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It is "simple", if it is allowed anymore to use this word !!
The Price trendlines are build [and depended] on local peaks/troughs,
many times not that representative.
The convex/concave principle gives a quasi-sinusoidal around the main
price chart, more expressive IMO.
The sinusoidal trendlines [not straight lines perhaps, it is not
necessary...] would give a more reliable reply to your request.
It is simple, but it needs some more work...
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> 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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