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Peter,
thank you very much for the shorter alternative.
The PowSmooth was written one year ago. Since then, many important
features are added to AFL power.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "bluesinvestor" <investor@xxxx>
wrote:
> Dimitris,
>
> Without the JavaScript:
>
> /*PowSmooth and an application to Dratio*/
> dratio=DEMA(1000*(H-L)/(H+L),20);
>
> for(i=2;i<BarCount;i++)
> {
> t0[i]=(dratio[i]*dratio[i-1]*dratio[i-2])^(1/3);
> s0[i]=(dratio[i]*dratio[i-1])^(1/2);
> }
> PowSmooth=(s0+t0)/2;
>
> Filter=1;
> AddColumn(dratio,"DRATIO");
> AddColumn(s0,"SQRT");
> AddColumn(t0,"THIRD");
> AddColumn(Powsmooth,"PowSmooth");
> Plot(dratio,"dratio",1,8);
> Plot(PowSmooth,"PowSmooth",7,1);
>
> RRR=Powsmooth;// Replace this line with RRR=dratio; to see the usual
> Dratioresults
> D1=35;
> F1=RRR>=D1;F2=RRR<=D1;
> Sell=F2;Buy=F1;Buy=ExRem(Buy,Sell);Sell=ExRem(Sell,Buy);
> Short=Sell;Cover=Buy;Short=ExRem(Short,Cover);Cover=ExRem
(Cover,Short);
>
> Regards,
> Peter
>
> -----Original Message-----
> From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> Sent: Saturday, May 10, 2003 7:19 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] The use of the Powsmooth
>
> The basic property of the Powsmooth
> http://groups.yahoo.com/group/amibroker/message/40077
> is to filter out fast zigzags, passing through them, without
introducing
> important lags.
> When we use a cross level trading system, many times we loose money
> because of oscillation of our indicator around the
> critical cross level.
> If our cross level is "good", then we should expect [and we shall
> see...] strong ask and bid when we are close to this level.
> The result is the well known repeated whipsaws, which usually
annihilate
> our profits.
> Unfortunately, the solution is not to smooth our nervous indicator,
it
> will usually loose its charm to catch quickly the market changes.
> In this case [traders who use fast indicators will understand very
well
> this syndrom...] the PowSmooth may offer great assistance.
> Its smart curve will gently pass between the accumulated ziggy
points,
> avoid cascade entries/exits and substantially increase our profits.
> See a characteristic example in the att. gif.
> In the first case, the dratio gives 8 trades in two months, with a
final
> +13%, oscillating around the critical level D=35.
> The PowSmooth, for the same ^NDX period, gives two clear trades and
> maximizes the profits to +20%.
> [settings buy/sell/short/cover at +1open, commission 0.5%, stops
> disabled]
> The level D=35 is critical for the market, the D_ratio frequntly
> oscillates up and down, until the market takes the decision to go
higher
> or lower.
> The usual D_ratio system gives for the whole market nice profits,
+340%
> since Jan2000.
> The PowSmooth D_datio makes the difference : +940% for the same
period
> and settings.
> For ^NDX we could nearly double the profits:
> Usual D_ratio : +550%, 37trades/28winners/9losers
> PowSmooth : +1165%, 27trades/23winners/4losers.
> A +550% is not that bad, a +1165% is much better.
> For CSCO, the signal generator of this transcendental system [since
we
> "borrow" CSCO data for the basic curve] the situation needs
> no further comments : the comparison is +370% vs +2000%.
> If you use fast and ziggy indicators and Cross level systems, take a
> look at the PowSmooth, it may make you smile.
> Dimitris Tsokakis
> I use the trancendental CSCO D_ratio code
> /*Powsmooth CSCO D_ratio, written and used by D.Tsokakis, Sept
2002*/
> H=Foreign("CSCO","H");L=Foreign("CSCO","L");
> dratio=DEMA(1000*(H-L)/(H+L),20);
> EnableScript("jscript");
> <%
> dratio = VBArray( AFL( "dratio" ) ).toArray();
> s=new Array();t=new Array();
> s[0]=0;t[0]=0;
> for(i=1;i<dratio.length;i++)
> {
> {t[i]=Math.pow((dratio[i]*dratio[i-1]*dratio[i-2]),1/3);}
> {s[i]=Math.pow((dratio[i]*dratio[i-1]),1/2);}
> }
> AFL.Var("s0") =s ;
> AFL.Var("t0")=t;
> %>
> Powsmooth=(s0+t0)/2;
> RRR=Powsmooth;// Replace this line with RRR=dratio; to see the usual
> Dratioresults
> D1=35;
> F1=RRR>=D1;F2=RRR<=D1;
> Sell=F2;Buy=F1;Buy=ExRem(Buy,Sell);Sell=ExRem(Sell,Buy);
> Short=Sell;Cover=Buy;Short=ExRem(Short,Cover);Cover=ExRem
(Cover,Short);
>
>
>
>
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