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Bill,
thank you for the info, I had no idea about Babson etc, I will check
it out.
Since many programs [as you write] include this charting tool, it is
easy now for amibroker users to see the same graphs.
It would be interesting to give us a *useful* example.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <wd78@xxxx> wrote:
> DT:
>
> What you are drawing are known as Babson lines (Babson of Andrews
(median line)-Babson fame). Many programs have this included as a
charting tool with fully adjustable reaction levels so that one can
easily specify percentage, Gann, Fibonacci, etc. I look at them from
time to time and sometimes they are useful. I would not be surprised
if TJ does not have plans to include them in the charting tools.
>
> Bill
> ----- Original Message -----
> From: Dimitris Tsokakis
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Saturday, June 12, 2004 8:35 AM
> Subject: [amibroker] Oblique Fib Lines and the historical support
>
>
> Some historical support lines may be important for the next Fib
levels.
> Move your cursor to the past to see the impact of previous
support lines.
>
> // Oblique Fib Lines and the historical support
> x = Cum(1);per = 5;s1=L;s11=H;
> pS = TroughBars( s1, per, 1 ) == 0;
> endt= SelectedValue(ValueWhen( pS, x, 1 ));
> startt=SelectedValue(ValueWhen( pS, x, 2 ));
> dtS =endt-startt;
> endS = SelectedValue(ValueWhen( pS, s1, 1 ) );
> startS = SelectedValue( ValueWhen( pS, s1, 2 ));
> aS = (endS-startS)/dtS;bS = endS;
> trendlineS = aS * ( x -endt ) + bS;
> SU = IIf(x>startt-1,trendlineS,-1e10);
> Plot(SU,"SU",colorYellow,styleThick);
> Plot(C,"C",1,64);b=BarIndex();
> X1=ValueWhen(Cum(IsTrue(SU))==1,b);
> Y1=ValueWhen(b==X1,SU);
> X2=LastValue(b);Y2=LastValue(SU);
> SLOPE=(Y2-Y1)/(X2-X1);
> YP=LastValue(Highest(SU/SU*H));
> XP=ValueWhen(H==YP,b);
> HL0=YP+SLOPE*(b-XP);
> DIST=ValueWhen(H==YP,H-SU);
> HL1=YP-0.382*DIST+SLOPE*(b-XP);Plot
(HL1,"\n0.382",colorTurquoise,1);
> HL2=YP-0.5*DIST+SLOPE*(b-XP);Plot(HL2,"\n0.500",colorRed,8);
> HL3=YP-0.618*DIST+SLOPE*(b-XP);Plot(HL3,"\n0.618",colorIndigo,1);
> HL4=YP-0.786*DIST+SLOPE*(b-XP);Plot(HL4,"\n0.786",colorGold,1);
> Plot((HL1/HL1)*HL0,"\nRE",colorYellow,styleThick);
> GraphXSpace=2;
>
> Some support 6 or 9 months ago are quite characteristic and
useful .
> Dimitris Tsokakis
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