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If you create a blue line consisting of the difference between pos and neg
(i.e, (pos-neg)) and plot it instead of the green and red lines, whenever
the blue line crosses above 0, that's when the green line crosses above the
red (vice versa for when the blue crosses below 0). And whenever the blue
line reaches a max, that's when the short-term bull run ends (opposite for
when the blue line reaches a minimum signifying the end of the short-term
bear run). See gif. There is noise, but it is interesting.
Al V.
----- Original Message -----
From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Saturday, February 07, 2004 9:44 AM
Subject: [amibroker] Re: The last [dangerous but profitable] days of a trend
> Al,
> This was the only use [for me] till now, to have a warning for the
> last days of Pompei.
> You may take more info from the pos/neg graph, there are various
> phases.
> As you see, for the specific condition, I ask
> pos>neg AND pos to be continuously ascending
> When pos>neg the market is bullish in general, BUT, after the first
> pos peak there is no reason to increase Long positions, they will not
> be that profitable.
> Check the last green candles of the last months and you will see the
> increasing volume, especially when the last buyers step in.
> It is also interesting when confirmed by other signals.
> For example, the question of the last 12 N100 bars was the probable
> turning point, after the [interesting] correction.
> The "OUT1" arrow appeared on Thursday night, the OscDiff confirmed on
> Friday and that was it !!
> All these 12 bars there were NO other signals for a probable change
> [in a set of more than 50 regular signals !!].
> To be more specific, my CSCO is responsible for many Fibonacci
> victims : It stopped for a while at the 50%, then at 61.8% and the
> turning point needed an 100% retracement of the last [great] uptrend.
> With these two humble tools described above, one could wait all these
> 12 bars and buy CSCO at Thursday close of Friday Open.
> Dimitris Tsokakis
> Dimitris Tsokakis
> --- In amibroker@xxxxxxxxxxxxxxx, "Al Venosa" <advenosa@xxxx> wrote:
> > Yes, it is clear. Thank you much. I'm trying to figure out how to
> use this
> > code as an adjunct to my system testing. I'd like to use it as a
> condition
> > (like Buy = <my normal buy cond> AND ...) for entering longs and
> shorts in a
> > reversal type of system. Have you tried that? Do you use, for
> example, 30
> > and 70 as thresholds?
> >
> > Al V.
> >
> > ----- Original Message -----
> > From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Saturday, February 07, 2004 8:11 AM
> > Subject: [amibroker] Re: The last [dangerous but profitable] days
> of a trend
> >
> >
> > > Al,
> > > I hope it is clear now.
> > > The recent message is that we are not under selling pressure
> anymore.
> > > If a new bullish trend will be applied, it is another story.
> > > The code will show the last bars of this trend...
> > > Dimitris Tsokakis
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Al Venosa" <advenosa@xxxx>
> wrote:
> > > > Never mind. I found it. It was missing "1" just before "~count".
> > > >
> > > > AV
> > > > ----- Original Message -----
> > > > From: Al Venosa
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Sent: Saturday, February 07, 2004 8:00 AM
> > > > Subject: [amibroker] Re: The last [dangerous but profitable]
> days
> > > of a trend
> > > >
> > > >
> > > > DT:
> > > >
> > > > I tried your code but got a "bad arguments" error message
> after
> > > the last AddToComposite statement involving ~count. I think there
> is
> > > an array missing, isn't there? Please advise. Thanks for the idea.
> > > >
> > > > Al Venosa
> > > >
> > > > ----- Original Message -----
> > > > From: Dimitris Tsokakis
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Sent: Thursday, February 05, 2004 5:58 AM
> > > > Subject: [amibroker] The last [dangerous but profitable] days
> of
> > > a trend
> > > >
> > > >
> > > > We often see in the N100 group trendy periods. The market is
> > > easily going higher and higher.
> > > > More and more buyers "understand" that something is going on
> and
> > > gradually decide what they were afraid yesterday :
> > > > To step in, not to loose the party.
> > > > The last days are the most profitable, if your entry is old
> and
> > > the most dangerous if your entry is young.
> > > > The green candles indicate the mature phase of the uptrend, we
> > > should be ready to pull the Sell trigger immediately.
> > > > The red candles work for the Short side.
> > > > I think it is another way to avoid the usual but crucial
> mistake
> > > of the delayed entry.
> > > > For the whole N100 market scan all stocks, all quotations with
> > > >
> > > > n1=19;n2=39;
> > > > p1=OscP(n1,n2);p2=OscP(n1+1,n2+1);
> > > > OscDiff=100*(p1-p2);
> > > > AddToComposite(Oscdiff>0,"~Positive","v");
> > > > AddToComposite(Oscdiff<=0,"~Negative","v");
> > > > AddToComposite("~count","v");
> > > > Buy=0;
> > > >
> > > > to see how many stocks have positive OscDiff [a characteristic
> > > bullish property].
> > > > The rest are negative and express the bearish mood.
> > > >
> > > > After the composites creation plot in IB the
> > > >
> > > > pos=100*Foreign("~positive","v")/Foreign("~count","v");
> > > > neg=100*Foreign("~negative","v")/Foreign("~count","v");
> > > > Plot(pos,"pos",5,1);Plot(neg,"neg",4,1);
> > > > Color=(pos>=neg AND pos>Ref(pos,-1))*42+(neg>=pos AND neg>Ref
> > > (neg,-1))*31+1;
> > > > // Plot(C,"",Color,64);
> > > >
> > > > to see the indicators and the
> > > >
> > > > SetForeign("^NDX");
> > > > pos=100*Foreign("~positive","v")/Foreign("~count","v");
> > > > neg=100*Foreign("~negative","v")/Foreign("~count","v");
> > > > // Plot(pos,"pos",5,1);Plot(neg,"neg",4,1);
> > > > Color=(pos>=neg AND pos>Ref(pos,-1))*42+(neg>=pos AND neg>Ref
> > > (neg,-1))*31+1;
> > > > Plot(C,"",Color,64);
> > > >
> > > > to have an easy reference for the last bullish/bearish days.
> > > > The advice of the att. gif is simple : do not buy after day2,
> > > the last 8 green candles are over.
> > > > If you are on the short side, avoid increasing your position
> > > after day1, the series of red candles is interrupted.
> > > > Dimitris Tsokakis
> > > >
> > > >
> > > >
> > > > Al Venosa
> > > > advenosa@xxxx
> > > >
> > > >
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