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Dimitris,
I've always looked at percentages as you
suggest, but when it comes to the eminis basing indicators on points has kept my
methods closer to form than percentage values. The intraday volatility in points
is closer to what it was a year ago than it is in percentage. A point is still
20 or 50 dollars depending on contract, and the intraday point movement hasn't
changed much.
Esteban
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
DIMITRIS
TSOKAKIS
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, October 31, 2002 1:50
AM
Subject: [amibroker] Re: peak - trough
with variable
Any formula including Zig, Peak, Trough and related
functions has only historical value, since it can not be used in real
trading conditions [looks into the future].I wonder for the valueof a
6/C*100 when the recent C is 10 and it was 40 six months ago. In real
trading we always live with the local percentage, we want to take a +5%
profit, no matter of absolute values.During a bullish day we willhave
this +5% for 1$ and [equally] for 50$ or 100$ stocks or 1000 indices.I
do not see any sense in a C-functional percentage. On the other side I
suppose peak() does not accept variable percentage.Just some thoughtsfor
your [interesting] question.DT --- In amibroker@xxxx, "Jayson"
<jcasavant@xxxx> wrote:> > Esteban,> >
> I'm wanting to find the last peak based on a fixed number of
points, rather> than percentage. So I set a variable to the fixed
points value I want> divided by the high * 100 to give me a
percentage to use in the peak> formula. But I get an error. Maybe the
function needs a value not subject> to fluctuation for
its underlying calculations. Is there a way I can use> this
function with a fixed number of points?> > MinRetracement = 6/C
* 100 ; This gives a value of 1.2 percent when C =500.> >
PeakValue = Peak(H,1.2,1) ; This finds the peaks like I want, when price
is> in the range of 500.> > PeakValue
Peak(H,MinRetracement,1) ; Gives an error.> > you want the peak
of peakvalue. since peakvalue is a high you should ask for>
peak(peakvalue...... your change setting must be constant so ask for
the> lastvalue of minretracement....> > try......>
> MinRetracement = 6/C * 100 ;> > PeakValue =
Peak(H,1.2,1) ;> > Peak(peakvalue,LastValue(MinRetracement),1)
;> > jayson> > >
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