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[amibroker] Re: McClellan Summation



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This seems to work for the turning points peaks!

What do I need to add in the AFL code to get the most extended peak 
and eliminate all the other lower peaks on a sine wave?

Any help would be much appreciated!


Thanks to Graham for posting this weekend.

From:   "Graham" <gkavanagh@xxxx> 
Date:  Sat Oct 11, 2003  9:35 pm
Subject:  Pivot points ex (Simplified support resistance levels)
http://groups.yahoo.com/group/amibroker/message/49564


//Finding turning points

topH = ValueWhen(top,Name);

botL = ValueWhen(bot,Name);

moveup = Ref(botL,-1)<botL;

movedown = Ref(topH,-1)>topH;

diffup = IIf( moveup, botL - ValueWhen( moveup, topH ), Null);

diffdown = IIf( movedown, topH- ValueWhen( movedown, botL ), Null);


Sell=Top;PlotShapes( (shapeHollowSmallCircle+shapePositionAbove)
*top, colorRed, 0, Name );


Buy=Bot;PlotShapes( (shapeHollowSmallCircle)*bot, colorBrightGreen , 
0, Name);
Title = Name()+" "+Date()+ " Volatility, Red dots = peaks, blue = 
troughs" + ", down move = "

+ diffup + ", up move = " + diffdown + ", High = " + H + ", Low = " 
+ L;


--- In amibroker@xxxxxxxxxxxxxxx, "Joe" <run_for_your_life2003@xxxx> 
wrote:
> I appreciate you input...Thanks!
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "Ken Close" <closeks@xxxx> wrote:
> > Joe:  I can only give you a few comments and maybe someone else 
> will
> > help.
> > 
> > You could look for the peak by checking that two days ago was 
less 
> than
> > one day ago and one day ago was greater than today.  Then wait 
two 
> more
> > days and place your buy
> > 
> > Buy = Ref(NS,-2) < Ref(NS,-1) AND Ref(NS,-1) > NS;
> > 
> > Actually that is not what you asked for .... but it could work.
> > 
> > Buy = BarsSince(HHV(NS,5)>=3 AND BarsSince(HHV(NS,5)<=5;
> > 
> > I have not tried this so you can experiment, or others can make 
any
> > needed corrections.
> > 
> > I have no idea what the symbols for advances and decliners are on
> > yahoo...Look it up in Symbol Lookup.
> > 
> > Hope this helps a little.
> > 
> > Ken
> > 
> > -----Original Message-----
> > From: Joe [mailto:run_for_your_life2003@x...] 
> > Sent: Friday, October 03, 2003 12:26 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Re: McClellan Summation
> > 
> > I have a question regarding placing a "buy" and "sell" point on 
> the 
> > Summation Index.
> > I presently use a 3 days down or 3 days up from the hook or 
> extreme 
> > point peak point( 3 dots or 3 period time frame) to generate 
> > my "buy" or "sell" signals. Basically I want to check the most 
> > extreme points on this graph and compare in the last 5 trading 
> days 
> > if that's the extreme low point or the high point on the graph.
> > If that's true I want to "buy" or "sell" based on the SPX index.
> > 
> > I also use "yahoo to down load data" end of day...what do I need 
> to 
> > change in the AFL codes to get this script so it works?
> > 
> > I think on decisionpoint they use a 10 day period crossover for 
a 
> > buy or sell on the Summation Index...but I think its way too 
long 
> > and conservative.
> > 
> > Thanks!
> > 
> > 
> >  
> > 
> > --- In amibroker@xxxxxxxxxxxxxxx, "Ken Close" <closeks@xxxx> 
wrote:
> > > Joe, Let me jump in and share the formula that I use that 
> matches 
> > Trade
> > > output exactly.  The Adv Decl symbols are from the FastTrack 
> > database;
> > > substitute your own symbols.
> > > 
> > > Ken
> > > 
> > > /* Nas Summation    KSC   3/17/03   */
> > > //Compute Nas advance/decline, McClellan oscillator AND 
> summation 
> > > nadv = Foreign("advq","C"); 
> > > decl=Foreign("declq","C"); 
> > > nyad = (nadv - decl) / 100 ; 
> > > StartDate = IIf(DateNum() == 900102, 1, 0); 
> > > NumDays = BarsSince(StartDate); 
> > > NS_McClellan_Osc = 100 * (EMA(nyad, 19) - EMA(nyad, 39)) ; 
> > > NS_McClellan_Sum =Foreign("NSMCS","C");
> > > NS=Sum(NS_McClellan_Osc, NumDays) + 40.32178; 
> > > //Plot(NS_McClellan_Osc, "NSMCO", 5);
> > > Color=IIf(NS_McClellan_Sum<1000,4,5); 
> > > Plot(NS_McClellan_Sum, "NSMCS", Color, 2);
> > > Plot(NS_McClellan_Sum, "NSMCS", 2, 1); 
> > > Plot(1000,"",0,1);
> > > Plot(NS+100,"NS",6,1);
> > > GraphXSpace=3;  
> > > 
> > > -----Original Message-----
> > > From: Joseph Landry [mailto:jelandry@x...] 
> > > Sent: Friday, October 03, 2003 11:21 AM
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Subject: [amibroker] McClelland Summation
> > > 
> > > Steve Almond - 
> > > 
> > > I need some help with the McClelland Summation forumla. I'd 
like 
> > to 
> > > use it some Trade routine that I'm trying to convert to AFL 
but 
> > not 
> > > getting consistent results. I'd like to calculate something 
> called 
> > > the Beasley Scorecard.  
> > > 
> > > I noted in a message on Sept 20 that you posted a ratio 
adjusted
> > > summation index that is consistent with StockCharts' values,
> > > 
> > >   a=Foreign("$ADV","C");
> > > 
> > >   d=Foreign("$DECL","C");
> > > 
> > >   t5=EMA((a-d)/(a+d),39);
> > > 
> > >   t10=EMA((a-d)/(a+d),19);
> > > 
> > >   Summ = 1000*((t10-t5)-(10*t10)+(20*t5));
> > > 
> > >   Plot(Summ,"Summation NYSE",1,1);
> > > 
> > > but -   
> > > 
> > > TJ and others have used the McClelland Summation formula in 
the 
> > AFL 
> > > formula file as follows and like what I've seen in the TRADE 
> > > routines.   
> > > 
> > > Summ = Cum(EMA(AdvIssues()-DecIssues(),19) - EMA(AdvIssues()-
> > > DecIssues(),39));
> > > 
> > > My understanding was that the summation started with a value 
of 
> > 1000 
> > > back many years ago and accumulates from there, so this would 
> not 
> > be 
> > > correct either?  Would having the first value of this array as 
> > 1000 
> > > be correct? 
> > > 
> > > Would appreciate any help? and if someone on the FORUM has 
> > converted 
> > > the Beasley scorecard from TRADE I would appreciate help there 
> > also 
> > > - except for this calculation I'm almost there.
> > > 
> > > Best regards
> > > JOE
> > > 
> > > 
> > > 
> > > 
> > > 
> > > 
> > > Send BUG REPORTS to bugs@xxxx
> > > Send SUGGESTIONS to suggest@xxxx
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> > 
> > 
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