|
PureBytes Links
Trading Reference Links
|
<FONT face=Arial color=#0000ff
size=2>DT,
<FONT face=Arial color=#0000ff
size=2>
Your
informative comments distracted me from my real question... <SPAN
class=470454311-27122003>The QQQ and NDX,
which are a type of composite, show normal Shadows and can be subjected to
standard Candle analysis. This is not the case with AB
Composites.
<FONT face=Arial color=#0000ff
size=2>
My
question was: "...how can I create composites with more meaningfull
Shadows, like they occur in the QQQ and NDX?".
<FONT face=Arial color=#0000ff
size=2>
Any
ideas on this?
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>herman
<FONT face=Tahoma
size=2>-----Original Message-----From: DIMITRIS TSOKAKIS
[mailto:TSOKAKIS@xxxxxxxxx]Sent: December 27, 2003 3:34
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] Re:
A Composite problem with High and LowsHerman,I
have never tried, till now, the "market candles".My first objection is on
the method.When we create the composite ~C, we add, in equal weights, a
C1=1$ to another C2=45$.If the next day the first stock makes an
excellent +25%, it will be 1.25$ and its effect will disappear, since it
will add a very small 0.0025 to the total sum of Closes. What is important
is the changes of high C stocks and it does not reflect a reliable picture
of the market. A +10% in one single stock of 50$ will add 5 units,
which is equivalent to a +50% in 10 stocks of 1$ !!Prices should be
normalised in order to be more effective.The next objection is on the
logic.If you believe some candles formations are indicative for the next
bar behavior, then it would be better to create the formation
composite.I always include in the daily runs the "~morningstar"
together with the "~eveningstar" N100 tickers. It is not the first rate
decision tool but, whenever exceeds 10% it becomes a factor you can not
overcome easily [A "~morningstar"=13% is not a reason to sell, an
"~eveningstar"=12% is not a warning to buy any moving object...]The third
objection refers to the market : N100 is quite fast, sometimes nervous. A
candlestick formation nedds two-three bars and you should wait for the
full formation, else the pattern does not exist. The massive agreement of
the market will come [for a 3-day pattern] in 3-4 days, too late for the
N100 behavior.My research is restricted mainly in the morning/evening star
composites, I have not tried other patterns . The candlestick patterns
results are very poor when compared to the heavy-duty machine guns
[MeanRSI, MeanStochD, MeanCMO, MACDbull etc] of the N100 market.This
is my experience, if there is another magic pattern with massive behavior
I ignore, please drop a note to check it out.Dimitris Tsokakis--- In
amibroker@xxxxxxxxxxxxxxx, "Herman vandenBergen" <psytek@xxxx>
wrote:> Perhaps HHP...> > But I would expect that if
we were adding real time data, i.e. many> points/day. My formula
doesn't know the difference between any of the OHLC> price arrays.
The Open and Close appear to keep their significance while the>
High and Low lose it. For some reason the H&L just averages out into
average> volatility and, at least in composites.> > I
would like to use composites for short term price prediction, like
price> movements over the next day or so using Candle stick patterns.
This doesn't> seem to work - has anybody tried it?> >
herman> -----Original Message----->
From: harveyhp [mailto:harveyhp@xxxx]> Sent: December 27,
2003 2:34 AM> To:
amibroker@xxxxxxxxxxxxxxx> Subject: Re: [amibroker] A
Composite problem with High and Lows> > >
Herman,> Isn't this because the NDX and QQQ indices show
the highest and lowest> momentary values actually reached during
the day, whereas the composites are> necessarily calculated as if
all the components reached their highs and lows>
simultaneously?> HHP>
=============> ----- Original Message
-----> From: Herman
vandenBergen> To:
AmiBroker> Sent: 26 December, 2003 2:06
AM> Subject: [amibroker] A Composite problem
with High and Lows> > > Why do
the Highs and Lows (Candle Shadows) in my composites become>
useless?> > The NDX and QQQ Candle plots
have normal looking shadows... nice to work> with.>
> However the Highs and Lows in my Composites
have lost all meaningful> properties...Most shadows in the
composite extend up and down to about the> same extend while this
is not the case with the NDX and QQQ.> >
I want to perform Candle Analysis on my Composites, how can I
create> composites with more meaningfull Shadows, like they occur
in the QQQ and> NDX?> >
herman> [Code used to create the composite is
at the bottom of this email]> > > >
>
Buy=Sell=Short=Cover=0;>
AddToComposite(1,"~N100comp","V");>
AddToComposite(O,"~N100comp","O");>
AddToComposite(H,"~N100comp","H");>
AddToComposite(L,"~N100comp","L");>
AddToComposite(C,"~N100comp","C");> >
SetForeign("~N100comp");>
PlotOHLC(O/V,H/V,L/V,C/V,"N100comp",1,64);> > > >
> Send BUG REPORTS to
bugs@xxxx> Send SUGGESTIONS to
suggest@xxxx>
-----------------------------------------> Post
AmiQuote-related messages ONLY to:
amiquote@xxxxxxxxxxxxxxx> (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)>
-------------------------------------------->
Check group FAQ at:> <A
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html>
> > > >
---------------------------------------------------------------------------->
Yahoo! Groups Links> > a..
To visit your group on the web, go
to:> <A
href="">http://groups.yahoo.com/group/amibroker/>
> b.. To unsubscribe from this
group, send an email to:>
amibroker-unsubscribe@xxxxxxxxxxxxxxx>
> c.. Your use of Yahoo! Groups is
subject to the Yahoo! Terms of> Service.> > >
> > Send BUG REPORTS to
bugs@xxxx> Send SUGGESTIONS to
suggest@xxxx>
-----------------------------------------> Post
AmiQuote-related messages ONLY to:
amiquote@xxxxxxxxxxxxxxx> (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)>
--------------------------------------------> Check group
FAQ at:> <A
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html>
> > >
---------------------------------------------------------------------------->
--> Yahoo! Groups Links>
> a.. To visit your group on the web, go
to:> <A
href="">http://groups.yahoo.com/group/amibroker/>
> b.. To unsubscribe from this group, send an
email to:>
amibroker-unsubscribe@xxxxxxxxxxxxxxx> >
c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.Send BUG REPORTS to
bugs@xxxxxxxxxxxxxSend SUGGESTIONS to
suggest@xxxxxxxxxxxxx-----------------------------------------Post
AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check
group FAQ at: <A
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Yahoo! Groups Links
To visit your group on the web, go to:<A
href="">http://groups.yahoo.com/group/amibroker/
To unsubscribe from this group, send an email to:<A
href="">amibroker-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
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
Yahoo! Groups Sponsor
ADVERTISEMENT
Yahoo! Groups Links
To visit your group on the web, go to:http://groups.yahoo.com/group/amibroker/
To unsubscribe from this group, send an email to:amibroker-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|