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Hi Ron
I was referring to a system of ascertaining Support/Resistance based on a volume computation developed by the late Paul Levine. He had a program called WinMidas which unfortunately was withdrawn from the market by his partners.
Trendlines based on the RSI are an altogether different cup of tea. However if you can dig up the code it will certainly be interesting to get a look at it.
As to your message it reached me via the AB yahoo group.
Rakeshmrdavis9 <mrdavis9@xxxxxxxxxx> wrote:
Rakish, good to see your response to my post. I thought I only posted this on our local AmibrokerNT yahoogroup. Just curious, did you find this on this board, or on our local AmibrokerNT board.
Some time back, DT and others on this board created AFL coding for automatic trendlines based on RSI.
I think your idea is good, but I want to be able run a new exploration on the entire stock EOD database each evening after it is downloaded, so manually drawing trendlines would not be my preferred approach.
Later, I will try to locate the AFL for the automatic AFL trendlines. Ron D
----- Original Message -----
From: Rakesh Sahgal
To: amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, April 10, 2004 12:58 AM
Subject: Re: [amibroker] Breakout Patterns
Digressing from tthe original thread, has anyone ever done any work on the MIDAS system of Paul(if i am not mistken) Levine in AFL. AB has the ability to remember trendlines and give signals on TrendLine crossovers.
Midas SR lines have to be setup manually. What I am getting at is, if it is possible to setup MIDAS SR lines manually( a la trend lines) and make AB remember them and give a signal on crossover it is a vey powerful tradinhg aid.Such crossovers can then be found out using the exploration feature of AB.
I did some work on MIDAS SR lines in MS and can dig up the formula for some one needing a starting point.
Lets see if I can meet any people interested in the Midas SR system.
Rakesh
mrdavis9 <mrdavis9@xxxxxxxxxx> wrote:
I am addicted to AFL. I am sending a chart to illustrate this email.
I am hoping that some of you have observed chart patterns that you would like to be able to find with an Amibroker Exploration.
I would like for the group to try to develop AFL explorations to find chart patterns that some of you have observed sometimes result in very nice breakouts.
I am inviting any and all of you to send chart attachments to this AmibrokerNT yahoo group.
All that you have to do is identify on the chart the location of the breakout that you are interested in, and, as a group, can develop explorations for these breakout patterns.
It doesn't matter in the beginning if I am the only one to attempt coding for these breakouts, I still would like to see charts submitted to work on. As I stated above, I am addicted to AFL. Later Ron DSend BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to suggest@xxxxxxxxxxxxx-----------------------------------------Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html > ATTACHMENT part 2 image/png name=Chart.png
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