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Dimitris,
Interesting occurance tonight...
Last night I posted about the QQQ 'kissing' the Lower TrendLine
Channel incidence, and tonight your 'Bullish Inflection' or
'Convex/Concave' indicator triggered a Long trade...
I wonder if an explore for 'channel kissers' might successfully
pre-empt the 'Bullish Inflection' or 'Convex/Concave' trigger signals?
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> If we speak for automatic channel recognition, you may see
> http://www.amibroker.com/library/detail.php?id=105
> and find out
> +ascending channel "a ll"
> +descending channel "d ll"
> +almost horizontal channel "ll"
> among the others.
> Of course you will not have an automatic "parallel" channel everyday,
> it is rather hard to have similar slopes.
> Now, if an automatic parallel channel is N/A, you may define a
> parallel channel if you
> *preserve the automatic support and draw a parallel resistance from a
> High point
> *preserve the automatic resistance and draw a parallel support from a
> Low point
> I find quite reasonable to draw the artificial parallel from the
> HighestBetween/LowestBetween point.
> The support will be automatic [defined by the two yellow Lows] and
> the resistance will be the [orange] parallel
> drawn from the HighestBetween [orange] point.[this will be the first
> alternative]
> The resistance will be automatic [defined by the two yellow Highs]
> and the support will be the [orange] parallel
> drawn from the LowestBetween [orange] point.[this will be the 2nd
> alternative]
> See them both at the above address, last added comment
> [I think per=5 gives, for QQQ, your request]
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> > Dimitris,
> >
> > Pardon me for trying to hijack your considerable talents
> from 'other'
> > current interests...
> >
> > But I know that your strengths are in the following areas:
> >
> > 1. Pattern recognization
> > 2. ^NDX technical analysis
> >
> > Take a look at the 9/30/03 QQQ EOD chart and you will see an almost
> > perfect 'uptrend channel' SUPPORT setup consisting of the following
> > attributes:
> >
> > * Draw a lower trendline beginning on 3/12/03 @ 24.23 (close).
> > * Continue the trendline thru 8/8 and 8/11 lows.
> > * And conclude the trendline thru todays (9/30/03) lows.
> >
> > WHAT a nice SUPPORT line, huh?
> >
> > THEN...
> >
> > * Draw an Upper trendline beginning on 3/21/03 @ 27.38 high.
> > * Continue an EXTENDED trendline thru 6/6/03 HIGH and thru 7/9/03
> > close of 32.20 to present
> >
> > WHAT a nice CHANNEL, huh?
> >
> > I am trying to figure out how to code a pattern recognization system
> > that would trigger a QQQ 'support' signal either yesterday or today
> in
> > order to 'trade the channel'.
> >
> > This channel is clearly 'uptrending'... but a robust 'channel'
> > recognization sytem would pick up on 'horizontal' channels as well
> as
> > 'downtrending' channels, with the objective being to identify
> > support/resistance using channels.
> >
> > Do you have any ideas on how to code a pattern recognition system
> to
> > signal either 'upper', 'lower' or horizontal channel
> > support/resistance signals over a three to six month period?
> >
> > While I'll continue to work on it myself, I figured that you might
> be
> > interested in taking a look at the problem.
> >
> > (One troubling aspect of the current 'support' level is that volume
> is
> > rising when I'd prefer to see it declining.)
> >
> > Regards,
> >
> > Phsst
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