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Al,
We actually need only one line, say pos.
It is convenient to plot two, it gives perhaps easier reading.
[The same for various pairs like MACDBULL-MACDBEAR etc]
If the initial condition is binary [example ROC>0 vs ROC<=0] then we
need only the population of ROC>0 and the total database count].
There is no reason to blame yourself, all the T/A literature the last
40 years does not "see" that Williams %R is nothing but a Stochastic-
100 [I wonder if Larry W knew that when he presented his famous
indicator]. Serious articles are posted in serious T/A magazines to
explain why they prefer Williams instead of Stochastics [!!!] and it
is not a joke.
It took me 6 months to find out AddToComposite(1,"~count","v") to
count the stocks of a database. It was more simple [for me] to create
and then add MACDBULL+MACDBEAR !!![many AFL Library formulas still
have this way] instead of adding 1s.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Al Venosa" <advenosa@xxxx> wrote:
> My apologies, Dimitris. You are correct, of course. I should have
done the
> algebra before writing my last message. Very embarrassing. Thanks
for
> pointing out my stupidity.
>
> AV
>
> ----- Original Message -----
> From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Saturday, February 07, 2004 1:08 PM
> Subject: [amibroker] Re: The last [dangerous but profitable] days
of a trend
>
>
> > Al,
> > Note that, since pos+neg is always equal to 100, pos-neg=pos-(100-
pos)
> > =2*pos-100, in other words the information of pos-neg is the same
> > with the info of pos alone [in a different scale]
> > Dimitris Tsokakis
> > --- In amibroker@xxxxxxxxxxxxxxx, "Al Venosa" <advenosa@xxxx>
wrote:
> > > Dimitris:
> > >
> > > 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@xxxx>
> > > 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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