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<SPAN
class=000495805-03022004>All,
<SPAN
class=000495805-03022004>
I did up what I call
the 'R' channel that seems to capture any move fairly closely (
especially in relation to StochRSI and CMO tops and
bottoms)
<SPAN
class=000495805-03022004>
I've looked at it
from various symbols, markets and time frames and it stills seems to match
fairly closely.
<SPAN
class=000495805-03022004>
I'm not good at
coding limits and stops, yet.
It seems to notify
fairly well, but I need some help coding the profitable exploitation of
it.
<SPAN
class=000495805-03022004>
Market makers can
exploit the spread.
<SPAN
class=000495805-03022004>I am posting it with the
hope the thread remains a positive and constructive learning experience for
all.
<SPAN
class=000495805-03022004>Let's see how creative we can
be.
<SPAN
class=000495805-03022004>And, In the end, profitable for
all.
<SPAN
class=000495805-03022004>
Thanks for your
thoughts and the help in advance.
Attached in the
.afl
<SPAN
class=000495805-03022004>
Mr Valley
<SPAN
class=000495805-03022004>
/* 'R' Channel */
/*Author Marc Valley */
Var = <FONT face=Arial color=#ff00ff
size=1>4;
M1 = <FONT color=#0000ff
size=1>MA(Max<FONT
size=1>(H,Var ),2<FONT
size=1>);
L1 = <FONT color=#0000ff
size=1>MA(Min<FONT
size=1>(L,Var ),2<FONT
size=1>);
K = M1 - L1;
Num1 = <FONT face=Arial color=#0000ff
size=1>sqrt(K);
Dem1 = <FONT color=#0000ff
size=1>sqrt(<FONT color=#ff00ff
size=1>1.00+K);
H1 = (Num1/Dem1)/<FONT face=Arial
color=#ff00ff size=1>2;
Num2 = <FONT color=#0000ff
size=1>sqrt(<FONT color=#ff00ff
size=1>1.0);
Dem2 = <FONT color=#0000ff
size=1>sqrt(<FONT color=#ff00ff
size=1>1+K);
H2 = ((Num2/Dem2)/<FONT face=Arial
color=#ff00ff size=1>2)
*C;
H3 =(H1 + H2) ;
MAH2MA =<FONT color=#0000ff
size=1>MA(L - (H2/<FONT color=#ff00ff
size=1>100),Var );
MAH3MA= <FONT color=#0000ff
size=1>MA(H + (H3/<FONT color=#ff00ff
size=1>100) ,Var);
MA3 = (MAH3MA + MAH2MA) /<FONT face=Arial
color=#ff00ff size=1>2;
UCL =( MAH3MA + MA3 )/<FONT face=Arial
color=#ff00ff size=1>2;
LCL = (MA3 + MAH2MA )/<FONT
color=#ff00ff size=1>2;<FONT color=#008000
size=1>
//Buy = INSERT RULES HERE ;
//Sell = INSERT RULES HERE ;
//Cover = Buy;
//Short = Sell;
//Equity(1);<FONT
color=#0000ff size=1>
Plot<FONT
size=1>(Close,"Valley 'R' Channel
Close",1<FONT
size=1>,8<FONT
size=1>);
//Plot(L,"Low",6,8);
//Plot(Close,"Close",1,64);<FONT
color=#0000ff size=1>
Plot(MAH2MA
,"H2",<FONT
color=#ff00ff size=1>5,<FONT color=#ff00ff
size=1>4);
Plot(MAH3MA
,"H3",<FONT
color=#ff00ff size=1>4,<FONT color=#ff00ff
size=1>4);
Plot(MA3
,"Center",<FONT
color=#ff00ff size=1>2,<FONT color=#ff00ff
size=1>4);
Plot(UCL
,"UCL",<FONT
color=#ff00ff size=1>10,<FONT color=#ff00ff
size=1>4);
Plot(LCL
,"LCL",<FONT
color=#ff00ff size=1>10,<FONT color=#ff00ff
size=1>4);<FONT face=Arial color=#008000
size=1>
//Plot(Avg,"Valley 'R' Channel (C)
2004 Avg",colorYellow,8);
////////////////////////////////// Market Trend Plot
Section
//Plot(MA(C,18),"MA18",4,4);<FONT
color=#0000ff size=1>
Plot<FONT
size=1>(MA<FONT
size=1>(C,40<FONT
size=1>),"MA40"<FONT
size=1>,7,<FONT
color=#ff00ff size=1>4);<FONT
color=#0000ff size=1>
Plot<FONT
size=1>(MA<FONT
size=1>(C,100<FONT
size=1>),"MA100"<FONT
size=1>,5,<FONT
color=#ff00ff size=1>4);<FONT
color=#0000ff size=1>
Plot<FONT
size=1>(MA<FONT
size=1>(C,200<FONT
size=1>),"MA200"<FONT
size=1>,6,<FONT
color=#ff00ff size=1>4);<FONT
color=#0000ff size=1>
Plot<FONT
size=1>(Close ,"Close"<FONT
size=1> + EncodeColor(
colorBlack ) ,2,
styleNoLine | styleNoRescale
);
<SPAN
class=000495805-03022004>
Mr
Valley
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Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
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Attachment:
'R' Channel.afl
Attachment:
Description: "Description: Binary data"
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