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Dimitris, I have not even read Stan Weinstein's book. Determining trends
was the subject matter at a recent local investor meeting here is Dallas. I
am 99% sure that this definition is taken form Stan's Book. I sure wish
that I could offer you proof that it is from Stan's book, but I can't.
Here is the Amazon link for the book. Ron D
http://www.amazon.com/exec/obidos/ASIN/1556236832/inktomi-bkasin-20/002-9333042-377120
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----- Original Message -----
From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 01, 2003 2:48 AM
Subject: [amibroker] Re: Proof of a Weinstein uptrend
> Ron,
> Is there any specific ref for Weinstein definitions ?
> TIA
> Dimitris Tsokakis
> --- In amibroker@xxxxxxxxxxxxxxx, "mrdavis9" <mrdavis9@xxxx> wrote:
> > YUKI SAID>So . . . nothing much has changed for me. The subject
> line of this
> > thread says it all to me. The quest for something that is
> > impossible. Perhaps it was just bad wording.
> > --------------------------------------------------------------------
> --------------------------------
> > 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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