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Re: [amibroker] Equivolume Charts



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Herman, Lester...
....Thanks for the pointers.
Andy

Herman wrote:
>
> 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%40yahoogroups.com> 
> [mailto:amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>]On
> Behalf Of Lester Vanhoff
> Sent: January 8, 2007 6:46 AM
> To: amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>
> 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/104684>
>
> http://finance.groups.yahoo.com/group/amibroker/message/104716 
> <http://finance.groups.yahoo.com/group/amibroker/message/104716>
>
> Lester
>
> --- In amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>, 
> 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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