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Sai,
You seem to want the world. :))
Anyway, let me put you on the track, so that you
can build the system on your own.
First of all, you need to open the manual, and
look up the Gap up and Gap down functions.
Then you need to look up the HHV or LLV function,
which represent the Highest High or the Lowest Lows function.
Then you need to look up the Zig Zag function to
pinpoint the swing high or low, to place the % retracement levels.
This whole thing can be built in an Expert, but
let me warn you, it would take some time.
Do that, and let us have a
code which you feel is workable, but not plotting what you need.
Maybe it can be refined.
DusantChief Architect<A
href="">http://www.candlestrength.com/
----- Original Message -----
From: "sai20_2000" <<A
href=""><FONT face=Verdana
size=2>sai20_2000@xxxxxxxxx<FONT face=Verdana
size=2>>
To: <<A
href=""><FONT face=Verdana
size=2>Metastockusers@xxxxxxxxxxxxxxx<FONT face=Verdana
size=2>>
Sent: Friday, April 30, 2004 8:29 PM
Subject: [Metastockusers] Trading
system
<FONT face=Verdana
size=2>> Dear All, > Can any one help me in formulaing the mentioned
system for MS ,its > a part of Market timmimg System
book.Will apreciate the help forwarded> > > > Market
Timing System - TD TJ> This trading model is designed to capture short
term opportunities in > the market by identifying the potential price
exhaustions levels > that rise when traders concede a losing
position in the market by > capitulating at the opening price
.Specifically , given a initially > incorrect or ill-timed trading
decision coupled with adverse market > psychology and unfavorable
news as back drop.> TD TJ requires an opening price that is outside the
previous trading > days price range parameter ( ie previous trading days
high or days > low). In other words the the opening price has to be
required to be > either below the previous days low for an upside
move or above the > previous days high for down side move . Further
more ,to qualify a > price advance, the high one trading day ago must be
greater than or > equal to the low two or three trading days ago.To
qualify for the > price decline , the low one trading day ago must be
must be less than > or equal to the high two or three trading days ago.
Finaly to > identify a low risk buy entry zone , the current trading days
opening > price must be at least 38.2% times the previous trading
days price > range less than the pervious trading days low
price and at the same > time greater than 100 % times the previous days
true price range less > than the previous days low price , and the
current trading days high > must exceed upside the previous days
low by at least 1 price >
tick.
> Conversely to identify the low risk sell entry zone , the >
current trading days opening price must be atleast 38.2% times , >
previous days price range greater than the previous trading days high >
and , at the same time , less than 100% times the previous trading >
days true price range greater than the previous trading days high >
price ,and the current trading days low must exceed dnside the >
previous days high by at least one price tick. IN those instances in
> which the current price open is less than the previous trading days
> low price but not less 38.2% times the previous trading days
price > range minus the previous trading days low , then the
low risk buy > entry zone is elevated to the previous trading days
closing price > plus 1 price tick . Conversely in those instances in
which current > price open is greater than the previous trading
days high price but > not greater than 38.2% times the previous
trading days price range > added to the previous trading days high , then
the low risk sell > entry zone is lowered to the previous days closing
price minus 1 > price tick.>
Another variation of TD TJ > enters the market partially at 38.2% level
upside if the opening is > below the level described above and enters the
market partially at > the 38.2% level dnside if the opening is
above that level .These > entries are in addition to the conventional
entries that are at the > previous trading days low and prevous
trading days high as > previously described.> Add ional qualifiers
and > filters can be introduced to prefect this methodology ,
and we > experimented and improved upon this basic structure by including
> other variables . But only the general approach and design of the
> technique is described and presented for your revive . IN order
to > improve upon this base you may prefer to experiment with TD open (
> note below ). Which is a dynamic indicator template utilizing the
> general TD TJ method logy but which places it within a much
broader > and dynamic trading shell , thereby enabling a user to apply
and > exploit unlimited additional qualifiers and filters to arrive
at an > improved market timing indicator.> Note- TD open :-Not
only must the open be less than the low or >
greater than the high "x'( 2 , 3 , 4,5, 6,7or more days trading days >
earlier) , but the high must also be greater than or the low less > than
a prescribed level such as the previous trading days midpoint , > average
, close, open , and so forth , depending upon whether an > upside or
downside move is qualified additionally , a specified % >
penetration of a previous trading days or a %ge of a group of
days > trading ranges can be added to or substracted to the current
days > open previous days close to also perfect the lower is entry
level.> > > Thanks n Regards> >
sai
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