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Thanks, Graham. In your example below, you say that a new
PEAK will form after the High price is 10% lower than the most
recent highest high. lets assume that the current high is 100,
then this Peakfunction will find the most recent time that the High was
>=$111.11. You say that a new peak will form after the High price
is 10% lower than the most recent high. Most likely, this latest bar will
not be a new peak high level of the high, so I am wondering why it is referred
to as a new peak.
have no idea what this newly found 10% lower bar
should be called, but to me, calling it a new peak is misleading. To me, a
little more accurate name for this function would be
Drop(array,change,1).
I probably still fail to understand how this works, but
these are my comments based on my current understanding of what Peak does.
Thanks again for the explanation. Ron D
<FONT
face="Times New Roman">
----- Original Message -----
<BLOCKQUOTE dir=ltr
>
<DIV
>From:
<A title=gkavanagh@xxxxxxxxxxxxx
href="">Graham
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, February 25, 2004 6:20
PM
Subject: RE: [amibroker] How to use
Peak(array,change,n)
The change is the percent
change. A new peak is formed only after the relevant array price has moved by
the % amount
eg if you are using
Peak(H,10,1) then a new peak will form after the High price is 10% lower than
the most recent highest high
hope this
helps
Cheers,Graham<A
href="">http://e-wire.net.au/~eb_kavan/
<FONT
face=Tahoma size=2>-----Original Message-----From: mrdavis9
[mailto:mrdavis9@xxxxxxxxxx] Sent: Thursday, 26 February 2004
8:15 AMTo: amibrokeryahoogroupsSubject: [amibroker]
How to use Peak(array,change,n)
I saw Graham's post with the definition of Peak.
This prompted me check it out. I ran the example in
the user manual and I had the timespan set FROM 1/27/1995
and TO 1/27/2004. When I clicked on SHOW CURRENT , there was a buy
arrow at 2/1/2000 and the close price was $71.00. This compares to the
close price of $33.91 on 1/27/04. I am unable to understand
what CHANGE means in Peak(array,CHANGE,1).
I would appreciate it if someone could help me
understand what CHANGE means, and show some examples of how you are
currently using this Peak function. Ron D
Here is what I ran>>>
Buy=MA<FONT
size=4>(V,50<FONT
size=4>)>1000000
AND C<150<FONT
size=4> AND Peak<FONT
size=4>(C,5<FONT
size=4>,1<FONT
size=4>);
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