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Graham:
thanks for replying.
No, not the Parabolic SAR indicator used as a stop loss or entry.
I am talking about a drawing tool.
Guppy is big on this being one form of trend line, only it increases exponentially and then becomes vertical.
He has this as a drawing tool in GTE and uses it as a Time Stop.
In other words once he finds price action rising exponentially he uses the parabolic drawing tool. When the price crosses the line by implication it has fallen below the trend line and is time to get out of the position quickly.
See http://www.members.iinet.net/~kris.mar/parabolic_curve.PNG
for an example from his newsletter.
It would be cool if we have this a drawing tool in AB before the MS guys get it!!
(This is a challenge to all coders with maths skills, you might say.)
Regards
ChrisB
Graham <gkavanagh@xxxxxxxxxxxxx> wrote:
Do you mean the parabolic SAR. It is a built-in indicator, also explained in
the technical analysis-indicators section of help files
Cheers,
Graham
http://e-wire.net.au/~eb_kavan/
-----Original Message-----
From: kris45mar [mailto:kris45mar@xxxxxxxxx]
Sent: Saturday, August 28, 2004 7:01 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Draw tool: Parabolic curve?
Hi All.
I have searched the help file and Amibroker.chm but cannot find any mention
of this.
Daryl Guppy makes use of this in his own charting package and is talking to
Metastock's Equis to have this included.
I cannot see it in 4.6 of AB.
Has anyone coded this?
regards
ChrisB
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