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Bob, If I understand you,
the normal way is to continue in the current direction if a new box can be
added, if not then look at the opposite direction for the reversal can be
constructed. you are saying to look at the reversal first before the
continuation. Interesting concept. You could easily do this just by altering the
sequence of the coding for the P&F chart.
The logic I think is
currently:
(If Down) Continue Down
-no- Reverse Up -yes- Continue UP -no- Reverse Down -yes [return to
start]
the alternative you
describe would be
(If down) Reverse up -no-
Continue Down - Reverse Up (in a cycle until Reverse Up is yes,
then)
Reverse Up - yes -
Reverse Down -no- Continue Up -yes-Reverse Down -no-cycle on till Reverse
Down gets a yes
Could be done I guess, good
luck
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<B
><I
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>Cheers<SPAN
class=GramE>,<?xml:namespace prefix = st1 ns =
"urn:schemas-microsoft-com:office:smarttags" /><st1:PersonName
><B
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>Graham
<A
href=""><SPAN
>http://groups.msn.com/ASXShareTrading
<A
href=""><SPAN
>http://groups.msn.com/FMSAustralia
<FONT
face=Tahoma size=2>-----Original Message-----From: Bob Jagow
[mailto:bjagow@xxxxxxxxxxx] Sent: Thursday, 12 June 2003 4:15
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker]
Re: Graham Kavanagh - - P&F?
Graham,When I use TechnifilterPlus P&F charts and
indicators, there is an additional choice, whether to reverse the order of
first and next when drawing the boxes. I've
copied the TF+ narrative for Os below; Xs should be self-evident.
I believe the given order is more common, but have found the
reverse useful in some cases.Which do
you use?Bob
---Charting OsWhen charting Os for the next day,
we [first] look at the lowest price and ask: "Do we
reverse to an X column?" To get the answer, we look at the high price and ask:
"If I plot this high, will it be 3 (or more) boxes higher than the bottom of
the current O column?" If the answer is yes, we reverse to an X column. In the
new X column, we place an X at the highest price (which must be at least three
boxes higher than the lowest O in the previous O column). Then, we plot enough
Xs to connect the X at the high to the box immediately above the lowest O in
the previous column.If the answer is no, we [next]
ask: "Do we chart a new O for this price?" If the answer is yes, we plot the
O, cover any gap in the O column, and repeat this question for the next day.
If the answer is no, we don't plot anything; we proceed to the next day and
restart our procedure.-----Original Message-----From: Graham [<A
href="">mailto:gkavanagh@xxxxxxxxxxxxx]Sent:
Wednesday, June 11, 2003 8:57 PMTo: amibroker@xxxxxxxxxxxxxxxSubject:
RE: [amibroker] Re: Graham Kavanagh - - P&F?aequalszI have
read the Dorsey book too, and some othersI also used the following
websites as assistance for use of P&F<A
href=""
target=_blank>http://members.ozemail.com.au/~sarcher/<A
href=""
target=_blank>http://www.stockcharts.com/education/How/AnalysisTools/pnfCharts.htmlPlus
a few othersOne thing I note about most references is that they use the
HiLo P&F, withthe box size varying according to the price range. My
basic P&F for bothClose prices and HiLo is sizing the box on the last
range of prices, andassign that box size to all the chart. I have produced
a PF that hasvariable box sizes according to the price ranges, but it can
be hard to useas it needs to be broken into the number of boxes on the
Yaxis. You need toconvert this back to prices, although I have done that
in the title of thechart for a selected column. This has the file name
incorporating Vbox init, not certain if it is on the yahoo or AB websites,
but I believe I didsend a version of it to my website.Not certain
what you mean by Brand of P&F.Cheers,Graham<A
href=""
target=_blank>http://groups.msn.com/ASXShareTrading<A
href=""
target=_blank>http://groups.msn.com/FMSAustralia-----Original
Message-----From: aequalsz [<A
href="">mailto:aequalsz@xxxxxxxxx]Sent:
Thursday, 12 June 2003 9:26 AMTo: amibroker@xxxxxxxxxxxxxxxSubject:
[amibroker] Re: Graham Kavanagh - -
P&F?Graham,Thoroughly checked your code and was
impressed by your efforts -although I did make a few superficial
mods. Don't actually knowmuch about P&F charts so I checked out
"Point & Figure Charting" byThomas J. Dorsey and from that book was
able to better understandthe P&F method. I decided to follow his
methodology, at least asclosely as I could. Also was wondering what
"brand" of P&F you useor what references do you use? Thanks
again for the code and foryour help.a--- In
amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:>
Mike> 1. I have not found any bugs in the latest Beta version.>
If you instal the beta version it only updates the operatingfiles, not
any> of your settings, afls etc. At least I have had no problems 2.
Your> choice to use latest or not. I changed it as my
earlierversions> were set around a price scale in cents. The new is
in dollars. 3. I> won't comment on other software. My P&F works
well enough forme. But> because the charts can be based on
different factors including boxsize &> method of sizing,
reversal amount and style, what price (HiLo orClose). I> made every
endeavour for the PF chart to be correct. If you findan error>
within the formula let me know.>>> Cheers,>
Graham> <A href=""
target=_blank>http://groups.msn.com/ASXShareTrading> <A
href=""
target=_blank>http://groups.msn.com/FMSAustralia>>>
-----Original Message-----> From: mroman59 [<A
href="">mailto:mroman59@x...]> Sent: Thursday, 12
June 2003 8:50 AM> To: amibroker@xxxxxxxxxxxxxxx> Subject:
[amibroker] Graham Kavanagh - - P&F?>>>
Graham>> I was using an earlier version of P&F in 4.30. I
know that I needI> get V4.38 to use your most recent version of
P&F.>> Questions:>> 1. V4.38 is beta version,
since it is beta are there any bugsstill> in the program and if we
download it will it overwrite 4.30. Could> we be asking for technical
problems by using 4.38?>> 2. Since your previous version of
P&F works in 4.30, then whywould> we want to use your latest
version of P&F?>> 3. I compared your P&F chart to
another program on the web forP&F,> for various stocks. The
patterns were not close in appearance.While> I know that P&F
can vary in its programing to meet the usersneeds,> just like using
a different MA, shouldn't patterns look similar to> some
degree.>> The website I was looking at is www.jcharts.com. Just
click on> member icon, entry is free. Then you have an option to put in
your> stock of interest. After that, you can use a drop down menu
to> choose the chart style.>> If you have time and don't
mind looking, I would appreciate it.>> Thanks> Your aways
a big help> Mike>>>>
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