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That's the general idea, but I suppose you can use the points and
price levels that get picked by this system to analyze waves and/or
cycles as well.
The thing that's different about this versus a zig zag type of
function is that its time based rather than a % price being used to
select highs and lows.
The idea is modelled after a book I read by Tom DeMark.
Personally, I use this to determine important breakout levels for
swing trading and also to determine trailing stop levels. I thought
you might be able to use it in the wave analysis that you mentioned.
At the very least its another way of picking peak and trough price
levels.
-ace
--- In amibroker@xxxxxxxxxxxxxxx, "kk2628" <kk2628@xxxx> wrote:
> Hi Ace,
>
> I have ploted the swinghigh and swinglow but not able to figure
out how to
> use it in my analysis. Would appreciate if you can shed some light
about it.
> Is it to be used as a pivot system ?
>
> Many thanks
> KK
> ----- Original Message -----
> From: "acesheet" <acesheet@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Friday, January 09, 2004 9:18 AM
> Subject: [amibroker] Re: peak/trough with number of bars
>
>
> > KK,
> >
> > try these functions that I developed:
> >
> > file://----------------------------------------------------------
-----
> > file://-------------------- N Degree Swing High -----------------
-----
> > file://----------------------------------------------------------
-----
> > // The 'degree' of a swing high refers to the
> > // number of lower/equal highs to both sides of the bar
> > // being analyzed. As an example if n=2 then there are
> > // 2 lower or equal highs prior to the analyzed bar and
> > // 2 lower or equal highs to the right of the bar
> > file://----------------------------------------------------------
-----
> > function SwingHigh(n)
> > {
> > // Degree of SH set
> > // --------------------------------------------------
> > // Peak points (SH's)
> > pk=Ref(HHV(H,2*n+1)==Ref(H,-n),n);
> > // --------------------------------------------------
> > // SH envelope values
> > sh1=IIf(pk,H,Null);
> > sh=Ref(HighestSince(pk,sh1,1),-n-1);
> > return sh;
> > }
> > file://----------------------------------------------------------
-----
> > file://-------------------- N Degree Swing Low ------------------
----
> > file://----------------------------------------------------------
-----
> > file://----------------------------------------------------------
-----
> > // The 'degree' of a swing low refers to the
> > // number of higher/equal lows to both sides of the bar
> > // being analyzed. As an example if n=2 then there are
> > // 2 higher or equal lows prior to the analyzed bar and
> > // 2 higher or equal lows to the right of the bar
> > file://----------------------------------------------------------
-----
> > function SwingLow(m)
> > {
> > // Degree of SL set
> > // --------------------------------------------------
> > // Trough points (SL's)
> > tr=Ref(LLV(L,2*m+1)==Ref(L,-m),m);
> > // --------------------------------------------------
> > // SH and SL envelope values
> > sl1=IIf(tr,L,Null);
> > sl=Ref(HighestSince(tr,sl1,1),-m-1);
> > return sl;
> > }
> >
> > These work quite well.
> >
> > -ace
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "kk2628" <kk2628@xxxx> wrote:
> > > Hi,
> > >
> > > I have tried to use the peak and trough function to do some
wave
> > analysis but I encounter some problems due to the sudden surge at
> > certain time. I thought it will be nice if these two functions
can
> > incorporate the count bars as one of the parameter e.g. peak
(array,
> > change, barcount,n=1). It will be even better if the change
> > parameter can be use as point as well as percentage. TJ, can
this to
> > be included in the wish list please.
> > >
> > > tks
> > > KK
> >
> >
> >
> >
> > 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:
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> >
> > Yahoo! Groups Links
> >
> > To visit your group on the web, go to:
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> >
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> >
> > Your use of Yahoo! Groups is subject to:
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> >
> >
> >
> >
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/)
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