|
PureBytes Links
Trading Reference Links
|
Hello all,
I just wanted to share a simple code for determining trend I use for
my mutual fund trading. Basically, if the long-term Trend Index is
above 60, I consider this an uptrend, below 40 is a downtrend. One of
the filters I use to buy funds is that the short-term Trend Index
must exceed the long-term Index. I know that this Index isn't
elegent, but it works very well for me.
//long-term PosROR count; ROR =rate-of-return//
period1 = Param("long-term",30,30,250,5);
ROR = ROC(Close,1);
PosROR = IIf(ROR>0,1,0);
PosRORratio = Sum(PosROR,period1)/period1;
//short-term PosROR count//
stPosROR = IIf(ROR>0,1,0);
stPosRORratio= Sum(stPosROR,13)/13;
//Index Calculation//
y1 = PosRORratio*100;
y2 = stPosRORratio*100;
Mov1 =EMA(y1,3);
Mov2 =EMA(y2,3);
Plot(Mov1,"long-term trend index",colorBlue);
Plot(Mov2,"short-term trend index",colorRed);
Title = "Trend Index"
+ " "
+ EncodeColor(colorBlue)+"long-term {" + WriteVal(period1,1.0) + "
bars} = " + WriteVal(Mov1,1.0)
+ " "
+ EncodeColor(colorRed)+ "short-term {13 bars} = " + WriteVal
(Mov2,1.0);
Dave Ankrapp
Lansing, MI
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Yahoo! Domains - Claim yours for only $14.70
http://us.click.yahoo.com/Z1wmxD/DREIAA/yQLSAA/GHeqlB/TM
---------------------------------------------------------------------~->
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send 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
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|