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TomDeMark suggests 9 small circles.
It is not that frequent, especially this year, so I modified the
initial idea to count them from 5 [or lower] to 20, or even 25.
As for your second question, I have some general "rules", like StochD
() divergence [equally MACD divergence] or MeanRSI>45, but the final
decision is often more complicated.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "jmbruegge" <jmbruegge@xxxx> wrote:
> 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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