Re: [amibroker] Momentum Bars in AB ? Renko bars in AB?

["TaoTrader" <taotrader@xxxxxxxxxxx>]

I've inquired before here about Renko charts for AB, but didn't get a response.  I've not been successful in programming Renkos in afl (though my skills are limited).  I've come across some Metastock code (see below), which may or may not work.  Maybe somebody can take a stab at it in afl.  It would be greatly appreciated.

Gernot

Inputs: K(1),
vars:Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);

If BarNumber = 1 Then Begin
Up = H;
Dn = L;
Brick = K*(H - L);
End;
If BarNumber > 1 then begin
If C > UP + Brick Then begin
BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);
UP = Up + BricksUp;
DN = Up - Brick;
BricksDn = 0;
End;
If C < Dn - Brick Then begin
BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);
Dn = Dn - BricksDn;
Up = Dn + Brick;
BricksUp = 0;
End;
End;

Plot1(UP, "Up");
Plot2(DN, "Dn");


  ----- Original Message ----- 
  From: Graham 
  To: amibroker@xxxxxxxxxxxxxxx 
  Sent: Wednesday, August 11, 2004 10:39 PM
  Subject: RE: [amibroker] Momentum Bars in AB ? Renko bars in AB?


  I have not come across the constant range bars before, so I will have a look
  and see if it is relatively easy to put together.
  Renko would be similar in construction to P&F with modifications of course

  Cheers,
  Graham
  http://e-wire.net.au/~eb_kavan/

  -----Original Message-----
  From: n7wyw [mailto:dennisljohnston@xxxxxxxxxxx] 
  Sent: Thursday, August 12, 2004 9:54 AM
  To: amibroker@xxxxxxxxxxxxxxx
  Subject: [amibroker] Momentum Bars in AB ? Renko bars in AB?

  I want to have constant range bars like are described below:  does 
  anyone know how to do it?  eSignal and ensignsoftware charts can do 
  it but I want to do it in Amibroker.  Also, eSignal can do renko 
  bars, does anyone know how to do that in AB?

  Thanks


  http://ensignsoftware.com/tips/tradingtips49.htm

  Two articles in the Stocks, Futures & Options magazine 
  (www.sfomag.com) introduced a new charting concept.  The first 
  article was 'Paradigm Shift Lights the Way to Momentum Bars' by 
  Desmond MacRae, SFO Feb 2003.  The follow-up article was 'Momentum 
  Bars: The Sequel ...' by Desmond MacRae, SFO Apr 2003.  These 
  articles describe a charting concept developed by Danton Long called 
  Momentum Bars.

  Momentum Bars are basically constant range bars.  The bars look like 
  standard chart bars with an open, high, low, close and volume.   The 
  high-low range of each bar is constant.  A new bar does not start 
  until a price tick is received that would exceed the fixed range of 
  the current bar.   Momentum Bar charts have the following 
  characteristics: 

  Each bar is the same height because the range is constant. 
  The close of a bar is always at the high or low of the bar. 
  The open of a bar is always one tick below or above the close of the 
  preceding bar. 
  The time period covered by each bar varies. 
  All gaps are filled with inserted 'phantom' bars. 





  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 Sponsor 
              ADVERTISEMENT
             
       
       


------------------------------------------------------------------------------
  Yahoo! Groups Links

    a.. To visit your group on the web, go to:
    http://groups.yahoo.com/group/amibroker/
      
    b.. To unsubscribe from this group, send an email to:
    amibroker-unsubscribe@xxxxxxxxxxxxxxx
      
    c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. 



[Non-text portions of this message have been removed]



------------------------ 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/