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[amibroker] Re: TTMSqueeze, TTMTrend indicators



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Thanks Guno. The Heikin ashi is good; but there is something fishy 
with the other ttmsqueeze indicator. in any case, i kind of played 
with it for a while (a few days :() and have a good version. There is 
one problem though. Take a look at this picture 
first:http://www.flickr.com/photos/7150208@xxx/406220699/

Now i pretty much have a good idea of entry point, but to get a good 
exit point i need the histogram to be smoother. The way they actually 
recommend it on Tradethemarket website is that they use a moving 
average of the 12day-mmomentum but that is not correct (they use 
something else); but they actually appear to have copied the idea 
from the tradestation messageboard. on there they actually say that 
they are plotting a delta of the difference between the Donchian mid 
line and Price but here is the code written for Tradestation:

{-- Plot delta of price from Donchian mid line ----------}
value2 = LinearRegValue(price-((Highest(H, Length)+Lowest(L, 
Length))/2 + xAverage(c,Length))/2,Length,0);

--Here is my question: why are they using LinearReg to smoothen a 
curve; as far as i understand if we use linear regression to fit a 
curve it will fit it into a straight line; so if i use some linear 
regression to smoothen the histogram i will rather get some straight 
line parallel to the zero line. Perhaps LinearRegValue function in 
tradestation does something totally different than what it is named 
after? 

does anyone know what this above line of code exactly does in 
tradestation? 

-- Another question: what is the best way to smoothen some curve like 
that with minimal lag and minimal zig-zagging.  i am looking into 
some adaptive moving averages etc; perhaps even a MACD kind of a 
thing on the momentum will do. but any ideas as to the best way to 
smoothen a curve? (i know this is a classical question; but probably 
there is a good answer somewhere).

Regards
Gariki.

PS: Also here is the code for the histogram i am playing with

//CODE START ****************************************
/*
Plots the delta between Price and Donichan midline. Also in second 
plot i am plotting a modified version of this delta because this is 
what the tradestation code seems to be doing. but in addition to this 
the trade station code is calculating something using a function 
LinRegressionValue() that i am not able to replicate. This code is 
used in addition with the code to see if the squeeze is in effect 
(Bollinger bands inside Keltner channel) to use as a momemtum play.
*/

MomentumValues = ParamField( "Field" ) - Ref(ParamField( "Field" ), -
12);
Plot( MomentumValues, "myMomentum_12_Days", colorRed, styleLine);

pds=20;
DonchianUpper =HHV(Ref(H,-1),pds);
DonchianLower = LLV(Ref(L,-1),pds);
DonchianMiddle = (DonchianUpper+DonchianLower)/2;

deltaDonichanPrice = Close - DonchianMiddle;

Plot(deltaDonichanPrice, "myBBSqueeze",colorBlack, styleHistogram | 
styleThick );

value2 = (Close - (( DonchianMiddle + EMA(Close, 20) )/2) );

Plot(value2, "value2",colorRed, styleHistogram | styleThick );

_SECTION_BEGIN("EMA1");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 200, 1, 10 );
Plot( EMA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", 
colorCycle ), ParamStyle("Style") ); 
_SECTION_END();


//CODE END  ****************************************


--- In amibroker@xxxxxxxxxxxxxxx, "gunovanengel" <gunovanengel@xxx> 
wrote:
>
> Hi,
> Squeeze
> http://www.amibroker.com/library/detail.php?id=453
> Heikin ashi = ttmTrend
> http://www.amibroker.com/members/traders/02-2004.html
> 
> Regards
> Guno
> --- In amibroker@xxxxxxxxxxxxxxx, "chetan_gariki" <chetan_gariki@> 
> wrote:
> >
> > Hello Everyone,
> > 
> > I am new to AB and am just getting used to the program; i am 
> interested 
> > in Tradethemarket indicators (TTM Squeeze and TTM Trend). I am 
> trying 
> > to code these indicators but wanted to check if someone already 
has 
> a 
> > good version of these indicators. 
> > 
> > References:
> > http://www.tradethemarkets.com/products/department2.cfm
> > 
> > They have code available for tradestation here:
> > http://www.traderslaboratory.com/forums/46/heikin-ashi-trend-
> indicator-
> > 951-2.html
> > 
> > 
> > 
> > Thank you
> > gariki
> >
>




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