> startS = lastvalue( ValueWhen( pS, s1, 2 ));
> aS = (endS-startS)/dtS;
> bS = endS;
> trendlineS = aS * ( x -endt ) + bS; 
> 
> > Stephane,
> > Trendlines work for the whole range.
> > [Did you see the recent Hang Seng Index example ?]
> > Simply remove the Lastvalue, whereever it is and that s it.
> > From any trendline equation you can get the slope.
> > A positive divergence is when the slope of support of C is 
negative 
> > and the slope of support of RSI is positive.
> > Then you may explore, scan, optimize and backtest.
> > Dimitris Tsokakis
> > [without & Co ] 
> > --- In amibroker@xxxx, "nenapacwanfr" <nenapacwanfr@xxxx> wrote:
> > > hello,
> > > 
> > > it is a good subject
> > > dimitri & Co have given various example with trendlines, but it 
> > works 
> > > only with lastvalue
> > > and we can't backtest it.
> > > of course we can visualize them with the simulator.
> > > 
> > > one caveat of divergence is that we know it too late...
> > > 
> > > stephane
> > > 
> > > 
> > > 
> > > > How to program in AFL a divergence between the price and and 
> > > > indicator such as RSI? Thanks