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Kethek
The simplest advance/decline calculation entails totalling the number
of stocks in the market that have risen on any day and deducting the
number of stocks that have declined, thus giving an indication of
market sentiment.
This `raw', very volatile info, can be used as is or manipulated in
many various ways, just like price.
Check Amibroker's built in version
Help>Search ( Enter Advance/Decline) > Advance/Decline
and the Trin indicator, for a variation on the theme.
You may wish at some stage to utilize Amibroker's cool tool, the
AddToComposite, to calculate the AD data for your particular market.
Some data suppliers provide the AD data for markets they service.
Regds and good trading
Gerard
ps IMO is an abbreviation of "In My Opinion"
--- In amibroker@xxxxxxxxxxxxxxx, Kethek Ogleng <budheng0402@xxx>
wrote:
>
> Gerard,
> I appreciate your valuable tips. Well, where can I get AD line and
IMO formula? Coudn't find them on AFL Library.
> Thanks a million.
> Rgds,
> Kethek
>
>
>
> ----- Original Message ----
> From: Gerard Carey <gcfinance@xxx>
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Friday, March 14, 2008 9:02:08 PM
> Subject: [amibroker] Re: Leading indicators
>
> Some "Lagging" indicators "Sometimes" display "Leading"
> characteristics.
>
> Any half decent momentum indicator may display divergence on a
> double top/bottom for example.
> If I receive an entry signal at such a time my trading plan forces
me
> to increase my initial position size and any subsequent
> pyramiding ? obviously a result of my belief that the indicator is
> leading price at this time.
>
> I also utilise an advance/deline indicator to fine tune entries.
> Say I'm looking at a long position on a pullback trade.
> I'm waiting for signs that the is about market to turn back up.
> I may have two red candles, but my AD line may well turn
> back up on the last or sometimes both days.
> You'd better believe I'm loading up for big game (position size
wize)
> if, on the following day, price turns back up also.
> IMO the AD line is leading price.
>
> So "Leading" indicators?
> Well no ??..but sometimes yes.
>
> Regds and good trading
> Gerard
>
> --- In amibroker@xxxxxxxxx ps.com, Kethek Ogleng <budheng0402@ ...>
> wrote:
> >
> > Dear Thomasz and Brian,
> >
> > I have explored indicators that I am aware of, but I have not
found
> single leading indicator. Eventhough I hv changed the parameters, ,
> the indicators were all lagged. The fastest indicator that I am
aware
> of is Heikin-Ashi, but still it is not leading indicator. In the
best
> of your knowledge and experience, what are leading indicators
> available for AB users (or at least faster that Heikin-Ashi) ?
> Logically (for non-IT guy like me), the leading indicator must
> contain price linear regression and volume components.
> > I am aware that if someone had it, he or she must be a
> multibillioner and wouldnt share with us. Ha ha ha
> >
> > Regards,
> > Kethek
> >
> >
> >
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>
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