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No, Should I be ?
--- In amibroker@xxxxxxxxxxxxxxx, "Ton Sieverding"
<ton.sieverding@xxx> wrote:
>
> 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@> 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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> around
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> > > >
> > > >
> > > > Please note that this group is for discussion between
users
> > only.
> > > >
> > > > To get support from AmiBroker please send an e-mail
directly
> to
> > > > SUPPORT {at} amibroker.com
> > > >
> > > > For other support material please check also:
> > > > http://www.amibroker.com/support.html
> > > >
> > > >
> > > > Yahoo! Groups Links
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > >
> >
>
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