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Hi,
I was wondering how the pivot point is defined in your afl.
I tried to guess it and have tried to locate it with plotshape function of
AB.
I was trying to define a buy criteria that buys when the price exceeds the
pivot point value.
What can you suggest.
Greg
P.S Nice job of programming into AB
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=stock99man@xxxxxxxxx
href="">stock99man
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, November 15, 2003 4:04
PM
Subject: [amibroker] CAMSLIM - Cup &
Handle .AFL Exploration
// Cup and Handle exploration written by Jerry
Tyliczka// visit us at: <A
href="">http://portals.wallstreettape.com////
This code written per specifications found at// <A
href="">http://www.haikulabs.com/mh.htm//
Version 1.0//// This code calculates the Alpha, Delta, Beta and Gamma
values// but they are not used in the filter criteria as specified//
by the article which this code was based on.//// Look for additional
changes as I tweak the below code. // I will also include Scan feature and
Backtesting in future release. //// Comments, please write to
admin@xxxxxxxxxxxxxxxxxxMinPrice=20;MinVolume=100000;//Left
side of Handle formation can occur anywhere from 2-25days - look at the
last 25 bars and get the number of bars since condition
met.LH=HHV(Close,25); // Highest close past 25
days.BLH=HHVBars(Close,25); // Tells us # of bars that have past since
high reached. Used to determine lowest bar.BH=LLV(Close,BLH);
// Lowest close since the highest value was
reached/BBH=LLVBars(Close,BLH); // number of bars that have past since
lowest value.NBLH=BLH-BBH; // this is the number of bars in the
formation of the left side handle. NBLH must be atleast 2 to be a valid
handle formation.// Now lets get the cup formation. Cup formation
can occur anywhere from 23 to 145 days. The left side of the cup can be
from 20-120 days and the right side can be anywhere from 3-25
days.// get the right side of the
cup(low).BC=LLV(Close,BLH+25); // look at 25 bars since the left side
of handle.BBC=LLVBars(Close,BLH+25);// get the left side of
the
cup.LC=Ref(HHV(Close,120),BBC*-1);BLC=Ref(HHVBars(Close,120),BBC*-1);//
Get highest value before left side of cup started to
form.KC=Ref(HHV(Close,30),BLC*-1);BKC=Ref(HHVBars(Close,120),BLC*-1);Delta=
LC/KC;//Calculate the up/down relative price value during time frame
RC (Right Cup
Formation)URPV=DRPV=0;i=EndValue(BLH);j=EndValue(BBC);do{
URPV =
IIf(Ref(Close,i*-1)>Ref(Close,(i+1)*-1),Ref(Volume,(i*-1))*Ref(Close,(i*-1))-Ref(Close,(i+1)*-1),URPV);
DRPV =
IIf(Ref(Close,i*-1)<Ref(Close,(i+1)*-1),Ref(Volume,(i*-1))*Ref(Close,(i+1)*-1)-Ref(Close,(i*-1)),DRPV);
i++;} while (i<j);Alpha = URPV/DRPV; // Should be >1//
Calculate
BetaDRPV=0;i=EndValue(BBH);j=EndValue(BLH);do{
DRPV =
IIf(Ref(Close,i*-1)<Ref(Close,(i+1)*-1),Ref(Volume,(i*-1))*Ref(Close,(i+1)*-1)-Ref(Close,(i*-1)),DRPV);
i++;} while (i<j);Beta = URPV/DRPV;Gamma = log(Alpha) +
log(Beta) + delta;AddColumn(LH,"Left Handle");AddColumn(BH,"Bottom
Handle");AddColumn(BC,"Bottom Cup");AddColumn(LC,"Left
Cup");AddColumn(ALPHA,"Alpha");AddColumn(DELTA,"Delta");AddColumn(BETA,"BETA");AddColumn(GAMMA,"Gamma");//
Filter Criteria as follows:// 1. Right side of handle must be at least 2
bars. NBHL>2// 2. Bottom of the cup must be lower than the left top of
the cup.// 3. Left handle must be lower than or equal to the lect cup
formation.// 4. Bottom of the cup must be less than the left
handle.// 5. Bottom of the handle must be > 80% of the left handle +
20% of the bottom cup.// 6. Start of cup/handle formation must be
greater than precedding chart value. LC>LC// 7. Minimum price and
volume you can set any way you like.Filter= NBLH>2 AND
Close>BH AND BC<LC AND LH<=LC AND BC<LH AND BH<LH AND
BH>.8*LH+.2*BC AND KC<LC AND Close>MinPrice AND
MA(Volume,30)>MinVolume;Send
BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to
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