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John,
<http://www.purebytes.com/archives/amibroker/2002/msg09073.html>
Go to this url and copy the code. The title of the code it plots is
Ehler's Squelch.
John
--- In amibroker@xxxxxxxxxxxxxxx, "john gibb" <jgibb1@xxxx> wrote:
> Hi John,
>
> I found a lot of Ehler's stuff there...but no Squelch...guess i'll
have to
> translate the TS code...
>
> thanks anyway,
>
> -john
> ----- Original Message -----
> From: "John" <jea55129@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Monday, December 15, 2003 3:42 AM
> Subject: [amibroker] Re: An effective stopping methodology - 3BSMA
and
> powerSAR stops
>
>
> > Hi John,
> >
> > Most of Ehler's Indicators have already been translated. The
problem
> > is finding them. If you go here and search under Squelch you will
> > find what you are looking for. Look in year 2002 in the Ami
section.
> > <http://purebytes.com/archives/>
> >
> >
> > Regards,
> >
> > John
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "john gibb" <jgibb1@xxxx> wrote:
> > > Hi Pal,
> > >
> > > Can you share the AFL for the Ehler's Squelch function...i
found the
> > > TradeStation code here
> > > http://trader.online.pl/ELZ/t-pb-Squelch_Indicator.html
> > >
> > > but hopefully you or someone else has converted it?
> > >
> > > BTW, have you used any other trend-or-not indicators like
ADX/DMI?
> > If so,
> > > how did they compare to Squelch?
> > >
> > > thanks
> > >
> > > -john
> > > ----- Original Message -----
> > > From: "palsanand" <palsanand@xxxx>
> > > To: <amibroker@xxxxxxxxxxxxxxx>
> > > Sent: Saturday, December 13, 2003 5:11 PM
> > > Subject: [amibroker] An effective stopping methodology - 3BSMA
and
> > powerSAR
> > > stops
> > >
> > >
> > > > Hi All,
> > > >
> > > > I have been searching for an effective stopping methodology
for a
> > > > very long time (since I began trading). I experimented with
> > several,
> > > > like all kinds of MA based stops, Gann's Rule of Eights stop,
ATR
> > > > based stops etc., I finally may have found a good one. It is
> > based
> > > > on the theory that there are essentially two types of markets:
> > > > Trending and Trading Range. An instrument does not start a
new
> > trend
> > > > immediately after ending the previous trend. It might go
into a
> > > > consolidation phase (Trading Range) before starting a new
trend.
> > The
> > > > problem is to time this start of a new trend. Sometimes we
have
> > to
> > > > wait for a long time indeed, thus if we enter the market too
> > soon, we
> > > > get whipsawed. To solve this problem, I came out with the
> > > > following: Use a "mental stop" on day of entry at a
reasonable
> > > > distance from your entry point. Either an ATR based stop or a
> > pivot
> > > > point support/resistance based stop would suffice and exit
only
> > after
> > > > 20 minutes has passed since your mental stop is exceeded and
you
> > are
> > > > still losing. Use a 3BSMA stop during the initial stages
(from
> > next
> > > > session after entry when the start of a new trend is still
not yet
> > > > confirmed) in accordance with the principle: Cut your losses
> > short.
> > > >
> > > > Plot(MA(C,3),"MA3",colorWhite,1);
> > > >
> > > > Once, a new trend has started (confirmed by LinRegReveral
> > Indicator
> > > > and/or Zig-Zag trend indicator) and powerSAR has also
confirmed
> > the
> > > > new trend, use the following stop in accordance with the
> > principle:
> > > > Let your profits run.
> > > >
> > > > Plot(scPowerSar(0.02,0.01,0.2),"PowerSAR",-16,8+16);
> > > >
> > > > (You need AB's dll's to use this function)
> > > >
> > > > SAR is the Stop and Reverse system developed by Welles Wilder.
> > This
> > > > system indicates where one should exit a trade and
simultaneously
> > > > reverse positions. It may also be coded to provide a stop for
> > > > tomorrow's trading action. This function does not work with
> > > > Equivolume chart.
> > > >
> > > > This provides a systematic way to set a stop order. The
stops are
> > > > changed daily and are adjusted to suit the market's
conditions.
> > It
> > > > also keeps you constantly in the market. When one gets
stopped
> > out,
> > > > you are also to initiate a trade in the opposite direction (In
> > > > reality, you would already may have gotten a reversal signal
and
> > may
> > > > be already trading it using a 3BSMA stop). This is generally
> > used by
> > > > futures and forex traders. Stock traders could of course
short
> > the
> > > > stock however, one could also just buy stock and sell it
without
> > > > shorting it. Then when the next buy signal occurs, jump in
again.
> > > > This can be quite useful during trending markets however, it
is
> > > > practically useless in trendless conditions (I use Dr. John F.
> > Ehlers
> > > > Squelch functions to distinguish between trending and trading
> > ranges)
> > > > or when the price is consolidating. One can get whip-sawed
and
> > make
> > > > several losing trades under these trendless conditions.
> > > >
> > > > This function is inherently a trend-following study. It
increases
> > > > the stop level each successive day until the 10th day that the
> > market
> > > > is still trending. At this point, it raises the stop level
> > > > proportionally daily. This is due to the observed fact that
10-
> > day
> > > > runs are extremely rare. These long runs do occur however
they
> > only
> > > > occur around 5% of the time. So this works magnificiently in
> > trends
> > > > and miserably in congestion or consolidation periods, but
works
> > well
> > > > when combined with a 3BSMA stop during the initial stages
(when
> > the
> > > > start of the new trend is not yet confirmed and you want a
tight
> > stop
> > > > just in case the new trend did not start. Doesn't mean that
you
> > were
> > > > wrong in trading it, just that sometimes it takes a long time
for
> > a
> > > > new trend to develop and most people don't have the guts to
buy
> > when
> > > > everybody else is selling and sell when everybody else is
buying
> > and
> > > > that is one of the reason most traders lose and ofcourse they
may
> > > > also lack patience and also adequate capitalization, money-
> > management
> > > > (PositionSize, MaxOpenPos, MaxRisk, PositionScore etc.,))
> > > >
> > > > Any feedback appreciated. TIA.
> > > >
> > > > rgds, Pal
> > > >
> > > >
> > > >
> > > > Send BUG REPORTS to bugs@xxxx
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> > > >
> > > >
> >
> >
> >
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