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HI Tob,
In the code given for TD TJ by u , in th 8th row of the code
consisting of
CCL:=O<= L-(Ref(H-L^),-1)*.382);
in the space " ^ " sign mentioned , the indicator builder gives a
remark as
A " , " expected
Thus it does not get executed , Wht might have gone wronge?
Please respond
Regards
Sai
{begin code}
xx:=input("Change type to invisible",0,0,0);
AAL:=OAAS:=H>REF(H,-1);
BBL:=H>=REF(L,-1) OR H>=REF(L,-2);
BBL:=REF(AAL,-1);
BBS:=L<=REF(H,-1) OR L<=REF(H,-2);
BBS:=REF(AAS,-1);
CCL:=O<=L-(REF(H-L),-1)*.382);
CCS:=O>H+(REF(H-L),-1)*.382);
DDL:=O>L-ATR(1);
DDS:=O
EEL:=H>REF(L,-1);
EES:=LFFL:=REF(C,-1)+.03;
FFS:=REF(C,-1)-.03;
IF(AAL AND BBL AND CCL AND DDL,EEL,
IF(AAL AND BBL AND DDL,FFL,
IF(AAS AND BBS AND CCS AND DDS,EES,
IF(AAS AND BBS AND DDS,FFS,0))))
{end code}
--- In Metastockusers@xxxxxxxxxxxxxxx, "sai20_2000"
wrote:
> 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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