|
PureBytes Links
Trading Reference Links
|
Graham,
I have had some email difficulties the past couple of days so
forgive me if I overstate something that has probably already been
discussed.
Bullish Percent Index - I will talk about the BPNYSE since that is
the main indicator used by Dorsey Wright.
For every ticker on the NYSE you find out how many stocks are on a
PnF buy signal. Then you take the #buys/total# and this gives you
your value for the day. Each stock has one vote. And if the stock
is on a buy it can not change it's vote until it goes on a sell
signal.
The traditional scale you found is the correct scale. This should
be used before moving to a log scale.
Hopefully my email issues are resolved (and Yahoo is not bouncing
any), so if i can answer any questions please let me know.
Regards,
Peter
--- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:
> 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@x...]
> 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@x...]
> > 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@x...]
> > 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@x...]
> > 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
------------------------ Yahoo! Groups Sponsor --------------------~-->
Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar.
Now with Pop-Up Blocker. Get it for free!
http://us.click.yahoo.com/L5YrjA/eSIIAA/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/
|