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Hi Peter,
Thanks for the thorough response. Lots of food for thought.
thanks,
Bruce
jldyke wrote:
>
> 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 <mailto:amibroker%40yahoogroups.com>,
> 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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