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I was working on one that
included volume, but the volume figures are not dependable enough to use with
any accuracy. Not so much that there are errors but sometimes there is a special
transfer of shares of significant size that distorts the volumes, and to me,
should not be considered as part of the normal trading volumes. But as I am not
going to go through all the shares to find which volume "spikes" are due to
actual increased interest and which ones are due to abnormal share movements I
left that idea at the wayside.
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>Cheers<SPAN
class=GramE>,<?xml:namespace prefix = st1 ns =
"urn:schemas-microsoft-com:office:smarttags" /><st1:PersonName
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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: Jayson
[mailto:jcasavant@xxxxxxxxxxx] Sent: Monday, 30 June 2003 9:31
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker]
Re: proof of an uptrend
<SPAN
class=868032513-30062003>Graham,
<SPAN
class=868032513-30062003>Interesting... Have you considered including a volume
component to help measure the strength? Often an upward (or downward) trend on
increasingly lower volume signals trouble, or at least a pause, on the
horizon.
Regards,
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Graham
[mailto:gkavanagh@xxxxxxxxxxxxx]Sent: Monday, June 30, 2003 9:05
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker]
Re: proof of an uptrendI have been working on some
ideas for defining a trend for use asconfirmation for entry signals. I am
still working on it, but thought Imight add it here to see what others
think of it. This is one way I amtrying, and is one of the 2 ways so far
more successful than others.Basically it is an indicator so far, and trend
signified by the position ofthe 2 lines, green above red is rising, red
above green is falling.As I said it is early days for this as
yet//INDICATOR C 2//Trending//by Graham Kavanagh 09 June
2003Period1 = 40;Period2 = 20;Period3 = 5;Rise =
IIf(H>Ref(H,-1) AND L>Ref(L,-1),1,0);Fall = IIf(H<Ref(H,-1) AND
L<Ref(L,-1),1,0);CountRise = Sum(Rise,Period1);CountFall =
Sum(Fall,Period1);IndC = (CountRise-CountFall)/Period1*100;MAIndC
= DEMA(IndC,Period2);Trigger = EMA(MAIndC,Period3);Strengthup =
MAindc - ValueWhen(Cross(maindc,trigger),MAindc);Strengthdn = MAindc -
ValueWhen(Cross(trigger,maindc),MAindc);Strength = DEMA(
(strengthup+strengthdn), period2 );MAstrength =
EMA(Strength,5);GraphXSpace = 2;mycolor=IIf(MAIndC>Trigger,
colorGreen,IIf(MAIndC<Trigger,colorRed,colorBlack));Title
=EncodeColor(SelectedValue(mycolor)) + Name() + " " + Date() + " IndC2
Trend Strength: Higher Highs & Lows - Lower Highs &
Lows"+WriteVal(strength,1.2);Plot( strength,
EncodeColor(colorGreen)+" trend Strength ",
colorGreen,styleLine+styleNoLabel);Plot( mastrength,
EncodeColor(colorRed)+" MA Strength ",
colorRed,styleLine+styleNoLabel);Cheers,Graham<A
href="">http://groups.msn.com/ASXShareTrading<A
href="">http://groups.msn.com/FMSAustralia-----Original
Message-----From: MarkF2 [mailto:feierstein@xxxxxxxxx] Sent: Monday,
30 June 2003 8:52 PMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker]
Re: proof of an uptrendRon- If you're going to use slopes, think
of them as positive or negative.Don't try to order them because they
depend on scale and you'll getincoherent rankings.Depending on how
you ultimately decide to define a trend and your timeframe,you may also
want to take an actuarial approach to look at how long trendslast.
Of course there are no certainties, only probabilities.Mark---
In amibroker@xxxxxxxxxxxxxxx, "mrdavis9" <mrdavis9@xxxx> wrote:>
I am finally able to actually create some scans that work. Now Iwant
to add something to my buy scans that will insure that the stocks
thatreceive a buy arrow are actually in an uptrend. One idea I have
is torequire that it's linear regression must be in an uptrend. I
wouldappreciate any and all suggestions regarding what criteria that I
should putinto my buy scans that would insure that the stock is
truly in an uptrend, in order for it to be eligible to receive
a buyarrow. Regardless of the other suggestions that may be
forthcoming, I still want to test the concept of positive linear
regression. I have copied the information from HELP that I
think is most relevant to whatI want to do. I am a little puzzled
regarding what these HELP comments are really saying. All that
I am really looking for in thispost is the statements that I need to add
to my buy scans thatwill insure that the stock is truly in an
uptrend. Any and allcomments will be appreciated. Ron
D> > > > >
> SYNTAX linregslope( ARRAY,
periods ) > RETURNS
ARRAY > FUNCTION
Calculates linear regression line slope from theARRAY using periods
range. > EXAMPLE x =
Cum(1);> lastx = LastValue( x );
Daysback = 10; aa = LastValue(LinRegIntercept( Close, Daysback)
);> bb = LastValue( LinRegSlope(
Close, Daysback ) );> > y =
Aa + bb * ( x - (Lastx - DaysBack) ); Plot( Close,"Close", colorBlack,
styleCandle );> Plot( IIf( x >=
(lastx - Daysback), y, -1e10 ), "LinReg",colorRed
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