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wow...that was a 'needle in a haystack'...
thanks!
fwiw: to others looking at Ehler's work:
http://www.mesasoftware.com/papers.htm
----- Original Message -----
From: "John" <jea55129@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, December 15, 2003 6:53 AM
Subject: [amibroker] Re: An effective stopping methodology - 3BSMA and
powerSAR stops
> 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
> > > > >
> > > > >
> > > > >
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