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Herman:
What a delightful piece of code. Very
interesting. Thanks for sharing it.
Ken
PS: Right into my IS saved messages area
(of course).
-----Original Message-----
From: Herman vandenBergen
[mailto:psytek@xxxxxxxx]
Sent: Thursday,
January 15, 2004 <span
>7:36 AM<font size=2
face=Tahoma>
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [amibroker] Advance
Declone Line
<span
>Hello,
<span
>Below some code to tinker
with. Instead of counting all pos and negative changes I sort the changes
into ranges, like a range for zero change, one for >0 and <1, >1
and <2, etc. The code requires a preliminary Scan after which I run the
OldBacktester and click Equity to display the charts.
<span
>It is interesting to note
that certain magnitudes of change are more indicative of price change than
others, for example changes less than 1% don't have nice swings. But 3% lines
have a nice rhythm and could be summed separately to provide you with a
better (?) AD line. Run on N100 and plot beside the !NDX to see
correlations. The chart should look something like this:
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