[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[amibroker] Let Us Keep It Simple



PureBytes Links

Trading Reference Links

It is all in the OHLCV.

Most of the "learned" people in this forum and and all other Trading 
or TA related discussions try to make it sound like a pure and 
complicted science.

Yes, a little math is involved. But that is just it. People 
incorporate all those scientific formulas and equation just to make a 
simple matter more and more difficult.

"TA is nothing more than recognition of reversals" positive or 
negetive. And that recognition can be made by using simple tools. 
Here is an example that incorporates Appel's Triple Momentum and 
Price Action, as viewed via the usage of SMA:
-----------------------------
x = ROC (C, 5);
y = ROC (C, 15);
z = ROC (C, 25);

k = x + y + z;

A = MA (C, 9);
B = Ref( MA (C,9),-1);


Buy = Cross (A,B) AND A > LLV(C,1) AND K >4.0;
Sell = Cross (B,A);
Filter = Buy OR Sell; 

Plot (MA (C, 9), "MA-9", colorBlue);


AddColumn( Buy, "Buy", 1);
AddColumn(Sell, "Sell", 1);
AddColumn(Close,"Close",1.2);
AddColumn(Volume,"Volume",1.0);
---------------------------------------------------

Keeping the basic facors constant, I bet no complicated indicator or 
system can improved on the results of the above.

Please, feel free to experiment with it. But keep it simple.

MAV


Content-Description: "AVG certification"
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.441 / Virus Database: 268.17.35/680 - Release Date: 2/10/2007 9:15 PM