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Re: [amibroker] Reversals and their detection



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Dimitris,
 
<FONT face=Batang color=#0000ff 
size=2>            Looks 
like a good trendline indicator.
Where I can find the code if 
available?
Can be used with back 
testing?
Regards
 
Juan
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Dimitris 
  Tsokakis 
  To: <A title=amibroker@xxxxxxxxxxxxxxx 
  href="">amibroker@xxxxxxxxxxxxxxx 
  Sent: Tuesday, August 26, 2003 5:45 
  AM
  Subject: [amibroker] Reversals and their 
  detection
  
  It is "obvious" that a reversal occurred at R.
  My resistance trendline can not "see" it yet.
  The reason is simple.
  My trendline is based on Peak() function and the sensitivity 
  is calibrated at Perc=3%.
  The day R had H=1342.64.
  Peak() function will recognise it as a peak as soon as 
  H<0.97*1342.64 or H<1302.36
  The last H was 1307.85 and it was not enough to trigger the 
  Peak() function.
  Nobody knows how many bars we need to see 
  H<1302.36.
  Everybody should know that, if we do not see H<1302.36, 
  the point R will not be recognised as a peak.
  I hope it is clear.
  Dimitris TsokakisSend 
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