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You do not mention what timeframe you are using.
My suggestion is that you use a Simple Moving Average.
I use a Weekly time frame for my Long stock trading (I do not
Short). I Plot a MA(C,30) on my charts and visually check my
Watchlist that each weekly Close Price has been above the MA(C,30)
for at least 52 weeks. I use a Vertical line placed 52 weeks ago to
give me the starting point that the MA(C,30) must be below. You will
quickly see how the price is trending. Plotting another MA using
Param to manually adjust the time period on each chart can also help
to identify strong trends.
I also use ROC(C,52) to show outperforming stocks.
I have the ASX Top 200 as my Watchlist and it only takes a few
minutes to scroll through nearly 200 charts. Plenty of candidates
for Long trading should appear. Volatility also allows short term,
even day trading opportunities.
Obviously, you can add more T/A whistles and bells if you find them
necessary. I think "less is best".
For the Australian market, Alan Hull has a number of publications on
trend trading using minimal chart interpretation.
Peter
--- In amibroker@xxxxxxxxxxxxxxx, Bruce Hawkins <hawkinsk001@xxx>
wrote:
>
> Does anybody have any code that recognizes trending price
structure?
>
> The first question that comes to my mind is what is trending price
> structure? I am hoping someone has tried to put that in code.
>
> Maybe "x" number of bars making HH's or LL's with no bar closing
> below/above the L/H of previous bar.
>
> What about slope of price or MA comparing previous values to
> current with no current value below previous value in an uptrend.
>
> Any thoughts would be appreciated.
>
> Cheers,
>
> Bruce
>
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