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Dear Harvey,
Can we also have the other two indicators Momentum
Divergence and Trend Intiation also for ami ? It would be an good
asset.
Prashant
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
HarveyHP
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, June 20, 2004 1:39 PM
Subject: [SPAM] - Re: [amibroker]
Acceleration Bands - Email found in subject
From the book "Big Trends in Trading" by Price
Headley.Basically I am taking the net directional movement each day
(high - low) and dividing it over the average price of the stock (high + low
divided by 2) to get a percentage of directional movement for the stock.
When the stock is non-trending these bands will contract, while the bands will
tend to expand when the stock is trending.1. Usually I am looking at
the last 20 bars on the Acceleration Bands. On a daily chart, this
incorporates roughly the last months trading activity, while on a weekly chart
this covers 4-1/2 months, and on a monthly chart just over 1-1/2 years of
price action.2. The upper and lower Acceleration Bands are plotted
equidistant from the simple moving average. A daily chart shows a 20-day
moving average, and a weekly chart plots a 20-week moving average.3.
Acceleration Bands adjust for a stock's volatility. The more volatile
the stock's price action over the last 20 periods, the wider the bands will be
around the moving average.4. Once I see two consecutive closes above
the upper Acceleration Band I get a buy signal. On trending stocks, this
will often lead to a major upside Acceleration move; on choppy trading range
stocks, this will often be a headfake. I use historical data which I
share with subscribers to show which stocks have performed the best (and the
worst) based on several entry and exit rules.5. One close back into
the Acceleration Band signals a traditional exit of the trade, as the
Acceleration period is now likely to end.Headley's web site is:<A
href=""
eudora="autourl">http://www.bigtrends.com/HHP=========================At
01:50 AM 6/20/2004, you wrote:
Can you describe how these bands
are intended to be used? Thanks, Steve
----- Original Message -----
From: HarveyHP
To: <A
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, June 20, 2004 2:53 AM
Subject: Re: [amibroker] Acceleration Bands
/*
Headley - Acceleration Vands */
MidPt = <FONT face="Courier New, Courier" color=#0000ff
size=2>MA( C, <FONT face="Courier New, Courier" color=#ff00ff
size=2>20 );
AccUp = <FONT face="Courier New, Courier" color=#0000ff
size=2>MA( ( H * ( <FONT face="Courier New, Courier"
color=#ff00ff size=2>1 + <FONT face="Courier New, Courier"
color=#ff00ff size=2>2 * ( ( ( ( H - L ) / ( ( H + L
) / 2 )
) * 1000 ) *
.001 ) ) ) , 20
);
AccDn = <FONT face="Courier New, Courier" color=#0000ff
size=2>MA( ( L * ( <FONT face="Courier New, Courier"
color=#ff00ff size=2>1 - <FONT face="Courier New, Courier"
color=#ff00ff size=2>2 * ( ( ( ( H - L ) / ( ( H + L
) / 2 )
) * 1000 ) *
.001 ) ) ) , 20
);
Plot(
C, "",
colorBlack, styleCandle );
Plot(
MidPt, "",
colorBrown, styleDots );
Plot(
AccUp, "",
colorBrown, styleLine );
Plot(
AccDn, <FONT face="Courier New, Courier" color=#ff00ff
size=2>"", colorBrown, styleLine );
Title = <FONT face="Courier New, Courier" color=#0000ff
size=2>EncodeColor( colorBrown ) + <FONT
face="Courier New, Courier" color=#ff00ff size=2>"Headely - Acceleration
Bands";
======================================================
At 05:17 PM 6/19/2004, you wrote:
Has anyone heard of Acceleration Bands? Does anyone have a code for
this indicator? Thanks.
Ed
<FONT face=Arial
size=2>
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