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Dimitris -
I notice in applying this that the generation of signals is fairly
accurate, but what exactly is the meaning behind all of the colored
circles that are generated ? Is there a recommended number of circles
to be generated to CONFIRM a signal ?? Just out of curiousity, what
do YOU think are the best formulas or systems to use in finding exit
or entry points for stocks, or trend reversal ?? Thanks for your
feedback. It is valued.
jmbruegge
--- In amibroker@xxxxxxxxxxxxxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx>
wrote:
> 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
> 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,
> 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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