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Re: [amibroker] Re: Simplified support resistance levels



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Gedi -- what are your errors?

It's working for me, except Graham changed the coding to "green" but NOT the
TITLE which still states "blue" but plots "green".

George

----- Original Message ----- 
From: "telecheck1" <w_end@xxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 15, 2003 12:01 AM
Subject: [amibroker] Re: Simplified support resistance levels


> Hi Graham,
>
> Thank you for sharing. I am getting errors using the formula.
> Gedi
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:
> > So now getting myself organised, and probably everyone bored :)
> > I have now reorganised the formula into a loop which makes it
> simpler
> > Any comments / suggestions?
> >
> > //RETRACEMENTS TO FIND VOLATILITY / PIVOT POINTS
> >
> > //Graham Kavanagh 15 Oct 2003
> >
> > Line1 = MA(Avg,10);
> >
> > Line2 = MA(Line1,5);
> >
> > RT = Line1 > Line2; //rising trend
> >
> > FT = Line1 < Line2; //falling trend
> >
> > top = 0;
> >
> > bot = 0;
> >
> > for( i=2; i<BarCount-1; i++ )
> >
> > {
> >
> > if( ( H[i]>=H[i-2] && H[i]>=H[i-1] && H[i]>H[i+1] ) OR ( L[i]>L[i-
> 1] &&
> > H[i]<=H[i-1] && H[i]>=H[i+1] && H[i]>H[i+2] ) )
> >
> > {
> >
> > top[i] = 1;
> >
> > }
> >
> > {
> >
> > if( ( L[i]<L[i-2] && L[i]<=L[i-1] && L[i]<L[i+1] ) OR ( H[i]<H[i-1]
> &&
> > L[i]>=L[i-1] && L[i]<=L[i+1] && L[i]<L[i+2] ) )
> >
> > {
> >
> > bot[i] = 1;
> >
> > }
> >
> > }
> >
> > }
> >
> > //Indicator section
> >
> > GraphXSpace=5;
> >
> > Plot( C, "C", colorLightGrey, styleBar+styleNoLabel );
> >
> > PlotShapes( rt * top * shapeSmallDownTriangle , colorRed, 0, H, -
> 10);
> >
> > PlotShapes( rt * bot * shapeSmallUpTriangle , colorGreen , 0, L, -
> 10);
> >
> > PlotShapes( ft * top * shapeHollowSmallDownTriangle, colorRed, 0,
> H, -10);
> >
> > PlotShapes( ft * bot * shapeHollowSmallUpTriangle, colorGreen , 0,
> L, -10);
> >
> > Title = Name()+", "+Date()+ ": Volatility, Red = peaks, blue =
> troughs,
> > solid uptrend, hollow downtrend: ";
> >
> >
> >
> >
> > Cheers,
> > Graham
> > http://groups.msn.com/ASXShareTrading
> > http://groups.msn.com/FMSAustralia
> >
> > -----Original Message-----
> > From: Graham [mailto:gkavanagh@x...]
> > Sent: Tuesday, 14 October 2003 9:19 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: RE: [amibroker] Simplified support resistance levels
> >
> >
> > Thanks Harvey, I was aware of that but I like to try and create
> things for
> > myself to see if I can do it or not. Plus in order to find the
> maximum
> > excursion of price from the MA you almost need to wait for hte
> price and MA
> > to cross. That to me for my purposes too late to wait for.
> >
> > I have been trying a few things and have gotten it into a state of
> trying to
> > have sets of points for rising and falling trends. I have used a
> very simple
> > trend identifier to get the exercise working correctly.
> >
> > I think it may be able to be done much simpler with a loop, but
> have not yet
> > worked that one out. I have also tried to remove excess signals
> when there
> > are concurrent signals the same. Not completely successful with
> that either.
> >
> > Here is the code so far, any suggestions appreciated
> >
> > //RETRACEMENTS TO FIND VOLATILITY
> >
> > //Graham Kavanagh 10 Oct 2003
> >
> > //Trend direction
> >
> > Line1 = MA(Avg,10);
> >
> > Line2 = MA(Line1,5);
> >
> > //Plot( Line1, "AVG10", colorGreen, styleLine);
> >
> > //Plot( Line2, "AVG30", colorBrown, styleLine);
> >
> > Trend1 = Line1 > Line2; //rising trend
> >
> > Trend2 = Line1 < Line2; //falling trend
> >
> > //Find turning points
> >
> > top1 = ( H==HHV(H,5) AND H>Ref(H,1) AND H>=Ref(H,-1)AND H>=Ref(H,-
> 2) ) *
> > Trend1;//rising trend
> >
> > bot1 = ( L<=Ref(L,-2) AND L<=Ref(L,-1) AND L<Ref(L,1) ) *
> Trend1;//rising
> > trend
> >
> > topcheck1 = Flip(top1,bot1);
> >
> > botcheck1 = Flip(bot1,top1);
> >
> > Hpiv1 = ValueWhen(top1,H);
> >
> > Lpiv1 = ValueWhen(bot1,L);
> >
> > top1 = top1 OR ( H>Ref(H,1) AND H>=Ref(H,-1) ) * trend1 * botcheck1
> *
> > Hpiv1>Ref(Hpiv1,-1) ;
> >
> > bot1 = bot1 OR ( L<=Ref(L,-1) AND L<Ref(L,1) ) * Trend1 *
> topcheck1;// *
> > Lpiv1<Ref(Lpiv1,-1);
> >
> > Hpiv1 = ValueWhen(top1,H);
> >
> > Lpiv1 = ValueWhen(bot1,L);
> >
> > top2 = ( H>=Ref(H,-2) AND H>=Ref(H,-1) AND H>Ref(H,1) ) *
> Trend2;//falling
> > trend
> >
> > bot2 = ( L==LLV(L,5) AND L<Ref(L,1)AND L<=Ref(L,-1) AND L<=Ref(L,-
> 2) ) *
> > Trend2;//falling trend
> >
> > topcheck2 = Flip(top2,bot2);
> >
> > botcheck2 = Flip(bot2,top2);
> >
> > top2 = top2 OR ( H>Ref(H,1) AND H>=Ref(H,-1) ) * trend2 * botcheck2;
> >
> > bot2 = bot2 OR ( L<=Ref(L,-1) AND L<Ref(L,1) ) * Trend2 * topcheck2;
> >
> > Hpiv2 = ValueWhen(top2,H);
> >
> > Lpiv2 = ValueWhen(bot2,L);
> >
> > top = top1 OR top2;
> >
> > bot = bot1 OR bot2;
> >
> > Hpiv = ValueWhen(top,H);
> >
> > Lpiv = ValueWhen(bot,L);
> >
> > //Indicator section
> >
> > GraphXSpace=5;
> >
> > Plot( C, "C", colorLightGrey, styleBar+styleNoLabel );
> >
> > PlotShapes( top1 * shapeSmallDownTriangle , colorRed, 0, H, -10);
> >
> > PlotShapes( bot1 * shapeSmallUpTriangle , colorGreen , 0, L, -10);
> >
> > PlotShapes( top2 * shapeHollowSmallDownTriangle, colorRed, 0, H, -
> 10);
> >
> > PlotShapes( bot2 * shapeHollowSmallUpTriangle, colorGreen , 0, L, -
> 10);
> >
> > //Plot( Hpiv, "topH",colorRed, styleStaircase);
> >
> > //Plot( Lpiv, "botL",colorBlue, styleStaircase);
> >
> > Title = Name()+", "+Date()+ ": Volatility, Red = peaks, blue =
> troughs,
> > solid uptrend, hollow downtrend" ;
> >
> >
> >
> > Cheers,
> > Graham
> > http://groups.msn.com/ASXShareTrading
> > http://groups.msn.com/FMSAustralia
> >
> > -----Original Message-----
> > From: harveyhp [mailto:harveyhp@x...]
> > Sent: Sunday, 12 October 2003 1:40 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: RE: [amibroker] Simplified support resistance levels
> >
> >
> > Graham,
> > Don't know if this is any help, but there was a TAS&C article (by
> Alex
> > Saita?) a few years ago in which he used a moving average of the
> close to
> > separate the high and low points.  Pivot highs were the highest
> point above
> > the MA and vice versa for the pivot lows.  Pivot highs and lows
> would always
> > alternate.
> > HHP
> > ===================
> >
> > At 05:24 PM 11/10/2003, you wrote:
> >
> >
> > Gary, funny thing is I was just about to click on the reply button
> when your
> > email came through.
> > I wish I was really good at AFL, but I still just do the simple
> methods. Too
> > much complexity tends to bamboozle me easily these days :)
> >
> > I think it all comes down to how you define a pivot point. I just
> tried it
> > by one method. I don't believe you could ever say that a certain
> bar is a
> > pivot until the subsequent bars move in the opposite direction. So
> by my
> > understanding referencing future is necessary when finding them.
> Sorry
> > probably off the track with your query.
> >
> > It would be possible to have, say a pivot high, but no corresponding
> > following pivot low. An example that comes to mind is you may get a
> high
> > then a few consecutive inside days before the price continues up.
> This would
> > create a pivot high, but no real pivot low, just a short congestion.
> >
> > I have been doodling with various scenarios for defining pivot
> points and
> > have added one to my definition, code below (I have also changed
> the title
> > of the code to better reflect what it is finding, or trying to find)
> >
> > //PIVOT POINTS
> >
> > //Graham Kavanagh 11 Oct 2003
> >
> > //Find turning points
> >
> > top = ( H==HHV(H,3) AND H>=Ref(H,1) AND H>=Ref(H,2) )
> >
> > OR ( H==HHV(H,3) AND H>=Ref(H,1) AND Ref(O,1)>Ref(C,1) );
> >
> > bot = ( L==LLV(L,3) AND L<Ref(L,1) AND L<Ref(L,2) )
> >
> > OR ( L==LLV(L,3) AND L<=Ref(L,1) AND Ref(C,1)>Ref(O,1) );
> >
> > //Calculate movement between turning points
> >
> > topH = ValueWhen(top,H);
> >
> > botL = ValueWhen(bot,L);
> >
> > 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);
> >
> > //Indicator section
> >
> > GraphXSpace=5;
> >
> > Plot( C, "C", colorLightGrey, styleBar+styleNoLabel );
> >
> > PlotShapes( (shapeHollowSmallCircle+shapePositionAbove)*top,
> colorRed, 0, H
> > );
> >
> > PlotShapes( (shapeHollowSmallCircle)*bot, colorBlue , 0, L);
> >
> > Title = Name()+" "+Date()+ " Volatility, Red dots = peaks, blue =
> troughs" +
> > ", down move = "
> >
> > + diffup + ", up move = " + diffdown + ", High = " + H + ", Low = "
> + L;
> >
> >
> >
> > Cheers,
> > Graham
> > http://groups.msn.com/ASXShareTrading
> > http://groups.msn.com/FMSAustralia
> >
> >
> > -----Original Message-----
> >
> >
> > From: Gary A. Serkhoshian [mailto:serkhoshian777@x...]
> >
> >
> > Sent: Saturday, 11 October 2003 1:39 AM
> >
> >
> > To: amibroker@xxxxxxxxxxxxxxx
> >
> >
> > Subject: RE: [amibroker] Simplified support resistance levels
> >
> >
> >
> > Graham,
> >
> >
> >
> >
> >
> > Just thinking about the looking into the future issue.  How could
> it be
> > possible to break the pivot high level while still forming and the
> pivot
> > high condition still be true.  It does not seem to be possible.
> >
> >
> >
> >
> >
> > Any thoughts?  Just want to put this to bed.
> >
> >
> >
> >
> >
> > Regards,
> >
> >
> > Gary
> >
> >
> >
> > Graham <gkavanagh@xxxx> wrote:
> >
> >
> > Thanks for that Gary, gives me something to try to work them out,
> and
> >
> >
> > whether I need them.
> >
> >
> >
> > Further to this simple support/resistance formula I am looking at
> it to work
> >
> >
> > out what the retracements are during trends. I am just starting
> putting this
> >
> >
> > together and look for any input to help simplify or enhance. I see
> this as
> >
> >
> > being used to determine box sizes for P&F charts, swing points and
> setting
> >
> >
> > trailing stop levels to name a few.
> >
> >
> >
> > Here is what I have so far
> >
> >
> >
> > //RETRACEMENTS TO FIND VOLATILITY
> >
> >
> > //Graham Kavanagh 10 Oct 2003
> >
> >
> >
> > //Find turning points
> >
> >
> > top = H==HHV(H,3) AND H>=Ref(H,1) AND H>=Ref(H,2);
> >
> >
> > bot = L==LLV(L,3) AND L<=Ref(L,1) AND L<=Ref(L,2);
> >
> >
> >
> > //Calculate movement between turning points
> >
> >
> > topH = ValueWhen(top,H);
> >
> >
> > botL = ValueWhen(bot,L);
> >
> >
> > 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);
> >
> >
> >
> > //Indicator section
> >
> >
> > GraphXSpace=5;
> >
> >
> > Plot( C, "C", colorLightGrey, styleBar+styleNoLabel );
> >
> >
> > PlotShapes( (shapeHollowSmallCircle+shapePositionAbove)*top,
> colorRed, 0, H
> >
> >
> > );
> >
> >
> > PlotShapes( (shapeHollowSmallCircle)*bot, colorBlue , 0, L);
> >
> >
> >
> > Plot(diffup, "diffup", colorAqua,
> styleHistogram+styleLeftAxisScale);
> >
> >
> > Plot(diffdown, "diffdown", colorLime,
> styleHistogram+styleLeftAxisScale);
> >
> >
> > Plot(0, "0", colorBlack, styleLine+styleLeftAxisScale);
> >
> >
> > Title = Name()+" "+Date()+ " Volatility, Red dots = peaks, blue =
> troughs" +
> >
> >
> > ", down move = " + diffup + ", up move = " + diffdown + ", High = "
> + H + ",
> >
> >
> > Low = " + L;
> >
> >
> >
> >
> >
> > Cheers,
> >
> >
> > Graham
> >
> >
> > http://groups.msn.com/ASXShareTrading
> >
> >
> > http://groups.msn.com/FMSAustralia
> >
> >
> > -----Original Message-----
> >
> >
> > From: Gary A. Serkhoshian [mailto:serkhoshian777@x...]
> >
> >
> > Sent: Friday, 10 October 2003 12:41 PM
> >
> >
> > To: amibroker@xxxxxxxxxxxxxxx
> >
> >
> > Subject: RE: [amibroker] Simplified support resistance levels
> >
> >
> >
> >
> > Hi Graham,
> >
> >
> > I forgot to include the PivotLow function on the last send.  Both
> are below.
> >
> >
> > You'd use the functions like this:
> >
> >
> > #pragma nocache
> >
> >
> > #include "Wherever you put your afl file with the functions"
> >
> >
> > PH = PivotHigh(3,3); PL = PivotLow(3,3);
> >
> >
> > Plot( C, "C", colorLightGrey, styleBar+styleNoLabel );
> >
> >
> > Plot( PH, "res", colorRed, styleDots+styleNoLine );
> >
> >
> > Plot( PL, "sup", colorGreen, styleDots+styleNoLine );
> >
> >
> > Title = Name() + ", " + Date() + ", Support & Resistance Levels
> Support = "
> >
> >
> > + PH + ", Resistance = " + PL ;
> >
> >
> >
> > If you are using functions embedded in your afl, make sure they are
> above
> >
> >
> > the code that actually calls them.
> >
> >
> > e.g.
> >
> >
> > Function Blah(Len);
> >
> >
> > {
> >
> >
> > return MoreBlah;
> >
> >
> > }
> >
> >
> > BL = Blah(5);
> >
> >
> > Plot(BL,"BL",colordefault,styleline);
> >
> >
> > Hope this helps,
> >
> >
> > Gary
> >
> >
> > CODE BELOW FOR THE PIVOT LOW/HI FUNCTIONS
> >
> >
> > //===== PivotHigh(LeftStr, RightStr)
> ====================================
> >
> >
> > /*
> >
> >
> > SUPPORT & RESISTANCE LEVELS
> >
> >
> > Graham Kavanagh 9 Oct 2003
> >
> >
> > Returns High value of pivot
> >
> >
> > */
> >
> >
> > function PivotHigh(LeftStr, RightStr)
> >
> >
> > {
> >
> >
> > //Find turning points
> >
> >
> > top = H == HHV(H,LeftStr+1) AND H == Ref(HHV(H,RightStr+1),
> RightStr);
> >
> >
> > topH = ValueWhen(top,H);
> >
> >
> > return topH;
> >
> >
> > }
> >
> >
> > //======= PivotLow(LeftStr, RightStr)
> ====================================
> >
> >
> > /*
> >
> >
> > SUPPORT & RESISTANCE LEVELS
> >
> >
> > Graham Kavanagh 9 Oct 2003
> >
> >
> > Returns Low value of pivot
> >
> >
> > */
> >
> >
> > function PivotLow(LeftStr, RightStr)
> >
> >
> > {
> >
> >
> > //Find turning points
> >
> >
> > BOT = L == LLV(L,LeftStr+1) AND L == Ref(LLV(L,RightStr+1),
> RightStr);
> >
> >
> > BOTL = ValueWhen(BOT,L);
> >
> >
> > return BOTL;
> >
> >
> > }
> >
> >
> >
> >
> >
> >
> > Graham <gkavanagh@xxxx> wrote:
> >
> >
> > Thanks Gary
> >
> >
> > That makes it interesting as I have not yet tried the function
> function :)
> >
> >
> > Do you just put the numbers you want into the intital function
> setting
> >
> >
> >
> > Eg
> >
> >
> > function PivotHigh(2, 4)
> >
> >
> >
> >
> >
> > Cheers,
> >
> >
> > Graham
> >
> >
> > http://groups.msn.com/ASXShareTrading
> >
> >
> > http://groups.msn.com/FMSAustralia
> >
> >
> > -----Original Message-----
> >
> >
> > From: Gary A. Serkhoshian [mailto:serkhoshian777@x...]
> >
> >
> > Sent: Friday, 10 October 2003 11:43 AM
> >
> >
> > To: amibroker@xxxxxxxxxxxxxxx
> >
> >
> > Subject: Re: [amibroker] Simplified support resistance levels
> >
> >
> >
> >
> > Hi Graham,
> >
> >
> > I just added the ability to have variable right and left strength
> and
> >
> >
> > converted into a function.  Hope this saves you some work, and
> thanks for
> >
> >
> > all the posts and code you've contributed.
> >
> >
> > Regards,
> >
> >
> > Gary
> >
> >
> >
> > //==========  PivotHigh(LeftStr, RightStr)
> ============================
> >
> >
> > /*
> >
> >
> > SUPPORT & RESISTANCE LEVELS
> >
> >
> > Graham Kavanagh 9 Oct 2003
> >
> >
> > Returns High value of pivot
> >
> >
> > */
> >
> >
> > function PivotHigh(LeftStr, RightStr)
> >
> >
> > {
> >
> >
> > //Find turning points
> >
> >
> > top = H == HHV(H,LeftStr+1) AND H == Ref(HHV(H,RightStr+1),
> RightStr);
> >
> >
> > topH = ValueWhen(top,H);
> >
> >
> > return topH;
> >
> >
> > }
> >
> >
> >
> >
> > Graham <gkavanagh@xxxx> wrote:
> >
> >
> > I have been looking at various ways to chart the support resistance
> elevels,
> >
> >
> > ultimately to incorporate into various trading systems. Having
> attempted
> >
> >
> > loops and other methods of differing complexity I pulled back to the
> >
> >
> > simplest of forms, price.
> >
> >
> > Now this is probably already shown somewhere, but will share it
> anyway.
> >
> >
> > Any comments appreciated
> >
> >
> >
> > //SUPPORT & RESISTANCE LEVELS
> >
> >
> > //Graham Kavanagh 9 Oct 2003
> >
> >
> >
> > //Find turning points
> >
> >
> > top = H==HHV(H,3) AND H>=Ref(H,1) AND H>=Ref(H,2);
> >
> >
> > bot = L==LLV(L,3) AND L<=Ref(L,1) AND L<=Ref(L,2);
> >
> >
> >
> > topH = ValueWhen(top,H);
> >
> >
> > botL = ValueWhen(bot,L);
> >
> >
> >
> > //Indicator section
> >
> >
> > GraphXSpace=5;
> >
> >
> > Plot( C, "C", colorLightGrey, styleBar+styleNoLabel );
> >
> >
> > Plot( topH, "res", colorRed, styleDots+styleNoLine );
> >
> >
> > Plot( botL, "sup", colorGreen, styleDots+styleNoLine );
> >
> >
> >
> > Title = Name() + ", " + Date() + ", Support & Resistance Levels
> Support = "
> >
> >
> > + topH + ", Resistance = " + botL ;
> >
> >
> >
> >
> > Cheers,
> >
> >
> > Graham
> >
> >
> > http://groups.msn.com/ASXShareTrading
> >
> >
> > http://groups.msn.com/FMSAustralia
> >
> >
> >
> >
> >
> > Send BUG REPORTS to bugs@xxxx
> >
> >
> > Send SUGGESTIONS to suggest@xxxx
> >
> >
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> >
> >
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> >
> >
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> >
> >
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