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Jayson,
Yes, you are right....as long as your stock is below 100..the formula
will return a value..
I agree with 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 12000 ever be returned?"...either we are doing something wrong with
the formula or there is something amiss here....Maybe Tomasz will step
in and explain so we all can have a clear understanding....
Keep up the Good Work
Thank you
Anthony
Jayson wrote:
> Anthony,using thisTitle="max high "+WriteVal(Maxr,1.2)+ " Min Low
> "+WriteVal(Minr,1.2); I get the following result on any number of
> stocks.....
>
> 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
> -----Original Message-----
> From: Anthony Faragasso [mailto:ajf1111@xxxxxxxx]
> Sent: Monday, March 10, 2003 12:59 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: RE: [amibroker] barvisible and lowest low ?
>
> Jayson,
>
> I did try it..but it always returned a value of 100 for lowest
> low....never
> the lowest low of the bars visible....you might want to check your
> formula
> you 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...Not
> really 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
> Tirone
> levels I posted earlier. It made no sense to me either "
>
> The RSI is bounded by 0 and 100...that is why Tomasz ( I Believe )
> used
> those values....Now, when dealing with Stocks...etc...they need to be
> bounded by some higher value ( example..the DJI was close to 12,000 at
> one
> time)...So, we need to bound the tickers...in my formula I am using 0
> and 12
> 000..
>
> Does this help explain.....
>
>
> Anyway, I found what works and after reading the description given for
>
> Tirone Levels at the following link:
> http://www.marketscreen.com/help/atoz/default.asp?Num=103
>
> I believe the calculation for Tirone Levels ( MidPoint Method ) is as
> follows:
>
> // 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
> Tirone
> levels I posted earlier. It made no sense to me either but then
> Highest and
> Lowest, by definition in the help files, should return the highest
> value
> over the entire chart yet when used in this code it only reflects the
> bars
> visible..Try it, It works.... Perhaps TJ can answer why
>
> Jayson
>
>
>
>
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