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Steve, I have pasted the post you
made to Dimitris below. I am curious, did you simply add your
code to the bottom of Demitris's RSI trendline code? You mentioned that
you HACKED Dimitris's code. Does the word HACK
mean that you made some changes to it internally. If you did
make internal changes, I would appreciate it if you feel free to post
them.
I am satisfied with the indicators that
I have chosen to rely upon in order to determine when
to enter a position, and when to exit a position. Now I need to read the
user's manual in order to learn how to do backtesting. I am
hoping to find, or develop, backtesting code that will
find the eminent approaching breakouts that inevitably result
from converging wedge patterns.
I will explain my concept for testing for
Demitris's RSI contracting wedges just in case any other users happen to also be
interested in trading breakouts from these RSI contracting wedges. I would also
like to hear suggestions on how to further refine the concept. I want to run
several different backtests. All of these backtests will be looking
for stocks where the upper and lower RSI lines are converging. I like
to call these conditions CONVERGING WEDGES.
The criteria of these several different backtests
are described below. To start my backtest learning curve,
I will not be concerned about the slopes of the upper and lower
RSI converging lines. My only criteria is that
they must converging fairly rapidly. I think the
below names of backtests will adequately convey what the additional
filters should do.
STOCKS WITH RISING LINEAR REGRESSION.
STOCKS IN A MINOR UPTREND
STOCKS IN A MAJOR UPTREND
STOCKS WITH LEVEL LINEAR REGRESSION
STOCKS WITH NO TREND
STOCKS IN A MINOR DOWNTREND
STOCKS IN A MAJOR DOWNTREND.
I welcome all criticism of this concept of finding
breakouts from RSI wedges. Steve's post is pasted below. Ron
D
<FONT face=Arial
size=2>==========================================================================================================
<FONT face="Times New Roman"
size=3>DimitrisI took the liberty of hacking your code to do an
exploration.I added to the bottom of you code for Anticipating Next bar
Support/Resistance the following and it provides me some interesting stock
picks. I filter out thinly traded stocks and stocks that have an average
below 5 over the past month.This gives me any stocks that are tracking
higher on breakout volume. These have should have some continued
momentum. Of course I check the chart for tightness and other things after
this initial selection process.Steve<FONT
face="Courier New, Courier"
size=1>_______________________________Filter = Ar><FONT
face="Courier New, Courier" color=#ff00ff size=1>0<FONT
face="Courier New, Courier" size=1> AND as><FONT
face="Courier New, Courier" color=#ff00ff size=1>0<FONT
face="Courier New, Courier" size=1> AND <FONT
face="Courier New, Courier" color=#0000ff size=1>MA<FONT
face="Courier New, Courier" size=1>(V,<FONT
face="Courier New, Courier" color=#ff00ff size=1>20<FONT
face="Courier New, Courier" size=1>)><FONT face="Courier New, Courier"
color=#ff00ff size=1>100000
AND <FONT face="Courier New, Courier" color=#0000ff
size=1>MA(C,<FONT
face="Courier New, Courier" color=#ff00ff size=1>21<FONT
face="Courier New, Courier" size=1>)><FONT face="Courier New, Courier"
color=#ff00ff size=1>5
AND (<FONT face="Courier New, Courier" color=#0000ff
size=1>MA(V,<FONT
face="Courier New, Courier" color=#ff00ff size=1>3<FONT
face="Courier New, Courier" size=1>)/<FONT face="Courier New, Courier"
color=#0000ff size=1>MA<FONT face="Courier New, Courier"
size=1>(V,<FONT face="Courier New, Courier" color=#ff00ff
size=1>21))><FONT
face="Courier New, Courier" color=#ff00ff size=1>1.0<FONT
face="Courier New, Courier" size=1>;NumColumns = <FONT
face="Courier New, Courier" color=#ff00ff size=1>5<FONT
face="Courier New, Courier" size=1>;Column1 = <FONT
face="Courier New, Courier" color=#0000ff size=1>MA<FONT
face="Courier New, Courier" size=1>(V,<FONT
face="Courier New, Courier" color=#ff00ff size=1>3<FONT
face="Courier New, Courier" size=1>)/<FONT face="Courier New, Courier"
color=#0000ff size=1>MA<FONT face="Courier New, Courier"
size=1>(V,<FONT face="Courier New, Courier" color=#ff00ff
size=1>17<FONT face="Courier New, Courier"
size=1>);Column1Name = <FONT face="Courier New, Courier"
color=#ff00ff size=1>"MAV(3/17)"<FONT face="Courier New, Courier"
size=1>;<FONT face="Courier New, Courier" color=#ff00ff
size=1>"
"+<FONT
face="Courier New, Courier" color=#0000ff size=1>WriteVal<FONT
face="Courier New, Courier" size=1>(<FONT face="Courier New, Courier"
color=#0000ff size=1>MA<FONT face="Courier New, Courier"
size=1>(V,<FONT face="Courier New, Courier" color=#ff00ff
size=1>3)/<FONT
face="Courier New, Courier" color=#0000ff size=1>EMA<FONT
face="Courier New, Courier" size=1>(V,<FONT
face="Courier New, Courier" color=#ff00ff size=1>17<FONT
face="Courier New, Courier" size=1>));Column1Format=<FONT
face="Courier New, Courier" color=#ff00ff size=1>1.2<FONT
face="Courier New, Courier" size=1>;Column2 =
C;Column2Name = <FONT face="Courier New, Courier"
color=#ff00ff size=1>"Today's Close "<FONT face="Courier New, Courier"
size=1>;<FONT face="Courier New, Courier" color=#ff00ff
size=1>"
"+ <FONT
face="Courier New, Courier" color=#0000ff size=1>WriteVal<FONT
face="Courier New, Courier"
size=1>(C);Column2Format=<FONT
face="Courier New, Courier" color=#ff00ff size=1>1.2<FONT
face="Courier New, Courier" size=1>;<FONT face="Times New Roman"
size=3>_____________________________
Dimitris
Tsokakis // Anticipating
Next bar Support/Resistance via RSI trendlines<FONT
size=3>// An application of G. Siligardos
method// by D. Tsokakis, June
2003
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Steve Wiser
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, June 14, 2003 9:53
PM
Subject: Re: [amibroker] Siligardos
method : Another application
DimitrisI took the liberty of hacking your
code to do an exploration.I added to the bottom of you code for
Anticipating Next bar Support/Resistance the following and it provides me some
interesting stock picks. I filter out thinly traded stocks and stocks
that have an average below 5 over the past month.This gives me any
stocks that are tracking higher on breakout volume. These have should
have some continued momentum. Of course I check the chart for tightness
and other things after this initial selection
process.Steve<FONT face="Courier New, Courier"
size=1>_______________________________Filter = Ar><FONT
face="Courier New, Courier" color=#ff00ff size=1>0<FONT
face="Courier New, Courier" size=1> AND as><FONT
face="Courier New, Courier" color=#ff00ff size=1>0<FONT
face="Courier New, Courier" size=1> AND <FONT
face="Courier New, Courier" color=#0000ff size=1>MA<FONT
face="Courier New, Courier" size=1>(V,<FONT
face="Courier New, Courier" color=#ff00ff size=1>20<FONT
face="Courier New, Courier" size=1>)><FONT
face="Courier New, Courier" color=#ff00ff size=1>100000<FONT
face="Courier New, Courier" size=1> AND <FONT
face="Courier New, Courier" color=#0000ff size=1>MA<FONT
face="Courier New, Courier" size=1>(C,<FONT
face="Courier New, Courier" color=#ff00ff size=1>21<FONT
face="Courier New, Courier" size=1>)><FONT
face="Courier New, Courier" color=#ff00ff size=1>5<FONT
face="Courier New, Courier" size=1> AND (<FONT
face="Courier New, Courier" color=#0000ff size=1>MA<FONT
face="Courier New, Courier" size=1>(V,<FONT
face="Courier New, Courier" color=#ff00ff size=1>3<FONT
face="Courier New, Courier" size=1>)/<FONT face="Courier New, Courier"
color=#0000ff size=1>MA<FONT face="Courier New, Courier"
size=1>(V,<FONT face="Courier New, Courier" color=#ff00ff
size=1>21))><FONT
face="Courier New, Courier" color=#ff00ff size=1>1.0<FONT
face="Courier New, Courier" size=1>;NumColumns = <FONT
face="Courier New, Courier" color=#ff00ff size=1>5<FONT
face="Courier New, Courier" size=1>;Column1 = <FONT
face="Courier New, Courier" color=#0000ff size=1>MA<FONT
face="Courier New, Courier" size=1>(V,<FONT
face="Courier New, Courier" color=#ff00ff size=1>3<FONT
face="Courier New, Courier" size=1>)/<FONT face="Courier New, Courier"
color=#0000ff size=1>MA<FONT face="Courier New, Courier"
size=1>(V,<FONT face="Courier New, Courier" color=#ff00ff
size=1>17<FONT face="Courier New, Courier"
size=1>);Column1Name = <FONT face="Courier New, Courier"
color=#ff00ff size=1>"MAV(3/17)"<FONT face="Courier New, Courier"
size=1>;<FONT face="Courier New, Courier" color=#ff00ff
size=1>"
"+<FONT
face="Courier New, Courier" color=#0000ff size=1>WriteVal<FONT
face="Courier New, Courier" size=1>(<FONT face="Courier New, Courier"
color=#0000ff size=1>MA<FONT face="Courier New, Courier"
size=1>(V,<FONT face="Courier New, Courier" color=#ff00ff
size=1>3)/<FONT
face="Courier New, Courier" color=#0000ff size=1>EMA<FONT
face="Courier New, Courier" size=1>(V,<FONT
face="Courier New, Courier" color=#ff00ff size=1>17<FONT
face="Courier New, Courier" size=1>));Column1Format=<FONT
face="Courier New, Courier" color=#ff00ff size=1>1.2<FONT
face="Courier New, Courier" size=1>;Column2 =
C;Column2Name = <FONT face="Courier New, Courier"
color=#ff00ff size=1>"Today's Close "<FONT face="Courier New, Courier"
size=1>;<FONT face="Courier New, Courier" color=#ff00ff
size=1>"
"+ <FONT
face="Courier New, Courier" color=#0000ff size=1>WriteVal<FONT
face="Courier New, Courier"
size=1>(C);Column2Format=<FONT
face="Courier New, Courier" color=#ff00ff size=1>1.2<FONT
face="Courier New, Courier" size=1>;<FONT
size=3>_____________________________
Dimitris
Tsokakis //
Anticipating Next bar Support/Resistance via RSI trendlines<FONT
size=3>// An application of G. Siligardos
method// by D. Tsokakis, June
2003Send
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