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Since both channels are defined in the same time frame, I added an
automatic selection of the primary [in agreement with linreg] and
secondary channel. I hope it is interesting.
Sometimes the two channels give quite different perspectives and
scenarios, linreg [or other trend criteria] may decide for the choice.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> 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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