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Hello,
> This
> helps spot patterns such as for example 3 Range bars up then 1 down
> then again 3 Range bars up 1 down.
The point is that you can not say for sure that the pattern really occurred
if range of 4 happened inside one 1-minute bar. You don't know if it was
4 up bars and then 1 down. It could be 2 up bars, 1 down and 3 up.
Or 1 up, 1 down and 4 up. Or thousands of other combinations.
You don't know. That's the point.
You can not rely trading on something that is based on wild guesses and those
guesses are mostly wrong.
More info in my previous response that you have removed from the reply:
http://finance.groups.yahoo.com/group/amibroker/message/113212
That's why I say:
use *tick data* to create range bars or use ranges that are larger than
any 1-minute movement. The same advice you will find in any software
that support range bars.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "c776162" <jvissari@xxxxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, July 23, 2007 12:40 AM
Subject: [amibroker] Re: AmiBroker 4.97.0 BETA released
> --- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <groups@xxx>
>
> Hello Tomasz,
>
> I did read the Readme before I posted and understand your
> logic, however most people who want to use Range bars want then to
> filter out movements betwean ranges, ie they are not interested in all
> the zig-zags, only the zig-zags where the range has been reached. This
> helps spot patterns such as for example 3 Range bars up then 1 down
> then again 3 Range bars up 1 down.
>
>
>
>
> 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.amibroker.com/devlog/
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> Yahoo! Groups Links
>
>
>
>
>
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.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
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