|
PureBytes Links
Trading Reference Links
|
Peak to peak time intervals for ^NDX since Jan2000 are
110, 86, 91, 133, 178 days.
The ratios are
1.000, 0.782, 0.827, 1.209, 1.618
Some of them are excellent Fib ratios[0.786 and 1.618]
The question is always the same : Why 0.782 and not 0.618, why 1.618
and not 1.272]
In the historical study we shall see some Fib ratios, but NOT ALWAYS.
In real trading conditions, what shall I do the day before the
perfect 1.618 ?
Shall I sell or not ?
If I sell and the 1.618 is confirmed I will be a happy and crazy Fib
fan.
If I donīt sell and the 1.618 is confirmed I will see the profits of
Fib fans and I will try the next time.
If I sell and the 1.618 is not confirmed, I was wrong and Fib fans
will wait for the 2.618 ratio.
For me it is obvious we can not trade in this way.
Fib ratios are attractive, but after their confirmation, whenever it
comes.
DT
The simple code is
P=20;
CONDP=PeakBars(C,P)==0;
CONDP1=TroughBars(C,P)==0;
Filter=CONDP;
AddColumn(Ref(BarsSince(Filter),-1),"");
for peak to peak time intervals and
P=20;
CONDP=PeakBars(C,P)==0;
CONDP1=TroughBars(C,P)==0;
Filter=CONDP1;
AddColumn(Ref(BarsSince(Filter),-1),"");
for trough to trough time intervals.
I prefer more deterministic methods.
As for the EW, there are more serious things to do, I will not add
any comment.
--- In amibroker@xxxx, "wavemechanic" <wd78@xxxx> wrote:
>
> ----- Original Message -----
> From: Dennis_33437
> To: amibroker@xxxx
> Sent: Sunday, October 27, 2002 6:03 PM
> Subject: [amibroker] Suggestions for Taking AmiBroker to the next
level
>
>
> Tomasz,
> Here are a few suggestions.
> Using the trendline for the starting point and the last point,
> could you make it the total volume for those days, and count the
> number of days. this would be very helpful in comparing rallys
and
> declines.
>
> How about a way to count the elliot wave.
>
> Enhanced Fibonacci tools would be very desirable (along the lines
of DT), but counting EW? How? EWers cannot sit in the same room and
produce the same count ;-)
>
>
> Thank you
> Dennis
>
>
>
>
> Post AmiQuote-related messages ONLY to: amiquote@xxxx
> (Web page: http://groups.yahoo.com/group/amiquote/messages/)
>
> Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
> Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
|