|
PureBytes Links
Trading Reference Links
|
BH = Bottom of handle
LH = Left side of handle.
Therefore, take the number of bars between LH and BH and use this as
a base line to form the right side of the handle.
If the price while forming the right side of handle is greater than
the high value of LH, BUY (bars past BH - bottom of handle).
However, if the number are bars to form the right handle is greater
than the number of bars to form the left handle, this is no longer a
valid C&H formation.
Jerry
--- In amibroker@xxxxxxxxxxxxxxx, "Greg" <gregbean@xxxx> wrote:
> 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
> ----- Original Message -----
> From: stock99man
> To: 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: http://portals.wallstreettape.com
> //
> // This code written per specifications found at
> // 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@xxxx
>
> MinPrice=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 Beta
>
> DRPV=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;
>
>
>
>
>
>
>
>
> Yahoo! Groups Sponsor
> ADVERTISEMENT
>
>
>
>
> Send BUG REPORTS to bugs@xxxx
> Send SUGGESTIONS to suggest@xxxx
> -----------------------------------------
> Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
> (Web page: http://groups.yahoo.com/group/amiquote/messages/)
> --------------------------------------------
> Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
> Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/GHeqlB/TM
---------------------------------------------------------------------~->
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|