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Hi Brian,
Will do.
To wind up our RSI discussion I am sure you know the "countertrend
bias" of RSI give rise to positive divergence at bottom (price makes
Lower Low while RSI makes Higher Low) and negative divergence at top
(price makes Higher High while RSI makes Lower High). Does
divergence nail bottoms and tops? Nothing is sure, but it is a good
tool. The naked eye can see troughs and peaks qualitatively (I mean
screen out noise of intermediate peaks and troughs if need be) but I
have never learned how to make AB do this beyond the very short time
frame of counting all peaks and troughs at the next bar. I can't use
zigzag, peak or trough commands as they look in the future. I hope
AB will reveal the codes for zigzag, that might help me the non-
programmer figure out a way of building positive and negative
divergence codes that look beyond minor peaks and troughs without
looking in the future. I am sure some of you code wizards know how,
do tell.
RSI can also make "positive divergence" in bear markets by printing
Higher High while price prints Lower High. Constance Brown
(Technical Analysis for the Trading professional) describes this as
a find, but to know the secret (targets et al) you have to pay more
for her subscription service. Just another example of the bottomless
pit of demand for saleable holy grails.
Sursod
--- In amibroker@xxxxxxxxxxxxxxx, "brian.z123" <brian.z123@xxx>
wrote:
>
> Sursod,
>
> I bookmarked your post.
>
> email me brian.z123@xxx
>
> if you want some feedback later when I do a study on RSI & SRSI
as
> discussed by you.
> I will mail you off the air if I find anything worth sharing or if
I
> disagree with your findings.
> It will be a while as I have a lot of work in front of me at the
> moment.
>
> I'm going to continue discussion within the forum, according to
the
> guidelines, when and where it suits me.
>
> As it happens I don't actually want to be personally involved in
long
> discussions on OT issues.
> (I wouldn't put your post in that category).
> I am happy to exchange core info within the forum (as we did in
this
> discussion) and then follow up on the leads privately.
>
> In this case, I couldn't go with you in an intelligent discussion
on
> RSI, bound indicators etc but after I do some homework on the
topic I
> would like to swap notes.
>
> If anything interesting comes out of that and you want to share in
> the forum I am sure a % of users would be interested.
>
> Brian.
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "sursod" <sursod@> wrote:
> >
> > Brian,
> > Thank you for the kind words, I was worried my verbosity would
be
> > read as gibberish. In order not to stray from the straight and
> > narrow path of coding I will refrain from the temptation of more
> > verbosity.
> >
> > Personally I would rather skip or delete posts than risk boxing
in
> > topics so tightly ideas die before they have a chance to grow.
On
> > the other hand this board is so exceptional in being helpful,
and
> > the developer is so extraordinary in reading and responding to
> posts
> > I will try not to clutter with chatter even if I disagree with
any
> > form of self appointed police.
> >
> > Just one last silliness: Tomasz do you ever sleep or stop to
eat,
> > you and Amibroker are truly exceptional!
> > Sursod
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Paul Ho" <paultsho@> wrote:
> > >
> > > Totally agree with the sentiment!
> > > there are plenty of other forum for general discussion.
> > > /Paul.
> > >
> > > _____
> > >
> > > From: amibroker@xxxxxxxxxxxxxxx
> [mailto:amibroker@xxxxxxxxxxxxxxx]
> > On Behalf
> > > Of Graham
> > > Sent: Monday, 5 February 2007 9:33 AM
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Subject: Re: [amibroker] Re: My First system
> > >
> > >
> > >
> > > and perhaps something to do with coding in amibroker could be
> > included
> > > as this is the purpose of this group
> > > there is a group called amiboker-ts for discussion of trading
> > systems
> > >
> > > --
> > > Cheers
> > > Graham
> > > AB-Write >< Professional AFL Writing Service
> > > Yes, I write AFL code to your requirements
> > > http://www.aflwriti <http://www.aflwriting.com> ng.com
> > >
> > > On 05/02/07, brian.z123 <brian.z123@xxxxxx
> > > <mailto:brian.z123%40yahoo.com.au> com.au> wrote:
> > > > Hello Sursod,
> > > >
> > > > Thankyou.
> > > >
> > > > I don't have the time to become involved in a lot of that
type
> of
> > > > discussion, and also the forum isn't the best possible place
> for
> > it.
> > > >
> > > > On the other hand, I do have a bee in my bonnet about the
> > absolute
> > > > rubbish that is put around about trading on the net.
> > > > I think collectively the forum can do a bit better with a
little
> > > > informal guidance here and there.
> > > >
> > > > You make some interesting points for discussion.
> > > >
> > > > To be fair to Mr Pardo.
> > > >
> > > > The book was written in the early 90's, its a short book and
it
> > > > appears to be intended as an introductory text.
> > > > It does do a good job of that.
> > > > It does set out all of the concepts in a logical and
> > understandable
> > > > way.
> > > > I admit I am a very hard marker.
> > > >
> > > > It's certainly a book I that I go back to.
> > > >
> > > > I would like to have seen his more advanced concepts or a
more
> in
> > > > depth discussion of exceptions etc.
> > > >
> > > >
> > > > When I say that I don't agree with all of his conclusions
that
> > is my
> > > > way of placing a disclaimer to indicate that I don't believe
> > people
> > > > should follow anyone blindly.
> > > >
> > > > On the other hand, I appreciate that it is *a cheap shot* to
> make
> > > > contrary statements without any supportive argument.
> > > > At some time in the future, when I can do a proper job of
it, I
> > might
> > > > lay out the arguments to support some of the statements I
have
> > made
> > > > about stats and system design etc. and give the forum a
chance
> to
> > > > make their critique.
> > > >
> > > > Brian *:-)
> > > >
> > > >
> > > >
> > > >
> > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
40yahoogroups.com>
> > ps.com,
> > > "sursod" <sursod@> wrote:
> > > > >
> > > > > Hi Brian,
> > > > > I enjoy your posts of ideas.
> > > > > I agree with you regarding derivative indicators although
I
> use
> > > > > Stochastics (SRSI) and Bollinger Band of RSI, both
derivative
> > of
> > > > > derivative of price. Personally I do not rate any TA
> indicator
> > as
> > > > > better than 35-65% accurate and often randomness decides
> when.
> > It
> > > > is
> > > > > more important to know the indicator we use so we
understand
> > when
> > > > it
> > > > > might fail then to chase newer and fancier indicators
thinking
> > > > > computation sophistication equates the holy grail.
> > > > >
> > > > > I value Pardo's book on systems design very much but
> > ultimately we
> > > > > have to make our own rules and write our own script, there
is
> > no
> > > > > holy bible and no absolute truth except the inconvenient
> truth
> > at
> > > > > the bottom line of the trading account.
> > > > > Sursod
> > > > >
> > > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
> > 40yahoogroups.com> ps.com,
> > > "brian.z123" <brian.z123@>
> > > > > wrote:
> > > > > >
> > > > > > Hello Bill,
> > > > > >
> > > > > >
> > > > > > I'm pleased you read the reply as I hadn't seen you
around
> > for a
> > > > > > couple of days and thought you might have disappeared.
> > > > > >
> > > > > > Trialling (it's not in my dictionary either - I haven't
> been
> > to
> > > > > > school for a while) = = trial and error (paper trading
or
> > virtual
> > > > > > trading where you visualise the outcomes of your systems
in
> > your
> > > > > > minds eye or imagination).
> > > > > >
> > > > > > I base this approach on my theory of success (template)
= =
> > theory
> > > > > > (reading?)followed by practice (backtesting?) followed by
> > > > > application
> > > > > > (trading or virtual trading) and then back to the
drawing
> > board
> > > > to
> > > > > > fix up your mistakes - the path to success is perpetual
> > > > > application
> > > > > > of the above cycle (continuous improvement in business
> > terms).
> > > > > >
> > > > > > I discussed *The Success Template* in more detail in a
> > previous
> > > > > topic
> > > > > > on Trading Psychology.
> > > > > > It was of minority interest only and some forum members
> > didn't
> > > > > like
> > > > > > it at all so it may not be to your taste either.
> > > > > >
> > > > > > Trading bank = = trading capital = = the amount of money
> you
> > have
> > > > > to
> > > > > > trade with.
> > > > > > Depending on your definition of ruin i.e all of your
> capital
> > is
> > > > > gone
> > > > > > or 50% of your capital is gone, once you trade to ruin
it
> is
> > game
> > > > > > over until you can put together another stash (by the
way
> > ruin
> > > > > isn't
> > > > > > in my trading goals).
> > > > > >
> > > > > > I understand your point on AccDis.
> > > > > >
> > > > > > I am a liberal and free thinker.
> > > > > > As far as I am concerned feel free to speculate and use
> > examples
> > > > > etc
> > > > > > in discussions.
> > > > > > There is no pressure on from me to be correct.
> > > > > > It is only a discussion.
> > > > > >
> > > > > > If you are going to write a book etc it is a different
> > matter.
> > > > > >
> > > > > > Brian*:-)
> > > > > >
> > > > > > P.S
> > > > > >
> > > > > > I am not a training guru so feel free not to believe
> > anything you
> > > > > > can't verify for yourself.
> > > > > > When in doubt put it in the holding pen.
> > > > > > If it doesn't stack up throw it in the rubbish bin.
> > > > > >
> > > > > >
> > > > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
> > 40yahoogroups.com>
> > > ps.com, Bill Halliday <halliday_mo@>
> > > > > > wrote:
> > > > > > >
> > > > > > > Brianzee123,
> > > > > > >
> > > > > > > Thank you for your response. I appreciate them very
much.
> > > > > > >
> > > > > > >
> > > > > > > Am I on the right track?
> > > > > > >
> > > > > > > Definitely.
> > > > > > > It's a long way to the top though.
> > > > > > >
> > > > > > > Unquestionably true!
> > > > > > >
> > > > > > > Suggest improvements to your approach?
> > > > > > >
> > > > > > > Keep doing what you are doing (reading, thinking,
> > > > questioning,
> > > > > > > discussing, trialling; you are in good company with
> > AmiBroker).
> > > > > > > It will be interesting to see what you can do in a few
> > years if
> > > > > you
> > > > > > > are still around.
> > > > > > >
> > > > > > > I will read, think, and question. Discussing my
findings
> in
> > > > > this
> > > > > > > forum is the way I plan to verify/focus my approach.
> > > > > > > Trialling isn't in my dictionary, what is it?
> > > > > > >
> > > > > > > Suggest improvements to your system development?
> > > > > > >
> > > > > > > I would say to think carefully about the criteria you
use
> > to
> > > > > > evaluate
> > > > > > > your systems (there is discussion in Pardo about this-
I
> > will
> > > > > read
> > > > > > it) and to
> > > > > > > understand the principles of money management
thoroughly
> > (there
> > > > > are
> > > > > > > 1000's of systems but you only have one trading bank).
> > > > > > >
> > > > > > > I'm not faminiar with the term: trading bank, what is
it?
> > > > > > >
> > > > > > > My initial reason for starting the document was to
learn
> > what
> > > > > a
> > > > > > > system was composed of and how to put one into
practice.
> > > > > > > It's a start!
> > > > > > >
> > > > > > > Soon I'll be up to the place where I can set realistic
> > goals
> > > > > for
> > > > > > a system.
> > > > > > > As you point out, the Accumulation/Distribution System
> > wasn't
> > > > > > intended
> > > > > > > to be used as a system, but was only used for the
purpose
> > of
> > > > > > learning
> > > > > > > to think/write/plan etc. in "Systems".
> > > > > > >
> > > > > > > Thank you for reviewing my approach and providing
> comments
> > on
> > > > > it.
> > > > > > >
> > > > > > > I look forward to your comments on my next offering.
> > > > > > >
> > > > > > > Bill
> > > > > > >
> > > > > > >
> > > > > > > ---------------------------------
> > > > > > > Have a burning question? Go to Yahoo! Answers and get
> > answers
> > > > > from
> > > > > > real people who know.
> > > > > > >
> > > > > >
> > > > >
> > > >
> > > >
> > > >
> > > >
> > > > 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 NEW RELEASE ANNOUNCEMENTS and other news always check
> DEVLOG:
> > > > http://www.amibroke <http://www.amibroker.com/devlog/>
> > r.com/devlog/
> > > >
> > > > For other support material please check also:
> > > > http://www.amibroke <http://www.amibroker.com/support.html>
> > > r.com/support.html
> > > >
> > > > Yahoo! Groups Links
> > > >
> > > >
> > > >
> > > >
> > >
> >
>
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