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--- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
Jayson,
Thanks for the information. I understand your point but I'm using
the EOD data and what I would like to do is to use this indicator as
a scan to pick up those stocks that have started on the upside of
the swing so that I can cone down on those charts for review.
Currently, I've been having to go through each chart manually to do
this, I was hoping that this would be one way to speed up the
process. I agree that by itself it may not be an appropriate
indicator to generate buy/sell signals. I am just looking for an
easy way to try and narrow down the database to a manageable number
of stocks (10 or so) that I can then watch the next day in real
time. Can that process be done with this indicator? If so, could
you help me with writing the code.
Thanks,
Ron
> Ron,
>
> You really should not use any indicator using zig to choose entry
at the
> turns. The reason for this has been hashed over dozens of times on
this
> forum but a quick summary is that the leg (turns) may well change
in real
> time. Check the archives for a more thorough discussion of
Zigzag. My
> indicator is designed instead to compare the current swing to the
past 3
> swings in the same direction.
>
> Jayson
> -----Original Message-----
> From: rmortonmd [mailto:ronmd@x...]
> Sent: Thursday, April 24, 2003 11:39 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: trends
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> Jayson,
>
> Very impressive study, all of the stocks that I have been watching
> would have been picked up much earlier than I did by manually
> looking at the charts. Is it possible to set up a scan where you
> could look at stocks after they are say 3-4 days (or some other
> appropriate #) after the upturn of the latest swing? Any help in
> setting this up would be appreciated.
> ron
>
> > Rick,
> >
> > a picture is worth a thousand words....
> >
> >
> >
> > In this chart the current swing direction is up, therefore I am
> calculating
> > Impulse waves. Swing 1 is the previous wave up, swing 2 the wave
> prior and
> > swing 3 the wave prior to that. The top the chart identifies
which
> direction
> > the calculations are being made for. If you wanted to see the
> calculations
> > for the reaction waves (the down waves) use the parameter switch.
> The first
> > line "Bars since swing" is giving the running calculation of the
> swing in
> > progress, The averages are based on the prior 3 swings and does
> not include
> > the swing in progress.
> >
> > The green bars are marking the the first bar after the turn, the
> white bar
> > marks the first bar considered in the ATR look back. If the state
> was down
> > the red bars would be marking the first bar after the down swing.
> >
> > Elliot and Miner view Impulse and reaction moves as different
> animals. When
> > calculating the up moves you use data from previous up moves when
> > calculating down moves you use data from previous down moves.
> >
> >
> > Jayson
>
>
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