|
PureBytes Links
Trading Reference Links
|
Based on these exhausted stocks, maybe this can be
developed into a scan for finding retracements during uptrends, and another
version for finding bounces during downtrends. Ron D
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=jcasavant@xxxxxxxxxxxx
href="">Jayson
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Monday, June 02, 2003 8:29 AM
Subject: RE: [amibroker] Re: Market
Thermometer
<SPAN
class=031242413-02062003>DT,
<SPAN
class=031242413-02062003>perhaps what we are seeing is signs of exhaustion
rather than buy signals when the value jumps. A quick look through a universe
sorted by temp shows a list of very extended stocks.....
Regards,
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: DIMITRIS TSOKAKIS
[mailto:TSOKAKIS@xxxxxxxxx]Sent: Monday, June 02, 2003 3:49
AMTo: <A
href="">amibroker@xxxxxxxxxxxxxxxSubject:
[amibroker] Re: Market ThermometerMark,Anyway,
from the trading point of view, the described rules and expectations
are totally catastrophic.Both crossovers place the Long system
between -75% and
-85%TheSell=Cross(MAtemp,temp);Buy=Cross(temp,MAtemp);gives
ONLY two profitable stocks for the N100 database.[+7% and +74%]All the
rest have severe losses, the best is at -21% !!The
alternativeBuy=Cross(matemp,temp);Sell=Cross(temp,MAtemp);ranks
the profits between -44% and -99%.The describedA) The best time
to enter a new position is when mkt thermometer falls below its
MA.B) exit positions when Mkt Thermometer rises to triple the height
of it's moving
average.orBuy=Cross(MAtemp,temp);Sell=temp>3*MAtemp;is a
bit better, -15% for the market [since Jan2000], but +48% for the last 165
[bullish] bars.[note however that the B&H for the last 165 bars was
+53% !!]The next point C) get ready for an explosive move if the
Thermometer stays below its MA for 5-7 trading day.seems
reasonable:Buy=BarsSince(temp<=MAtemp)==4;Sell=BarsSince(Buy)==6;is
not loosing much money, but, it is far from interesting profits.As you
see, AFL gives quick own check for these "bright" ideas.Dimitris
Tsokakis--- In amibroker@xxxxxxxxxxxxxxx, "MarkF2"
<feierstein@xxxx> wrote:> DT- Actually, if Elders' Market
Thermometer measures how far the most> extreme point of today,
either high or low, protrudes *outside* of> yesterday's range (as the
original poster wrote), then it would be> more accurate to assign a
value of 0 to inside days instead of> calculating abs (inside days are
the only time negative values would> occur).> Temp =
IIf(Inside()==1,0,Max(H-Ref(H,-1),Ref(L,-1)-L)); > But good point on
the relative values.> > Mark> > --- In
amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx>> wrote:> > A good description is
at> > <A
href="">http://www.purebytes.com/archives/omega/2002/msg04479.html>
> To avoid negative values, he calculates abs and then introduces an
> > average of the temp, to define entry/exit points.> >
The above description is similar to AFL> > > >
TEMP=Max(abs(H-Ref(H,-1)),abs(Ref(L,-1)-L));> >
Plot(TEMP,"temp",1,2);Plot(MA(temp,22),"average temp",4,1);> >
> > The basic disadvantage of this temp is the deal with absolute
prices.> > Recent CSCO temp is 0.3 to 0.6.> > Two
years ago it was ten times today´s values.> > You may have better
relative values with> > > >
RELATIVETEMP=Max(abs(H-Ref(H,-1))/MA(H,3),abs(Ref(L,-1)-L)/MA(L,3));>
> Plot(RELATIVETEMP,"Relative temp",1,2);Plot(MA> >
(RELATIVETEMP,22),"average temp",4,1);> > > > DT>
> --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx> > > wrote:> > > --- In
amibroker@xxxxxxxxxxxxxxx, "dtfreak1025" <dtfreak1025@xxxx> >
> > wrote:> > > > Hi Group;> > >
> I am trying to get the following Windows on Wall
St.> > > > formula into AmiBroker.> > > >
> > > > if(hi<ref(hi-1)and lo>ref(lo,-1),0,if ((hi -
ref(hi,-1))>> > > > (ref(lo,-1) - lo), hi -ref(hi,-1),
ref(lo,-1) - lo))> > > > > > > > The Formula
is:> > > > > > > > Temperature = the greater
of either (HIGHtoday - HIGHyesterday)or> > > >
(LOWyesterday - LOWtoday)> > > > > > Follow this
definition and simply use> > > > > >
temperature=Max(H-Ref(H,-1),Ref(L,-1)-L);> > > > > >
Dimitris Tsokakis> > > > > > > Elders' Market
Thermometer measures how far the most extreme > > point >
> > of > > > > today,either high or low, protrudes
outside of yesterdays > > range.The > > > > greater
the extension of todays bar outside of yesterday's, the > > >
> higher the Market temperature.> > > > > > >
> > > > > Any help would be appreciated> > >
> TIA to all.Send BUG REPORTS to
bugs@xxxxxxxxxxxxxSend SUGGESTIONS to
suggest@xxxxxxxxxxxxx-----------------------------------------Post
AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check
group FAQ at: <A
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Send
BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to
suggest@xxxxxxxxxxxxx-----------------------------------------Post
AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check
group FAQ at: <A
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|