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For example : todays CSCO H=14.05 and L=13.67 seem to be the final H,
L values. This hypothesis makes the StochD a monoparametric function
of final Close, half an hour before the end. Frankly speaking, I
would not trust any probable scenario...
It is VERY IMPORTANT for StochD(13) to make a peak or not. The final
EOD will decide, all the rest is nearly useless.
DT
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS <TSOKAKIS@xxxx>"
<TSOKAKIS@xxxx> wrote:
> Rik,
> there is nothing personal, I wrote I do not know the stockanalyser
> and its creator.
> It is essential to understand that the hypothesis RocClose==RocHigh
> is wrong, it happens by coincidence
> [for example, two consecutive bullish bars with Close==High] and
can
> not be used as a "simple" or "simplistic"
> hypothesis. Sometimes we "know" 10 min before the end that StochD
> WILL cross the threshhold. I speak for these
> bullish days when L>Ref(H,-1) and H>L and the probable C is also >L
> and you may decide that nothing will change
> the last 10 min, BUT, it is not ALWAYS true. Stochastic, as a 3-
> parametric function is quite painful and risky for any
> prediction. It is better to wait for the final EOD. [I do not
always
> apply this rule, but I have to...].
> AHOLD was a good example. the stock was ready to give a buy signal,
> it was still in SELL/SHORT phase. If you wanted
> to catch the early birds, you should suffer from a severe -65%
> penalty, if you were waiting for a CONFIRMED buy signal
> you could avoid this [well prepared] trap. We usually want to
> predict, but, trading is not prediction alone, intraday management
> needs cold blood and quick decisions. Many traders shorted AHOLD at
> todays Open and made a small fortune, some others
> bought at open, because they know better etc. The 73M shares speak
> much better than these lines do...
> DT
> --- In amibroker@xxxxxxxxxxxxxxx, "Rik Rasmussen" <hrasmussen@xxxx>
> wrote:
> > I am NOT the developer of the Stock Analyzer, only a user and
> moderator of
> > the yahoo group.
> >
> > I do NOT claim the feature has merit. I was only referring to it
as
> an
> > example of an idea that might be adaptable to Amibroker. I am
sure
> a more
> > useful design is possible. The Stock Analyzer is a nice little
> application
> > with some clever features but is no where near being in the same
> league as
> > Amibroker.
> >
> > Most of the SA users are aware of the weakness you mention. To us
> it is a
> > "toy" feature, just something to play with. In fact, I have never
> used it
> > for actual consideration.
> >
> > A similar future bar that is based on recent range average might
> work as a
> > "what if" tool.
> >
> > Rik Rasmussen
> > Stock Analyzer mailing list moderator
> > http://groups.yahoo.com/group/stockanalyzer/
> >
> >
> > ----- Original Message -----
> > From: <TSOKAKIS@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, February 25, 2003 7:52 AM
> > Subject: [amibroker] Re: looking into the future
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Rik Rasmussen"
<hrasmussen@xxxx>
> > wrote:
> > > The feature in SA does set OHLC all to the same calculated
future
> > price
> > > based on the % change you input.
> > >
> > > Obviously, this is not most desirable, but does allow some
> > speculation.
> >
> > Rik,
> > how often the % change of Close is the same with the % of High ?
> > The statistics is dramatic.
> > In 788 bars since Jan3, 2000, we have 787 ROCs per N100 stock, ie
> > 79487 ROCs [include the 100 N100 stocks plus the index ^NDX]
> > From an exploration
> >
> > ROCclose=ROC(C,1);
> > ROChigh=ROC(H,1);
> > Filter=ROCclose==ROChigh;
> > AddColumn(ROCclose,"");
> > AddColumn(ROChigh,"");
> > AddColumn(LastValue(Cum(1)),"");
> > I see 78 results, ie ~1/1000,
> > from
> > ROCclose=ROC(C,1);
> > ROClow=ROC(L,1);
> > Filter=ROCclose==ROClow;
> > AddColumn(ROCclose,"");
> > AddColumn(ROClow,"");
> > I see 86/79487
> > and if I try your suggestion ROChigh==ROCclose==ROClow it is
> > impossible.
> > Consequently, you hypothesis for same % is out of reality and does
> > not allow any speculation.
> > It is not easy and you should reconsider the hypothesis, perhaps.
> > Thank you for your reply.
> > Dimitris Tsokakis
> > > Also, volume is left blank so indicators using volume break
also.
> > >
> > > Rik Rasmussen
> > > Stock Analyzer mailing list moderator
> > > http://groups.yahoo.com/group/stockanalyzer/
> > >
> > > > -----Original Message-----
> > > > From: DIMITRIS TSOKAKIS <TSOKAKIS@xxxx> [mailto:TSOKAKIS@x...]
> > > > Sent: Tuesday, February 25, 2003 6:50 AM
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Subject: [amibroker] Re: looking into the future
> > > >
> > > >
> > > > Rik,
> > > > I do not use the Stockanalyser, but, let me ask a question.
> > > > Suppose that today´s StochD is 68 and I need a 70 cross to
> obtain
> > my
> > > > sell criterion.
> > > > As known, StochD is a function of C, H and L.
> > > > How do you overcome this fact?
> > > > Do you give all the probable C, H, L combinations that will
give
> > > > tomorrow´s StochD above 70 ? It would be rather confusing...
> > > > Or you speak for monoparametric indicators only ?
> > > > It would help to know what we ask from amibroker and Tomasz
may
> > > > materialise it, sooner or later...
> > > > DT
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "Rik Rasmussen"
> > <hrasmussen@xxxx>
> > > > wrote:
> > > > > In the Stock Analyzer we have a feature that allows you to
> > create a
> > > > > hypothetical price for tomorrow at a +/-% you set. This then
> > > > creates a
> > > > > fictitious price on the charts for tomorrow. You can then
see
> > the
> > > > result on
> > > > > the price and indicator charts. By playing with the %, you
can
> > see
> > > > what
> > > > > price action will be required for a certain indicator
> condition.
> > > > When done,
> > > > > you turn it off and your charts are restored without the
> > tomorrow
> > > > price.
> > > > > This feature is called "Signal Forecast and Estimation."
> > > > >
> > > > > Perhaps a similar "what if" feature could be done in
> Amibroker.
> > > > >
> > > > > Rik Rasmussen
> > > > > Stock Analyzer mailing list moderator
> > > > > http://groups.yahoo.com/group/stockanalyzer/
> > > >
> > > >
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> >
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