|
PureBytes Links
Trading Reference Links
|
Hi, Jayson,
This is Thomas. I knew it would come to this, when I said visually it is easy, I neglected to say that to precisely identify them is difficult, that is why I want to use AFL. Just like Fib level, you can look at the chart and declare that the levels are somewhere around some price area but you are never sure, and calculate them is tedious without program help. Anyway, here is a hand drawn chart. 1) verical lines are some of the thresholds (apparently NOT all) identified during the process. RED: highest LOWs BLACK: lowest HIGHs 2) Horizontal lines are estimated trend change levels I visually set them there, using the 10% number, just a rough estimate RED: cross up to confirm an UP trend YELLOW: cross down to confirm a DOWN trend 3) You use lowest HIGHs identified by BLACK lines to find the next UP trend level (RED) You use highest LOWs identified by RED lines to find the next DOWN trend level (YELLOW) 4) As you can see, E, F, I are UP trend levels not triggered. I hope this chart helps clear my text explanations. Thanks Thomas
Do you Yahoo!?
Yahoo! Shopping - Send Flowers for Valentine's Day
Yahoo! Groups Sponsor
ADVERTISEMENT
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(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 the Yahoo! Terms of Service.
Attachment:
Description: ""
|