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Chorlton,
> 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.
I think that does include the classic TA patterns but I am all for
taking a fresh look at older ideas - obviously you have something in
mind, or want to take a different approach.
I am quite interested in the subject and have played around trying to
find other, less well known, patterns.
My post isn't an article as such - just a couple of images as a
pictorial comment on Price Action.
The post is definitely there - I always test the links after I post
(at the top of the Recent Posts category in the right hand sidebar).
It should also be the first article at this link.
http://www.amibroker.org/userkb/category/uncategorized/
Come back if you still don't find it and I will make a tiny URL later
today.
brian_z
--- In amibroker@xxxxxxxxxxxxxxx, "chorlton_c_hardy" <chorlton-c-
hardy@xxx> wrote:
>
> 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@> 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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