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RE: [amibroker] barvisible and lowest low ?



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<SPAN 
class=167091406-10032003>Anthony,
<SPAN 
class=167091406-10032003> 
<FONT 
size=2>using this
<FONT 
size=2> 
<FONT 
size=2><FONT 
color=#000000>Title=<FONT 
color=#ff00ff>"max high "+<FONT 
color=#0000ff>WriteVal(Maxr,<FONT 
color=#ff00ff>1.2)+ " Min 
Low "+WriteVal<FONT 
color=#282828>(Minr,1.2<FONT 
color=#282828>);  I get the following result 
on any number of stocks.....
<IMG align=baseline alt="" 
border=0 hspace=0 src="gif00127.gif">
How ever you are absolutely correct when 
placed on an index like the DJ30 it fails. Looking at your description this does 
explain why it failed for you. What I still do not understand is why it needs to 
be bound at all. Since the low and high are clearly visible why would zero or 
1200 ever be returned? If you see the bars on the chart then barvisible will 
always be 1 (true). Therefore both iff statements should return your H or Low 
or, in my code, close. Zero or 1200 should not come into play. Should 
it?
I did use Closing data in my calculation. My 
thought was that this would filter some wild fluctuations that may not 
accurately reflect the support/resistance levels. I personally would be more 
interested in where the stock settles than what occurred in a wild open. Your 
version more accurately represents the spirit of the authors, thanks for sharing 
it.  
 
Jayson 
 
 
<FONT face=Tahoma 
size=2>-----Original Message-----From: Anthony Faragasso 
[mailto:ajf1111@xxxxxxxx]Sent: Monday, March 10, 2003 12:59 
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker] 
barvisible and lowest low ?Jayson, I did try 
it..but it always returned a value of 100 for lowest low....neverthe lowest 
low of the bars visible....you might want to check your formulayou posted 
earlier...try adding this at the end : Title="minr ="+WriteVal(Minr,1.2); 
Also, in your formula you are using the Close to make the 
calculations...Notreally Tirone Levels as per the Description...is this your 
personal choice ? To explain this: "I found this in Tomasz's example 
of the FibRSI and used it in the Tironelevels I posted earlier. It made no 
sense to me either " The RSI is bounded by 0 and 100...that is why 
Tomasz ( I Believe ) usedthose values....Now, when dealing with 
Stocks...etc...they need to bebounded by some higher value ( example..the 
DJI was close to 12,000 at onetime)...So, we need to bound the tickers...in 
my formula I am using 0 and 12000.. Does this help explain..... 
Anyway, I found what works and after reading the description given 
forTirone Levels at the following link: <A 
href="">http://www.marketscreen.com/help/atoz/default.asp?Num=103 
I believe the calculation for Tirone Levels ( MidPoint Method ) is 
asfollows: // Tirone Levels adjusted to visable bars //MidPoint 
Method barvisible= Status("barvisible"); maxh = 
LastValue(Highest(IIf(barvisible ,H,0))); minl = LastValue(Lowest 
(IIf(barvisible ,L,12000))); ranr = maxh - minl; Plot( C, "", 
colorBlack,styleCandle ); Plot( maxh-(ranr/3) , "Top", colorGrey50 ); 
Plot( minl+ (ranr/2), "Mid", colorPaleGreen ); Plot( minl+(ranr/3) , 
"Bott", colorPaleBlue ); PlotGrid(Maxh,colorYellow); PlotGrid( minl 
,colorYellow ); GraphXSpace = 3; Title=Name()+" - "+"Tirone Levels ( 
MidPoint Method )" +"-- Top = +WriteVal(maxh-(ranr/3),1.2)+"-- MidPoint = 
"+WriteVal(minl+ (ranr/2),1.2)+"--Bot = "+WriteVal(minl+(ranr/3),1.2); 
Anthony -------Original Message------- From: 
amibroker@xxxxxxxxxxxxxxx Date: Monday, March 10, 2003 00:25:26 To: 
amibroker@xxxxxxxxxxxxxxx Subject: RE: [amibroker] barvisible and lowest low 
? Anthony, I am not sure but it seems to work  :) I 
found this in Tomasz's example of the FibRSI and used it in the Tironelevels 
I posted earlier. It made no sense to me either but then Highest andLowest, 
by definition in the help files, should return the highest valueover the 
entire chart yet when used in this code it only reflects the 
barsvisible..Try it, It works.... Perhaps TJ can answer why Jayson 
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