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Ron,
avoid complicated charts/codes.
You need a ^DJI chart and place on it the ^VIX conditions.
Let us look at the conditions statistics first:
There is no interesting statistics for both conditions.
a. The ^VIX high
Select the ^DJI and explore with
H1=Foreign("^VIX","H");
L1=Foreign("^VIX","L");
COND1=Ref(Ref(H1,-1)==HHV(H1,6),-1);
COND2=Ref(Ref(L1,-1)==LLV(L1,6),-1);
Filter= COND1;
AddColumn(COND2 AND ROC(C,1)>0,"");
AddColumn(COND2 AND ROC(C,1)<0,"");
b. The ^VIX low
H1=Foreign("^VIX","H");
L1=Foreign("^VIX","L");
COND1=Ref(Ref(H1,-1)==HHV(H1,6),-1);
COND2=Ref(Ref(L1,-1)==LLV(L1,6),-1);
Filter= COND2;
AddColumn(COND2 AND ROC(C,1)>0,"");
AddColumn(COND2 AND ROC(C,1)<0,"");
>From Jan2000 till now
121 times Filter=COND1;
64 times Filter=COND1 AND ROC(C,1)>0 ;
57 times Filter= COND1 AND ROC(C,1)<0;
and, FOR cond2
129 times Filter=COND2;
79 times Filter=COND2 AND ROC(C,1)>0;
50 times Filter=COND2 AND ROC(C,1)<0;
For your indicator builder now, see the next ^DJI candle when a green
[cond2] or a red[cond1] candle appears, with the code
H1=Foreign("^VIX","H");
L1=Foreign("^VIX","L");
COND1=Ref(Ref(H1,-1)==HHV(H1,6),-1);
COND2=Ref(Ref(L1,-1)==LLV(L1,6),-1);
Plot(C,"C",Cond1*31+Cond2*42+1,64);
[It is necessary to have ^VIX and ^DJI in the same database]
The author of the article is dreaming of magic "simple" conditions,
but, we are lucky enough to have an excellent statistical tool and
check all these magic solutions...
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "mrdavis9" <mrdavis9@xxxx> wrote:
> My son just read an article which said that on a day that the vix
reaches its highest high of the last five days, and then is followed
by a down day, the DOW will respond the next day by having an up
day. Then, on a day that the vix has a low that is the lowest low of
the last five days, and then has an up day, the DOW will respond the
next day by having a down day. I have never yet tried to display
two symbols in the same chart. Below is the code he created for
this. I would sure appreciate it if someone could add the necessary
coding that would allow viewing the candles of both the vix and the
Dow on the same chart. That way, when I rightclick on the results of
this scan, I would be able to see just how often this happens. I
don't yet do explorations either. Perhaps someone wants to make an
exploration with the nesessary columns and statistical calculations
in order to quantify how valid this really is. It could be one more
handy thing to have as a trading tool if it happens a lot. Ron D
>
>
>
>
>
> Buy = Foreign("^vix","H",fixup = True) > Ref(Foreign
("^vix","H",fixup = True),-1) AND Foreign("^vix","H",fixup = True) >
Ref(Foreign("^vix","H",fixup = True),-2) AND Foreign("^vix","H",fixup
= True) > Ref(Foreign("^vix","H",fixup = True),-3) AND Foreign
("^vix","H",fixup = True) > Ref(Foreign("^vix","H",fixup = True),-4)
AND Foreign("^vix","close",fixup = True) < Foreign
("^vix","open",fixup = True);
>
> Sell = Foreign("^vix","l",fixup = True) < Ref(Foreign
("^vix","l",fixup = True),-1) AND Foreign("^vix","l",fixup = True) <
Ref(Foreign("^vix","l",fixup = True),-2) AND Foreign("^vix","l",fixup
= True) > Ref(Foreign("^vix","l",fixup = True),-3) AND Foreign
("^vix","l",fixup = True) < Ref(Foreign("^vix","l",fixup = True),-4)
AND Foreign("^vix","close",fixup = True) > Foreign
("^vix","open",fixup = True);
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