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Hello Brian_z,
By price action, I was referring to simply the pattern arrangement of
price (OHLC) over a number of previous bars, maybe coupled with the
relationship with Volume but this is the next stage.
For me indicators are of little use for 2 reasons; (i) they are
lagging and (ii) they are all derived from a combination of price
and/or volume. Therefore, one might as well focus of the raw data in
the first place IMO.
Consequently, I find your comments very interesting. I tried your
link but the page could not be found. Is there any possibility to
repost it, as I would definately be interested in reading what has
been posted.
With regard to Thomas & Pattern Exporer, I agree that the work he as
accomplished there is excellent and would definately be of use to
Traders.
For me though, I really wanted to steer clear of the tradition chart
patterns and instead investigate other possible repeating patterns
based on what I have described above.
Kind Regards,
Chorlton
--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> Chorlton,
>
> > At the moment my interest is in developing Mech Systems based on
> > price action.
>
> > Consequently, what I'm looking for is something which can look
back
> > through a price chart and spot possible repeating patterns (based
> >on
> > basic price action) which can be used as a starting point for
> further
> > more detailed analysis.
>
> More as a discussion point rather than a specific answer:
>
> I am interested in Thomas's work, say, from an academic point of
view.
>
> Predictive patterns are our bread and butter and since Thomas has
> done the work I would consider it a shortcut (even if not perfect)
> e.g. Thomas's work would be contemporary and dynamic compared to,
> say, Bulkowski's "Encyclopedia of Chart Patterns".
> Also the fact that Thomas is around to talk to us is a plus on top
of
> that.
>
> Specfically I would like to know what type of performance can be
> squeezed out of the classic patterns and as I understand it
Thomas's
> program would allow a second choice programmer like me easy ways to
> do that.
>
> I am not concerned if they benchmark below my own efforts - as a
Tech
> Analyst I am curios to know that kind of information.
>
> But that is me - on to you.
>
> I think that the classic chart patterns are 'PriceAction' - perhaps
> not in the way that you are thinking of.
> To me 'PriceAction' is price moved based on the bars (I am biased
to
> daily and below) with no indicator that use lookback periods (not
as
> a core factor anyway).
>
> But I am open to more expansive, or detailed, definitions of
> PriceAction.
>
> I also have had an idea floating around my ideas intray for a
while,
> which is:
>
> To what extent can we describe patterns in the daily bar (that
> comprise several bars) by using 1-2 bar patterns in higher
timeframes?
>
> There is a temporary post at the UKB that gives a hint or two at
> where I am going with that one (don't know how it will translate
into
> winning trades).
>
> refer to Uncategorized >> Pattern Recognition Across TimeFrames
>
> http://www.amibroker.org/userkb/
>
> I will take the post down in a few days because I have too
> many 'open' topics at the UKB already - sorry I can't do a full
> exposition on the topic at the moment.
>
> brian_z
>
>
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "chorlton_c_hardy" <chorlton-c-
> hardy@> wrote:
> >
> > Hello Thomas,
> >
> > Thanks for the prompt response. I took a look at your site and
what
> > is on offer looks impressive.
> >
> > However, I should have clarified something in my original post as
> > this is unfortunately not exactly what I'm after.
> >
> > At the moment my interest is in developing Mech Systems based on
> > price action. Even though I have plenty of ideas already which I
am
> > slowly backtesting, this process takes time and obviously does
not
> > always lead to a positive or potentially profitable outcome.
> >
> > Consequently, what I'm looking for is something which can look
back
> > through a price chart and spot possible repeating patterns (based
> on
> > basic price action) which can be used as a starting point for
> further
> > more detailed analysis.
> >
> >
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Thomas Z." <tzg@> wrote:
> > >
> > > Hello,
> > >
> > > take a look on my website: www.PatternExplorer.com
> > >
> > >
> > > Thomas
> > > www.PatternExplorer.com
> > >
> > >
> > > From: amibroker@xxxxxxxxxxxxxxx
> [mailto:amibroker@xxxxxxxxxxxxxxx]
> > On Behalf
> > > Of chorlton_c_hardy
> > > Sent: Wednesday, February 27, 2008 5:18 AM
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Subject: [amibroker] Pattern Searching within AB
> > >
> > >
> > > Hello All,
> > >
> > > Is anyone aware of any methods for Pattern Searching within AB?
> > > By "methods" I'm referring to either dedicated code which has
> been
> > > developed or some form of 3rd party add-on.
> > >
> > > I ask as I have recently read about some software which can
> search
> > for
> > > potentially profitable patterns within charts and was wondering
> if
> > > anything similar has been developed for AB?
> > >
> > > Given the powerful and flexible nature of AFL, I just wanted to
> see
> > if
> > > anything is already available.
> > >
> > > Kind Regards,
> > >
> > > Chorlton
> > >
> >
>
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