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Hi,
Yes, after using the basic algorithm to discover pivots, it looks at
the bars between the last discovered pivot and the last bar of data
and then potentially adds one additional pivot. That pivot is drawn
using a dark shade of red or green to show it was added using that
code. That's not "bad" given what the code is designed to do -- it's
actually necessary to improve the basic algorithm. I am sure I will
improve that, and will be happy to post the results when I do.
I just posted an explanation as to what the code is meant to
provide/do. It is definitely not a set of buy and sell signals! It's
primarily purpose is to make fibonacci-based explorations easy to
write.
Gordon
--- In amibroker@xxxxxxxxxxxxxxx, "msc626" <msc626@xxxx> wrote:
> According to AA CHECK box, the formula references future quotes.
> dale b
> --- In amibroker@xxxxxxxxxxxxxxx, "mrdavis9" <mrdavis9@xxxx> wrote:
> > Reni, thanks for reporting this find. I agree, it is too good to
> be true. The coding is way beyond my skill level, so I cannot
> comment about that. However, I am very impressed with the concept
> which this is based on.
> > I hope that some other Amerbrokerians will offer their thoughts
on
> this. Maybe it is like the zig function, and looks great when you
> view it in an indicator window. Ron D
> > ----- Original Message -----
> > From: renilange
> > To: amibroker@xxxxxxxxxxxxxxx
> > Sent: Wednesday, February 25, 2004 7:32 AM
> > Subject: [amibroker] GORDON ROSE /PIVOT FORMULA (LIBRARY)
> >
> >
> > I have discovered in the Amibroker Library a long AFL formula
> edited
> > by Gordon Rose. Somebody could explain me what is the idea
behind
> > this formula? It gives fantastic results (arrows) but I suppose
> they
> > are not buy and sell points.
> > What do they mean?Perhaps Gordon Rose will see this thread.
> >
> > Thank you for explanations
> > Reni
> >
> >
> >
> >
> > Send BUG REPORTS to bugs@xxxx
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> >
> >
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Send BUG REPORTS to bugs@xxxxxxxxxxxxx
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