|
PureBytes Links
Trading Reference Links
|
Graham,
For what it's worth I'm a great believer in using % box sizes. The
conventional (stepped) method is merely a hangover from the days of hand
drawn charts and is very arbitrary.
The downside of % (log) box sizes is the weird axis markings and the fact
that your results will be different to Stockcharts etc. who use stepped box
sizes.
There is also the problem of where you start your price scale. In other
words, your boxes are different if you start at $1 (+1%, +2% etc) than if
you start at $5 (+1%, +2%......). Maybe just start all scales at $.01?
Steve
----- Original Message -----
From: "Graham" <gkavanagh@xxxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, June 29, 2004 9:53 AM
Subject: RE: [amibroker] Bullish Percent Charts
> Bullish Percent Index (BPI)
> Some notes for comment on getting started with this exercise. This I hope
> will provide a framework for creating a usable BPI.
>
>
> Ok, although there are no standard box sizes that we can use for all
> markets, and the box size does need to vary with price ranges anyway. A
$1
> box size is ok for $100 stock, but no good for a $10 stock. Also all
stocks
> have different prices in their history, so the box size needs to suit
them,
> so that you have the capability to backtest.
> Maybe if stick to a box size of 1% of the price, and reverse of 3% (ie 3
box
> reversal)
> Alternative box sizing can be via a series of stepped values of box for
the
> various price range steps. eg $2.01 to $5 is 0.02 & $5.01 to $10 is 0.05
> etc. There are various arrangements available for this depending on the
> source you read.
>
> Here is a bit of reading I have found relating to P&F and BPI
>
>
http://206.155.168.119/cgi-bin/foxweb.exe/D:/foxapps/fwuniv?email=&doc=gloss
> ary.html&quick=N
> (this is PnFUniversity and has a good set of notes on basic P&F
construction
> and uses)
>
> http://stockcharts.com/support/pnfCharts.html
>
>
http://www.investorsintelligence.com/x/869n.html?_S=6IiQwP57UhgP2wgkV6QjUFtm
> jDtyH#fbc
> (chartcraft)
>
> http://www.ez-pnf.com/ezpnf22u.htm
>
> http://www.archeranalysis.com/beb/index.html
> (bullseye)
>
> http://www.incrediblecharts.com/technical/pnf_charting.htm
>
>
>
> Basic P&F construction would be as most of them are done as I have
> researched. We just need some agreement on framework for the development
of
> BPI. Some details can be tailored by the individuals after it is usable,
> like actual box sizes.
>
> 1. Continue in current direction while new boxes are made.
> 2. If no new box, then has reversal occurred - if yes, then new column, if
> no then back to one.
>
> Having done a bit in construction of P&F charts I feel this is probably a
> reasonable starting way of constructing the BPI
>
> 1. Convert all prices to equivalent boxes, rounded to full boxes so only
> integers are used. This allows for a varying box size through the charts
and
> simplifies the process. As we do not actually need to create pretty P&F
> charts for each stock we can simplify things requiring only the box
> positions and direction. In effect we have a staircase type result of
price
> movements, and a running direction indicator ( up/down ). Another item to
> keep in memory is the previous high point of the last rising "column".
>
> 2. From what I can garner from the data on BPI it determines the number of
> stocks making bullish signals. These are when the rising column breaks
above
> the price of the previous rising column.
>
> ###### What I am not completely certain is whether the stocks continue to
be
> included for subsequent rising boxes after it is higher than the previous
> rising high?????? Some help on this would be useful.
>
> 3. So after we have done the above and created a composite ticker of the
> basket of stocks we convert this ticker into usable chart and/or
exploration
> result. I notice the BPI is often shown as a P&F chart.
>
>
> Comments appreciated on the above.
>
> If no interest then it can just float away into the sunset :), or if this
is
> not wanted and clutters up inboxes can move to alternative AB yahoo group.
>
>
> Cheers,
> Graham
> http://e-wire.net.au/~eb_kavan/
>
> -----Original Message-----
> From: bluesinvestor [mailto:bluesinvestor@xxxxxxxxxxxxx]
> Sent: Tuesday, June 29, 2004 11:56 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: RE: [amibroker] Bullish Percent Charts
>
> Graham,
>
> I too pursued this a while back and think that the newest versions of AB
> would make it easier to accomplish Bullish Percents.
>
> However, I think you are trying to run before you can crawl. I think
> traditional (boxsizes) chart buys/sells for BP's, instead of dynamic
> boxsizes (although I am intrigued), would be a better starting point.
>
> This way the BP's would be on par with Stockcharts.com and/or Dorsey
Wright.
>
> Just my 2c. Looking forward to open dialog on this as time permits.
>
> Regards,
> Peter
>
> > -----Original Message-----
> > From: Graham [mailto:gkavanagh@xxxxxxxxxxxxx]
> > Sent: Monday, June 28, 2004 10:15 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: RE: [amibroker] Bullish Percent Charts
> >
> > If there is any interest in making the BPI for AB, I could try coding
it.
> > But I need some input on how to interpret and produce it.
> > For a starter here is a "maybe" approach
> > Create a composite that contains the total moves for the stocks. This
> > would
> > be in real time and be compressed later for charting.
> > One thing that needs attention and is often a thing of personal
preference
> > is the box sizing. I have developed a system for another chart type that
> > takes the box sizing from the chart moves by using an average of the bar
> > to
> > bar moves and std devn of the moves. This can create a dynamic box size
> > that
> > varies with the volatility.
> >
> > So if anyone is interested in pursuing this, and providing help in
> > producing
> > it let me know. If others are not interested in following this we could
> > then
> > take the development process elsewhere for our discussions. (maybe even
> > the
> > Amibroker-afl yahoo group site.)
> >
> > Cheers,
> > Graham
> > http://e-wire.net.au/~eb_kavan/
> >
> > -----Original Message-----
> > From: Graham [mailto:gkavanagh@xxxxxxxxxxxxx]
> > Sent: Tuesday, June 29, 2004 7:07 AM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: RE: [amibroker] Bullish Percent Charts
> >
> > There are a few programs that offer it built in
> > >From memory PFscan, Bulls-Eye Broker have it
> >
> > It was something developed 50 years ago by chartcraft, so nothing new.
> >
> > I did a rough attempt at it some time ago, but I think the enhancements
in
> > AB since then would make this easier for someone to write a new one.
> >
> > Cheers,
> > Graham
> > http://e-wire.net.au/~eb_kavan/
> >
> > -----Original Message-----
> > From: mrdavis9 [mailto:mrdavis9@xxxxxxxxxx]
> > Sent: Monday, June 28, 2004 10:38 PM
> > To: amibroker
> > Subject: [amibroker] Bullish Percent Charts
> >
> > Below, I have pasted a message that I posted on the Holygrail board with
a
> > response to it. Do one of you one of you Gurus want to try to see if
he
> > is
> > actually correct when He states that only Stockcharts offers Pullish
> > Percent
> > charts? BTW, I imagine that by now, you are all well aware that I
> > should be the poster boy of Non-Programmers. Ron D.
> >
> >
> > =========================================================
> > Hi Ron,
> >
> > "You feel like you are in Camelot when you are using
> > Amibroker."
> >
> > Ah, come on Ron. Camelot? Camelot?? Ron, are you are a
> > programmer? I'm not so when I use AB, I feel like I am in the
> > dungeon. lol
> >
> > Acutally, I find Metastock much easier to use and learn than AB. MS
> > seems to have more indicators pre-loaded than AB. For instance,
> > AB's standard list of formulas doesn't even include %R. Plus, MS
> > offers phone support as well as email. And unless I am missing
> > something, only Stockcharts offers Bullish Percent charts as
> > compared to MS and AB.
> >
> > David
> >
> >
> > --- In holygrailsm@xxxxxxxxxxxxxxx, "mrdavis9" <mrdavis9@xxxx> wrote:
> > > PROBABLY THE MOST IMPORTANT POINT OF ALL IS THE SUPPORT SYSTEM.
> > Email
> > > your question any time of the day or night to the yahoo group, and
> > you will
> > > have answers within minutes to a few hours.
> > >
> > > Sometimes I can't go to sleep because I drink coffee later in the
> > day than I
> > > should. When this happens, I just go into my office, and try out
> > new coding
> > > Ideas in Amibroker. When I have a question at 2 or 3 AM: CST, I
> > email it to
> > > the Yahoogroup, and almost always have an answer within 10
> > minutes, usually
> > > from Australia. When I email questions during the day, the
> > answers come
> > > from all over the world. The yahoogroup sometimes is very
> > entertaining,
> > > especially Yuki, the brilliant housewife in Japan.
> > >
> > > I know way less than 1/100th of what Amibroker offers, but I what
> > I know
> > > serves me very well. You feel like you are in Camelot when you are
> > using
> > > Amibroker. Ron D
> >
> >
> >
> >
> > Check AmiBroker web page at:
> > http://www.amibroker.com/
> >
> > Check group FAQ at:
> > http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> >
> > Check AmiBroker web page at:
> > http://www.amibroker.com/
> >
> > Check group FAQ at:
> > http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> >
> > Check AmiBroker web page at:
> > http://www.amibroker.com/
> >
> > Check group FAQ at:
> > http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
>
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
> http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> Yahoo! Groups Links
>
>
>
>
>
>
>
------------------------ Yahoo! Groups Sponsor --------------------~-->
Yahoo! Domains - Claim yours for only $14.70
http://us.click.yahoo.com/Z1wmxD/DREIAA/yQLSAA/GHeqlB/TM
--------------------------------------------------------------------~->
Check AmiBroker web page at:
http://www.amibroker.com/
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/
|