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This is not the technical part, it is closer to the fundamentals
[AFL N/A !!]
The pre-market activity was interesting.
I am ~80% invested this period to follow this [interesting] breakout.
[I don't like so much the >75%]
Anyway...
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> Dimitris,
> the challenge (for me) is to trust the last few break out days of
CSCO as
> true strength or simply pre earnings posturing. In this case it
certainly
> would have been beneficial to trust the line studies. The previous
release
> of earnings was not so kind......Sooo many pieces to the puzzle
>
> Regards,
> Jayson
> -----Original Message-----
> From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> Sent: Thursday, November 06, 2003 8:37 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Historical trendlines
>
>
> 8 bars ago CSCO broke the support trendline.
> 2 bars ago broke the resistance line in the new [parallel] channel.
> Since we can not remember everything, it is better to use the
memory of the
> /*HISTORICAL TRENDLINES and BREAKOUTS*/
> x = Cum(1);
> per = 3;// CALIBRATE THE ZIG() SENSITIVITY
> s1=L;s11=H;
> pS = TroughBars( s1, per, 1 ) == 0;
> endt=SelectedValue(ValueWhen( pS, x ,1));
> startt=SelectedValue(ValueWhen( pS, x ,2));
> dtS =endt-startt;
> endS = SelectedValue((ValueWhen( pS, s1,1) ));
> startS = SelectedValue(( ValueWhen( pS, s1 ,2)));
> aS = (endS-startS)/dtS;bS = endS;
> trendlineS = aS * ( x -endt ) + bS;//SUPPORT LINE
> pR = PeakBars( s11, per, 1 ) == 0;
> endt1= SelectedValue(ValueWhen( pR, x, 1));
> startt1=SelectedValue(ValueWhen( pR, x, 2 ));
> dtR =endt1-startt1;
> endR = SelectedValue(ValueWhen( pR, s11, 1 ) );
> startR = SelectedValue( ValueWhen( pR, s11, 2 ));
> aR = (endR-startR)/dtR;bR = endR;
> trendlineR = aR * ( x -endt1 ) + bR;//RESISTANCE LINE
> first=Min(startt,startt1);Last=Max(endt,endt1);
> d=10;// INCREASE d TO EXTEND THE LINES
> bullishbreakout=x>endt1 AND x<last+d AND Cross(C,trendlineR);
> bearishbreakout=x>endt AND x<last+d AND Cross(trendlineS,C);
> Plot(C,"Close",IIf(bullishbreakout,colorBrightGreen,IIf
> (bearishbreakout,colorRed,colorBlack)),64);
> Plot(IIf(x>=first -d AND x<=Last+d,trendlineS,-
> 1e10),"Support",colorBrightGreen,1);
> Plot(IIf(x>=first-d AND x<=Last+d,trendlineR,-
> 1e10),"Resistance",colorRed,1);
>
> Just move your cursor to the left, it will help to study the recent
> behavior.
> The same procedure may be used for indicators [some slight per
changes are
> necessary]
>
> /*HISTORICAL TRENDLINES and BREAKOUTS for INDICATORS*/
> x = Cum(1);
> per = 1;// CALIBRATE THE ZIG() SENSITIVITY
> s1=RSI();s11=RSI();
> pS = TroughBars( s1, per, 1 ) == 0;
> endt=SelectedValue(ValueWhen( pS, x ,1));
> startt=SelectedValue(ValueWhen( pS, x ,2));
> dtS =endt-startt;
> endS = SelectedValue((ValueWhen( pS, s1,1) ));
> startS = SelectedValue(( ValueWhen( pS, s1 ,2)));
> aS = (endS-startS)/dtS;bS = endS;
> trendlineS = aS * ( x -endt ) + bS;//SUPPORT LINE
> pR = PeakBars( s11, per, 1 ) == 0;
> endt1= SelectedValue(ValueWhen( pR, x, 1));
> startt1=SelectedValue(ValueWhen( pR, x, 2 ));
> dtR =endt1-startt1;
> endR = SelectedValue(ValueWhen( pR, s11, 1 ) );
> startR = SelectedValue( ValueWhen( pR, s11, 2 ));
> aR = (endR-startR)/dtR;bR = endR;
> trendlineR = aR * ( x -endt1 ) + bR;//RESISTANCE LINE
> first=Min(startt,startt1);Last=Max(endt,endt1);
> d=10;// INCREASE d TO EXTEND THE LINES
> bullishbreakout=x>endt1 AND x<last+d AND Cross(s1,trendlineR);
> bearishbreakout=x>endt AND x<last+d AND Cross(trendlineS,s1);
> Plot(RSI(),"RSI",IIf(bullishbreakout,colorBrightGreen,IIf
> (bearishbreakout,colorRed,colorBlack)),8);
> Plot(IIf(x>=first -d AND x<=Last+d,trendlineS,-
> 1e10),"Support",colorBrightGreen,1);
> Plot(IIf(x>=first-d AND x<=Last+d,trendlineR,-
> 1e10),"Resistance",colorRed,1);
>
> It was VERY useful for CLZ03, two days ago.
> Dimitris Tsokakis
>
>
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