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<SPAN
class=070392719-06102002>Dimitris: if we ever begin an "Amibroker Hall of
Fame", you and just a few others will be in it for leaving so many provocative
and useful indicators and systems for the AB community to try, work with, and
enjoy (hopefully). I thank you.
<SPAN
class=070392719-06102002>
<SPAN
class=070392719-06102002>Ken
<FONT face=Tahoma
size=2>-----Original Message-----From: Dimitris Tsokakis
[mailto:TSOKAKIS@xxxx]Sent: Sunday, October 06, 2002 2:52
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker]
Intermediate and final exit
There are two exit methods when a bullish rally
occurs.
Intermediate exit and re-entry, if the trend is still there
and a final exit when the trend is exausted and over.
Two RSI variations give a nice solution with a change of a
period parameter.
Apply in ind. builder the
/*Intermediate
exits*/N1=20;F1=(RSI(N1)+RSI(2*N1)+RSI(3*N1/2)+RSI(5*N1/2))/4;F11=(sqrt(MA(F1,N1/2)*F1));Plot(DEMA(F1,10),"FAST",1,8);Plot(DEMA(F11,10),"SLOW",4,1);
and the
/*Final
exit*/N1=40;F1=(RSI(N1)+RSI(2*N1)+RSI(3*N1/2)+RSI(5*N1/2))/4;F11=(sqrt(MA(F1,N1/2)*F1));Plot(DEMA(F1,10),"FAST",1,8);Plot(DEMA(F11,10),"SLOW",4,1);
If a bullish rally occurs, you may use partial exits E1, E2
[above]of a final exit E [below]The same functions may be used in a
bearish rally.Short at S1 and Cover at intermediate C1, C2, C3 or at a final
C.Note also that the black line is very sensitive and feels the price
changeswithout lag, consequently is a good trend follower.
Dimitris TsokakisPost
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