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DT:
For your information, the attached shows
the Adv GET Ellipse.
In using the tool, you click a pivot point
and drag to the next or your favorite next pivot point.
In the capture, dragging from 5 to A
produced an ellipse at B, a reversal point. Other ellipses are shown.
The last was drawn by dragging from C to 3
and it produces an ellipse lower and a line up to a grey ellipse---an
in-the-future projection.
The proprietary code within GET advances
the ellipse as each new daily bar is added. It is said that price will
decline (in the case shown), and the ellipse will rise, until the price bars are
near or within the grey ellipse. Then that ellipse will turn like the
others to aqua color with a red border. Such a zone is supposed to be a
higher probability reversal zone or “set-up” zone. You will
notice the thin red and blue lines which are 6 demas, 4 day advanced of the
highs and lows (red=lows, blue=highs). After a setup zone is hit and
price reverses, the suggestion is to buy when the close prices ends above the
blue line for longs and below the red line for shorts. Thus, the
suggestion is not to depend on the ellipse (or any of the other proprietary
tools of GET) for taking a position but only for getting ready and then make
the commitment when the displaced emas are crossed.
Pivot points that are further apart in
time and price are claimed to produce more “reliable” ellipse
locations for turning points.
No AFL code can do this, but thanks for
the ellipse you provided.
This was only FTYI.
Ken
-----Original Message-----
From: Dimitris Tsokakis
[mailto:TSOKAKIS@xxxxxxxxx]
Sent: Monday, June 14, 2004 7:29
AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] The
Trough-to-Peak Ellipse
For an already drawn Trough-to-Peak study AB, the respective ellipse is
<span
>// The Trough-to-Peak Ellipse
y=C;
X=BarIndex();
AB=Study("AB",GetChartID());
Plot(y,"C",1,64);
G=Cum(IsTrue(AB));
STARTX=LastValue(ValueWhen(G==1,X));
STARTY=L[STARTX];
ENDX=LastValue(ValueWhen(G>Ref(G,-1),X));
ENDY=H[ENDX];
x0=ENDX;y0=STARTY;
b=ENDY-STARTY;a=ENDX-STARTX;
Ellipse=y0+sqrt((a*b)^2-(b*(x-x0))^2)/a;
Plot(Ellipse,"Ellipse",colorWhite,1);
GraphXSpace=8;
Dimitris Tsokakis
Check
AmiBroker web page at:<span
>
http://www.amibroker.com/
Check group FAQ at: <a
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Check AmiBroker web page at:
http://www.amibroker.com/
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