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Jayson,Sorry for the +1 delay but here is a short
description of some methods to detect the significant trendsA.The
sqrt(StochD()) for various stochD periodsCreat first the composites
fromN=80;Y=sqrt(sqrt(StochD(N)*StochD(2*N)*StochD(3*N/2)*StochD(5*N/2)));fast=DEMA(Y,10);N=30;Y=StochD(N)*StochD(2*N)*StochD(3*N/2)*StochD(5*N/2)/10^6;slow=DEMA(Y,10);
AddToComposite(slow>fast,"~end","v");AddToComposite(slow,"~slow","c");AddToComposite(fast,"~fast","c");AddToComposite(1,"~count","V");Buy=0;and
then check in ind. builder
thePlot(100*Foreign("~end","v")/Foreign("~count","v"),"",7,2);//
k=Foreign("~slow","c")/Foreign("~count","v");kk=Foreign("~fast","C")/Foreign("~Count","V");//
Plot(EMA(k,10),"SLOW",5,1);Plot(EMA(KK,10),"FAST",1,1);//
Plot(EMA(KK,10)-EMA(K,10),"",9,2);the first plot gives Fig. trends1. [the
yellow bars in the middle]compare it with the recent N100 trends,
it is quite reliable and descriptive[Uncomment the rest
for further study]
[the upper fig is the
<FONT
face="Times New Roman">
N1=80;<FONT face=Verdana
size=2>// H=C;L=C;// uncomment it for mutual
funds, the have no H, L values<FONT face=Verdana
size=2>
F1=StochD(N1)*<FONT
size=2>StochD(2<FONT
size=2>*N1)*StochD(<FONT
size=2>3*N1/2<FONT
size=2>)*StochD(<FONT
size=2>5*N1/2<FONT face=Verdana
size=2>);
F1=sqrt(<FONT
size=2>sqrt<FONT
face="Times New Roman">(F1));
N2=30<FONT
face="Times New Roman">;
F2=StochD(N2)*<FONT
size=2>StochD(2<FONT
size=2>*N2)*StochD(<FONT
size=2>3*N2/2<FONT
size=2>)*StochD(<FONT
size=2>5*N2/2<FONT
size=2>)/10^<FONT
size=2>6<FONT
face="Times New Roman">;<FONT
face="Times New Roman">
Plot(DEMA<FONT
size=2>(F1,10),<FONT
size=2>"FAST",1<FONT
size=2>,8<FONT
face="Times New Roman">);<FONT
face="Times New Roman">
Plot(DEMA<FONT
size=2>(F2,10),<FONT
size=2>"SLOW",5<FONT
size=2>,8<FONT
face="Times New Roman">);
GraphXSpace=3<FONT face=Verdana
size=2>;
We may also have an idea about the measure [strength] of these
trends and finally have both, qualitativeand quantitative description for
the bullish trends and the real bullish/bearish proportion, using a
simple100*cum(yellowbars!=0)/cum(1). This simple result dictates your
realistic strategy about Long or Shortmarket intensions. If you see in the
future the proportion slowly changing for the benefit of bulls, you
willgradually change your techniques, following the market and not any
illusions. For the time being, the yellow bars speak better than words. The
mix of various StochD() periods gives some guarantees thatyou follow a wise
and cool trading profile [you follow the trend AFTER it is confirmed, you leave
[please]the trend when it is over]When the yellow bars dissappear, any
bullish idea is not profitable in the medium term. The market WILLmake
bullish expansions, the duration WILL BE short. If you are quick and catch some
minor trends, it is OK, BUT, be ready to pull the trigger ASAP, these quick
profits are sweet but easily turn to losses !!As long as the yellow bars
grow up and increase their [uninterrupted] magnitude, it is wise to wait for
higherprices for the market. Double peaks are also gently described and, in
general, this tiny indicator will not send you to the opposite direction,
even if you follow it till the last yellow bar before zero.But, Frankfurt
opens in 3min, let me see it, I will continue with B.Dimitris
Tsokakis
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