[amibroker] The Sequential buy/sell signals

["Dimitris Tsokakis" <TSOKAKIS@xxxxxxxxx>]

Since the "nine" or the "thirteen" TomDeMark rules are rare 
the last year, I modified the system to detect sequences from 5 to 
25.
Since in the shapeDigitX series we have X from 0 to 9, I 
transferred the sequence counter on the title, b[X] for the buy 
sequence
[small cycles below the chart] and s[X] for the sell 
sequence [small cycles above the chart].
Buy/Sell signals are produced as soon as the sequence is 
interrupted.
 
// Generalised Sequential buy/sell signals
<FONT 
size=2>Plot(C,"C",colorBlack,64);Title=Name()+",";for(x=5;x<25;x++){  
b2=Sum(C<Ref(C,-3),x)==x;Buy=b2==0 AND 
Ref(b2,-1);PlotShapes((shapeHollowSmallCircle)*b2,x);PlotShapes(shapeUpArrow*Buy,colorBrightGreen);Title=Title+WriteIf(b2,"b["+WriteVal(x,1.0)+"]","");}for(x=5;x<25;x++){  
S2=Sum(C>Ref(C,-3),x)==x;Sell=s2==0 AND 
Ref(s2,-1);PlotShapes((shapeHollowSmallCircle+shapePositionAbove)*s2,x);PlotShapes(shapeDownArrow*Sell,colorRed);Title=Title+WriteIf(s2,"s["+WriteVal(x,1.0)+"]","");}GraphXSpace=2;
 
Starting x values below 5 will give more signals and should be 
handled with care.
As mentioned in some previous message, 
<A 
href="">http://groups.yahoo.com/group/amibroker/message/46735 ,
Buy/Sell sequential signals can not give a stand alone trading 
system, uniformly
profitable for extended [bullish and bearish] periods. They 
can be used as low-risk entry/exit points in combination with 
other technical informations.
Dimitris Tsokakis
 
 






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