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Hi Prashant,
Here is Momentum Divergence, although I am not clear---even having read the
book--on its interpretation:
<clip>
LookbackPeriod=Param("LookbackPeriod",15,5,200,1);
CloseValue=IIf(HHV(C,LookbackPeriod)-LLV(C,LookbackPeriod)!=0,HHV(C,Lookback
Period)-LLV(C,LookbackPeriod),50);
ClosePlot=100*(C-LLV(C,LookbackPeriod))/CloseValue;
FastMaPeriod=Param("FastMaPeriod",12,5,200,1);
SlowMaPeriod=Param("SlowMaPeriod",26,5,200,1);
MyMacd=EMA(C,FastMaPeriod)-EMA(C,SlowMaPeriod);
MACDValue=IIf(HHV(MyMacd,LookbackPeriod)-LLV(MyMacd,LookbackPeriod)!=0,HHV(M
yMacd,LookbackPeriod)-LLV(MyMacd,LookbackPeriod),50);
MACDPlot=100*(MyMAcd-LLV(MyMacd,LookbackPeriod))/MACDValue;
Plot(MACDPlot, "Momentum15:"+WriteVal(MACDPlot),
colorBlue,styleLine|styleThick);
Plot(ClosePlot, "Price15:"+WriteVal(C),colorRed ,1);
//Plot(90,"",1,styleLine|styleOwnScale);
Plot(30,"",colorGreen,styleLine);
//Plot(40,"",2,styleDots|styleOwnScale);
//Plot(80,"",3,styleDots|styleOwnScale);
GraphXSpace=10;
<clip>
This one defaults to 15 periods; he also uses a 40-period one in the book.
Let me know if you can help me understand it's interpretation.
-john
----- Original Message -----
From: Prashant Nayak
To: amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, June 20, 2004 4:34 AM
Subject: - Re: [amibroker] Acceleration Bands -
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
----- Original Message -----
From: HarveyHP
To: 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:
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: amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, June 20, 2004 2:53 AM
Subject: Re: [amibroker] Acceleration Bands
/* Headley - Acceleration Vands */
MidPt = MA( C, 20 );
AccUp = MA( ( H * ( 1 + 2 * ( ( ( ( H - L ) / ( ( H + L ) / 2 ) ) * 1000 ) *
.001 ) ) ) , 20 );
AccDn = MA( ( L * ( 1 - 2 * ( ( ( ( H - L ) / ( ( H + L ) / 2 ) ) * 1000 ) *
.001 ) ) ) , 20 );
Plot( C, "", colorBlack, styleCandle );
Plot( MidPt, "", colorBrown, styleDots );
Plot( AccUp, "", colorBrown, styleLine );
Plot( AccDn, "", colorBrown, styleLine );
Title = EncodeColor( colorBrown ) + "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
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