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Using loops you can create any type of chart you want but of course you must
have data with a smaller time-frame (or do it real-time) to go with it.
The way I do it is to pre-process data running a loop, the processed data is
placed at the start ( barIndex() == 0 ). When done you shift it forward so
that the last bar of your pre-processed data ends up at Barcount-1. Bingo:
you now have a chart with ELASTIC TIME that is a function of volume,
volatility, price change, or anything else you want. This works in Real-Time
and would even be easier with EOD data. It can really compress/cleanup your
charts...
The disadvantage is that the backtester cannot deal with elastic time
(afaik) and you have to write you own BT or run the Bar-Playback tool and
log trades, or test in Real-Time.
best regards,
herman
-----Original Message-----
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]On
Behalf Of Lester Vanhoff
Sent: January 8, 2007 6:46 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Equivolume charts {was: Real-Time Heat-Map
(was:Displaying HOT-> COLD RGB colors)}
> Andy: ... how to do it [candlevolume chart] on an EOD chart in AB.
It was discussed here. Candlevolume charts are not possible in AB:
http://finance.groups.yahoo.com/group/amibroker/message/104684
http://finance.groups.yahoo.com/group/amibroker/message/104716
Lester
--- In amibroker@xxxxxxxxxxxxxxx, Andy Davidson <AndyDavidson@xxx> wrote:
>
> Yuki,
>
> Enjoyed that last post, especially:
>
> >> But it's really hard to hide big money. The only way to have a real
> >>chance to do it is to stretch out the time frame so that people lose
> >>interest or stop paying attention. That also encourages corrections
> >>that dip below many risk tolerances.
>
> Have read before that you regard volume as a critical component of your
> analysis and I suspect that the comments above explain why. Do you have
> any comments on using equivolume / equicandle charts to try and help
> decide when there has been "enough" consolidation? Was thinking of,
> one-day-when-I-get-the-time, trying to adapt my cycle analysis to
> equivol charts to see what happens.
>
> I'm convinced that time is equally, if not more, important to consider
> than absolute price level when entering a trade. But volume is pretty
> important too...so maybe equivolume charts can help display all three
> components at once? I used to occasionally give them a cursory glance in
> the bad old days when I used Metastock but have never tried to re-create
> the charts in AB as it didn't (and still doesn't) seem obvious how to do
> it on an EOD chart.
>
> Anyone else got any ideas how to do it?
> Andy
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