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Plus/Minus Directional Indicators, usually used with Wilder's ADX system.
The functions come built-in with AB, you only need to call them - see the
help for more info.
Steve
----- Original Message -----
From: "Dickie Paria" <babui@xxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, June 22, 2005 6:12 PM
Subject: [amibroker] Re: A Scan for Stocks Making A Breakout From Base
> Took a quick glance at the code. What exactly is PDI and MDI in the
> Buy/Sell rules ?!!
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "areehoi" <hoierman@xxxx> wrote:
>> Dickie,
>> Here's another Breakout exporation/scan you may wish to look at that
>> gets fairly good results.
>> /* Breakout based on MetaStock & TC 2000 formulas*/
>> // get 25-day average volume and compare today's volume
>> V25 = MA(V, 25);
>> Cond1=(Close>1.06*L)AND(V>V/V25);
>> Cond2=((HHV(C,25)-LLV(C,25))/MA(H,25)-MA(L,25)*25)*100;
>> Buy = Cond1 AND Cond2 AND (PDI (14)>MDI(14))AND C> Ref(C,-1);
>> Sell = (PDI (14)<MDI(14));
>> Filter = C <30 AND C >2 AND Volume > 100000;
>> Result = WriteIf(Buy,"Buy","Sell");
>> AddTextColumn(Result,"Trade",
>> formatChar,IIf(Buy,colorDarkGreen,colorRed ),
>> IIf(Sell,colorLime,colorPink));
>> AddColumn( Close, "Close", 1.2, IIf( ROC(C, 1 ) >= 0,
>> colorDarkGreen,colorRed ),50 );
>> AddColumn(Ref(Close,-1),"Y-Close",1.2, IIf(
>> ROC(Ref(C,-1),1)>=0,colorDarkGreen, colorRed ),50 );
>> AddColumn( Volume, "Volume", 10.0, IIf( ROC(V, 1 ) >=
>> 0,colorDarkGreen, colorRed ) );
>> AddColumn( ROC( Close, 1 ), "ROC(1)", 1.2, IIf( ROC(C, 1 ) >=
>> 0,colorDarkGreen, colorRed));
>> Buy = ExRem(Buy,Sell);
>> Sell = ExRem(Sell,Buy);
>>
>>
>> --- In amibroker@xxxxxxxxxxxxxxx, "Dickie Paria" <babui@xxxx> wrote:
>> > Buy = LinRegSlope( C, 10 ) < Ref(C, -10 ) *0.6/100 AND
>> > LinRegSlope( C, 10 ) > -Ref( C, -10 ) * 0.3/100 AND Close > Open
> AND
>> > Low >= Ref(High, -1) AND Volume > Ref(Volume, -1);
>> >
>> > Short = LinRegSlope( C, 10 ) < Ref(C, -10 ) *0.6/100 AND
>> > LinRegSlope( C, 10 ) > -Ref( C, -10 ) * 0.3/100 AND Close < Open
> AND
>> > High <= Ref(Low, -1) AND Volume > Ref(Volume, -1);
>> >
>> > **************************************************
>> >
>> > The above is a scan for picking stocks that are making a breakout
>> > from base (long or short). Actually - you can use it for
> intraday,
>> > forex, futures, options whatever. There are some who believe
> that a
>> > breakout signal is more valid if the price base is relatively
> long.
>> > In that case - change the '10' in the code to whatever number you
>> > want - lets say - '120'. If you want to backtest then simply add
>> > a 'Sell' and/or 'Cover' rule of your choice. To get you started -
>
>> > here's a simple sell/cover rule
>> >
>> > Sell = Close < EMA(Close, 5);
>> > Cover = Close > EMA(Close, 5);
>> >
>> > I don't believe a breakout signal by itself is profitable - else,
>> > everybody and their mother would be doing it. But combine with
> your
>> > favorite indicators and you may get a profitable trading
> strategy.
>> > For an idea of how to incorporate a 'price base' in the 'Buy'
> rule
>> > with 2 indicators - look at a previous post of mine
>> > titled 'Revelation Trading System' (posted about a week ago on
> this
>> > forum).
>
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
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