Peter:
I agree that Wright is the standard. If
StockCharts matches Wright then the code and Metastock are off (probably by
a factor somewhere). Can you post a link for Wright's
charts?
Bill
----- Original Message -----
Sent: Monday, April 23, 2007 5:31
PM
Subject: Re: [amibroker] Re: Identifying
Pnf Patterns
Bill,
I have compared your images to Dorsey Wright
(arguably the standard for PnF) and they match Stockcharts graph (at first
glance).
Just an FYI.
Peter
On 4/23/07, wavemechanic <fimdot@xxxxxxxxx> wrote:
Peter:
Using a box size of 10 reduced the columns to
6 rather than StockCharts 8. The main problem (see previous screen
shots) is that with the same box size and reversal (1 x 3) as
StockCharts the two charts are different which suggests a difference in
logic, code, etc. Which one is right? Since posting the two
screenshots, I checked them against Metastock and as far as I can tell
without dates apfxtraders chart is the same. Unless there are other
parameters that I'm not aware of it looks like StockCharts is the odd
one. I have sent the Metastock chart to StockCharts to see if they can
explain the difference. Let's see what they say (hopefully, more than
we're right - period).
Bill
-----
Original Message -----
Sent:
Monday, April 23, 2007 4:04 PM
Subject:
Re: [amibroker] Re: Identifying Pnf Patterns
Bill,
Change the boxsize in AB to 10 to see if that
makes a difference. Most PnF charting apps have boxsize modified
automatically. You will have to manually change it
here.
Regards, Peter
On 4/23/07, wavemechanic <fimdot@xxxxxxxxx>
wrote:
apfxtrader:
I checked your code against StockCharts chart
(
http://stockcharts.com/def/servlet/SC.pnf?chart=$NDX,PLTADANRBO[PA][D][F1!3!!!2!20]&pref=G)
for ^NDX. Screen shots of both are attached. As you can see,
the number of columns (and reversal levels) is different. For
example, looking at the more recent columns (from the last major drop),
StockCharts has 8 columns and your code produces 16. Might there
be a factor of two difference somewhere? I played around with the
four "/ 2" in the code but that did not seem to have any effect.
Any idea what is going on?
Bill
-----
Original Message -----
Sent:
Monday, April 23, 2007 12:46 PM
Subject:
[amibroker] Re: Identifying Pnf Patterns
SUNW P&F Chart (Box=1, Reverse = 3)
Below is the code to chart only Stocks. You can control the
right margin space for PF Chart, Last value close,
Horizontal Grid, and Price Axis through
variables:
shiftChart =0; shiftLastClose
=1; shiftGrid =7; shiftPriceAxis =
2;
//-----------COPY
HERE-------------------------------------------
GraphXSpace =
5;
SetChartBkColor(ParamColor("BackGroundColor",
colorBlack)); GraphColor =
ParamColor("GarphColor",colorLightGrey); GridColor =
ParamColor("GridColor", ColorRGB(39,49, 67) );
Box
=Param("Box", 1, 0.2, 5, 0.2);
shiftChart =0; shiftLastClose
=1; shiftGrid =7; shiftPriceAxis = 2;
Reverse =
Param("Reverse", 3, 1, 5); j = 0; PFL[0] = Box *
ceil(Low[0]/Box) + Box; PFH[0] = Box *
floor(High[0]/Box); direction = 0;
for( i = 1; i <
BarCount; i++ ) { if(direction[j] == 0) { if(Low[i] <=
PFL[j] - Box) { PFL[j] = Box *
ceil(Low[i]/Box); } else { if(High[i] >= PFL[j] +
Reverse*Box) { j++; direction[j] = 1; PFH[j] = Box *
floor(High[i]/Box); PFL[j] = PFL[j - 1] +
Box;
} } } else { if(High[i] >= PFH[j] +
Box) {
PFH[j] = Box *
floor(High[i]/Bx); } else { if( Low[i] <= PFH[j]
- Reverse * Box ) { j++; direction[j] = 0; PFH[j] = PFH[j
- 1] - Box; PFL[j] = Box *
ceil(Low[i]/Box);
} } } } delta = BarCount - j
-1; direction = Ref(direction, - delta); Hi = Ref(PFH, -delta) +
Box/2; Lo = Ref(PFL, -delta)- Box/2; Cl = IIf(direction == 1,
Hi, Lo); Op = IIf(direction == 1, Cl - Box, Cl +
Box);
PlotOHLC(Op, Hi, Lo, Cl,"", GraphColor ,
stylePointAndFigure|styleNoLabel, 0, 0
,shiftChart);
Last = Ref( LastValue(C),
-(BarCount-1)); Plot( Last,"", colorRed,styleNoLine|styleDots, 0 ,
0, shiftLastClose);
// selected value Value=
IIf(direction>0, SelectedValue(Hi)-box/2,
SelectedValue(Lo)+box/2);
//----------------------------------------------------------------------- //
GRID
CONSTRUCTION //----------------------------------------------------------------------
PlotGridLines
= ParamToggle("PlotdGid", "Yes|No", 0);
if
(PlotGridLines) { begin = SelectedValue(BarIndex()); end =
LastValue(BarIndex()); period = end-begin +1;
if(
begin<end) {
ScreenHigh =LastValue( HHV(cl, period ))
+ box; ScreenLow =LastValue( LLV( Cl, period)
)-box;
top= LineArray( begin-shiftGrid, screenHigh, end,
screenhigh, 0 , 1); Bot= LineArray( begin-shiftGrid, screenlow,
end, screenLow, 0, 1);
Plot( top, "",
gridColor,styleLine|styleNoLabel , 0, 0,shiftGrid); Plot( bot, "",
gridColor,styleLine|styleNoLabel, 0 , 0 ,
shiftGrid);
VerticalGrid = IIf ( BarIndex() >= begin,
IIf(direction==1, screenHigh, screenLow), Null);
Plot
(VerticalGrid, "", gridColor, styleStaircase|styleNoLabel, 0,0,
1);
format =
8.2;
//while ( LastValue(bot)<
LastValue(top)-0.5*box)
for (
n=LastValue(bot); n< LastValue(top); n =
n+box) { &nbp;
Plot( bot , "",
gridColor, styleLine|styleNoLabel, 0, 0
,shiftGrid);
text = NumToStr(LastValue(bot) + 0.5*box,
format); xposition =
BarCount+shiftPriceaxis; yPosition =
LastValue(bot)+0.27*box;
PlotText(text, xPosition , yPosition,
colorWhite);
bot = bot +
box; }
}
}
//--------------------------------------------------------------------- //
TITLE
//----------------------------------------------------------------------
Title
= "\n" + " Instrument : " + Name() + FullName()+"\n "
+ "Formula : " + " Point & Figure (High/Low Range)" + "\n "
+ "Box : " + NumToStr(Box, 4.4) +
" " + "Reverse : " +
NumToStrReverse, 2.0) + "\n " + "ATR : " +
WriteVal(LastValue(ATR(100)), format = 4.4);
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