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Eugene,
So...are you saying the pattern you are looking
for **as your example** is down 2 days followed by up 5 days...then what
happens next....
Anthony
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=johngalt1234@xxxxxxxxx
href="">Eugene
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, June 22, 2003 10:12
PM
Subject: [amibroker] Re: Price
Persistency
Anthony,counting the runs up and down runs is
great...I am more interested theaction after the run so that gives me a
statistical probability ofwhat to expect.so if the run was 2 down and
then 5 up. Historically if I knew whatthe action was subsequent to that 5
up run....It might help me developa trading system.Got any
ideas??ThanksEugeneIn amibroker@xxxxxxxxxxxxxxx,
"Anthony Faragasso" <ajf1111@xxxx> wrote:> Dom,> >
Price Persistency is the number of days that a market continues toclose
either up or down. It's another term for a market run. As
anindicator, price persistency is a measure of a very short term
trendbased only on the history of the market's movement, unfiltered by
anycomplex calculation; all it involves is counting.> > The
advantage of price persistency is in its simplicity. The marketis
currently in a run or it isn't. It's either been down three days ina row
or it hasn't. > > OverView:> > If you look
at each day individually, the odds are nearly 50-50 thatthe market would
be up ( or down ) the next day. However, as thesequences run in
either direction, the likelihood of the runcontinuing generally grows
smaller.>
>/------------------------------------------------------------------------------------/>
> I do not follow you with respect to **messing with
theformula**,,,Would you care to share your altered formula...so I
maygive a more complete response...> > Anthony>
> > > > ----- Original Message -----
> From: dom1_1998 > To:
amibroker@xxxxxxxxxxxxxxx > Sent: Sunday, June 22, 2003
8:28 PM> Subject: [amibroker] Price Persistency>
> > Hi Anthony:> > Being
totally ignorant of programming I started messing with
your> price persistency formula. >
> To avoid any previous numbers being included in the
higher numbers I> isolated each pattern on its own.
For example:> > Symbol !ADR(,qp2 symbol)251 bars
loaded using your formula I get:> > 127 1dayup, 123
1daydn, 67 2dayup, 63 2daydn, 31 3dayup, 30 3daydn,> 17
4dayup, 12 4daydn and 11 5dayup, 4 5daydn.> >
Isolating each pattern I now get:> 24 1dayup, 27 1daydn, 22
2dayup, 14 2daydn, 8 3dayup, 10 daydn> 2 4dayup, 6 4daydn,
1 5dayup, 1 5daydn.> > This radically reduces the
hits. My question is wouldn't isolating a> pattern
provide a more accurate probability analysis then having
the> lower column numbers included in the higher number
columns?> > JMHO,> >
Dominick> > > >
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