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No, no, my friend, indeed this is not
a/my trading strategy.
Hi Daniel,
Let us first get our terminology in sinc
and state that a 'Trading Strategy' here,
will contain only the charting elements (TA)
required within a 'complete' Trading Plan.
I have posted only two elements of a possible trading strategy.
1. One possible way of identifying a short-term trend change in the
direction of the medium-term trend.
2. One possible way of obtaining volume confirmation of a short-term
trend change.
As to a trend identification based on price alone, I usually have 5
trend lines plotted on one pane - each identifying a separate (time
defined) trend.
5 trend lines in one pane? Confusing? Drive you cross-eyed?
No. I'm a 'visual' guy. I want to keep this seemingly complex
representation to be displayed so that the info can be obtained at a
glance. AB enables this.
Back to the point!
I propose to trade the short-term trend.
I can now obtain confirmation of major-trends from above, and the
possibility/probability of trend change FROM BELOW - All this good
info at a glance.
My trading strategy may also require confirmation from other
different sources - Volume - Advance/decline - etc.
Fundamental analysis may be another element in determining market
conditions. Not TA of course.
As to the other components of a possible 'Trading Plan", which must
be in place before I'll outlay any moolah, well, that's another HUGE
question entirely.
Regds
Gerard
ps Lurkers, shirkers, and other interested parties may contact me at
gerardncarey at fastmail dot fm
--- In amibroker@xxxxxxxxxxxxxxx, "liberte721" <liberte@xxx> wrote:
>
> Thanks for posting your trading system. I have generalized and
> refactored it a bit to allow you to specify any periods instead of
10
> and 12. I tried it in daytrading on 1 minute bars, and found that
13
> and 16 worked better, but still no profit for me.
>
> Also included is a handy utility ("Let") to switch variable
settings
> between assignment, Param, and Optimize modes.
>
> // Positivity of Volume, by Gerard Carey
> // Generalized by Daniel LaLiberte
>
> function PositivityOfVolume (prd1, prd2)
> {
> aWMA = WMA(Close, prd1);
> vWMA = WMA(Volume, prd1);
> cond = Iif(aWMA > Ref(aWMA, -1), vWMA, -vWMA);
>
> CA = cond - Ref(MA(cond, prd2), -1);
> return CA;
> }
>
> function Let(label, default, start, end, inc, mode)
> // Arguments are the same as Param and Optimize,
> // with additional mode argument to specify either
> // assignment ("i"), Param ("p"), or Optimize ("o")
> {
> if (mode == "i") result = default;
> else if (mode == "p") result =
> Param(label, default, start, end, inc);
> else if (mode == "o") result =
> Optimize(label, default, start, end, inc);
>
> return result;
> }
> prd1 = Let("prd1", 10, 9, 15, 1, "o");
> prd2 = Let("prd2", 12, 15, 26, 1, "i");
>
> PoV = PositivityOfVolume(prd1, prd2);
>
> Plot(PoV, "Positivity of Volume", colorBlack, styleThick);
> Plot(0, "", colorRed);
>
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