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Thank you very much for your book reference and rules
offered. I will try to code by myself. Looking
forward to seeing your mail.
Best Rgds,
Suree
--- ed nl <ed2000nl@xxxxxxx> wrote:
> hi Suree,
>
> yes the default setting are the settings given by
> Conway and and Behle (Length = 4). If you use
> different setting naturally you will get different
> signals as well.
>
> I bought it using Amazon.com to get their book.
>
>
http://www.amazon.com/exec/obidos/tg/detail/-/0971853649/002-9860528-9631218?v=glance
>
> later Ican send you their entry + exit rules to your
> private address but you will have to program it
> yourself,
>
> rgds, E
>
> ----- Original Message -----
> From: suree namsiripongpan
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Monday, November 15, 2004 2:27 PM
> Subject: Re: [amibroker] Re: visualising
> rectangles
>
>
> Dear Ed,
>
> Thanks again for your kindness. I ran your new
> code
> and now better understand the code logic. But my
> question is what is the appropriate length and
> range
> factor ? If i use your default setting, i will get
> the
> different rectangle, i.e. the past one. But if i
> use
> 8 and 1.5 then i will get the current one. And
> luckily, today close, has exceeded the long
> breakout.
> :) That's mean tomorrow, the trend should
> continue ?!
> at least to the next fibonacci level from the
> previous
> trought, i guess.
>
> how can i get the soft copy of 'professional stock
> trading' so i can understand the concept behind
> clearly, i am afraid i could not find it in my
> country....
>
>
> many thanks one more time :)
>
> --- ed nl <ed2000nl@xxxxxxx> wrote:
>
> > hi Suree,
> >
> > you could indeed use it in a explore. You need
> to
> > add:
> >
> > Filter = yon == 1;
> > Addcolum(yon,"Rectangle detected");
> >
> > Then the next day (or bar) you either go long or
> > short if it breaks the long breakout level or
> the
> > short breakout level.
> >
> > If I scan the Nasdaq 100 stocks for today it
> finds 3
> > possible entries. HSIC, JDSU, PAYX. Depending on
> > whether the price breaks the breakout levels
> they
> > can be entered as a long or short position. But
> I
> > did not test how good it works in a system. You
> need
> > to have a plan ready where to get out.
> >
> > Below I added code that includes Explore
> functions.
> > Also I put the rectangles inside the chart. Note
> > that multiple adjacent rectangles destort the
> box
> > like shape.
> >
> > rgds, Ed
> >
> >
> > /*
> >
> > Rectangle System Development
> >
> > after: "Professional Stock Trading", M. Conway /
> A.
> > Behle, 2003, pages 106, 107, 108
> >
> > Edward Pottasch, nov 2004
> >
> > */
> >
> > RectangleLength = 4;
> > RangeLength = RectangleLength * 3;
> > RangeFactor = 1.0;
> > RangeRatioLimit = 0.3;
> > AtrPeriod = RangeLength;
> >
> > // rectangle
> > hg = HHV(H,RectangleLength);
> > lw = LLV(L,RectangleLength);
> > HeightRectangle = hg - lw;
> >
> > // preceding range
> > hgp = Ref(HHV(H,RangeLength),RectangleLength *
> -1);
> > lwp = Ref(LLV(L,RangeLength),RectangleLength *
> -1);
> > HeightRangeLength = hgp - lwp;
> >
> > // aspect ratio
> > ar = HeightRectangle / HeightRangeLength;
> >
> > // ATR
> > at = ATR(AtrPeriod);
> >
> > // decide if it is a rectangle
> > yon = IIf(ar < RangeRatioLimit AND
> HeightRectangle <
> > at * RangeFactor, 1, 0);
> >
> > // breakout level
> > long_breakout_level = IIf(yon,yon * hg,Null);
> > short_breakout_level = IIf(yon,yon * lw,Null);
> >
> > // decide about direction
> > Buy = IIf(H > Ref(long_breakout_level,-1),1,0);
> > BuyPrice = IIf(O > Ref(long_breakout_level,-1),
> O,
> > Ref(long_breakout_level,-1));
> > Short = IIf(L <
> Ref(short_breakout_level,-1),1,0);
> > ShortPrice = IIf(O <
> Ref(short_breakout_level,-1),
> > O, Ref(short_breakout_level,-1));
> >
> > Plot(C,"",colorWhite,64);
> >
> > PlotShapes(IIf(yon,shapeCircle,0),colorWhite,
> layer
> > = 0, yposition = O, offset = 0 );
> > PlotShapes(IIf(Buy,shapeUpArrow,0),colorWhite,
> layer
> > = 0, yposition = BuyPrice, offset = 0 );
> >
>
>
PlotShapes(IIf(Short,shapeHollowDownArrow,0),colorLightBlue,
> > layer = 0, yposition = ShortPrice, offset = 0 );
> >
> > // visualize the rectangles
> > rect_top = null;
> > rect_bot = null;
> > for (i = 0; i < BarCount; i++) {
> >
> > if (yon[ i ]) {
> >
> > for (j = i - RectangleLength + 1; j <= i; j++)
> {
> >
> > rect_top[ j ] = hg[ i ];
> > rect_bot[ j ] = lw[ i ];
> >
> > }
> >
> > }
> >
> > }
> >
> > Plot(rect_top,"Long breakout
> > level",colorBrightGreen,1);
> > Plot(rect_bot,"Short breakout
> > level",colorBrightGreen,1);
> >
> > Filter = yon == 1;
> > AddColumn(yon,"Rectangle detected");
> > AddColumn(long_breakout_level,"Long Breakout
> > Level");
> > AddColumn(short_breakout_level,"Short Breakout
> > Level");
> >
> >
> > ----- Original Message -----
> > From: suree namsiripongpan
> > To: amibroker@xxxxxxxxxxxxxxx
> > Sent: Monday, November 15, 2004 11:21 AM
> > Subject: Re: [amibroker] Re: visualising
> > rectangles
> >
> >
> > dear ed,
> >
>
=== message truncated ===
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