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Anthony,
That is correct.
Thanks
Eugene
--- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso" <ajf1111@xxxx>
wrote:
> 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
> ----- Original Message -----
> From: Eugene
> To: 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 the
> action after the run so that gives me a statistical probability of
> what to expect.
> so if the run was 2 down and then 5 up. Historically if I knew what
> the action was subsequent to that 5 up run....It might help me develop
> a trading system.
>
> Got any ideas??
>
> Thanks
>
> Eugene
>
>
> In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso" <ajf1111@xxxx>
wrote:
> > Dom,
> >
> > Price Persistency is the number of days that a market continues to
> close either up or down. It's another term for a market run. As an
> indicator, price persistency is a measure of a very short term trend
> based only on the history of the market's movement, unfiltered by any
> complex calculation; all it involves is counting.
> >
> > The advantage of price persistency is in its simplicity. The market
> is currently in a run or it isn't. It's either been down three days in
> a row or it hasn't.
> >
> > OverView:
> >
> > If you look at each day individually, the odds are nearly 50-50 that
> the market would be up ( or down ) the next day. However, as the
> sequences run in either direction, the likelihood of the run
> continuing generally grows smaller.
> >
> >
>
/------------------------------------------------------------------------------------/
> >
> > I do not follow you with respect to **messing with the
> formula**,,,Would you care to share your altered formula...so I may
> give 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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> >
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