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Yes, this helps... I will post a
solution...
Actually...already working on a Generic
version...
Anthony
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----- Original Message -----
<DIV
>From:
dom1_1998
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Monday, June 23, 2003 10:23
PM
Subject: [amibroker] Re: Price
Persistency
Hi Anthony:lets say I want to know the stats
following a 3 down day pattern:3daydn = 20next day up following
pattern= 18.next down days following pattern =2So far I
now know that there's a 90% chance the next day will be upfollowing 3 down
days. Closing price to closing price.The stats are from the
closing price on the last day of the pattern tothe closing price of the
next day. You could also have the option ofbuying at the next days
open if you want but I didn't want to makethis too complex.The
average gain of the day after the pattern is $2.75. This is justaveraging
the gains of those 18 up days.The highest gain out of the 18 was
$3.25.(close to close)The lowest gain was $1.25.Now I know there's a
90% probability of making atleast $1.25 the dayafter the
pattern. Now you can continue this method up to 5 daysafter
the pattern.Or to make it easier, you could instead just show
the averagegain/loss, highest gain, highest loss etc etc by holding
the trade1day, 2days, 3days, 4days and 5 days after the pattern.
Measurablefrom close of the 3 day down pattern to close of day1, from the
closeof the pattern to the close of day2, close of pattern to close of
day3, etc etc. Hope this
helps,DominickDown day following pattern =
2average loss out of the 2 = $0.75Highest loss = $1.50Lowest loss
= $0.25You would then continue
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