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YUKI SAID>So . . . nothing much has changed for me.
The subject line of thisthread says it all to me. The quest for
something that isimpossible. Perhaps it was just bad wording.
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Yuki, you are correct, it was just bad
wording. It sure resulted in some interesting and lively
discussions though.
My scans are finding bottoming
reversal pivot points of stocks. I need to add
additional code that will cause it to ignore any stock that is not currently
in an ,existing, or newly established up
trend. Lets assume that this scan picks up a
pullback in a stock that seems to be in a new up trend. I want
to require this possible new up trend to meet the Weinstein
definition of a new up trend. Lets assume that the stock
has now advanced upward from what could be the final
bottom pivot of a down
trend. Weinstein wants this stock to
complete the first pullback of this possible new
uptrend. He will watch to see how low this first
pulls back goes. If this first pull back makes a bottom pivot that is
higher than the apparent bottom of the downtrend, then it has met only one
of his conditions of a new uptrend. Then, if he sees the
stock advance to a second high pivot that is higher than the high
of the first pullback high pivot, it will have finally
met his definition of a new uptrend.
At least this is how I
interpret Weinstein's definition of a new uptrend. This new
uptrend must continue to make higher highs, and higher lows in order to continue
to maintain its up trending status. Ideally, a Weinstein
Trend-Detector code is exactly what I would like to add to my pivot finding
code . Hopefully, some of the Amibroker users now have, or can
create AFL code that is able to identify
the Weinstein criteria of an
uptrend. Additionally, I will be testing the
other suggestions that resulted
from yesterday's post. BTW, how do you
like my new title on this post. Ron
D
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