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Dimitris my friend,
You are a good sport!
I hope you realize that I am 'jerking your chain', or teasing you.
I happen to respect your mathematical and analytical abilities to an
extraordinary degree.
But it is true that I think that 'channel' trading can lead other
indicators by at least a day, which is significant.
Anyway, my warmest regards to you for your analytical ability.
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> 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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