|
PureBytes Links
Trading Reference Links
|
Hi Friends,
Here I have a formula for summation index in a indirect form.
I need a macd of same summation index.
The stock or index buy sell signals will be picked up from macd,signal of summation index to give higher reliability.
Two points to note here are
I have no data source that gives me exact advance-declines sort of precise data.
But that does not prevent me from estimating or calculating summation index.
For the users of Amibroker,Tomasz gave a simple but effective formula.
using this afl as step1 can I get to code of MACD of summation index?
Can a afl expert help me with coding of MACD of summation index?
please extend a helping hand and oblige!
the code I have here is
---------------------------------------------------
// Tom Demark's DeMarker Indicator
// AFL Implementation by Tomasz Janeczko
highm = IIf( H > Ref( H, -1 ), H - Ref( H, - 1), 0 );
lowm = IIf( L < Ref( L, -1 ), Ref( L, - 1 ) - L, 0 );
DeMarker = 100 * Sum( highm, 13 )/( Sum( lowm, 13 ) + Sum( highm, 13 ) );
Graph0 = DeMarker;
//Can I use SMIDX=DeMarker;
//need code to GET MACD OF SUMMATION INDEX
why I need MACD of SMIDX? READ below
=========================================
I thought in these lines but got stuck,cant move on
Plot(( EMA( SMIDX, 26 )- EMA( SMIDX, 12 )), "MACD", colorBlue, styleLine);
Plot( EMA( SMIDX, 9 ), "Signal", colorRed, styleLine);
_SECTION_END();
----------------------
reference -background
The concept is based on
(chuck hughes) summation index
Summation Index
High Accuracy Indicator
Advancing Stocks > Declining Stocks = Bullish Trend
Advancing Stocks < Declining Stocks = Bearish Trend
Summation Index ?eBuy?f Signal
?? Summation Index MACD is Above 9-Day EMA
Summation Index ?eSell?f Signal
?? Summation Index MACD is Below 9-Day EMA
?? MACD (MACD of the stock you are targeting not to be confused with the
Summation Index MACD)
?? Intermediate Term Trend System (50-Day and 100-Day EMA cross over)
?? Major Trend System (1-Month Price and 20-Month EMA cross over)
If one or more of these three trend following systems is on a ?gsell?h signal and
confirms the Summation Index down trend then that stock is a good candidate for a
short position. Now This trend confirmation by the three trend following systems is
important because there can be stocks in a price up trend when the broad market is
in decline. I generally do not recommend shorting stocks as this can be too risky.
But in my global powertrend book and wealth creation alliance manual there are
systems for establishing short positions with limited risk.
========================================================
Thanks in advance for your time and spirit
regards
rvlv
------------------------------------
**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
http://www.amibroker.com/feedback/
(submissions sent via other channels won't be considered)
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|