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Are you familiar with the ideas in the following book : 'Millard: Channels en cycles, a tribute to Hurst' ?
Ton.
----- Original Message -----
From: Fred
To: amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, October 10, 2006 8:03 PM
Subject: [amibroker] Re: Hurst Channels Code
Which performs a parabolic extrapolation ... doesn't it ?
I don't see how this is particularly helpful in predicting that the
lagging edge bands will come together at the current or a future
bar ...
What am I missing ?!
--- In amibroker@xxxxxxxxxxxxxxx, "Ton Sieverding"
<ton.sieverding@xxx> wrote:
>
> That's a long email for a short answer Fred. I am using the Ace
code ...
>
> Ton.
>
> ----- Original Message -----
> From: Fred
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Tuesday, October 10, 2006 3:23 PM
> Subject: [amibroker] Re: Hurst Channels Code
>
>
> Most of us who have read Hurst's writtings are well aware of the
> general principles involved in PM ... However, there are several
> points that should be mentioned or questioned with regards to
your
> comments ...
>
> 1. It is clear from Hurst's course material that PM and the
> techniques therein were, in his mind, a fairly simplistic view
of how
> he analyzed price and that the curvelinear trendlines were only
a
> means for the analyst to discover the cyclic forces in play i.e.
a
> possible first step in developing a full phasing Analysis (
FPA ) and
> using FLD's, VTL's and other techniques ...
> 2. As far as the tools and the math involved in the later
chapters
> and appendicies it is also clear that Hurst not only employed
the
> techniques therein but other more sophisticated techniques that
he
> didn't really write much about in PM. Clues to this can be seen
in
> the bibliography.
> 3. While PC's and AB didn't exist in 1970, mainframes and mini's
did
> and if you recall we had already managed to get to the moon and
back
> mostly by use of the slide rule.
> 4. The curvelinear bands that Hurst's uses are in essence n
period
> centered moving averages with percentage or standard deviation
bands
> around them which by their nature can not be computed closer
than n /
> 2 bars prior to the current bar. As such one must have some
> technique for extrapolating those bands to at least the current
bar
> and preferably beyond. Without this capability one would have
> already experienced half the move in the opposite direction when
the
> CMA catches up.
>
> My question then is ... If you are using curvelinear bands of
one
> sort or another inside AB how are you constructing the bands and
what
> methodologies are you using to extrapolate them ?
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Ton Sieverding"
> <ton.sieverding@> wrote:
> >
> > Hurst wrote 'The Profit Magic of Stock Transaction Timing' in
1970.
> When the technical annalist was using pencil and paper for his
> graphs. Bill Gates and TJ still did not exist and Hurst was not
using
> a PC. I've tried to get the original version of the book but
only got
> the reprinted version from 2000. Frankly I have the feeling that
> Chapter 11 as well as the Appendices have been added at the time
of
> the reprint. This to give you my opinion how I see the book. It
is an
> attempt to work with forecasted envelopes. And a good one ...
> >
> > For me the practical 'red line' for using the Hurst principle
is as
> I told you already rather simple. Try to construct two trading
bands.
> A long and a short period trading band. Hurst tells you how to
do
> that with pencil and paper. The software today does it
automatically
> for you. As soon as the short band is above the long one and the
> price above the short band you will have an 'overbought'
situation.
> When the short band falls below the long band and the price is
below
> the short band you have an 'oversold' situation. The combination
of
> these 'overbought' and 'oversold' situations with a falling
resp.
> rising long trend will give you the SELL and BUY signals. I am
using
> Hurst with weekly views and indexes and must say that the
results are
> very good ...
> >
> > Ton.
> >
> > ----- Original Message -----
> > From: Rakesh Sahgal
> > To: amibroker@xxxxxxxxxxxxxxx
> > Sent: Monday, October 09, 2006 3:18 PM
> > Subject: Re: [amibroker] Hurst Channels Code
> >
> >
> > I suggest you get familiar with the concept of cycles a la
Hurst
> and
> > use of Curvilinear Bands before you try to comprehend the
code. As
> > for the code looking into the future - yes it does.
> >
> > R
> >
> > On 10/9/06, Saji Oommen <sajioommen2@> wrote:
> > > Hello,
> > >
> > > Thanks for sharing the code. Could you kindly confirm
> > > that does this code have any ZIG function in it or
> > > does it look into future or the signals change when
> > > new data comes in. I read through the code and could
> > > not make it out. I am in the learning process of AFL.
> > > So pardon my ignorance.
> > >
> > > Regards
> > >
> > > Saji
> > >
> > > --- Ton Sieverding <ton.sieverding@> wrote:
> > >
> > > > The way I see it is rather simple. Let's take the
> > > > S&P500. Using a weekly view :
> > > > a.. Buy when Blue+Red+Price BELOW Green and Green
> > > > rising channel
> > > > b.. Sell when Blue+Red+Price ABOVE Green and Green
> > > > falling channel
> > > > Sell Augustus 2000,
> > > > Buy March 2003,
> > > > ... still Long.
> > > >
> > > > Ton.
> > > >
> > > > ----- Original Message -----
> > > > From: Rakesh Sahgal
> > > > To: Amibroker Yahoogroup
> > > > Sent: Monday, October 09, 2006 10:57 AM
> > > > Subject: [amibroker] Hurst Channels Code
> > > >
> > > >
> > > > For any of those interested in tinkering with
> > > > Hurst Channels, am
> > > > attaching code I had recieved from group member
> > > > Jason Hart. This code
> > > > was written by group member going by the nickname
> > > > "Ace".
> > > >
> > > > I was not able to make much use of it. The reason
> > > > was - the values of
> > > > the channels, current and in the immediate past
> > > > i.e. the projection
> > > > zone, were not constant. Since the values of the
> > > > projections changed
> > > > everyday I had no way of making any meaningful use
> > > > of it ( I was
> > > > basically looking for what Hurst called "Edge
> > > > Band" Trades). If my
> > > > understanding was incorrect and anyone can make
> > > > sense of them, please
> > > > be kind enough to share your insights with the
> > > > rest of us.
> > > >
> > > > Rakesh
> > > >
> > > >
> > > >
> > > >
> > >
> > >
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>
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