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Hi Ace,
Thank you for your explanation and I'll look into it deeper over the
weekend. Currently I am just at the initial stage of wave analysis.
Definitely I'll need more help later.
Cheers,
KK
----- Original Message -----
From: "acesheet" <acesheet@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, January 09, 2004 12:59 PM
Subject: [amibroker] Re: peak/trough with number of bars
> 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
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> > >
> > >
>
>
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