Re: [amibroker] Re: TTMSqueeze, TTMTrend indicators, AmiBroker Email List Archive

On 3/3/07, chetan_gariki <chetan_gariki@xxxxxxxxx> wrote:

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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